Bear Lake Gold fka BLG

[mhlld]

Bear Lake and Gold Fields enter into an Option and Joint Venture Agreement to acquire 60% of the Larder Lake Gold Project

April 10, 2012. Bear Lake Gold Ltd. (TSX.V: BLG) (the "Company" or "Bear Lake") is pleased to announce that it has entered into an option and joint venture agreement with Gold Fields Abitibi Corporation, a 100% subsidiary of Gold Fields Limited ("Gold Fields"). Subject to certain conditions, Gold Fields has the option to earn an interest of up to 60% on the Company's 100%-held Bear Lake, Cheminis and Fernland properties and on the 75%-held Swansea property (the "Projects") by sole funding $40 million in exploration and development expenditures on the Projects. The Projects are part of the Company's Larder Lake gold project located in northeastern Ontario.

Gold Fields can earn an initial 51% interest by spending $25 million on the Projects over a period of 36 months, including a firm commitment of $5 million during the first 12 months. Gold Fields can earn an additional 9% interest by spending a further $15 million over a period of 24 months following the initial term. If a development decision is made, Bear Lake will have the option to finance its share of the development costs through a loan arranged by Gold Fields with it receiving an additional 5% interest in the Projects against the payment of a nominal strike price. If the Company arranges its own financing, it will retain a 40% interest in the Projects.

Gold Fields will manage all field work during the option period. A steering committee including two representatives of each of Bear Lake and Gold Fields will be formed to oversee the exploration work and review the work programs during this period. If Gold Fields exercises the option, it will be the operator of the resulting joint venture.

The transaction is subject to Gold Fields completing its due diligence enquiries by May 21, 2012 and Bear Lake obtaining all necessary regulatory approvals including the TSX Venture Exchange approval. If required, the transaction will be submitted for approval at the general and special meeting of Bear Lake shareholders scheduled to be held on May 23, 2012. The board of directors of Bear Lake has unanimously approved the transaction.

About Bear Lake Gold

Bear Lake Gold Ltd. is focused on the exploration and development of the Larder Lake gold project located on the Cadillac-Larder Lake Break in north-eastern Ontario. The Larder Lake project consists of a 100% interest in the Bear Lake, Cheminis, Fernland and Barber Larder properties and a 75% interest in the Swansea property. In 2011, the Company announced the completion of a NI 43-101 compliant mineral resource on the Bear Lake and Cheminis properties. The common shares of the Company trade on the TSX Venture Exchange under the symbol BLG. Additional information about the Company is available on its website, www.bearlakegold.comand on SEDAR at www.sedar.com.

About Gold Fields Limited

Gold Fields is one of the world's largest unhedged producers of gold with attributable, annualized production of 3.5 million ounces per annum from eight operating mines in South Africa, Ghana, Australia and Peru. Gold Fields also has an extensive and diverse growth pipeline with both greenfield and near mine exploration projects at various stages of development. Gold Fields has total attributable Mineral Reserves of 80.6 million ounces and Mineral Resources of 217 million ounces. Gold Fields has a primary listing on the JSE Limited in South Africa and secondary listings on the New York Stock Exchange, NASDAQ Dubai Limited, Euronext and the Swiss Exchange. For more information visit the company's website at www.goldfields.co.za.

Cautionary Statement
This press release contains forward-looking information. In particular, this press release contains statements concerning the intended transaction between Bear Lake and Gold Fields. Forward-looking information is subject to known and unknown risks and uncertainties, and depends on assumptions and other factors, all of which may cause actual results or events to differ materially from those anticipated in such forward-looking information. The terms and conditions of the proposed transaction may change, including based on completion of due diligence by Gold Fields. There can be no assurance that Gold Fields will be satisfied with the results of the due diligence or that Bear Lake will obtained all necessary approvals. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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.

For further information please contact:

Francois Viens
President and CEO
Bear Lake Gold Ltd.
Tel: [phone]
Fax: [phone]
[e-mail]

http://www.bearlakegold.com/s/NewsReleases.asp?ReportID=517843&_Type=&_Title=Bear-Lake-and-Gold-Fields-enter-into-an-Option-and-Joint-Venture-Agreement-...

[mhlld]

Bear Lake Gold Announces Start of Drilling Program at Larder Lake
LONGUEUIL, QUÉBEC--(Marketwire - Sept. 7, 2011) - Bear Lake Gold Ltd. (the "Company") (TSX VENTURE:BLG) is pleased to announce the commencement of a 15,000 m drilling program at its Larder Lake gold project located on the prolific Cadillac-Larder Lake Break in the mining district of North-Eastern Ontario.
Drilling program
Following the recent completion of a $3,923,750 private placement and the estimation of NI 43-101 compliant mineral resources on the Bear Lake and the Cheminis gold zones of the Larder Lake Project, the Company has designed a 15,000m work program. Approximately 8,000 m is planned to test the extension and better define the Cheminis mineral resource. In addition, some 5,000 m will investigate the extensions of the Bear Lake mineral resource. The recent resource estimate showed that both zones are open on strike and at depth. Finally some 2,000 m of drilling is planned in the Fernland area where hole 13 completed in November 2007, intersected 6.9g/t gold over 13.5m near surface (including 13.1 g/t gold over 6.0m). Additional work is required to evaluate the potential and test the extensions of this mineralized zone.
One diamond drill has already started drilling and a second drill is expected to arrive shortly. A third drill will be mobilized to site when available.
Larder Lake gold project - NI 43-101 Mineral Resource Estimate
As previously announced, the Bear Lake zone resource estimate prepared by P&E Mining Consultants Inc. ("P&E"), an independent geological and mining consulting firm of Brampton Ontario, stands at 3,750,000 tonnes grading 5.67 g/t gold in the Inferred category for a total of 683,600 ounces of gold. The zone remains open on strike and at depth. (See news release dated June 29, 2011.)
The Cheminis zone resource estimate also prepared by P&E outlined Indicated resources of 335,000 tonnes at 4.07 g/t gold for 43,800 ounces of gold and Inferred resources of 1,391,000 tonnes at 5.22 g/t gold for 233,400 ounces of gold. (See news release of April 13, 2011.)
The Table 1 shows the combined resources of the two zones.
Table 1
Larder Lake Project
Combined Mineral Resources – June 2011 (1)
Location Indicated Inferred
Tonnes Grade Ounces Tonnes Grade Ounces

Bear Lake Zone - - - 3,750,000 5.67 683,600
Cheminis Zone 335,000 4.07 43,800 1,391,000 5.22 233,400
TOTAL 335,000 4.07 43,800 5,141,000 5.55 917,000
(1) Resources are reported using a 2.5 g/t gold cutoff and a minimal horizontal thickness of 2.0 m. The gold price used was US$1,207/oz. Process recovery was 95%. Mining costs were $75/ tonne and Processing and G&A costs were $20/tonne. Exchange rate used was $0.95USD = $1.00 CDN. Mineral resources which are not mineral reserves do not have demonstrated economic viability.
QA/QC
The Company has implemented a rigorous QA/QC program independently set up and supervised by P&E. The program includes chain of custody of samples, drill core sawn in half and shipped in sealed bags to Laboratoire Expert, a certified assay laboratory located in Rouyn Noranda, Quebec. Blank samples, blind duplicates and certified standards are also inserted in the sample stream. Samples with gold values higher than 10g Au/t are systematically re-analysed, and samples containing visible gold are also analysed systematically with the metallic screen analysis.
Qualified Persons
The Bear Lake and Cheminis resource estimates were undertaken by Independent Qualified Persons Antoine Yassa, P.Geo., Eugene Puritch, P.Eng. and Tracy Armstrong, P.Geo, of P&E. Mr. Puritch, President of P&E has reviewed and approved the contents of this press release insofar as the Cheminis and Bear Lake mineral resource estimates are concerned.
P&E has completed a technical report for the mineral resource estimates of the two zones in compliance with NI 43-101 and both reports were filed on Sedar.
The other technical information contained in this press release was prepared and approved by Francois Viens, President and CEO of the Company. Mr. Viens is a 'qualified person' within the meaning of that term under NI 43-101.
Forward-Looking Information
This news release contains certain "forward-looking information" under Canadian securities laws. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. Specifically, this news release contains forward looking information about the Bear Lake and Cheminis mineral resources and their potential expansion, the Company's plans for future work program to be carried out at Larder Lake, and results and timing of exploration programs.. Forward looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company's control, including risks related to mining exploration and the availability of financing for companies such as the Company. There can be no assurance that outcomes anticipated in the forward looking information will occur, and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information, except as may be required by law.
About Bear Lake Gold
Bear Lake Gold Ltd. is engaged in the exploration of gold us mineral properties in North America. Additional information about the Company is available on the Company's website, www.bearlakegold.com and on SEDAR at www.sedar.com.
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.
Contact Information
Francois Viens
President and CEO
Bear Lake Gold Ltd.
450-677-1009
450-677-2601 (FAX)
[e-mail]

