Great Bear Announces Upsized Bought Deal Private Placement of Flow-Through Common Shares to C$8.2 Million

Vancouver, British Columbia, June 13, 2019 – Great Bear Resources Ltd. (TSXV:GBR) (“Great Bear” or the “Company”) is pleased to announce that in connection with its previously announced bought deal financing, the Company and a syndicate of underwriters led by Cormark Securities Inc. (“Cormark”) and including Canaccord Genuity Corp. (collectively, the “Underwriters”) have agreed to increase the size of the previously announced financing. The Company will now issue 1,500,000 common shares that qualify as “flow-through shares” of the Company for the purposes of the Income Tax Act (Canada) (“Flow-Through Common Shares”) at a price of $5.45 per Flow-Through Common Share, on a “bought deal” private placement basis, for aggregate gross proceeds to the Company of approximately C$8.2 million (the “Offering”). The Company has also granted the Underwriters an option to sell up to an additional 500,000 Flow-Through Common Shares at the offering price up to the closing date.

The proceeds from the Offering will be used to incur “Canadian exploration expenses” (within the meaning of the Income Tax Act (Canada)) related to Great Bear’s projects in Ontario. The Company will renounce these expenses to the purchasers with an effective date of no later than December 31, 2019.
The Offering is scheduled to close on or about July 3, 2019 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange.

Chris Taylor, President and CEO of Great Bear said, “Interest in this placement from top tier investors whom we are pleased to include as shareholders has exceeded our capacity to accommodate within the terms announced on Wednesday. We are therefore pleased to announce expansion of the placement, and know that we will benefit from the added flexibility this additional funding will provide at the exploration level at Dixie.”

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Great Bear

Great Bear Resources Ltd. (TSX-V: GBR) is a well financed company based in Vancouver, Canada, managed by a team with a track record of success in the mineral exploration sector. Great Bear holds a 100% interest, royalty free, in its flagship Dixie property, which is road accessible year-round via Highway 105, a 15 minute drive from downtown Red Lake, Ontario. The Red Lake mining district is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Newmont Goldcorp Corp., plus modern infrastructure and a skilled workforce. Gold production from the Red Lake district does not necessarily reflect the mineralization that may, or may not be, hosted on the Company’s Dixie property. The Dixie property covers a drill and geophysically defined multi-kilometre gold mineralized structure similar to that associated with other producing gold mines in the district. In addition, Great Bear is also earning a 100% royalty-free interest in the Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology elsewhere in the Red Lake district. All of Great Bear’s Red Lake projects are accessible year-round through existing roads.

For further information please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.

ON BEHALF OF THE BOARD
“Chris Taylor”
Chris Taylor, President and CEO
Inquiries:
Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca

Forward-Looking Information
This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Great Bear Announces C$5.5 Million Bought Deal Private Placement of Flow-Through Common Shares and Expansion of Drill Program to 90,000 m

Vancouver, British Columbia, June 12, 2019 – Great Bear Resources Ltd. (TSXV:GBR) (“Great Bear” or the “Company”) is pleased to announce that it has entered into an agreement with Cormark Securities Inc. (“Cormark”) to act as lead underwriter of a syndicate of underwriters that includes Canaccord Genuity Corp. (collectively, the “Underwriters”), pursuant to which the Underwriters shall purchase 1,000,000 common shares that qualify as “flow-through shares” of the Company for the purposes of the Income Tax Act (Canada) (“Flow-Through Common Shares”) at a price of $5.45 per Flow-Through Common Share, on a “bought deal” private placement basis, for aggregate gross proceeds to the Company of approximately C$5.45 million (the “Offering”). The Company has also granted the Underwriters an option to sell up to an additional 150,000 Flow-Through Common Shares at the offering price up to the Closing Date.

The proceeds from the Offering will be used to incur “Canadian exploration expenses” (within the meaning of the Income Tax Act (Canada)) related to Great Bear’s projects in Ontario. The Company will renounce these expenses to the purchasers with an effective date of no later than December 31, 2019.

The Offering is scheduled to close on or about July 3, 2019 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange.

Chris Taylor, President and CEO of Great Bear said, “By raising an additional $5.5 million, we will have over $15 million in cash on hand and will have funded the expansion of our ongoing drill program by an additional 30,000 metres, for a new total of 90,000 metres of drilling. Coupled with the potential for an additional $7.8 million from warrant exercise, Great Bear will remain very well funded with the flexibility to significantly expand and extend our drilling as required. We are strongly positioned to benefit from one of our industry’s most significant exploration drill campaigns through 2019 and 2020.”

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Great Bear

Great Bear Resources Ltd. (TSX-V: GBR) is a well financed company based in Vancouver, Canada, managed by a team with a track record of success in the mineral exploration sector. Great Bear holds a 100% interest, royalty free, in its flagship Dixie property, which is road accessible year-round via Highway 105, a 15 minute drive from downtown Red Lake, Ontario. The Red Lake mining district is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Newmont Goldcorp Corp., plus modern infrastructure and a skilled workforce. Gold production from the Red Lake district does not necessarily reflect the mineralization that may, or may not be, hosted on the Company’s Dixie property. The Dixie property covers a drill and geophysically defined multi-kilometre gold mineralized structure similar to that associated with other producing gold mines in the district. In addition, Great Bear is also earning a 100% royalty-free interest in the Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology elsewhere in the Red Lake district. All of Great Bear’s Red Lake projects are accessible year-round through existing roads.

For further information please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.

ON BEHALF OF THE BOARD

“Chris Taylor”

Chris Taylor, President and CEO

Inquiries:

Tel: 604-646-8354

Fax: 604-646-4526

Forward-Looking Information

This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Great Bear Mobilizes Third Drill Rig to Bear-Rimini Discovery at Dixie

June 11, 2019 – Vancouver, British Columbia, Canada – Great Bear Resources Ltd. (the “Company” or “Great Bear”, TSX-V: GBR) today reported mobilization of a third drill rig to its 100% owned Dixie Project in the Red Lake District of Ontario, as part of its ongoing fully-funded 60,000 metre drill program.

The third drill will target the new Bear-Rimini Zone and the “LP Fault”, which is the 18 kilometre long structural target that is adjacent to, and partially hosts, the discovery as shown on Figure 1. Drilling is expected to begin at the Bear-Rimini Zone using the third drill rig within a few days.

The Bear-Rimini discovery consists of multiple zones of shallow high-grade gold mineralization in drill hole DNW-011. Highlight intervals include 14.00 metres of 12.33 g/t gold including 4.60 metres of 30.90 g/t gold, and 2.00 metres of 194.21 g/t gold including 0.50 metres of 759.38 g/t gold (see Great Bear news release of May 28th, 2019). The high-grade gold intervals were intersected at less that 100 metres vertical depth in the footwall of the LP Fault. Mineralization within the fault zone itself returned a separate interval of 50.60 metres of 0.74 g/t gold. 15 additional historical drill holes have also cut the LP Fault along 2.5 kilometres of strike length and intercepted similar lower-grade mineralization to that observed within the fault in DNW-011.

Chris Taylor, President and CEO of Great Bear said, “Approximately 30,000 metres of our fully-funded 60,000 metre drill program remain to be drilled this year. Two drill rigs are currently on site at Dixie and will continue to drill the Hinge and Dixie Limb Zones. The third drill rig is expected to be dedicated to ongoing drilling of the Bear-Rimini Zone and LP Fault. The Company will continue to systematically and rapidly explore the high-grade gold zones discovered to date, plus several additional high priority targets that have also been identified across the property.”

