Prince George, British Columbia (FSCwire) - Barker Minerals Ltd. (BML TSX/V) ("Barker" or the "Company") reports that it is in the process of adopting the business model of a "Prospect Generator/Royalty company". The stage of exploration of Barker's 100% owned projects, the Federal Government airborne survey and geological program results, the exploration successes of neighbouring companies Barkerville Gold Mines Ltd. (BGM TSX-V) and Spanish Mountain Gold Ltd. (SPA TSX-V) together are indicative of a resurgence of interest in the Cariboo Mining District.President/CEO Louis Doyle states," This strategic transition is a very timely opportunity for Barker, its shareholders and speculative investors looking to get positioned in the early stages of an emerging world class mining district."

Prospect Generator/Royalty Model

Prospect generators allow investors to invest in companies with relatively minimal exposure to any individual discovery play and with lower capital requirements, which means the risks of dilution caused by conventional financings are lower than with most other exploration stocks.

The term "Prospect Generator" is used to describe a junior mineral exploration company that employs a business model which significantly reduces risk for investors and the company alike. The Prospect Generator will typically stake/acquire prospective ground that they believe has significant mineral potential. Initial cost-effective exploration work is completed by the Prospect Generator (geological mapping, geophysics, geochemistry, etc.) in order to establish drill targets and further outline the opportunity. The Prospect Generator will then work to secure joint-venture partnerships to fund drilling and further exploration work on the property by offering a majority interest (usually 50-70%) in the property in exchange for cash, shares and/or committed exploration expenditures.

Many of Barker's projects have exploration drill targets defined with 43-101 recommended exploration and drilling programs ready for advancement.

Benefits of the Prospect Generator/Royalty Model

The business of mineral exploration is inherently risky. The Prospect Generator model works to reduce some of that risk by exposing shareholders to the upside of mineral discoveries, while conserving capital. This allows the Prospect Generator to limit share dilution (number of shares outstanding) and increases the company's longevity. The odds of making an economically viable mineral discovery are low, and thus it makes prudent business sense to obtain partner funding for the higher-risk and higher-cost capital expenditure required to drill test prospective targets.

There are many examples of successful prospect generators, but two companies - Almaden Minerals (AMM-T, AAU-X), and Altius Minerals (ALS-T) - illustrate how the model can be tailored to individual companies. These two juniors chose a fairly contained geographic region and focused exploration there for years, gaining a deep knowledge and understanding of the area before making a significant find. But whereas Almaden is a classic prospect generator - around for decades and still true to its roots - Altius is transitioning to a hybrid prospect generator/royalty company. Barker has also been focused for many years gaining a deep understanding of the economic potential in the Cariboo Mining District of East Central B.C.

*There is no guarantee on future results as success in Prospect Generators is still ultimately determined from the successful exploration and development of projects, which results can only be determined through conducting extensive geological programs. Prospect Generators, like conventional exploration companies, are not immune to being affected, positively or negatively, by outside factors such as, but not limited to: market conditions, location of projects, access and infrastructure, mining sector interest in the district, investor sentiment and commodity prices at any given time.

Barker controls and owns a 100% interest in a diverse portfolio of exploration projects in the emerging Cariboo Mining District. The 52,169 hectares (128,912 acres) project area covers multiple commodities and deposit types which the Company intends on strategically making available for sale and/or joint venture.

The first project to be made available for sale and/or joint venture, by Barker will be the high potential Simlock Gold project which is along strike and contiguous with southern end of the 60km open ended "Cariboo Break" identified by Barkerville Gold and which has a similar geochemical, geophysical and geological footprint as the Bonanza Ledge deposit near Barkerville to the North. This project will be featured and summarized in an upcoming news release.

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. Eight projects have drill-ready gold and/or precious metal bearing massive sulphide targets.

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.

FOR FURTHER INFORMATION PLEASE VISIT OUR WEBSITE www.barkerminerals.com OR

CONTACT EITHER:

Louis E. Doyle		Robert H. Kuhl
Tel: (250) 563-8752		Tel: (604) 321-0709
Fax: (250) 563-8751		Fax: (604) 321-0719
barker@telus.net		bmls@shaw.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/barkermin05022017.pdf

Source: Barker Minerals Ltd. (TSX Venture:BML)

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