http://www.marketwire.com/press-release/bear-lake-gold-announces-start-of-drilling-program-at-larder-lake-tsx-venture-blg-1557977.htm

[mhlld]

Big Block trade today on Alpha. 2.2 million shares, why not on the TSX for all to see?

[mhlld]

Queenston took a Private Placement in Mistango Resources last week.
The funds are to be used for the Omega Mine exploration currently underway.
Quote from the press release,"The funds will be used by Mistango for general corporate purposes and to assist in financing an exploration program currently under way on the Omega gold property located in McVittie township in Ontario, approximately 25 kilometres east of Kirkland Lake. The property hosts the Omega mine that historically produced (from 1913, 1926 to 1928, 1936 to 1947) approximately 215,000 ounces of gold from approximately 1.45 million tonnes grading 5.4 grams per tonne gold."

[alhigou]

Technically, BLG.V is upgraded to strong buy with the 0.20 target price in six months.

Check here:
"http://canada.stoxline.com/q_ca.php?s=blg.v";

[mhlld]

I expect we will get another announcement in the next few weeks. From the press release, "The Company will review different options for the continuation of the exploration program at Larder Lake and announce its plans shortly."
To the west of Bear Lake Gold is Queenston (QMI.TO). Last year Agnico Eagle(AEM, NYSE) bought in a large part of Queenston. So the majors are definitely interested in the area.
Might BLG.V take a larger JV partner with deep pockets, maybe merge with Queenston?
Obviously, the initial NI 43-101 was needed on the Bear Lake Gold Zone and Cheminis, and with 917,000 oz. of gold, the projects can move forward. It will be interesting to see what David Fennell has planned in the next few weeks.

[mhlld]

Bids are building this morning. Quote from news release, "stands at 3.75 million tonnes grading 5.67 grams per tonne gold in the inferred category for a total of 683.600 ounces of gold" and with Cheminis at "1,391,000 tonnes at 5.22 g/t gold for 233,400 ounces of gold (see news release of April 13, 2011)" Total stand now for Bear Lake Zone and Cheminis, 5,141,000 tonnes at 5.55 g/tonne = 917,000 ounces of Gold.

[mhlld]

Bear Lake Gold Announces Initial NI 43-101 Mineral Resource Estimate of the Bear Lake Zone

LONGUEUIL, QUEBEC--(Marketwire - June 29, 2011) - Bear Lake Gold Ltd. (the "Company") (TSX VENTURE:BLG - News) is pleased to announce the results of an initial mineral resource estimate and an update on the drilling program at the Bear Lake zone of its Larder Lake Project located on the prolific Cadillac-Larder Lake Break in the mining district of North-Eastern Ontario.

The Bear Lake zone resource estimate prepared by P&E Mining Consultants Inc. of Brampton Ontario, an independent geological and mining consulting firm, stands at 3,750,000 tonnes grading 5.67 g/t gold in the Inferred category for a total of 683,600 ounces of gold. The zone remains open on strike and at depth.

Bear Lake Zone - NI 43-101 Mineral Resource Estimate

Following the completion of a 14,074m drilling program on the Bear Lake zone in 2011, the Company contracted P&E Mining Consultants Inc. ("P&E") of Brampton Ontario to complete a NI 43-101 compliant mineral resource estimate on the Bear Lake zone. P&E used the 88 surface drill holes available and conducted a re-sampling program in order to confirm the validity of the data. Assays used in the resource estimate were capped at 75.0 g/t gold and grades were estimated using the inverse distance cubed method. The resource model domains covered a 400m strike length to a depth of 1.3km from surface.

Inferred resources estimated by P&E are: 3,750,000 tonnes at 5.67 g/t gold for 683,600 ounces of gold. (1,2,3,4) Resources are reported using a 2.5 g/t gold cutoff and a minimal horizontal thickness of 2.0 m.

The Bear Lake mineralized zone is located approximately 2 km east of the Cheminis zone where a recent mineral resource estimate outlined Indicated resources of 335,000 tonnes at 4.07 g/t gold for 43,800 ounces of gold and Inferred resources of 1,391,000 tonnes at 5.22 g/t gold for 233,400 ounces of gold (see news release of April 13, 2011).

Both zones remain open on strike and at depth and additional exploration is required to assess the additional potential of both zones. In addition other targets remain unexplored, including the Fernland zone where hole #13, completed in November 2007, intersected 13.1 g/t gold over 6.0m near surface. This exploration potential combined with the growth potential of the Bear Lake and the Cheminis resources enhance the significance of the Larder Lake project located in a mining area that benefits from all the infrastructures readily available at close proximity.

Bear Lake zone - Drilling update

The last two holes were completed in May 2011 and hole 87A intersected 3.7 g/t gold over 1.0 m in the flow mineralization between 927.6 and 928.6. Hole 88 was abandoned due to technical problems. A complete results table is available on the Company's website. The diamond drilling program is now completed and drills have been demobilized from site. The Company will review different options for the continuation of the exploration program at Larder Lake and announce its plans shortly.

http://finance.yahoo.com/news/Bear-Lake-Gold-Announces-ccn-3588299856.html?x=0&.v=1

[mhlld]

Bear Lake Gold: Drilling Update at the Larder Lake Project and NI 43-101 Resource Estimate at Cheminis

LONGUEUIL, QUEBEC--(Marketwire - April 13, 2011) - Bear Lake Gold Ltd. (the "Company") (TSX VENTURE:BLG) provides an update on the drilling program at the Bear Lake zone of its Larder Lake Project located on the prolific Cadillac-Larder Lake Break in the mining district of north-eastern Ontario. Drilling continues with two drills on the Bear Lake zone and the Company expects that a National Instrument 43-101 resource estimation of the Bear Lake zone will be prepared when the drilling program is completed

The Company also announces an NI 43-101 compliant resource estimate dated March 31, 2011 The Cheminis resource estimate prepared by P&E Mining Consultants Inc. of Brampton Ontario, an independent geological and mining consulting firm, stands at 335,000 tonnes grading at 4.07 g/t gold in the Indicated category for a total of 43,800 ounces of gold. In addition 1,391,000 tonnes grading at 5.22 g/t gold are estimated in the Inferred category for a total of 233,400 ounces of gold.

Bear Lake zone drilling update

Hole 81AW2 intersected 5.83 g/t gold over 2.0m in the carbonate zone at a depth of 1,000m from surface, confirming the presence of gold mineralization and alteration envelope. The highlights table shows the results from the recently drilled holes. A complete results table is available on the Company website.