About Great Bear

Great Bear Resources Ltd. (TSX-V: GBR)
is a well financed company based in Vancouver, Canada, managed by a team with a track record of success in the mineral exploration sector. Great Bear holds a 100% interest, royalty free, in its flagship Dixie property, which is road accessible year-round via Highway 105, a 15 minute drive from downtown Red Lake, Ontario. The Red Lake mining district is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Newmont Goldcorp Corp., plus modern infrastructure and a skilled workforce. Gold production from the Red Lake district does not necessarily reflect the mineralization that may, or may not be, hosted on the Company’s Dixie property. The Dixie property covers a drill and geophysically defined multi-kilometre gold mineralized structure similar to that associated with other producing gold mines in the district. In addition, Great Bear is also earning a 100% royalty-free interest in the Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology elsewhere in the Red Lake district. All of Great Bear’s Red Lake projects are accessible year-round through existing roads.

Figure 1: Map of the Dixie project showing the location of known gold zones (DHZ, DL, DNW and DNE) and current drill results. The location of the LP Fault drilled in DNW-011 is shown in red dashes. The Bear-Rimini Zone is labelled “BR”.

Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.

For further information please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.

ON BEHALF OF THE BOARD

“Chris Taylor”

Chris Taylor, President and CEO

Inquiries:

Tel: 604-646-8354

Fax: 604-646-4526

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.

We seek safe harbor

Great Bear Drills New High-Grade Gold Discovery at Dixie: 12.33 g/t Gold Over 14.00 m Including 30.90 g/t Gold Over 4.60 m; 194.21 g/t Gold Over 2.00 m Including 759.38 g/t Gold Over 0.50 m Multiple Shallow Gold Zones at New “Bear-Rimini” Target

May 28, 2019 – Vancouver, British Columbia, Canada – Great Bear Resources Ltd. (the “Company” or “Great Bear”, TSX-V: GBR) today reported a significant new high-grade gold discovery, the “Bear-Rimini Zone”, at its 100% owned Dixie Project in the Red Lake District of Ontario. Highlighted assay results from discovery drill hole DNW-011 are provided in Table 1.

Table 1: Highlighted results from discovery drill hole DNW-011 into the Bear-Rimini Zone.

Drill Hole

From
(m)

To
(m)

Width*
(m)

Width
(ft)

Gold
(g/t)

Gold
(oz/t)

Vertical
Depth
(m)

DNW-011

58.00

60.00

2.00

6.56

194.21

6.24

53

including

58.00

58.50

0.50

1.64

759.38

24.42

58.50

60.00

1.50

4.92

5.81

0.19

and

75.00

89.00

14.00

45.93

12.33

0.40

71

75.95

76.45

0.50

1.64

19.33

0.62

including

75.95

80.55

4.60

15.09

30.90

0.99

and including

78.45

80.55

2.10

6.89

60.27

1.94

and including

78.45

79.55

1.10

3.61

98.78

3.18

and including

78.95

79.55

0.60

1.97

130.97

4.21

and including

80.55

88.00

7.45

24.44

0.23

0.01

and including

88.00

89.00

1.00

3.28

27.15

0.87

81

and

119.00

169.60

50.60

166.01

0.74

0.02

108

*All widths are drill indicated core length as insufficient drilling has been completed to determine true width at this time.
Highlights of Great Bear’s most recent discovery include:

  • The Bear-Rimini Zone is located 2.5 kilometres northwest of the Hinge Zone.
  • The new discovery is hosted by a new exploration target, the “LP Fault”, and adjacent lithologies. Airborne geophysics completed by Great Bear shows the LP Fault and a parallel structure, the “North Fault”, are interpreted to transect the property for 18 kilometres of strike length as shown on Figure 1.
  • DNW-011 intersected intervals of gold mineralization across 110 metres of core length and were strongest in a coarse quartz crystal lapilli tuff unit in the northern footwall of the fault. This is the first drill hole in the project’s history to target this tuff unit. Complete assays from DNW-011 are provided in Table 2 at the end of this release.
  • The LP Fault is interpreted as a major gold mineralization control and hydrothermal fluid conduit during Archean age gold mineralization. The generally 1 kilometre wide area between the LP and North Faults may represent a significant structural dilation zone where gold rich hydrothermal fluids accumulated.
  • The LP Fault has a projected depth of 14 kilometres, extending to base of the continental crust/upper mantle as defined by the Lithoprobe Survey of the Red Lake district, as shown on Figure 2. A similar deep-seated structural feature was interpreted by the Survey to be spatially and genetically associated with the majority of gold mineralization along the main Red Lake mine trend (Zeng and Calvert, 2006) where over 30,000,000 ounces of gold have been produced.
  • The LP Fault parallels highway 105, the main access corridor to Red Lake and is 1 to 3 kilometres from a powerline and paved road, and it is a 30 minute drive from the main Red Lake gold mine operated by Newmont Goldcorp Corp.

Figure 1: Map of the Dixie project showing the location of known gold zones (DHZ, DL, DNW and DNE) and current drill results. The location of the LP Fault drilled in DNW-011 is shown in red dashes. The Bear-Rimini Zone is labelled “BR”.

Chris Taylor, President and CEO of Great Bear said, “After recognizing a significant hydrothermal alteration zone in our previous round of regional drilling, we tested and discovered, in our first hole, a new zone of shallow high-grade gold associated with silicification of host rocks related to a crustal-scale structure we call the LP Fault. The fault marks a contact between mafic and felsic/intermediate rocks and is spatially associated with an 80 to 200 metre wide quartz sericite zone associated with highly anomalous to high-grade gold mineralization. We interpret the LP Fault to transect the property for approximately 18 kilometres of strike length. The new Bear-Rimini Zone joins the Hinge Zone as a significant new gold discovery and will be an additional focus of drilling through the remainder of 2019.”

Figure 2: Lithoprobe 3D time travel tomography cross sectional interpretation showing two major crustal-scale structures in the Red Lake district, modified from Zeng and Calvert, 2006. The structure on the right is associated with the main mine trend including Newmont Goldcorp Corp.’s Red Lake Gold Mine. The structure on the left is the LP Fault at Great Bear’s Dixie project.

The Bear-Rimini Zone High-Grade Gold Discovery

  • The shallowest current gold intercept in DNW-011 is only 53 metres vertically from surface; 759.38 g/t gold over 0.5 metres.
  • A finer-scale map showing the location of the Bear-Rimini Zone, other gold zones and significant nearby drill intercepts into the LP Fault, with the location of the cross-section provided in this news release is provided in Figure 3.
  • A cross section through the LP Fault and adjacent lithologies is shown on Figure 4.
  • Gold in DNW-011 occurs as coarse to fine disseminations with minor accompanying sulphides as shown on Figure 5.
  • DNW-011 was drilled from north to south across the quartz sericite zone Great Bear had previously intersected in hole DNW-008 (see news release of May 7, 2019; 34.6 metres of 0.55 g/t gold) and the LP Fault, and intersected two different zones of gold mineralization, which are distinguished by host rock type and proximity to the primary deformation zone within the LP Fault:
    1. High-grade gold is hosted by strained coarse quartz crystal lapilli tuff units affected by pervasive silica alteration (the “Silicified Zone”) to the north of the LP Fault.
    1. Anomalous to moderate gold grades are hosted by a “Quartz-Sericite Zone” within and immediately adjacent to the LP Fault, in significantly strained fine quartz crystal tuffs and fine-grained intermediate tuffs.

Figure 3: Close-in view of the LP Fault and Bear-Rimini discovery, showing highlighted drill holes completed across 2.5 kilometres of strike length into the Quartz-Sericite zone. The adjacent Silicified Zone which hosts high-grade gold in DNW-011 is shown extrapolated along strike. A – A’ marks the location of the cross section in Figure 4.

Strike Potential of the Bear-Rimini Zone

  • A total of 15 drill holes completed by previous explorers and Great Bear have intersected the Quartz-Sericite Zone along 2.5 kilometres of strike length of the LP Fault. All 15 (100%) of these drill holes encountered anomalous to moderate gold grades matching those observed in the Quartz-Sericite Zone in DNW-011 and DNW-008. Highlighted results are provided in Figure 3.
  • These historical drill holes are interpreted to have been drilled south of the Silicified Zone intersected by DNW-011 and stayed entirely within the Quartz-Sericite Zone. The DNE holes drilled closest to the projected Silicified Zone (i.e. furthest north) had higher gold grades, including visible gold in drill core. Up to 80% of the total core length of some historical drill holes were never split and assayed by past explorers.  Great Bear is currently re-logging and assaying unsampled mineralized intervals of core from all available historical drill holes from the area.
  • While the LP Fault has 18 kilometres of interpreted strike length, the number of mineralized zones that may be hosted by the fault and adjacent units is not yet known, and the structural corridor is not necessarily mineralized along its entire length.

