BCY appoints Marco Strub to Board of Directors

BCY RESOURCES INC.

FOR IMMEDIATE RELEASE

Contact: Investor Relations Thursday, March 3, 2011 Phone (604) 684-2181 (No.2011-03-03)

BCY appoints Marco Strub to Board of Directors

Vancouver, British Columbia, Canada – March 3, 2011 – BCY Resources Inc. (TSX Venture Exchange: BCY) is pleased to announce that Marco Strub has been appointed to its Board of Directors.

Mr. Strub was a partner of Exulta AG, a portfolio management company, from 1997 to 2003 and is currently a Principal of Sircon AG, a consulting and investment research company based in Zurich, Switzerland. Mr. Strub is director of various private companies. He is also currently a director of Canada Zinc Metals Corp. and Open Gold Corp., both are public companies listed on the TSX Venture Exchange (“Exchange”).

Consolidation & Name Change Update

The Company has submitted its filings to the Exchange to consolidate its share capital on the basis of four (4) old shares for 1 (one) new share and its name change to Mexigold Corp. and new trading symbol “MAU”. The Company will issue a news release once the Exchange approval has been received.

On behalf of the Board of Directors

BCY Resources Inc.

“Peeyush K. Varshney”

Peeyush K. Varshney, LL.B Director

Suite 2050 – 1055 West Georgia Street, PO Box 11121, Vancouver, BC V6E 3P3 Tel: (604) 684-2181 Fax: (604) 682-4768