Table – Highlights (1)

Hole no. From To Length
(m) (2 ) Au
(g/t ) Comment Zone
BLG-10-81AW2 1204.0 1206.0 2.0 5.83 Carb. Bear Lake
including 1205.0 1206.0 1.0 9.48 Carb.
1227.3 1228.9 1.0 1.39 Carb.
1351.2 1352.4 1.2 NSA(3 ) Flow
BLG-10-82 1289.0 1290.0 1.0 2.66 Carb. Bear Lake
BLG-10-83W5 1027.8 1028.9 1.1 2.89 Carb. Bear Lake
BLG-11-85W 1179.0 1180.0 1.0 2.99 Carb. Bear Lake
BLG-11-86W2 788.4 790.4 2.0 2.35 Flow Bear Lake
795.5 799.0 3.5 1.47 Flow
(1) Complete assay results are available on the Company's website. Hole 84 was abandoned due to technical problems.
(2) It is not possible to determine true widths at this time. All widths of intercepts reported are core length.
(3) No significant assay

Two diamond drills are currently active on the Larder Lake property targeting the upper part of the Bear Lake zone (100% owned by the Company) at depths between 400m and 1,200m from surface. This work is being undertaken as part of a 15,000m exploration program (of which approximately13,500 m has been drilled so far) designed to define and expand the mineralized lenses and to complete a NI 43-101 compliant mineral resource estimate for the Bear Lake zone.

The drilling continues to intersect gold mineralization within the targeted statigraphy at the Bear Lake zone and successfully confirm the extent of the favorable mineralized alteration zones and the presence of gold within the altered zones. Drill results to date confirm the presence of high grade mineralized lenses intercalated with lower grade mineralization, both in the carbonate mineralization and the flow mineralization. Post-mineralization faulting is also suspected to have locally displaced the mineralization.

Additional drilling is required to define the limits of the potential higher grade areas and investigate the possibility that additional higher grade areas might be found along strike and at depth, where the mineralization and alteration typically associated with the gold is still present.

Two maps are available at this address:
http://media3.marketwire.com/docs/bearlake_map_0413.pdf

Cheminis Resource Estimate

The Cheminis mineralized zone is located some 2 Km west of the Bear Lake zone. While actively working on the evaluation of the Bear Lake zone, the Company contracted P&E Mining Consultants Inc of Brampton Ontario to verify the validity of the historic drilling data and complete an NI 43-101 compliant mineral resource estimate on the Cheminis zone. P&E used the 791 historic surface and underground drill holes available and conducted a re-sampling program in order to confirm the validity of the historic data. Assays used in the resource were capped at 7 to 20 g/t gold and grades were estimated using the inverse distance cubed method. The resource model domains covered a 600m strike length and a 900m down dip extension.

Resources are reported using a 2.5 g/t gold cutoff and a minimal true thickness of 2.0 m.

Indicated resources are: 335,000 tonnes at 4.07 g/t gold for 43,800 ounces of gold 1,2,3,4

Inferred resources are: 1,391,000 tonnes at 5.22 g/t gold for 233,400 ounces of gold 1,2,3,4

Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.

The quantity and grade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred resources as an indicated or Measured mineral resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured mineral resource category.

The gold price used in this estimate was the March 31, 2011 two year trailing average of US$1,158/oz. Process recovery was 95%. Mining costs were $75/ tonne and Processing and G&A costs were $20/tonne. Exchange rate used was $0.95USD = $1.00 CDN.

The mineral resources in this press release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.

The actual resources are only estimated below the old workings and potential resources remain available within and on the extensions of the old mined areas. The resources are estimated down to a vertical depth of approximately 1,000m and remain open on strike and at depth. Additional drilling will be required to infill and expand the Inferred resources.
P&E Mining Consultants is completing an NI 43-101 compliant technical report to be filed on SEDAR within 45 days.

Swansea Update

The drilling in the Swansea area, undertaken under an option agreement with Odyssey Resources Limited, was completed by mid-December and the three drills have been demobilized. A total of 19 holes with a projected total of 9,343m were completed for the program. Results failed to identify significant mineralization and consequently Odyssey decided not to exercise their option. The presence of gold and the alteration system identified with the drilling are typical of the area and additional investigation may be warranted in the future. The Company owns a 75% interest in Swansea and Newstrike Resources Ltd owns a 25% interest.

QA/QC

The Company has implemented a rigorous QA/QC program independently set up and supervised by P&E Mining Consultants Inc. of Brampton, Ontario. The program includes chain of custody of samples, drill core sawn in half and shipped in sealed bags to Laboratoire Expert, a certified assay laboratory located in Rouyn Noranda, Quebec. Blank samples, blind duplicates and certified standards are also inserted in the sample stream. Samples with gold values higher than 10g Au/t are systematically re-analysed, and samples containing visible gold are also analysed systematically with the metallic screen analysis.

Qualified Persons

The Cheminis resource estimate was undertaken by Independent Qualified Persons Antoine Yassa, P.Geo. , Eugene Puritch, P.Eng. and Tracy Armstrong, P.Geo, of P&E Mining Consultants Inc. Mr. Puritch, President of P&E has reviewed and approved the contents of this press release insofar as the Cheminis mineral resource estimate is concerned.

The technical information contained in this press release was prepared and approved by Francois Viens, President and CEO of the Company. Mr. Viens is a 'qualified person' within the meaning of that term under NI 43-101.

Forward-Looking Information

This news release contains certain "forward-looking information" under Canadian securities laws. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. Specifically, this news release contains forward looking information about the Cheminis resources and its potential expansion, the Company's plans for the work program to be carried out at Larder Lake, results and timing of exploration programs and plans to complete a resource estimate. Forward looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company's control, including risks related to mining exploration and the availability of financing for companies such as the Company. There can be no assurance that outcomes anticipated in the forward looking information will occur, and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information, except as may be required by law.

About Bear Lake Gold

Bear Lake Gold Ltd. is engaged in the exploration of gold and precious mineral properties in North America. Additional information about the Company is available on the Company's website, www.bearlakegold.com and on SEDAR at www.sedar.com.


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.

For more information, please contact

Bear Lake Gold Ltd.
Francois Viens
President and CEO
450-677-1009
450-677-2601 (FAX)
[e-mail]

[mhlld]

Six drills have been turning since mid November. We should start getting drill results soon. Haywood is back on the bid. I've added to my position on this little pullback.

[mhlld]

I spoke with Francois Viens(CEO) last week. We should start seeing drill results after the new year. He wouldn't release results during the holidays anyways, due to thin markets, he made a good point, "who is around to see them?".
He is expecting to have a 43-101 resource estimate on part of the Bear Lake Gold Zone in the 1st qtr of 2011, at the end of the current drill program.
I confirmed with Mr. Viens that Cheminis has a little over 400,000 oz of gold in the historical category.
He is confident that between Bear Lake, Cheminis, Swansea, Barber Larder, and Fernland, there will be multi-million ounces of gold proven.
The current drilling at Swansea is further exploration of SW87-04 completed by Eldor Resources in 1987, which intersected 0.30 opt Au (10.3 gpt Au) over 6.1 m in “quartz flooded fuchsitic tuff”. The intersection occurs at a vertical depth of 300 m within the same volcanic horizon that hosted the Omega deposit located 2.5 km to the east.
If all goes as planned, I believe BLG.V(BLGFF.PK) will suprise to the upside in 2011. GLTA

[mhlld]

This area of the Larder Lake break is heating up. BLG's neighbor to the west, (Queenston, QMI.TO)just completed a $35 million dollar PP with mining giant Agnico Eagle. BLG's neighbor to the east, Armistice(AZ.TO) just announced an $11 million dollar loan with Sprott to bring it's mine to production.

[mhlld]

Bear Lake Gold updates the Larder Lake Project - Six diamond drills at work, Termination of the Hope Bay option

Longueuil, Québec: November 19, 2010. Bear Lake Gold Ltd. (the “Company”) (TSX.V: BLG) announces that the pace of drilling at its Larder Lake Project located in Ontario has been increased. Three drills are currently active testing its Bear Lake gold zone. Three more drills are working on the Swansea area of the property where Odyssey Resources Limited recently entered an option to earn a 25% interest. Separately, the Company also announces the termination of its option to acquire a 75% interest in certain claims at the Hope Bay project in Nunavut.