Figure 4: Cross section through Bear-Rimini discovery showing DNW-011, the LP Fault (dashed line) and adjacent lithologies, alteration zones and drill holes.

Figure 5: Images of coarse disseminated gold from drill hole DNW-011. Host rock is quartz crystal lapilli tuff in the footwall of the LP Fault. Images from the Silicified Zone. Mineralization depicted in these photos is from two selective intervals and is not necessarily indicative of mineralization on the property.

A three-dimensional representation of Great Bear’s model of gold mineralization at the Bear-Rimini discovery as it relates to the 18 kilometre strike length of the LP Fault and other gold zones is provided in Figure 6.

The Company continues to undertake a fully funded, 60,000 metre drill program that is expected to continue through 2019. In order to accelerate the program, a second drill rig was added in early 2019, and a third drill rig is expected in the near future. Approximately 40,000 metres of drilling remain in the current program.

About Great Bear

Great Bear Resources Ltd. (TSX-V: GBR) is a well financed company based in Vancouver, Canada, managed by a team with a track record of success in the mineral exploration sector. Great Bear holds a 100% interest, royalty free, in its flagship Dixie property, which is road accessible year-round via Highway 105, a 15 minute drive from downtown Red Lake, Ontario. The Red Lake mining district is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Goldcorp Inc., plus modern infrastructure and a skilled workforce. Production from the Red Lake district does not necessarily reflect the mineralization that may, or may not be hosted on the Company’s Dixie property. The Dixie property covers a drill and geophysically defined multi kilometre gold mineralized structure similar to that associated with other producing gold mines in the district. In addition, Great Bear is also earning a 100% royalty-free interest in the Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology. All of Great Bear’s Red Lake projects are accessible year-round through existing roads.

Figure 6: Three-dimension model of the LP Fault, showing its interpreted importance during Archean age gold mineralization and various gold zones at the Dixie project. The outline of the block model corresponds to the outline of the Dixie property claims. Bear-Rimini Zone labeled “BR”.

Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario. Core samples from the program are cut in half, using a diamond cutting saw, and are sent to SGS Canada Inc. in Red Lake, Ontario, and Activation Laboratories in Ancaster Ontario, both of which are accredited mineral analysis laboratories, for analysis. All samples are analysed for gold using standard Fire Assay-AA techniques. Samples returning over 3.0 g/t gold are analysed utilizing standard Fire Assay-Gravimetric methods. Selected samples with visible gold are also analyzed with a standard 1 kg metallic screen fire assay. Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Great Bear’s quality control/quality assurance program (QAQC). No QAQC issues were noted with the results reported herein.

Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.

For further information please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.

ON BEHALF OF THE BOARD

“Chris Taylor”

Chris Taylor, President and CEO

Inquiries:
Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca

Drill Hole

From (m)

To (m)

Lithology

Gold (g/t)

