Successful LP Fault Extension And Infill Drilling

VANCOUVER - Great Bear Resources Ltd. reported results from its ongoing fully funded $45 million 2021 exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario.

Chris Taylor, President and CEO of Great Bear said, "Predictability is a trait that builds first-class mineral deposits, distinguishing the 'best of the best'.  With every week that goes by, we successfully expand and fill in the LP Fault zone precisely because of its impressive, predictable continuity.  In four months so far in 2021, we've already extended the area of drill-defined continuous gold mineralization at the LP Fault by approximately 25%.  At the scale of the LP Fault, this is an impressive achievement with few current exploration stage parallels."

With the 13 drill holes the Company has released 283 LP Fault drill holes and anticipates at least 117 additional LP Fault drill holes will be completed by the end of 2021, for a total of at least 400 drill holes.

Highlights of Current Results: Drill holes reported in this release intersected the LP Fault zone from approximately 25 to 500 meters vertical depth along 1.7 kilometers of strike length; Drill holes were located a) below previous drilling, and b) within 75 to 100 meter previously undrilled gaps in the zone; Two drill holes are step-downs that extend gold mineralization by more than 100 meters below previous drilling on two drill sections, expanding the LP Fault zone to depth in these locations, BR-284, a 125 meter step-down, assayed 11.18 g/t gold over 6.75 meters from 524.20 to 530.95 meters downhole, and BR-291, a 139 meter step-down, assayed 1.00 g/t gold over 96.10 meters from 477.00 to 573.10 meters downhole. This included a high-grade core of 16.41 g/t gold over 2.40 meters from 485.00 to 487.40 meters downhole; Infill drilling within 75 – 100 meter previously undrilled gaps in the zone also continues to deliver high-grade and bulk-tonnage gold intercepts, BR-272 assayed 10.50 g/t gold over 13.10 meters from 313.20 to 326.30 meters downhole. A high-grade core assaying 33.35 g/t gold over 3.70 meters was present from 313.20 to 316.90 meters downhole, BR-247 assayed 16.50 g/t gold over 6.25 meters from 365.00 to 371.25 meters downhole. This included a high-grade core of 169.00 g/t gold over 0.50 meters from 369.50 to 370.00 meters downhole. Results continue to demonstrate excellent continuity of high-grade and bulk-tonnage gold mineralization.  The LP Fault zone remains open to extension in all directions.