Larder Lake Update

Six diamond drills are now active on the Larder Lake property. Three drills are targeting the upper part of the Bear Lake zone (100% owned by the Company) at depths between 400m and 1,200m from surface as part of a 15,000m exploration program with the objective of defining and expanding the higher grade mineralized lenses and, should results warrant, completing a NI 43-101 compliant resource estimate once there is sufficient density of drilling in the Bear Lake zone.

In addition, three diamond drills are working in the Swansea area located at the western end of the Larder Lake property. The 7,000m drill program is being carried out by the Company under the recently announced option agreement where Odyssey Resources Limited can gain a 25% interest in the Swansea group of 28 claims (see map) by funding $1.1 million in exploration work before March 31, 2011. Bear Lake currently holds a 75% interest in the Swansea claims and Newstrike Resources Ltd. holds the remaining 25%.

Hope Bay Update

Under an option agreement, the Company was required to spend an additional $2 million by October 31, 2010 to earn a 75% interest in a specified group of claims in Hope Bay, Nunavut. In completing its financing earlier in the year, the Company had decided to prioritize and focus its exploration activities on the advanced Larder Lake exploration project strategically located in Ontario, closer to all the required infrastructures including a paved road and power line. Despite its best efforts to negotiate an extension to the option agreement from Hope Bay Mining Ltd, a wholly owned subsidiary of Newmont Mining Corporation, over the last few months, the Company was not able to obtain an extension; therefore the Hope Bay option has been terminated.

Forward-Looking Information

This news release contains certain "forward-looking information" under Canadian securities laws. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. Specifically, this news release contains forward looking information about the Company’s plans for the work program to be carried out at Larder Lake and plans to complete a resource estimate. Forward looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company’s control, including risks related to mining exploration and the availability of financing for companies such as the Company. There can be no assurance that outcomes anticipated in the forward looking information will occur, and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information, except as may be required by law.

About Bear Lake Gold

Bear Lake Gold Ltd. is engaged in the exploration of gold and precious mineral properties in North America. Additional information about the Company is available on the Company’s website, www.bearlakegold.com and on SEDAR at www.sedar.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.

For further information please contact:

Francois Viens

President and CEO

Bear Lake Gold Ltd.

Tel: [phone]

Fax: [phone]

[e-mail]

[mhlld]

Pinetree Capital buying here again.

Nov 10/10 Nov 08/10 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 195,000 $0.328
Nov 10/10 Nov 08/10 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 195,000 $0.328

http://www.canadianinsider.com/coReport/allTransactions.php?ticker=blg

[mhlld]

Queenston's recent developments are bringing interest into the Larder Lake area. Watch Bear Lake Gold (BLG.V, BLGFF.PK) and Armistice (AZ.TO, AISCF.PK). Aerial View

[mhlld]

Bear Lake Gold Reports High Grade Drill Results at Larder Lake Hole BLG-10-79 Intersects 12.03 g Au/t Over 3.0 Meters - Third Diamond Drill to Arrive Shortly

LONGUEUIL, QUEBEC--(Marketwire - Nov. 4, 2010) - Bear Lake Gold Ltd. (the "Company") (TSX VENTURE:BLG) is pleased to announce additional drill results from the 2010 drill program at its 100% owned Larder Lake project, in Ontario. Hole 79 intersected 6.7 g/t gold over 6.8m including 12.0 g/t gold over 3.0m in carbonate-type mineralization at a depth of approximately 685 meters. The following table highlights the results of the hole. The attached longitudinal sections show the location of the drill holes.

Table – Highlights (1)

Hole From To Core Length Au (g/t) Zone
(2)
BLG-10-79 736.5 738.0 1.5 5.96 Carbonate Zone
747.2 748.5 1.3 13.85 Carbonate Zone
754.5 761.3 6.8 6.73 Carbonate Zone
including 757.0 760.0 3.0 12.03 Carbonate Zone
786.0 790.0 4.0 1.07 Altered Ultramafics

(1) Complete assay results are available on the Company's website.

(2) It is not possible to determine true widths at this time. All widths of intercepts reported are core length.

The high grade intersection in hole 79 within the carbonate zone is located at a depth of 685 meters from surface, and approximately 30 meters down dip of hole 44W2 which intercepted 5.1 g/t Au over 3.5m (see long. section). This intercept confirms the down dip extension of one of the higher grade lenses in the carbonate zone. Two more holes are in progress to test both mineralized horizons at depths between 750m and 900m from surface.

Longitudinal Section Carbonate-type Mineralization: http://www.bearlakegold.com/i/maps/LarderLake_Long_Nov10_Carb.jpg

Longitudinal Section Flow-type Mineralization: http://www.bearlakegold.com/i/maps/LarderLake_Long_Nov10_Flow.jpg

2010 Work Program

Following the completion of a $3.76 million financing, the Company initiated a drilling program at Larder Lake in July 2010. Two drills are currently working on site. A third diamond drill rig is being mobilized to accelerate the pace of the program and should start working shortly. The current program consists of approximately 15,000 meters of diamond drilling focused mostly on the Bear Lake zone. Four (4) holes have been completed so far, totaling 2,800 m of drilling. The campaign mainly targets the upper part of the Bear Lake zone, at depths between 400m and 1,200 m from surface, with the objective of defining and expanding the higher grade mineralized lenses, including both the carbonate and flow-type mineralized horizons. The Company plans to complete a NI43-101 compliant resource estimate as soon as the density of drilling in the Bear Lake zone is sufficient to support resource estimation.

The Larder Lake properties extend over 13km straddling the prolific Cadillac-Larder Lake fault zone, host of the historic Kerr Addison mine (with an estimated 11million ounces of gold produced), which is located some 4km to the east of the Bear Lake Zone. Easily accessible, the project is close to major infrastructures including a paved road and power line.

QA/QC

The Company has implemented a rigorous QA/QC program independently set up and supervised by P&E Mining Consultants Inc. of Brampton, Ontario. The program includes chain of custody of samples, drill core sawn in half and shipped in sealed bags to Laboratoire Expert, a certified assay laboratory located in Rouyn Noranda, Quebec. Blank samples, blind duplicates and certified standards are also inserted in the sample stream. Samples with gold values higher than 10g Au/t are systematically re-analysed, and samples containing visible gold are also analysed systematically with the metallic screen analysis.

Qualified Person

The 2010 work program is directed by Francois Viens, P. Eng., President and CEO of the Company. The technical information contained in this press release was prepared and approved by Francois Viens, President and CEO of the Company. Mr. Viens is a 'qualified person' within the meaning of that term under NI 43-101.

Forward-Looking Information

This news release contains certain "forward-looking information" under Canadian securities laws. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. Specifically, this news release contains forward looking information about the Company's plans for the work program to be carried out at Larder Lake and plans to complete a resource estimate. Forward looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company's control, including risks related to mining exploration and the availability of financing for companies such as the Company. There can be no assurance that outcomes anticipated in the forward looking information will occur, and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information, except as may be required by law.

About Bear Lake Gold

Bear Lake Gold Ltd. is engaged in the exploration of gold and precious mineral properties in North America. Additional information about the Company is available on the Company's website at www.bearlakegold.com and on SEDAR at www.sedar.com.

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.