DNW-011

12

13

Felsic Lapilli Tuff

0.059

DNW-011

13

14

Felsic Lapilli Tuff

0.043

DNW-011

14

14.9

Felsic Lapilli Tuff

0.165

DNW-011

14.9

15.4

Mafic Dyke

0.022

DNW-011

15.4

16.4

Felsic Lapilli Tuff

0.475

DNW-011

16.4

17.4

Felsic Lapilli Tuff

0.069

DNW-011

17.4

18.4

Felsic Lapilli Tuff

0.017

DNW-011

18.4

19.4

Felsic Lapilli Tuff

0.006

DNW-011

19.4

20.4

Felsic Lapilli Tuff

0.01

DNW-011

20.4

20.9

Felsic Lapilli Tuff

0.451

DNW-011

20.9

21.9

Felsic Lapilli Tuff

0.005

DNW-011

21.9

22.9

Felsic Lapilli Tuff

0.017

DNW-011

22.9

24

Felsic Lapilli Tuff

0.002

DNW-011

24

25

Felsic Lapilli Tuff

0.002

DNW-011

25

26

Felsic Lapilli Tuff

0.043

DNW-011

26

27

Felsic Lapilli Tuff

0.002

DNW-011

27

28

Felsic Lapilli Tuff

0.023

DNW-011

28

29

Felsic Lapilli Tuff

0.067

DNW-011

29

30

Felsic Lapilli Tuff

0.074

DNW-011

30

30.5

Felsic Lapilli Tuff

1.013

DNW-011

30.5

31

Felsic Lapilli Tuff

0.083

DNW-011

31

32

Felsic Lapilli Tuff

0.156

DNW-011

32

33

Felsic Lapilli Tuff

0.069

DNW-011

33

34

Felsic Lapilli Tuff

0.028

DNW-011

34

35

Felsic Lapilli Tuff

0.032

DNW-011

35

36

Felsic Lapilli Tuff

0.025

DNW-011

36

37

Felsic Lapilli Tuff

0.055

DNW-011

37

37.8

Felsic Lapilli Tuff

0.023

DNW-011

37.8

38.45

Felsic Lapilli Tuff

0.007

DNW-011

38.45

39

Felsic Lapilli Tuff

0.012

DNW-011

39

39.5

Felsic Lapilli Tuff

0.016

DNW-011

39.5

40

Felsic Lapilli Tuff

0.013

DNW-011

40

40.5

Felsic Lapilli Tuff

0.138

DNW-011

40.5

41

Felsic Lapilli Tuff

0.008

DNW-011

41

42

Mafic Dyke

0.012

DNW-011

42

43

Felsic Lapilli Tuff

0.042

DNW-011

43

44

Felsic Lapilli Tuff

0.282

DNW-011

44

45

Felsic Lapilli Tuff

0.148

DNW-011

45

46

Felsic Lapilli Tuff

0.027

DNW-011

46

47

Felsic Lapilli Tuff

0.014

DNW-011

47

48

Felsic Lapilli Tuff

0.121

DNW-011

48

49

Felsic Lapilli Tuff

0.023

DNW-011

49

50

Felsic Lapilli Tuff

0.046

DNW-011

50

51

Felsic Lapilli Tuff

0.039

DNW-011

51

52

Mafic Dyke

0.05

DNW-011

52

53

Mafic Dyke

0.002

DNW-011

53

54

Mafic Dyke

0.006

DNW-011

54

55

Mafic Dyke

0.013

DNW-011

55

55.5

Mafic Dyke

0.38

DNW-011

55.5

56.5

Felsic Lapilli Tuff

0.015

DNW-011

56.5

57

Felsic Lapilli Tuff

0.016

DNW-011

57

57.5

Felsic Lapilli Tuff

0.022

DNW-011

57.5

58

Felsic Lapilli Tuff

0.128

DNW-011

58

58.5

Felsic Lapilli Tuff

759.38

DNW-011

58.5

59

Felsic Lapilli Tuff

2.247

DNW-011

59

60

Felsic Lapilli Tuff

7.598

DNW-011

60

60.5

Felsic Lapilli Tuff

0.027

DNW-011

60.5

61

Felsic Lapilli Tuff

0.061

DNW-011

61

62

Felsic Lapilli Tuff

0.246

DNW-011

62

63

Felsic Lapilli Tuff

0.054

DNW-011

63

63.5

Felsic Lapilli Tuff

0.098

DNW-011

63.5

64

Felsic Lapilli Tuff

0.013

DNW-011

64

65

Felsic Lapilli Tuff

0.022

DNW-011

65

65.5

Felsic Lapilli Tuff

0.03

DNW-011

65.5

66

Felsic Lapilli Tuff

0.002

DNW-011

66

67

Quartz Vein

0.033

DNW-011

67

68

Felsic Lapilli Tuff

0.002

DNW-011

68

68.5

Felsic Lapilli Tuff

0.024

DNW-011

68.5

69

Felsic Lapilli Tuff

0.009

DNW-011

69

69.5

Felsic Lapilli Tuff

0.012

DNW-011

69.5

70.5

Felsic Lapilli Tuff

0.023

DNW-011

70.5

71.5

Felsic Lapilli Tuff

0.027

DNW-011

71.5

72.5

Felsic Lapilli Tuff

0.029

DNW-011

72.5

73.5

Felsic Lapilli Tuff

0.679

DNW-011

73.5

74

Felsic Lapilli Tuff

0.084

DNW-011

74

74.5

Felsic Lapilli Tuff

0.073

DNW-011

74.5

75

Felsic Lapilli Tuff

0.085

DNW-011

75

75.95

Felsic Lapilli Tuff

1.702

DNW-011

75.95

76.45

Felsic Lapilli Tuff

19.33

DNW-011

76.45

76.95

Felsic Lapilli Tuff

2.186

DNW-011

76.95

77.45

Felsic Lapilli Tuff

1.16

DNW-011

77.45

77.95

Felsic Lapilli Tuff

7.311

DNW-011

77.95

78.45

Felsic Lapilli Tuff

1.177

DNW-011

78.45

78.95

Felsic Lapilli Tuff

60.15

DNW-011

78.95

79.55

Felsic Lapilli Tuff

130.97

DNW-011

79.55

80.05

Felsic Lapilli Tuff

25.99

DNW-011

80.05

80.55

Quartz Vein

9.829

DNW-011

80.55

81.05

Felsic Lapilli Tuff

0.391

DNW-011

81.05

82

Felsic Lapilli Tuff

0.236

DNW-011

82

83

Felsic Lapilli Tuff

0.195

DNW-011

83

84

Felsic Lapilli Tuff

0.074

DNW-011

84

85

Felsic Lapilli Tuff

0.164

DNW-011

85

86

Felsic Lapilli Tuff

0.522

DNW-011

86

87

Felsic Lapilli Tuff

0.134

DNW-011

87

88

Felsic Lapilli Tuff

0.224

DNW-011

88

89

Felsic Lapilli Tuff

27.15

DNW-011

89

90

Felsic Lapilli Tuff

0.075

DNW-011

90

91

Felsic Lapilli Tuff

0.048

DNW-011

91

92

Felsic Lapilli Tuff

0.02

DNW-011

92

93

Felsic Lapilli Tuff

0.249

DNW-011

93

94

Felsic Lapilli Tuff

0.024

DNW-011

94

95

Felsic Lapilli Tuff

0.035

DNW-011

95

96

Felsic Lapilli Tuff

0.036

DNW-011

96

97

Felsic Lapilli Tuff

0.054

DNW-011

97

98

Felsic Lapilli Tuff

0.04

DNW-011

98

98.8

Felsic Lapilli Tuff

0.162

DNW-011

98.8

99.3

Felsic Lapilli Tuff

0.009

DNW-011

99.3

100.3

Felsic Lapilli Tuff

0.137

DNW-011

100.3

101.3

Felsic Lapilli Tuff

0.18

DNW-011

101.3

102

Felsic Lapilli Tuff

0.068

DNW-011

102

103

Felsic Lapilli Tuff

0.126

DNW-011

103

104

Felsic Lapilli Tuff

0.207

DNW-011

104

105

Felsic Lapilli Tuff

0.199

DNW-011

105

105.9

Felsic Lapilli Tuff

0.126

DNW-011

105.9

107.2

Mafic Dyke

0.734

DNW-011

107.2

107.7

Mafic Dyke

0.069

DNW-011

107.7

108.2

Quartz Vein

0.036

DNW-011

108.2

108.7

Quartz Vein

0.006

DNW-011

108.7

109.2

Quartz Vein

0.028

DNW-011

109.2

109.7

Quartz Vein

0.066

DNW-011

109.7

110.2

Quartz Vein

1.746

DNW-011

110.2

111

Quartz Vein

0.329

DNW-011

111

111.95

Felsic Lapilli Tuff

0.679

DNW-011

111.95

112.25

Intermediate Tuff

0.087

DNW-011

112.25

112.8

Felsic Lapilli Tuff

0.027

DNW-011

112.8

114

intermediate tuff

0.417

DNW-011

114

115

intermediate tuff

0.375

DNW-011

115

116.1

intermediate tuff

0.183

DNW-011

116.1

117

intermediate tuff

0.024

DNW-011

117

118

Felsic Lapilli Tuff

0.018

DNW-011

118

119

Felsic Lapilli Tuff

0.076

DNW-011

119

120

Felsic Lapilli Tuff

0.521

DNW-011

120

121

Felsic Lapilli Tuff

0.189

DNW-011

121

122

Felsic Lapilli Tuff

0.913

DNW-011

122

123

Felsic Lapilli Tuff

0.042

DNW-011

123

124

Felsic Lapilli Tuff

0.106

DNW-011

124

125

Felsic Lapilli Tuff

0.054

DNW-011

125

126

Felsic Lapilli Tuff

0.027

DNW-011

126

127

Felsic Lapilli Tuff

0.149

DNW-011

127

127.95

Felsic Lapilli Tuff

0.135

DNW-011

127.95

129

Mafic Tuff

1.239

DNW-011

129

130

Mafic Tuff

2.959

DNW-011

130

131

Mafic Tuff

1.042

DNW-011

131

132

Mafic Tuff

0.601

DNW-011

132

133

Mafic Tuff

0.564

DNW-011

133

134.05

Mafic Tuff

0.871

DNW-011

134.05

134.65

Mafic Tuff

2.136

DNW-011

134.65

135.65

Intermediate Tuff

0.524

DNW-011

135.65

136.85

Intermediate Tuff

2.658

DNW-011

136.85

138

Intermediate Tuff

1.179

DNW-011

138

139

Felsic Tuff

0.622

DNW-011

139

139.75

Felsic Tuff

0.745

DNW-011

139.75

140.25

Felsic Tuff

2.833

DNW-011

140.25

140.75

Felsic Tuff

0.371

DNW-011

140.75

141.25

Felsic Tuff

1.222

DNW-011

141.25

141.75

Felsic Tuff

2.115

DNW-011

141.75

142.25

Felsic Tuff

1.644

DNW-011

142.25

142.75

Felsic Tuff

0.453

DNW-011

142.75

143.25

Felsic Lapilli Tuff

0.904

DNW-011

143.25

144.1

Felsic Lapilli Tuff

0.924

DNW-011

144.1

145

Felsic Lapilli Tuff

0.349

DNW-011

145

146

Felsic Tuff

0.154

DNW-011

146

147

Felsic Tuff

0.295

DNW-011

147

147.85

Felsic Tuff

0.135

DNW-011

147.85

148.15

Felsic Lapilli Tuff

0.055

DNW-011

148.15

149.65

Felsic Lapilli Tuff

0.049

DNW-011

149.65

150.15

Felsic Lapilli Tuff

0.002

DNW-011

150.15

151

Felsic Lapilli Tuff

0.214

DNW-011

151

152.25

Felsic Tuff

0.196

DNW-011

152.25

153

Felsic Lapilli Tuff

0.214

DNW-011

153

154

Felsic Lapilli Tuff

0.456

DNW-011

154

155

Felsic Tuff

2.454

DNW-011

155

156

Felsic Tuff

0.33

DNW-011

156

156.65

Felsic Tuff

0.237

DNW-011

156.65

157.65

Felsic Lapilli Tuff

1.911

DNW-011

157.65

158.65

Felsic Lapilli Tuff

0.365

DNW-011

158.65

159.65

Felsic Lapilli Tuff

0.597

DNW-011

159.65

160.65

Felsic Lapilli Tuff

2.042

DNW-011

160.65

161.5

Felsic Lapilli Tuff

0.266

DNW-011

161.5

162.5

Felsic Lapilli Tuff

0.123

DNW-011

162.5

163.5

Felsic Tuff

0.04

DNW-011

163.5

164.5

Felsic Tuff

0.053

DNW-011

164.5

165.65

Felsic Tuff

0.181

DNW-011

165.65

166.15

Felsic Lapilli Tuff

0.061

DNW-011

166.15

167

Felsic Lapilli Tuff

0.268

DNW-011

167

168

Felsic Tuff

0.155

DNW-011

168

168.6

Mafic Dyke

6.391

DNW-011

168.6

169.6

Felsic Tuff

0.141

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.

