Prince George, B.C., June 15, 2010 -- Barker Minerals Ltd. ("BML" on TSX/V) (the "Company") announces it is undertaking a non-brokered private placement in the amount of $500,000 through an offering of Units (up to 10,000,000 Units) and Flow Through Units. (up to 5,000,000 Flow Through Units)

The Units are priced at $.05 and consist of one common share (a "Common Share") of the Company and one common share purchase warrant (a "Warrant") of the Company. Each Warrant will entitle the holder to acquire one Common Share for a period of five years at an exercise price per share of $0.10.

The Flow-Through Units are priced at $.10 and consist of one common share (a "Common Share") of the Company and one-half of a common share purchase warrant (a "Warrant") of the Company. Each Warrant will entitle the holder to acquire one Common Share for a period of two years at an exercise price per share of $0.20 in the first year and $0.30 in the second year.

The Company may pay finder fees of 7% of the proceeds payable in cash and may issue finder warrants to acquire up to 8% of the Units issued in the private placement exercisable at the issue price of the Units expiring eighteen months from closing.

The proceeds received from the sale of the Units will be used to fund work programs on the Company's properties, fund the Company's Pro-Long Campaign and for general working capital, including the payment of outstanding accounts payable.

Interested qualified investors may contact the Company directly for further information on the private placement opportunity.

Insiders of the Company are taking 40% of the offering.

Options Granted
The Company also announces the grant of 3,000,000 incentive stock options to consultants, employees, officers and directors of the Company. The Options are exercisable at $0.10 per share for a period of ten years.

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.