Final Months Of Maiden Resource Estimation Drilling Of LP Fault Zone

VANCOUVER - Great Bear Resources Ltd., President and CEO, Chris Taylor, reported, "We are now entering the final months of near-surface maiden mineral resource estimation drilling of the central LP Fault zone at the flagship Dixie Project in the Red Lake district of Ontario, and are modeling 17 distinct high-grade gold domains within the broader LP Fault gold mineralized system.  For the first time, we provide a detailed long section of the upper portion of one of these high-grade domains, a summary of all drill results within that long section, and detailed maps of the high-grade domains within the broader LP Fault gold system."

Highlights of Current Results: New drill holes intersected the LP Fault zone from approximately 20 to 500 meters vertical depth along 2.2 kilometers of strike length; Drill holes were located a) above previous drilling, in order to extend gold mineralization towards surface, and b) within 75 to 100 meter previously undrilled gaps in the zone; Two drill holes are step-ups that extend gold mineralization by more than 75 meters above previous drilling to the near-surface: BR-298 assayed 22.79 g/t gold over 4.80 meters from 58.30 to 63.10 meters downhole, within a broader mineralized interval assaying 3.32 g/t gold over 43.80 meters from 29.70 to 73.50 meters downhole; BR-299 assayed 13.27 g/t gold over 2.35 meters from 34.90 to 37.25 meters downhole, and 4.12 g/t gold over 10.35 meters from 53.90 to 64.25 meters downhole; and The total mineralized interval was 2.30 g/t gold over 39.30 meters from 32.20 meters to 71.50 meters downhole; New bulk-tonnage type intercepts include: 3.07 g/t gold over 35.60 meters from 117.00 to 152.60 meters downhole in drill hole BR-320; 1.11 g/t gold over 91.60 meters from 349.50 to 441.10 meters downhole in drill hole BR-285; 1.00 g/t gold over 91.40 meters from 473.60 to 565.00 meters downhole in drill hole BR-286 Drill holes with multiple intervals of gold mineralization including both high-grade and bulk tonnage type results include: BR-276 which assayed 25.57 g/t gold over 2.50 meters from 233.50 to 236.00 meters downhole, and 4.10 g/t gold over 23.85 meters from 462.25 to 486.10 meters downhole, including a high-grade core of 68.40 g/t gold over 0.95 meters from 485.15 to 486.10 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. The 17 high-grade domains are structurally and geologically distinctive from the surrounding lower grade, bulk tonnage style gold mineralization.  Together, they span a strike length of 4.2 kilometers and occur within eight larger stratigraphically controlled lower grade domains.  They are characterized by high degrees of strain and/or transposed quartz vein zones following two distinct structural fabrics and  transition from upper greenschist to lower amphibolite facies metamorphism.  Gold in the high-grade domains is generally observed as free gold, is often transposed into, and overgrows the dominant structural fabrics, and is higher-grade on average than the surrounding bulk tonnage gold zones.

Domain BR7, presented in this news release, has a surface strike length of 620 meters and has been drilled to a depth of 500 meters (where it remains open to extension).   BR7 is a high strain zone hosted within strongly altered (albite, biotite, +/- quartz veined) felsic volcanic rocks and occurs oblique to the dominant geological contacts.  It has an average strike orientation of 270 degrees and dips 74 degrees to the north.

Drilling is planned to intersect the various high-grade domains at 40 – 50 meter spacing.  Figure 1 demonstrates how drilling is nearing completion within the upper portions of domain "BR7", with few drill holes now required to provide the desired drill density for upcoming maiden resource estimation.  Drilling is also nearing completion in the near-surface portions of all 17 high-grade domains along more than 4 kilometers of strike length of the central LP Fault.  This drilling is expected to be completed from surface to an average of approximately 400 meters depth by year end.