We seek safe harbor.

Great Bear to Host a Webinar on Wednesday May 29th @ 8:00am PDT/11:00am EDT to Provide Update on Dixie Drill Program

May 21, 2019 – Vancouver, British Columbia, Canada – Great Bear Resources (the “Company” or “Great Bear”, TSX-V: GBR) would like to invite interested shareholders to join Mr. Chris Taylor, President and CEO and Mr. R. Bob Singh, Vice President, Exploration for a webinar detailing recent progress in the Company’s ongoing fully-funded 60,000 metre drill program at it’s 100% owned Dixie property in the Red Lake district of Ontario.

The webinar will take place on Wednesday, May 29th at 8:00am PST/11:00am EST. Management will be available to answer questions following the presentation. Online registration and participation details may be found at the following link:

https://attendee.gotowebinar.com/register/2772753219913889281?source=GBR

For those unable to participate, a recording of the webinar will be posted to the Company’s web site following the live broadcast.
 

About Great Bear

The Dixie property is located approximately 15 minutes’ drive along Highway 105 from downtown Red Lake, Ontario. The Red Lake mining district has produced over 30,000,000 ounces of gold and is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Newmont Goldcorp Corp., plus modern infrastructure and a skilled workforce. The Dixie property covers a drill and geophysically defined multi-kilometre gold mineralized system similar to that hosting other producing gold mines in the district. Gold is frequently associated with high-grade veins that occur along major structural trends, including the axes of regional-scale folds, and in association with a deep-seated crustal structure that runs along the property for approximately 20 kilometres of strike length. In addition, Great Bear is also earning a 100% royalty-free interest in the Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology. All of Great Bear’s Red Lake projects are accessible year-round through existing roads.

Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.

For further information please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.

ON BEHALF OF THE BOARD

“Chris Taylor”

Chris Taylor, President and CEO

Inquiries:

Tel: 604-646-8354

Fax: 604-646-4526

info@greatbearresources.ca

www.greatbearresources.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements. We seek safe harbor

Great Bear Drills Deeper in the Hinge Zone – 28.37 g/t Gold Over 3.70 m Including 200 g/t Gold Over 0.5 m; New Gold Zones Drilled Across Property

May 7, 2019 – Vancouver, British Columbia, Canada – Great Bear Resources (the “Company” or “Great Bear”, TSX-V: GBR) today reported drill results from the Dixie Hinge Zone (“DHZ”) and other new gold zones at its 100% owned Dixie Project in the Red Lake District of Ontario. 

The Company recently completed 30 metre and 100 metre step-down drill holes along the projected plunge and dip of two high-grade gold trends within the DHZ.  Both hit identical styles of high-grade gold mineralization as above.  The Hinge Zone appears to have significant high-grade depth potential.

Hinge Zone drill results are provided in Table 1.  An updated DHZ long section is shown on Figure 1.  An updated cross section is provided in Figure 2.  Highlights of current DHZ drilling include:

  • Drill hole DHZ-039 intersected 3.70 metres of 28.37 g/t gold, including a very high grade interval of 0.5 metres of 200.25 g/t gold (1.64 feet of 6.44 oz/t). This is the deepest high grade intercept in the DHZ to date.
  • DHZ-039 is a 28 metre step-down along the down-plunge projection of the gold intercept in drill hole DHZ-029, which had returned 1.30 metres of 21.02 g/t gold as disclosed on March 21, 2019.
  • Drill hole DHZ-033 intercepted multiple high-grade gold-bearing veins.  Vein 1: 13.58 g/t gold over 3.10 metres, including 0.80 metres of 29.30 g/t gold.  Vein 2: 4.10 metres of 8.22 g/t gold, including 0.55 metres of 46.57 g/t gold.  Vein 3: 5.80 metres of 2.46 g/t gold, including 1.70 metres of 7.49 g/t gold.
  • Drill hole DL-043 was drilled across the adjacent Dixie Limb Zone and into the Hinge Zone approximately 100 metres down-dip of previous DHZ drilling.
  • DL-043 returned 1.50 metres of 11.65 g/t gold, including 0.50 metres of 34.07 g/t gold.
  • 32 of 51 drill holes (63%) completed by Great Bear within the DHZ to date have intersected intervals containing greater than 15 g/t gold.

Chris Taylor, President and CEO of Great Bear said, “With 28 metre and 100 metre step-downs continuing to hit high grade gold mineralization, the DHZ discovery yields something exceedingly rare in our industry: the more Great Bear drills it, the more compelling the target becomes.”

Table 1: Most recent drill results from Hinge Zone drilling.

Drill Hole   From
(m)
To
(m)
Width*
(m)
Gold
(g/t)
Vertical Depth
(m)
Vein
DHZ-032   161.90 162.95 1.05 25.39 146 1
DHZ-032 including 161.90 162.45 0.55 45.75    
DHZ-032 and including 167.80 170.55 2.75 3.47 152 2
DHZ-033   126.20 129.30 3.10 13.58 120 1
DHZ-033 including 126.20 128.80 2.60 15.43    
DHZ-033 and including 128.00 128.80 0.80 29.30    
DHZ-033 and 160.70 165.90 5.20 6.56 153 2
DHZ-033 including 161.80 165.90 4.10 8.22    
DHZ-033 and including 164.85 165.90 1.05 26.93    
DHZ-033 and including 164.85 165.40 0.55 46.57    
DHZ-033 and 186.20 192.00 5.80 2.46 177 3
DHZ-033 including 190.30 192.00 1.70 7.49    
DHZ-034   113.80 129.10 15.30 1.42 104 1
DHZ-034 including 116.60 117.10 0.50 5.51    
DHZ-034 and including 121.40 122.70 1.30 7.08    
DHZ-034 and 152.60 156.25 3.65 3.89 132 2
DHZ-034 including 153.15 156.25 3.10 4.30    
DHZ-034 and including 155.70 156.25 0.55 16.64    
DHZ-035   160.40 160.90 0.50 54.80 145 1
DHZ-035 and 207.50 208.50 1.00 2.32 187 2
DHZ-036   149.20 150.70 1.50 13.25 130 1
DHZ-036 including 150.20 150.70 0.50 39.39    
DHZ-036 and 188.00 190.00 2.00 6.95 162 2
DHZ-036 including 188.50 190.00 1.50 9.15    
DHZ-036 and including 189.00 189.50 0.50 24.83    
DHZ-037   145.60 147.00 1.40 4.99 134 1
DHZ-037 and 190.90 191.40 0.50 3.20 174 2
DHZ-038A   182.50 183.00 0.50 4.71 162 1
DHZ-038A and 203.00 207.00 4.00 2.76 182 2
DHZ-038A including 203.50 204.50 1.00 10.40    
DHZ-038A and 238.50 240.00 1.50 3.39 211 3
DHZ-039   272.70 276.40 3.70 28.37 247 1
DHZ-039 including 274.90 275.40 0.50 200.25    
DL-043   270.00 271.50 1.50 11.65 206 1
DL-043 including 270.00 271.10 1.10 15.83    
DL-043 and including 270.00 270.50 0.50 34.07    

* reported width is determined to be 90-95% of true width based on intersection points of the drill hole intercept with the geological model and oriented drill core data.

