BCY Announces Proposed Share Consolidation

BCY RESOURCES INC.

FOR IMMEDIATE RELEASE

Contact: Investor Relations Wednesday, May 12, 2010 Phone (604) 684-2181 (No.10-05-01) [email protected]

BCY Announces Proposed Share Consolidation

Vancouver, British Columbia, Canada – Wednesday, May 12, 2010 – BCY Resources Inc. (TSX

Venture Exchange: BCY) announces that it is proposing a consolidation of its issued and outstanding common shares on the basis of one (1) new common share for up to five (5) common shares currently issued and outstanding (the “Share Consolidation”). The actual ratio of consolidation will be determined by the directors in due course.

The Company will also be asking shareholders to authorize the Company to continue into British Columbia under the Business Corporation Act.

The Share Consolidation and the authorizing of the Company to continue into British Columbia are being proposed to shareholders at the upcoming annual general and special meeting on June 3, 2010.

ON BEHALF OF THE BOARD OF DIRECTORS

“Peeyush Varshney”

Peeyush Varshney, LL.B.

President and CEO

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

Suite 1304-925 West Georgia St., Vancouver, BC Canada V6C 3L2 Phone (604) 684-2181 Fax (604) 682-4768

PDF created with pdfFactory Pro trial version www.pdffactory.com