Barker Minerals Ltd. Update on Cariboo Exploration Projects

Prince George, British Columbia (FSCwire) - Barker Minerals Ltd. (“BML” on TSX/V) (“Barker” or the “Company”) reports that during the 2016 season it has completed a number of recon geochemical work and regional evaluation programs on its extensive 100% owned property package in order to determine which target areas may host the most favorable economic potential.

2016 Exploration

Recon exploration during 2016 included follow up programs of exploratory soil and rock sampling with XRF hand held analysis where results of previous programs demonstrated above normal levels of base metals and pathfinder minerals for gold and VMS deposits. Soil and rock collection programs were conducted on the Ace, Frank, Rollie, Mag, QR, Simlock, Doreen and BB East projects.

The 2016 recon programs were also successful in identifying new target areas for follow up programs and in identifying extensions to known trends creating a broader database of geochemistry and geology in the various project areas.

Cariboo Regional Outlook

Federal and Provincial Government geological, geochemical and airborne geophysical programs, together with Barker’s exploration results to date, have helped enhance and affirm the Cariboo regions potential for district size gold and base metal potential. Barkerville Gold Mines (BGM TSX-V) and Spanish Mountain Gold’s (SPA TSX-V) ongoing exploration activities over the past few years have produced significant positive results which also confirm the district scale potential.

Barkerville Gold’s exploration programs continue to yield extremely positive results which include an announcement on October 4, 2016 of the identification of a major 60 kilometre gold bearing structural break which is open to the east from the western boundary of Barker Minerals Simlock Gold project. http://www.barkervillegold.com/investors/news/barkerville-identifies-60-kilometre-long-gold-bearing-structural-break

Barkerville Gold Mines quote from October 4, 2016 news release:

“The Company’s recently acquired, proprietary high resolution magnetics and electromagnetics survey collected over the entirety of the extensive 2,119 square kilometer Cariboo Gold Project combined with field mapping and sampling, has now conclusively determined the existence and location of the newly named ‘Cariboo Break’ which has been traced for more than 60 kilometers. The Break is interpreted as a major deep-seated shear which appears to have focused gold mineralization along its length. The Cariboo Break is manifested as a well constrained magnetic depression coincident with the auriferous soil anomalies generated from the 2016 regional exploration program and also the mine trend on Island, Cow and Barkerville Mountains.” Historic regional geological mapping and data compilations crudely indicated the existence of the Cariboo Break, but poor outcrop exposure throughout the area precluded an irrefutable, empirical interpretation of its occurrence until now.” end quote.

Past exploration from Barker Minerals and the Provincial and Federal Governments on the Simlock and Ace projects have identified a geological setting very similar to the Barkerville area and to that of the recently announced “gold bearing structural Cariboo Break”.

The Yukon, which has similar geology as the Cariboo gold district, recently had media reports state that a number of Major Mining Companies were buying out the most advanced projects and/or were getting well positioned in the Yukon’s premier gold districts.  As the awareness of the significant potential of the historic Cariboo mining district builds and interest returns from the mining and investment communities towards junior exploration companies it is anticipated that eventually similar interest will occur in the easily accessible Cariboo gold fields in mining friendly Central BC.

Details of the various programs and results by Barkerville Gold Mines and Spanish Mountain Gold are available in news releases on their respective websites.

The scientific and technical information contained in this news release was prepared under the supervision of Rein Turna, B.Sc., P.Geo. the Company's "qualified person" under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About Barker Minerals

Barker Minerals is advancing exploration on its mineral properties in the Cariboo Gold District, one of the most mineralized belts in British Columbia. The Company has more than 15 projects on its exploration properties, all of which are 100% owned by Barker Minerals.

Certain statements in this press release may be considered forward-looking information, including those relating to "plans" of the Company. Such information involves known and unknown risks, uncertainties and other factors -- including the availability of funds, the results of financing and exploration activities, the interpretation of drilling results and other geological data, project cost overruns or unanticipated costs and expenses and other risks identified by the Company in its public securities filings -- that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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