Figure 1: Composite long section through the DHZ (view to north) as drilled to-date showing currently reported drill results, and the location of recent step-out drilling.  New results are highlighted in yellow.

The Company continues to undertake a fully funded, 60,000 metre drill program that is expected to continue through 2019.  In order to accelerate the program, a second drill rig was added in early 2019, and a third drill rig is expected in the near future.  Approximately 40,000 metres of drilling remain in the current program.

Figure 2: Cross section through the DHZ (view to west) as drilled to-date, showing the approximately 100 metre wide corridor of multiple high-grade gold veins.  New results are highlighted in yellow.  The DL zone is also shown on the right of the image.

Additional Gold Results

The Company also reports test drilling in other areas of the project has returned new gold results, summarized in Table 2.  Updated property maps showing drill locations are provided in Figure 3 and Figure 4.  The goal of regional drilling is the identify key geological features which may present further targets for DHZ or Dixie Limb (“DL”) style gold zones.  Key results of regional drilling to-date include:

  • Widespread variably gold-bearing veins form halos around high-grade veins in the DHZ.  The total approximate true width of gold-bearing veining increases to over 120 metres (400 feet) as Great Bear drills further west in the Hinge Zone, and into the previously reported “DSL” and “DMS” areas.  At present, results suggest the centre of high grade gold vein development is located west of Great Bear’s original Hinge Zone discovery, and possibly at depth below the DMS and DSL targets.
  • Similar widespread gold-bearing veins have been intersected along a  large deep-seated regional structure extending across approximately 20 kilometres of the property.  The structure is a high strain zone forming the boundary between mafic and ultramafic rocks to the south west from largely felsic to intermediate volcanic rocks to the northeast.  Three drill holes completed into this structure have all returned low to moderate grade gold, including 34.60 metres of 0.55 g/t gold, which included 2.50 metres of 2.25 g/t gold less than 10 metres from surface in DNW-008.  Results are coded “DNE” and “DNW” in Table 2.
  • A new “look-alike” to the Dixie Limb Zone sediment-hosted silica replacement zone with gold has been intercepted 400 metres to the west of the Hinge Zone.  These drill holes are coded “DMS”.
  • DMS-003 intersected 1.00 metre of 12.93 g/t gold within a broader interval of 4.65 metres of 3.04 g/t gold.  The size, orientation and depth extent of this zone all remain unknown, as more drilling is required.  This is a promising new target that appears to overlie the western, down-plunge projection of the Hinge Zone vein swarm, and has likely been mineralized by the same gold event.
  • The previously described “South Limb Zone”, coded “DSL” in the Table 2, is interpreted to be the near-surface continuation of the westerly-plunging DHZ vein swarm.
  • Very shallow drilling was completed with drill holes DSL-019 to DSL-021 testing from approximately 45 – 70 metres vertical depth.  These successfully returned near-surface gold mineralization, including 2.00 metres of 4.08 g/t gold which includes 1.00 metre of 7.99 g/t gold.  These holes are interpreted to be situated above the plunge of higher grade DHZ gold veins.

Chris Taylor said, “The DHZ vein swarm appears to affect at least several hundred metres of strike length, trending generally east-west roughly parallel to the local D2 fold axis.  Steeply-plunging gold zones related to the DHZ veining are interpreted to project beneath the DSL and DMS areas, as shown on our sections and maps.  Drill results to-date show strengthening alteration and gold grades with increasing depth in these areas, consistent with this model.”

egarding regional exploration, Mr. Taylor said, “Our initial drilling into the property’s large deep-seated crustal structure/high strain zone has returned gold in all drill holes to-date across more than 2.5 kilometres of strike length.  This gold system has a multi-kilometre footprint, and we are looking for structural intersections and geological contacts adjacent to this feature that could further concentrate gold, such as has occurred at the D2 fold axis near the DHZ and DL.  In most mesothermal gold districts, it’s the second-order structures and geological contacts adjacent to the largest structures that localize high-grade gold.  Several second-order targets of this type are present near our large structure at Dixie, and these will be targeted with future drilling.”

Table 2: Drill results from other targets across the Dixie property.

Drill Hole   From
(m)
To
(m)
Width*
(m)
Gold
(g/t)
Vertical Depth
(m)
Target
DNW-008   8.00 42.60 34.60 0.55 21 Large Structure to North of DL/DHZ
including 9.00 11.50 2.50 2.25  
DNW-009   188.00 188.80 0.80 0.19 153
DNW-010   91.50 93.00 1.50 0.14 76
DNE-001   73.00 74.00 1.00 0.99 60 Large Structure to East of DL/DHZ
  174.00 184.50 10.50 0.31 146
  212.70 216.00 3.30 1.16 174
DNE-002   73.00 74.00 1.00 0.99 56
  160.50 163.50 3.00 0.65 119
  264.00 265.50 1.50 0.70 191
DNE-003   62.00 63.00 1.00 0.41 50
DNE-004   102.20 102.80 0.60 0.65 85
DMS-003 79.35 84.00 4.65 3.04 66 New DL-Style Zone West of DHZ
including 79.35 81.00 1.65 8.39
and including 80.00 81.00 1.00 12.93
99.85 114.75 14.90 0.26 87
DMS-004 108.00 108.50 0.50 0.52
DL-047 235.10 236.20 1.10 0.71 203 DL
DSL-019   72.15 77.50 5.35 0.80 56 Above DHZ Plunge to West
DSL-020   81.00 83.00 2.00 4.08 67
including 81.00 82.00 1.00 7.99  
DSL-021   65.00 66.00 1.00 2.59 57

*All reported widths are drill indicated core length.  Insufficient data has been collected at this time to determine true widths.  **These drill holes have intersected mineralized sediments in the footwall of the local D2 axial planar fault located south the DL, and east of the DHZ.  They may represent a new zone, or offset continuation of the DL.

Figure 3: Map of the DHZ area showing selected new drill results highlighted in yellow.  The location of the long section included in this release is also shown, labeled “Long Section 1”.  The location of the cross section included in this release is also labeled “Section 1”.

Figure 4: Property map showing named zone locations discussed in this release, additional targets, and simplified geology.

About Great Bear

The Dixie property is located approximately 15 minutes’ drive along Highway 105 from downtown Red Lake, Ontario.  The Red Lake mining district has produced over 30,000,000 ounces of gold and is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Goldcorp Inc., plus modern infrastructure and a skilled workforce.  The Dixie property covers a drill and geophysically defined 10 kilometre gold mineralized structure similar to that hosting other producing gold mines in the district.  In addition, Great Bear is also earning a 100% royalty-free interest in the West Madsen, Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology.  All of Great Bear’s Red Lake projects are accessible year-round through existing roads.

Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario.  Core samples from the program are cut in half, using a diamond cutting saw, and are sent to SGS Canada Inc. in Red Lake, Ontario, and Activation Laboratories in Ancaster Ontario, both of which are accredited mineral analysis laboratories, for analysis. All samples are analysed for gold using standard Fire Assay-AA techniques. Samples returning over 3.0 g/t gold are analysed utilizing standard Fire Assay-Gravimetric methods. Selected samples with visible gold are also analyzed with a standard 1 kg metallic screen fire assay.  Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Great Bear’s quality control/quality assurance program (QAQC).  No QAQC issues were noted with the results reported herein.

Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.

For further information please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.

ON BEHALF OF THE BOARD
“Chris Taylor”                                  
Chris Taylor, President and CEO
Inquiries:
Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.
We seek safe harbor

New Gold Control at Dixie Limb Zone Yields High Grades Including 17.55 g/t Gold Over 2.55 m within 9.15 g/t Gold Over 5.30 m – West Madsen Property Optioned to GoldON Resources

April 30, 2019 – Vancouver, British Columbia, Canada – Great Bear Resources Ltd. (the “Company” or “Great Bear”, TSX-V: GBR) today reported the discovery of a new gold control within its Dixie Limb Zone (“DL”) target which is associated with thickened and higher-grade gold mineralization.  The new discovery enhances the DL as a significant potential host of high-grade gold.  The DL is the original gold discovery at the Dixie project, made by Teck Resources.  It is located approximately 200 metres to the north of, and is sub-parallel to, Great Bear’s 2018 high-grade gold discovery at the Hinge Zone (“DHZ”).