For more information, please contact

Bear Lake Gold Ltd.
Francois Viens
President and CEO
450-677-1009
450-677-2601 (FAX)
[e-mail]

http://www.marketwire.com/press-release/Bear-Lake-Gold-Reports-High-Grade-Drill-Results-Larder-Lake-Hole-BLG-10-79-Intersects-TSX-VENTURE-BLG-1347040.htm

[mhlld]

Bear Lake Gold's neighbor, Queenston(QMI.TO), just announced a major financing with Agnico-Eagle Mines Limited ("Agnico-Eagle") for $35. million. Should draw some attention to the area.

http://www.bearlakegold.com/i/maps/Bear_Lake_claim_%20updated_09-15-10.jpg

[mhlld]

Bear Lake Gold Announces Option on the Swansea Property

LONGUEUIL, QUEBEC--(Marketwire - Oct. 25, 2010) - Bear Lake Gold Ltd. (TSX VENTURE:BLG) ("Bear Lake" or the "Company") is pleased to announce that the Company, Newstrike Resources Ltd. (TSXV: NR) ("Newstrike") and Odyssey Resources Limited (TSXV: ODX) ("Odyssey") have entered into an option agreement dated October 22, 2010 (the "Option") under which Odyssey may acquire a 25% interest in the Swansea property in Northeastern Ontario (the "Property") by spending $1.1 million on the Property.

Bear Lake and Newstrike respectively own an interest of 75% and 25% in the Property. Pursuant to the Option, Odyssey is entitled, subject to the terms and conditions of the Option, to acquire 18.75% from Bear Lake and 6.25% from Newstrike for a total of 25%. Bear Lake will be the operator of the exploration program on the Property and a drilling program should start in early November.

The Property consists of 28 leased claims located in McVittie Township in Northeastern Ontario and covers a total of 417 hectares. The Property is located 1.5 km north of the town of Larder Lake. The Swansea claims straddle the Larder-Cadillac break for some 3.6 km along strike. The break was the host of numerous gold deposits including the historic Kerr Addison mine located 11 km to the east. The Larder-Cadillac break is a wide corridor (up to 5 km) of steeply dipping and highly deformed Temiskaming sediments intercalated with ultramafic volcanic horizons. The deformation is strongest in the volcanic where strong silicification and carbonate alteration is present locally. Gold mineralization is generally associated with the strongly altered volcanic horizons.

The exercise of the Option and acquisition of the 25% interest in the Property by Odyssey is subject to Odyssey having expended aggregate expenditures of $1.1 million on the Property by March 31, 2010. Approval of the TSX Venture Exchange will be required before Odyssey can exercise the Option as a result of David Fennell and Alain Krushnisky being respectively Executive Chairman and Chief Financial Officer of Odyssey and Bear Lake.

François Viens is the Qualified Person under NI 43-101 who has reviewed the technical disclosure with respect to the Swansea Property contained in this press release. François Viens is President and CEO of Bear Lake.

Forward Looking Information

This press release contains forward-looking information. In particular, this press release contains statements concerning the commencement of an exploration program on the Swansea Property. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Forward-looking information is subject to known and unknown risks and uncertainties, and depends on assumptions and other factors, all of which may cause actual results or events to differ materially from those anticipated in such forward-looking information. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.


"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."

For more information, please contact

Bear Lake Gold Ltd.
Francois Viens
President and CEO
450-677-2172
450-677-2601 (FAX)
www.bearlakegold.com

http://www.marketwire.com/press-release/Bear-Lake-Gold-Announces-Option-on-the-Swansea-Property-TSX-VENTURE-BLG-1340338.htm

[mhlld]

Bear Lake Gold Appoints Executive Chair and Grants Options

October 19, 2010 - Longueuil, Quebec: The Board of Directors of Bear Lake Gold Ltd. (TSXV: BLG) (the “Company”) is pleased to announce that its Chairman, David Fennell, will assume the role and duties of Executive Chairman of the Company. In addition to the normal duties of Chairman, the Executive Chairman will lead the assessment of potential strategic initiatives to create and enhance value for shareholders. In consultation with François Viens, the Company’s President and CEO, he will ensure that action plans and policies are in place to meet the Company’s objectives.
The Company also announces that, subject to regulatory approval, it has approved the grant of an aggregate of 5,250,000 stock options to directors, officers, employees and consultants of the Company. Of the total, 1,630,000 options are subject to the achievement of certain performance objectives and vest only if the 20-day volume weighted average price of the Company’s common shares on the TSXV is $0.90 per share or above; and 700,000 are subject to the achievement of certain defined performance objectives. The balance of 3,620,000 options vest over a two-year period. The options have a five-year term and are exercisable at a price of $0.30, the closing price of the Company’s stock on October 15, 2010.
"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."

For further information, please contact:

Francois Viens

President and CEO

Tel: [phone]

Fax: [phone]

Website: www.bearlakegold.com

[mhlld]

Haywood back on the bid. Buying any shares offered at these levels the last few days.

[mhlld]

Bear Lake adds drill rig at Larder, extends warrants

2010-10-05 08:41 ET - News Release


Mr. Francois Viens reports

BEAR LAKE GOLD ADDS SECOND DRILL AT LARDER LAKE AND EXTENDS EXPIRY OF WARRANTS

Bear Lake Gold Ltd. has mobilized a second drill rig to accelerate the pace of its previously announced in Stockwatch on July 14, 2010, program of diamond drilling, consisting of approximately 15,000 metres focused mostly on the Bear Lake zone, at its Larder Lake project in Ontario.

The Company is also pleased to announce that it has received the consent of the TSX Venture Exchange to the extension of the term of 2,991,495 share purchase warrants issued on October 23, 2008 (the "2008 Warrants") as part of a brokered private placement of its securities. The 2008 Warrants are now exercisable for an extended term expiring on October 23, 2011. The exercise price of $0.40 is unchanged.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aBLG-1766217&symbol=BLG®ion=C

[DeSoto]

This was posted on another board.

Viele Grüße
Dagmar

Antwort:
I understand the results are not spectacular, but all three holes (for logistical reasons) were drilled at the limit of the mineralization. One even deviated too much off course and had to be abandoned.
The next phase of drilling will be in the heart of the deposit, and we are hoping for better results.

Regards

Francois Viens
President & CEO
Bear Lake Gold Ltd
1111 St Charles Street West
West Tower, Suite 411
Longueuil, QC, Canada J4K 5G4
Tel: [phone]

http://www.wallstreet-online.de/diskussion/1037391-62491-62500/nfx-gold-inc-ab-18-09-08-bear-lake-gold-ltd-registered-shares-o-n

[mhlld]

Bear Lake Gold Reports Drill Results at Larder Lake: Second Diamond Drill to Arrive Shortly

LONGUEUIL, QUÉBEC--(Marketwire - Sept. 23, 2010) - Bear Lake Gold Ltd. (the "Company") (TSX VENTURE:BLG) is pleased to announce the first drill results of its 2010 drill program at the Larder Lake property, in Ontario. Hole 49-W3 intersected 1.7 g Au/t over 9.5m in flow-type mineralization at a depth of 850m and hole 78 intersected 1.9 g Au/t over 4.5m at a depth of 700m, also in flow-type mineralization. The following table highlights the results in all three holes. The attached longitudinal sections show the location of the drill holes.

Table – Highlights

Hole From To Core Length(.1) Au (g/t) Zone

NFX-08-49W3 883.0 892.3 9.3 0.29 Carb.
1017.0 1026.5 9.5 1.74 Flow
including 1022.8 1025.5 2.7 4.75 Flow

BLG-10-77 702.5 704.0 1.5 0.16 Carb.

BLG-10-78 696.5 701.0 4.5 1.43 Carb.
735.5 738.6 3.1 1.47 UM
819.0 823.5 4.5 1.90 Flow

(.1)It is not possible at this time to determine true widths. All widths of intercepts reported are core length.

