­ Bathurst Metal Corp. announced it has entered into a binding letter of intent ("LOI") with arm's length vendor BCT Holdings Corp. (the "Vendor") to acquire an undivided 100% interest in 12 mineral claims covering approximately 5,500 hectares located in the Bridge River Mining Camp of British Columbia.

About the Peerless Project: Located less than 20 kilometres from the historic Bralorne/Pioneer and King Gold Mines. Project's known gold/silver and base metal mineralization is similar to these mines in that the mesothermal, orogenic quartz-carbonate, structurally controlled veins are in close proximity to an ultramafic intrusive/volcaniclastic-sedimentary contact. Property contains three known showings, Alpha, Beta and Peerless with limited historical, systematic surface and underground exploration starting in the 1930's. The property lies at low altitude and has year-round road access.

Historic drilling intercepted mineralization at the Alpha Zone such as: Hole 87-8, starting at 19.8 metres of 1.02 oz/tonne gold and 3.82 oz/tonne silver over a 3.47 metres core length. Zone remains open along strike and to depth. Recent exploration work has defined an east-northeast trending, in soil multi-element (gold/silver/arsenic/antimony/lead/zinc/bismuth/copper) anomaly over 2,500 x 750 metres and remains open in all directions.