core sector communique

Barker Announces Acquisition of Spanish Creek Gold Property in Cariboo Gold District B.C.

Prince George, B.C., November 15, 2011 – Barker Minerals Ltd. (“BML” on TSX/V) (the “Company”) announces that it has entered into an agreement with two arm's length Vendors to acquire a 100% interest in certain mineral claims in the Cariboo Mining District of British Columbia, namely the Spanish Creek Property. The property is located 70 kilometres east of Williams Lake, British Columbia, and 20 kilometres from the community of Likely, British Columbia. The Spanish Creek Property is 325 hectares in size, has vein/gold type drill targets identified and excellent access and infrastructure nearby. 

Pursuant to the agreement, the Company will pay the Vendors $10,000 with a payment of $2,000 payable at closing and additional payments of $2,000 per month for four months to follow.  The Company will also issue a total of 200,000 common shares of the Company at a deemed issue price of $.07 per share. Following completion of the acquisition, the Spanish Creek Property will be subject to a 1-per-cent net smelter return royalty held in favor of the Vendors which can be re-purchased by the Company for $1.0 million within five years of the date of closing.

The acquisition will be subject to certain conditions including TSX Venture Exchange approval.

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 20 projects on its exploration properties, all of which are 100% owned by Barker Minerals. Eight projects have drill-ready gold and/or 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.