Hole 49-W3 is a re-drill of hole 49, and holes 77 and 78 were drilled on the eastern edge of the mineralized envelope for logistical reasons. The drilling confirmed the presence and extended the typical mineralized alteration zones, and intersected both Carbonate-type and Flow-type mineralization with the exception of Hole 77. This hole was abandoned after deviating too far off target and did not reach the flow-type mineralization. The intensity and characteristics of alteration encountered in these holes will allow the Company to focus more accurately on the interpreted location of the higher grade lenses within the heart of the Bear Lake deposit. The alteration can also be used as a vector toward locating higher grade zones outside the actual mineralized envelope. (See link to longitudinal map below)

Longitudinal Section Carbonate-type Mineralization: http://www.bearlakegold.com/i/maps/LarderLake_Long_Sep10_Carb.jpg

Longitudinal Section Flow-type Mineralization: http://www.bearlakegold.com/i/maps/LarderLake_Long_Sep10_Flow.jpg

2010 Work Program

Following the completion of a $3.76M Financing, the drilling program is now underway at Larder Lake with one drill working on site. A second drill is scheduled to arrive later this month to accelerate the drilling. The program consists of approximately 15,000 meters of diamond drilling focused mostly on the Bear Lake zone. The campaign will mainly target the upper part of the Bear Lake zone at depths between 400m and 1,200m from surface with the objective to define and expand the higher grade mineralized lenses, including both the Carbonate and Flow-type mineralized horizons. The objective is to complete a NI43-101 compliant resource estimate as soon as the density of drilling is sufficient on the Bear Lake zone. The Larder Lake properties extend over 13km straddling the prolific Cadillac-Larder Lake fault zone, host of the historic Kerr Addison mine (11M ounces of gold produced), which is located some 4km to the east. Easily accessible, the properties are close to major infrastructure including a paved road and power line.

QA/QC

The Company has implemented a rigorous QA/QC program independently set up and supervised by P&E Mining Consultants Inc., of Brampton, Ontario. The program includes chain of custody of samples, drill core sawn in half and shipped in sealed bags to Laboratoire Expert, a certified assay laboratory located in Rouyn Noranda, Quebec. Blank samples, blind duplicates and certified standards are also inserted in the sample stream. Samples with gold values higher than 10g Au/t are re-analysed via the metallic screen procedure. Samples containing visible gold are also analysed systematically with the metallic screen analysis.

Qualified Person

The 2010 work program is directed by Francois Viens, P. Eng., President and CEO of Bear Lake Gold. Mr. Viens is a Qualified Person as defined by NI 43-101. Mr. Viens prepared and approved the content of this press release.

Forward-Looking Information

This news release contains certain "forward-looking information" under Canadian securities laws. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. Specifically, this news release contains forward looking information about the Company's plans for the work program to be carried out at Larder Lake and plans to complete a resource estimate. Forward looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company's control, including risks related to mining exploration and the availability of financing for companies such as the Company. There can be no assurance that outcomes anticipated in the forward looking information will occur, and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information, except as may be required by law.

About Bear Lake Gold

Bear Lake Gold Ltd. is engaged in the exploration of gold and precious mineral properties in North America. Additional information about the Company is available on the Company's website, www.bearlakegold.com and on SEDAR at www.sedar.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.


For more information, please contact

Bear Lake Gold Ltd.
Francois Viens
President and CEO
450-677-1009
450-677-2601 (FAX)
[e-mail]

http://www.marketwire.com/press-release/Bear-Lake-Gold-Reports-Drill-Results-Larder-Lake-Second-Diamond-Drill-Arrive-Shortly-TSX-VENTURE-BLG-1324116.htm

[mhlld]

WEEKLY CHART same view.

[mhlld]

MONTHLY CHART could be a break out, now back testing, then up we go!!

[mhlld]

Haywood buying the pullback, price getting close to last insider buys.
Sep 09/10 Aug 30/10 Inwentash, Sheldon Direct Ownership Common Shares 10 - Acquisition in the public market 50,000 $0.340
Sep 06/10 Aug 27/10 Inwentash, Sheldon Direct Ownership Common Shares 10 - Acquisition in the public market 100,000 $0.299
http://www.canadianinsider.com/coReport/allTransactions.php?ticker=blg

[mhlld]

Haywood has been relentless in accumulating the shares of BLG, makes me wonder if a merger with Queenston might be forthcoming.
Pinetree Capital now owns a little more than 10% in both Queenston and Bear Lake Gold.
http://www.bearlakegold.com/i/images/MAP2.jpg

[mhlld]

Insiders buying again. Recent buys below.

Aug 26/10 Aug 23/10 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 94,000 $0.299

Aug 23/10 Aug 20/10 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 306,000 $0.248

http://www.canadianinsider.com/coReport/allTransactions.php?ticker=blg

[mhlld]

Haywood buying again today.

[mhlld]

Haywood still accumulating at these levels. They've been buying the last few days pushing the price up.

[mhlld]

Bear Lake lawsuit settlement receives court approval

2010-08-18 08:10 ET - News Release


Mr. Francois Viens reports

BEAR LAKE GOLD ANNOUNCES COURT APPROVAL

Bear Lake Gold Ltd. has released an update. On Aug. 10, 2010, the Ontario Superior Court of Justice approved the plaintiff's motion for certification and settlement of a proposed class action thereby dismissing the proposed lawsuit and all related claims. As previously announced, the proposed class action lawsuit was filed as reported in Stockwatch news on Aug. 25, 2009, in the Ontario Superior Court of Justice against the company and certain of its current and former officers and directors, alleging certain misrepresentations were made during the period from July 18, 2006, to July 28, 2009, regarding Bear Lake's Larder Lake project. As reported in Stockwatch news on April 5, 2010, and April 13, 2010, the company announced that an agreement in principle had been reached to settle the proposed lawsuit. The settlement agreement provides for the settlement, release and dismissal of all claims asserted against the company and the individual proposed defendants and does not in any way contain or constitute any admission of liability by the company or its officers, directors or employees.

We seek Safe Harbor.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aBLG-1751332&symbol=BLG®ion=C

[mhlld]

Big insider buys. Pinetree Capitals CEO, Sheldon Intewash, has been buying at these levels.

http://www.canadianinsider.com/coReport/allTransactions.php?ticker=blg

[mhlld]

Volume Alert. Haywood accumulating...

[mhlld]

This post is borrowed from stkhouse...

"Most have noticed Haywood has been on the buy side the last few weeks, quietly accumulating shares from anonymous. After the close today a release from the exchange listed some of the placees of the recent private placement and had several Haywood executives(and spouses?) taking part."

Robert Disbrow,V.P., 555,560 shares
Marna Disbrow,(spouse?) 555,560 shares
Eric Savics, V.P., 1,500,000 shares
Maija Savics,(spouse?) 500,000 shares
David Lyall, V.P. Institutional Sales, 500,000 shares

http://www.haywood.com/About.aspx?id=147

http://www.marketwire.com/press-release/TSX-Venture-Exchange-Daily-Bulletins-for-July-9-2010-1288185.htm

[mhlld]

Bear Lake Gold Drill Program Begins at Larder Lake

LONGUEUIL, QUÉBEC--(Marketwire - July 14, 2010) - Bear Lake Gold Ltd. (the "Company") (TSX VENTURE:BLG) is pleased to announce that it has started a drilling program at its Larder Lake property, in Ontario.

Following the completion of a $3.76M Financing, the drilling program is now underway at Larder Lake with one drill already on site. The program consists of approximately 15,000 meters of diamond drilling focused mostly on the Bear Lake zone. The campaign will mainly target the upper part of the Bear Lake zone at depths between 400m and 1,200m from surface with the objective to define and expand the higher grade mineralized lenses, including both the Carbonate and Flow-type mineralized horizons.

Forward-Looking Information

This news release contains certain "forward-looking information" under Canadian securities laws. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. Specifically, this news release contains forward looking information about the Company's plans for the drill program to be carried out at Larder Lake. Forward looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company's control, including risks related to mining exploration and the availability of financing for companies such as the Company. There can be no assurance that outcomes anticipated in the forward looking information will occur, and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information, except as may be required by law.

About Bear Lake Gold

Bear Lake Gold Ltd. is engaged in the exploration of gold and precious mineral properties in North America. Additional information about the Company is available on the Company's website, www.bearlakegold.com and on SEDAR at www.sedar.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.