Nine additional drill holes have also been completed into the Hinge Zone for which assays are pending; these results will be released when available.  Continued drilling of the DHZ remains a top priority through 2019 and 2020, as part of the Company’s fully-funded 60,000 metre drill program.

The Company also reports it has entered into a binding Letter of Intent (“LOI”) with GoldON Resources Ltd. (TSX-V: GLD, “GoldON”) wherein GoldON has the option to earn an initial 60% interest, and a subsequent 100% interest in Great Bear’s West Madsen property.

New High-Grade Drill Strategy in the Dixie Limb

The Dixie Limb zone is a major gold target at the Dixie project, second only to the Hinge Zone in exploration importance.  This is due to its potential size, strong continuity of grade, and the presence of gold extending to within a few metres of surface.  Great Bear’s recent drilling successfully tested newly interpreted high-grade gold controls in the zone.  Results include:

  • New drilling has intersected a “Hinge Zone style” east-west trending high grade gold vein which intersects the DL and is associated with increased grades and widths of mineralization at the intersection, as shown in Figure 1.
  • The newly discovered gold control allows Great Bear to prioritize drill targeting of high-grade zones within the broader mineralized system in the DL.
  • New drill results include 17.55 g/t gold over 2.55 metres within a broader interval of 9.15 g/t gold over 5.30 metres, and 24.21 g/t gold over 1.30 metres within a broader interval of 5.05 g/t gold over 15.85 metres.
  • The DL has been drill defined along a 600-metre strike length where all (100%) of more than 100 drill holes have encountered gold mineralization at a geological contact between various basalt and metasediments units.
  • The DL has considerable depth potential based on geological and structural modeling.  The deepest drill hole intersects the zone at approximately 450 metres vertical depth, and the zone remains open to extension in all directions.
  • The newly defined intersection provides a predictable plunge of high-grade gold mineralization which Great Bear successfully targeted during recent drilling.  Great Bear has also used a similar predictive plunge technique to define high-grade gold mineralization in the Hinge Zone.

Current DL drill results are shown in Table 1.  All drill results which intersect the DL within 50 metres along strike to either side of the predicted intersection are shown in Table 2.

Table 1: Current drill results from the DL.  Higher-grade mineralization is associated with a newly defined steeply-plunging structural intersection.  All widths are drill indicated core length as insufficient work has been completed to define true widths.

Drill Hole   From To Width Gold Vertical Comment
(m) (m) (m) (g/t) Depth
(m)
DL-041   112.70 120.80 8.10 5.44 92 At Predicted
Intersection
including 113.75 115.20 1.45 10.65
and including 118.50 120.80 2.30 9.29
and including 118.50 119.00 0.50 24.38
DL-042   130.80 142.10 11.30 4.67 118 At Predicted
Intersection
including 136.45 141.75 5.30 9.15
and including 138.30 140.80 2.50 17.55
and including 138.30 139.80 1.50 20.12
DL-045   144.45 160.3 15.85 5.05 140 At Predicted
Intersection
including 147.00 149.00 2.00 9.67
and including 159.00 160.30 1.30 24.21
and including 159.60 160.00 0.40 74.91
Drill holes listed below were drilled elsewhere in the DL,
 away from the intersection plunge
DL-040   186.90 197.30 10.40 0.76 162  Away from
Predicted
Intersection
including 187.40 187.90 0.50 2.79
and including 196.30 196.80 0.50 4.27
DL-043   135.30 139.25 3.95 2.13 105
DL-044   121.70 133.95 12.25 1.77 105
including 128.00 128.5 0.50 5.81
and including 132.10 133.95 1.85 4.06
DL-046   154.65 159.6 4.95 1.40 117
including 155.75 156.25 0.50 3.00

Chris Taylor, President and CEO of Great Bear said, “While it’s hard to compare almost any mineralization to the exceptional gold at the Hinge Zone, the Dixie Limb displays impressive silica-sulphide replacement with gold that predictably occurs in over 100 drill holes targeting the same geological contact across a large area.  We now observe that the same late gold event that has led to high-grade mineralization in the Hinge Zone also positively affects the Dixie Limb.  We look forward to further defining high-grade steeply-plunging gold zones within this target, and will drill to determine how many of these “upgraded” gold zones are present within the DL.”

Table 2: Historical drill holes from Great Bear and previous explorers intersecting the DL along 100 metres of strike length centred on the predicted intersection.  All widths are drill indicated core length as insufficient work has been completed to define true widths.

Drill Hole   From
(m)
To
(m)
Width
(m)
Gold
(g/t)
Vertical
Depth (m)
Comment
DL-004   56.20 62.50 6.30 5.56 48 Great Bear’s
Drilling
including 59.50 62.50 3.00 6.45
and including 62.00 62.50 0.50 16.40
DL-005   162.60 173.00 10.40 16.84 131
including 164.60 172.45 7.85 21.53
and including 171.40 172.45 1.05 130.10
DL-020   173.00 195.00 22.00 4.31 150
including 178.20 195.00 16.80 5.60
including 179.35 186.00 6.65 9.43
and Including 179.35 182.05 2.70 14.92
and Including 180.85 182.05 1.20 22.86
DL-021   188.50 198.00 9.50 3.60 161
including 193.00 198.00 5.00 5.48
including 194.15 195.15 1.00 11.35
and including 194.65 195.15 0.50 19.03
DL-024   225.00 244.00 19.00 3.08 199
including 225.50 229.30 3.80 6.27
including 227.10 229.30 2.20 7.97
DL-036a   368.45 377.90 9.45 2.38 358
and including 377.40 377.90 0.50 15.67
DL-04-04   222.90 232.77 9.87 5.08 192 Previous
Explorers
including 228.15 232.77 4.62 9.75
and including 230.05 232.15 2.10 18.46
and including 230.82 232.15 1.33 23.32
DL-04-06   333.33 345.67 12.34 7.66 322
including 333.33 342.49 9.16 9.86
and including 335.42 336.88 1.46 40.27

Recent drilling has intersected both the DL and Dixie Hinge Zone (“DHZ”) within the same north-south directed drill holes, crossing the intervening area between the two zones as shown on Figure 1.  It was recently noted that an east-west trend of gold mineralization is present between the two zones in the northern, hanging wall portion of an ultramafic unit and fault that divides the DL from the DHZ.  The new mineralized trend is a gold-bearing quartz vein similar to gold-bearing vein in the Hinge Zone, which occurs to the south.

Figure 1: Map showing newly discovered east-west trending, Hinge Zone style high-grade gold-bearing quartz vein, and intersection location of this vein and the DL.

It was noted by the Company that most historic drill holes within the DL display increased grades and thicknesses of gold mineralization along approximately 100 metres of strike length centred on the predicted intersection of the the new gold-bearing vein and the DL.  Three follow-up drill holes (DL-041, 042 and 045) were recently completed to test the predicted intersection and all encountered higher grade gold mineralization.

During the Company’s ongoing fully funded 60,000 metre drill program, the Company’s drilling within the DL will test both the currently defined steeply-plunging zone of high-grade gold mineralization, and will also explore to define additional structural intersections within the DL that may also relate to higher grades.  Drilling will also continue at the DHZ as previously disclosed on April 1, 2019.

LOI to Option West Madsen Property

Chris Taylor said, “Great Bear recently announced a significant expansion of its drill program at our flagship 100% owned Dixie property.  While we are optimistic about the exploration potential of West Madsen, our primary focus is significantly accelerating our exploration efforts at Dixie.  We are therefore pleased to have GoldON actively explore West Madsen for potential on-strike gold mineralization from Pure Gold Resources’ Madsen property.  A retained net smelter royalty, together with share and cash payments to Great Bear, will continue to provide positive exposure for our shareholders to any discoveries that may be made at West Madsen.”

