BCM Resources Corporation announces assay results from the Phase 1 drill program conducted in the Banana Lake area at Shan North. Eleven drill holes totaling 2,470 metres were completed in late 2007. (see company website for drill hole locations). The Banana Lake area is located approximately 3.0 km north of the Las Margaritas molybdenum discovery at Shan South.

Significant intercepts from the Phase 1 program are shown in the table below; highlights include .08% molybdenum (Mo) over 22 m including .15% Mo over 9.5 m (Hole NS 004) and 0.10% Mo over 14 m (NS 010). With the exception of NS 002 and NS 006 all holes returned molybdenum mineralization.

The drill program revealed widespread stockwork mineralization with local high-grade occurrences. For example, NS 001 returned 0.40% Mo over 2.5 m and NS 004 returned a Mo grade of 0.35 % over 2.5 m. The mineralized zone is open at depth, to the north and to the south-west.

Shan North Phase 1 Highlights

Hole From (m) To (m) Length (m) % Mo
NS 001 56 63.5 7.5 .17
NS 004 33.5 55.5 22 .08
including 33.5 43 9.5 .15
NS 005 129.5 139.5 10 .06
NS 007 127 134.5 7.5 .08
NS 008 134.5 144.5 10 .06
NS 009 88 93 5 .07
NS 010 149.5 163.5 14 .10

The style of mineralization resembles that at Shan South, and is generally associated with molybdenite-pyrite bearing quartz veins in granitic host rocks and is associated with elevated silver.

Additional reconnaissance surface work will be completed in summer 2008 to better define follow-up drill targets before commencing a Phase 2 drill program.

All assays were carried out at Acme Analytical Laboratories in Vancouver B.C. Standards, blanks and duplicates were systematically submitted to the lab for QA/QC.

Qualified Person:
Daryl Hanson, P.Eng., a Qualified Person as defined in NI 43-101, has reviewed the technical content of this news release.

Dale McClanaghan
President & CEO

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