For more information, please contact

Bear Lake Gold Ltd.
Francois Viens
President and CEO
450-677-1009
450-677-2601 (FAX)
[e-mail]
www.bearlakegold.com

http://www.marketwire.com/press-release/Bear-Lake-Gold-Drill-Program-Begins-at-Larder-Lake-TSX-VENTURE-BLG-1289845.htm

[mhlld]

Bear Lake Gold Ltd. announces Closing of Final Tranche of Private Placement for Aggregate Proceeds of $3,763,122


Longueuil, Québec: June 29, 2010. Bear Lake Gold Ltd. (the “Company” or “Bear Lake”) (TSX.V: BLG) is pleased to announce that it has closed the second and final tranche of its non-brokered private placement announced on May 28, 2010 (the “Financing”).



Under the final tranche of the Financing, the Company has issued an additional 6,055,600 “flow-through” common shares of the Company (“FT Shares”) at a price of $0.20 per FT Share, for gross proceeds of $1,211,120. Together with the proceeds from the first tranche closed on June 21, 2010 (please see news release issued on June 22, 2010), the Company has raised aggregate gross proceeds of $3,763,122.



In connection with FT Shares sold in tranche 2, the Company has paid aggregate cash commission of $72,667 and issued 363,336 finder’s warrants, exercisable at $0.25 to acquire one common share for 24 months from closing.



All securities issued under tranche 2 of the Financing are subject to a hold period under applicable securities laws until October 30, 2010.



The Company intends to use the gross proceeds of the sale of FT Shares mainly for exploration on its Larder Lake project. The Company intends to use the net proceeds from the sale of Units for general corporate purposes and exploration work.



About Bear Lake Gold



Bear Lake Gold is engaged in the exploration of gold and precious mineral properties in North America. Additional information about the Company is available on the Company’s website, www.bearlakegold.com and on SEDAR at www.sedar.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.

For further information please contact:



Francois Viens

President and CEO

Bear Lake Gold Ltd.
Tel: [phone]

Fax: [phone]

[e-mail]

[mhlld]

Bear Lake Gold Announces Closing of Tranche 1 of Private Placement for $2,552,002 and Drilling Program to Start

LONGUEUIL, QUEBEC--(Marketwire - June 22, 2010) - Bear Lake Gold Ltd. (TSX VENTURE:BLG)
Bear Lake Gold Ltd. (the "Company" or "Bear Lake") is pleased to announce that it has closed the first tranche of the non-brokered private placement announced on May 28, 2010 (the "Financing").

Under the first tranche of the Financing, the Company has issued 5,650,000 "flow-through" common shares of the Company ("FT Shares") at a price of $0.20 per FT Share and 7,900,009 units of its securities ("Units") at a price of $0.18 per Unit, for gross proceeds of $2,552,002. Of this, the MineralFields Group subscribed for 5,000,000 of the FT Shares for gross proceeds of $1,000,000. Each Unit consists of one common share of Bear Lake (a "Share") and one common share purchase warrant (a "Warrant"), with each Warrant exercisable to acquire one Share at $0.30 per Share for a period of 24 months from the closing date of the Financing. The Warrants are subject to a right of accelerated expiry at the Company's option where the closing price of the Shares on the TSX Venture ("TSXV") has exceeded $0.50 for twenty consecutive trading days at any time after four months and one day from closing of the Financing.

The Company expects to close the balance of the Financing within the next two weeks.

The Company has paid a cash commission of $70,000 and issued 350,000 finder's warrants in connection with FT Shares sold in tranche 1, exercisable at $0.25 to acquire one Share for 24 months from closing. In respect of Units sold under tranche 1, the Company has issued 433,000 Units in lieu of a cash commission and an additional 433,000 finder's warrants, exercisable at $0.25 to acquire one unit (with the same attributes as the Units) for 24 months.

All securities issued under tranche 1 of the Financing are subject to a hold period under applicable securities laws until October 22, 2010.

The Company intends to use the gross proceeds of the sale of FT Shares mainly for exploration on its Larder Lake project. The Company intends to use the net proceeds from the sale of Units for general corporate purposes and exploration work.

The Company expects to initiate a drilling campaign of approximately 15,000 meters on its Larder Lake project within the next two weeks. The campaign will mainly target the upper part of the Bear Lake zone at depths between 400m and 1,200m from surface with the objective to define and expand the higher grade mineralized lenses, including both the Carbonate and Flow-type mineralized horizons.

Forward-Looking Information

This news release contains certain "forward-looking information" under Canadian securities laws. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. Specifically, this news release contains forward looking information about the Company's plans to complete the balance of the Financing on the terms announced, as well as its plans for the drill program to be carried out at Larder Lake, including without limitation, the timing and expected results of exploration. Forward looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company's control, including risks related to capital markets and the availability of financing for companies such as the Company. There can be no assurance that outcomes anticipated in the forward looking information will occur, and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information, except as may be required by law.

About MineralFields Group

MineralFields Group (a division of Pathway Asset Management), based in Toronto, Vancouver, Montreal and Calgary, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities ® (a division of Limited Market Dealers Inc.) is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies through First Canadian Securities ®.

About Bear Lake Gold

Bear Lake Gold is engaged in the exploration of gold and precious mineral properties in North America. Additional information about the Company is available on the Company's website, www.bearlakegold.com and on SEDAR at www.sedar.com.



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.


For more information, please contact

Bear Lake Gold Ltd.
Francois Viens
President and CEO
450-677-1009
450-677-2601 (FAX)
[e-mail]

http://www.marketwire.com/press-release/Bear-Lake-Gold-Ltd-Announces-Closing-Tranche-1-Private-Placement-2552002-Drilling-Program-TSX-VENTURE-BLG-1279787.htm

[mhlld]

After the PP closes I'm expecting a drill program to be announced with drillers back on the property almost immediately.

[mhlld]

I imagine after the final settlement is announced a PP will take place and drilling will resume.

[mhlld]

Pinetree Capital Ltd. Acquires Securities of Bear Lake Gold Ltd.
TORONTO, ONTARIO--(Marketwire - April 7, 2010) - Pinetree Capital Ltd. (TSX:PNP), announces that through a series of transactions ending on April 5, 2010, Pinetree acquired ownership of 1,939,000 common shares ("Common Shares") of Bear Lake Gold Ltd. ("Bear Lake") through the facilities of the TSX Venture Exchange representing approximately 2.2% of the total issued and outstanding common shares of Bear Lake as of April 5, 2010. As a result of this transaction, Pinetree held, as at April 5, 2010, an aggregate of 11,295,000 common shares of Bear Lake, including the Common Shares, and rights to acquire an additional 1,750,000 common shares of Bear Lake upon the exercise of convertible securities (collectively, the "Convertible Securities"). In the event that the Convertible Securities are fully exercised, the holdings of Pinetree represent a total of 13,045,000 common shares of Bear Lake, or approximately 14.2% of all issued and outstanding common shares as at April 5, 2010, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only.

These transactions were made for investment purposes and Pinetree could increase or decrease its investment in Bear Lake depending on market conditions or any other relevant factor.

About Pinetree

Pinetree Capital Ltd. ("Pinetree") was incorporated under the laws of the Province of Ontario and its shares are publicly-traded on the Toronto Stock Exchange ("TSX") under the symbol "PNP". Pinetree is a diversified investment and merchant banking firm focused on the small cap market. Pinetree's investments are primarily in the resources sector: Uranium, Oil & Gas, Precious Metals, Base Metals and Potash, Lithium and Rare Earths. Pinetree's investment approach is to develop a macro view of a sector, build a position consistent with the view by identifying micro-cap opportunities within that sector, and devise an exit strategy designed to maximize our relative return in light of changing fundamentals and opportunities.