Signing of the LOI will be followed by finalization of a definitive agreement between Great Bear and GoldON.  In order to earn an initial 60% interest in the property, GoldON must:

  1. incur minimum exploration expenditures on the property, as follows:
    1. $100,000 on or before the first anniversary of the definitive agreement;
    2. a cumulative total of not less than $350,000 on or before the second anniversary of the definitive agreement; and
    3. a cumulative total of not less than $750,000 on or before the third anniversary of the definitive agreement; and
  2. pay cash to Great Bear as follows:
    1. $50,000 within 10 days of signing a definitive agreement;
    2. $50,000 on or before the date that is 10 days after the first anniversary of the aefinitive agreement; and
    3. $75,000 on or before the date that is 10 days after the second anniversary of the definitive agreement; and
  3. issue common shares of GoldON to Great Bear as follows:
    1. 250,000 shares within 10 days of signing the definitive agreement;
    2. 250,000 shares on or before the date that is 10 days after the first anniversary of the definitive agreement; and
    3. 375,000 shares on or before the date that is 10 days after the second anniversary of the definitive agreement. 

In order to earn an additional 40% interest, for a total of 100% interest, GoldON must:

  1. incur additional exploration expenditures on the property of at least $750,000 on or before the fourth anniversary of the definitive agreement, and
  2. pay $500,000 cash or issue 500,000 shares to Great Bear at GoldON’s election on or before the date that is 15 days after the third anniversary of the definitive agreement. 

Great Bear will retain a 2.5% Net Smelter Return royalty after GoldON completes the initial 60% earn-in.  GoldON will have the right to buy back 1% of the royalty for $500,000 at any time prior to a production decision being made on all or part of the property.  The LOI and pending definitive agreements are subject to Exchange approval.

About Great Bear

The Dixie property is located approximately 15 minutes’ drive along Highway 105 from downtown Red Lake, Ontario.  The Red Lake mining district has produced over 30,000,000 ounces of gold and is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Goldcorp Inc., plus modern infrastructure and a skilled workforce.  The Dixie property covers a drill and geophysically defined 10 kilometre gold mineralized structure similar to that hosting other producing gold mines in the district.  In addition, Great Bear is also earning a 100% royalty-free interest in the Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology.  All of Great Bear’s Red Lake projects are accessible year-round through existing roads.

Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.

For further information please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.

ON BEHALF OF THE BOARD

“Chris Taylor”

Chris Taylor, President and CEO

Inquiries:
Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.

We seek safe harbor

Great Bear Exploration Team Recognized with “Bernie Schnieders Discovery of the Year Award” Presented by NWOPA

April 9, 2019 – Vancouver, British Columbia, Canada – Great Bear Resources (the “Company” or “Great Bear”) is pleased to announce that the Company’s exploration team have been awarded the 2018 “Bernie Schnieders Discovery of the Year Award” for the discovery of high-grade gold zones at its 100% owned Dixie Property in Red Lake, Ontario, Canada.
The award, presented by the Northwestern Ontario Prospectors Association (NWOPA), recognizes an exceptional discovery in Northwestern Ontario during the previous calendar year. It was presented on April 2 to Great Bear Resources at the annual awards banquet hosted during the 2019 Ontario Prospectors Exploration Showcase in Thunder Bay, Ontario (http://www.nwopa.net/2019-exploration-showcase.html).
Chris Taylor, President and CEO of Great Bear said, “We would like to sincerely thank the NWOPA for receiving this honour, and look forward to expanding on our exciting discoveries at the Dixie property through 2019 and 2020. We have been fortunate to receive strong industry support for our exploration work over recent years, including an exploration grant during 2017/2018 in the amount of $100,000, as part of the Ontario Prospector Association’s Junior Exploration Assistance Program (“JEAP”), which partially funded our discovery drill program.”

About Great Bear

The Dixie property is located approximately 15 minutes’ drive along Highway 105 from downtown Red Lake, Ontario. The Red Lake mining district has produced over 30,000,000 ounces of gold and is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Goldcorp Inc., plus modern infrastructure and a skilled workforce. The Dixie property covers a drill and geophysically defined 10-kilometre gold mineralized structure similar to that hosting other producing gold mines in the district. In addition, Great Bear is also earning a 100% royalty-free interest in its West Madsen properties which total 3,860 hectares and are contiguous with Pure Gold Mining Inc.’s Madsen property. All of Great Bear’s Red Lake projects are accessible year-round through existing roads.

Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.
For further information please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.

ON BEHALF OF THE BOARD
“Chris Taylor”

Chris Taylor, President and CEO

Inquiries:
Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.
We seek safe harbor

Great Bear Doubles Fully Funded Drill Program From 30,000 m to 60,000 m – Will Add Third Drill Rig

April 1, 2019 – Vancouver, British Columbia, Canada – Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) today reported that the Company’s board of directors has approved doubling of the current 30,000 metre drill program to 60,000 metres. The Company remains fully funded for this expanded drilling.

Approximately 12,000 metres of the original 30,000 metre drill program remain to be drilled (see Great Bear news release of September 20, 2018), with expected completion of the original program by July 2019. The extended program will continue through 2019.

The Company also announces that it plans to add a third drill rig during the extended program. The two drill rigs currently on site will concentrate on defining and expanding the Hinge (DHZ) and Dixie Limb (DL) zones along strike and at depth. The third rig will explore regional targets and also assist with the DHZ and DL drilling as required. Timing of deployment of the third drill rig is subject to completion of regional target definition.

The fully funded expansion of the drill program by an additional 30,000 metres has an all-inclusive budget of approximately $5,600,000. The program will continue year-round. The Company currently has a cash treasury of approximately $12,000,000, and approximately $7,800,000 of in-the-money warrants priced from $0.20 to $1.75 expiring during 2019 and 2020, for approximately $20,000,000 on a partially diluted cash basis.

Chris Taylor, President and CEO of Great Bear said, “Great Bear is in a very strong position, with funding in hand to aggressively expand our drill program, and results to-date certainly warrant this expansion. One of the two drill rigs currently on site has been drilling regional step-outs and has successfully discovered new mineralized zones and potential extensions to the Hinge zone. However, beginning in April both drill rigs will focus on drilling along strike and at depth of the DHZ and DL. Bringing in a third rig that can accomplish both regional exploration and additional DHZ/DL drilling will allow us to retain a high rate of core production as we begin to follow the DHZ and DL gold zones to the greater depths typical of other major Red Lake district gold discoveries.”

The Company has posted a video showing expansion of Hinge Zone drilling over the past eight months since its discovery to its web site at www.greatbearresources.ca.

At the Dixie project, the Company has identified a 20+ kilometre long gold-bearing deep crustal structure and a number of significant secondary structural features including faults and D2 fold axes that collectively define more than 30 kilometres of prospective gold-bearing trends. In order to efficiently test these multiple large targets, geochemical techniques will be applied to prioritize exploratory drilling for the third drill rig. Regional drill targets outside of the DHZ and DL will be defined through ongoing interpretive modeling work and soil hydrocarbon (geochemical) surveying as soon as spring thaw is complete in April
– May 2019.

About Great Bear

The Dixie property is located approximately 15 minutes’ drive along Highway 105 from downtown Red Lake, Ontario. The Red Lake mining district has produced over 30,000,000 ounces of gold and is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Goldcorp Inc., plus modern infrastructure and a skilled workforce. The Dixie property covers a drill and geophysically defined 10-kilometre gold mineralized structure similar to that hosting other producing gold mines in the district. In addition, Great Bear is also earning a 100% royalty-free interest in the West Madsen, Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology. All of Great Bear’s Red Lake projects are accessible year-round through existing roads.

Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.

For further information please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.

ON BEHALF OF THE BOARD

“Chris Taylor”

Chris Taylor, President and CEO

Inquiries:

Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.

We seek safe harbor