For more details about Pinetree and its investments, please visit our website at www.pinetreecapital.com.

http://www.marketwire.com/press-release/Pinetree-Capital-Ltd-Acquires-Securities-of-Bear-Lake-Gold-Ltd-TSX-PNP-1144086.htm

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Bear Lake Gold Announces Conditional Settlement of Class Action Lawsuit

Press Release Source: Bear Lake Gold Ltd. On Monday April 5, 2010, 11:35 am
LONGUEUIL, QUEBEC--(Marketwire - April 5, 2010) - Bear Lake Gold Ltd. (the "Company") (TSX VENTURE:BLG - News) is pleased to announce that it has reached an agreement in principle to settle the class action commenced in Ontario against the Company, its directors and certain of its current and former officers (the "Class Action"). The claims in the Class Action remain unproven and the Class Action has not received court approval.

The agreement in principle provides for the settlement, release and dismissal of all claims asserted against the Company and the individual proposed defendants other than the Company's former Vice President Exploration (it is currently anticipated that a settlement including Mr. Bernard Boily will be reached by April 9, 2010). The settlement amount is to be funded primarily through directors and officers insurance coverage, with a contribution from the Company. The agreement in principle remains subject to final settlement documentation and court approval. The proposed settlement does not and will not constitute any admission of liability by the Company or its officers, directors or employees.

Forward-looking Statements

This news release contains certain "forward-looking statements". All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future, are forward-looking statements. These forward-looking statements reflect the current internal projections, expectations or beliefs of management of the Company based on information currently available to them. Forward-looking statements are subject to a number of known and unknown risks and uncertainties beyond the Company's control. There can be no assurance that such statements will prove to be accurate. In particular, there can be no assurance that the settlement described herein will be completed upon the terms described or at all, or that other actions will not be commenced against the Company in respect of the same subject matter. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

"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."

Contact:
Francois ViensBear Lake Gold Ltd.President and CEO450-677-2172450-677-2601 (FAX)http://www.bearlakegold.com/David FennellBear Lake Gold Ltd.Chairman450-677-2258Carole PlanteBear Lake Gold Ltd.Corporate Secretary450-677-2065

http://finance.yahoo.com/news/Bear-Lake-Gold-Announces-ccn-2249695274.html/print?x=0

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Bear Lake Gold Announces Data Inconsistencies that may Compromise Prior Technical Disclosure Related to the Larder Lake Property

Press Release
Source: Bear Lake Gold Ltd.
On Tuesday July 21, 2009, 3:23 pm EDT
LONGUEUIL, QUEBEC--(Marketwire - July 21, 2009) - Bear Lake Gold Ltd. (the "Company") (TSX VENTURE:BLG - News) today said that it has become aware of material inconsistencies regarding the Company's exploration data that appear to compromise the Company's prior reporting of exploration results in respect of the Company's Larder Lake Property. These matters were uncovered on Friday, July 17, 2009, when InnovExplo Inc., the independent technical consulting firm engaged by the Company to complete a resource estimation of the Bear Lake zone and draft a NI 43-101 technical report in respect of the Larder Lake Property, detected certain data inconsistencies and raised concerns with senior management of the Company. Management immediately brought these matters to the attention of the Board of Directors.

The Company said that the inconsistencies appear to involve core drilled to evaluate the Larder Lake Property and the validity and reporting of assay data related thereto, potentially affecting a significant portion of the database for the Bear Lake zone of the Larder Lake Property. Upon learning of these matters, the Company immediately commenced an investigation, both internally and externally with the assistance of InnovExplo Inc., which investigation has been proceeding expeditiously. Given the nature of these matters, the Company has retained Scott Wilson Roscoe Postle Associates to lead the technical investigation and Stikeman Elliott LLP to lead the legal aspects of the investigation and to advise the Board.

The Company said that although it is too early in the investigation to determine precisely the effect of the inconsistencies, based upon the results of the investigation to date it appears that the data inconsistencies are of a serious nature and the Company believes that the reporting of corrected assay results may result in significant reductions of gold values for some of the previously announced drilling intercepts.

Based upon what the Company has learned to date, the Company's Vice President Exploration, who has also been the Company's internal qualified person in respect of the technical content of the Company's public disclosure about its exploration program at the Larder Lake Property, has been suspended pending the finalization/outcome of the Company's complete internal investigation.

The Company's Chairman, David Fennell, said "The Board and I are deeply concerned about what we have learned and we are working with our independent advisors to ascertain as quickly as possible exactly the nature, scope and effect of the inconsistencies."

The Board has established a Technical Committee comprised of Messrs Fennell, Stephen Quin and Alex Horvath, to supervise the investigation, review internal technical procedures and make recommendations to the Board. The investigation will address, among other things, the extent of the time frame over which the inconsistencies occurred.

At this time the Company is not aware of any inconsistencies with respect to any of its projects other than the Larder Lake Property. The Company will review the data with respect to its other projects.

It is the Company's understanding that trading in the Company's shares will remain halted as the Exchange reviews this matter and the Company provides additional clarification to the Exchange on the status of its internal and external investigations.

The Company is investigating as quickly as possible and will provide additional information as soon as practicable.

Forward-looking Statements

This news release contains certain "forward-looking statements". All statements, other than statements of historical fact, that address activities, events or developments that Bear Lake believes, expects or anticipates will or may occur in the future, are forward-looking statements. These forward-looking statements reflect the current internal projections, expectations or beliefs of management of Bear Lake based on information currently available to them. Forward-looking statements are subject to a number of known and unknown risks and uncertainties beyond Bear Lake's control, including uncertainties related to the outcome of the investigation referred to herein, potential mineralization, exploration results, completion of work program, and availability of equipment necessary for the drilling program and future plans and objectives of the companies. Resource exploration, development and operations are highly speculative, characterized by a number of significant risks, which even a combination of careful evaluation, experience and knowledge may not eliminate, including, among other things, unprofitable efforts resulting not only from the failure to discover mineral resources but from finding mineral deposits which, though present, are insufficient in quantity and quality to return a profit from production. There can be no assurance that such statements will prove to be accurate and actual results could differ materially from those suggested by these forward-looking statements for various reasons discussed from time to time in filings made by the companies with securities regulatory authorities. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. Bear Lake undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

"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."

Contact:
Carole Plante, Corporate SecretaryBear Lake Gold Ltd.450-677-2065450-677-2601 (FAX)Evie Sheppard, Legal CounselBear Lake Gold Ltd.450-677-2296450-677-2601 (FAX)www.bearlakegold.com Bear Lake Gold Announces Data Inconsistencies that may Compromise Prior Technical Disclosure Related to the Larder Lake Property
Press Release
Source: Bear Lake Gold Ltd.
On Tuesday July 21, 2009, 3:23 pm EDT
LONGUEUIL, QUEBEC--(Marketwire - July 21, 2009) - Bear Lake Gold Ltd. (the "Company") (TSX VENTURE:BLG - News) today said that it has become aware of material inconsistencies regarding the Company's exploration data that appear to compromise the Company's prior reporting of exploration results in respect of the Company's Larder Lake Property. These matters were uncovered on Friday, July 17, 2009, when InnovExplo Inc., the independent technical consulting firm engaged by the Company to complete a resource estimation of the Bear Lake zone and draft a NI 43-101 technical report in respect of the Larder Lake Property, detected certain data inconsistencies and raised concerns with senior management of the Company. Management immediately brought these matters to the attention of the Board of Directors.

The Company said that the inconsistencies appear to involve core drilled to evaluate the Larder Lake Property and the validity and reporting of assay data related thereto, potentially affecting a significant portion of the database for the Bear Lake zone of the Larder Lake Property. Upon learning of these matters, the Company immediately commenced an investigation, both internally and externally with the assistance of InnovExplo Inc., which investigation has been proceeding expeditiously. Given the nature of these matters, the Company has retained Scott Wilson Roscoe Postle Associates to lead the technical investigation and Stikeman Elliott LLP to lead the legal aspects of the investigation and to advise the Board.

The Company said that although it is too early in the investigation to determine precisely the effect of the inconsistencies, based upon the results of the investigation to date it appears that the data inconsistencies are of a serious nature and the Company believes that the reporting of corrected assay results may result in significant reductions of gold values for some of the previously announced drilling intercepts.

Based upon what the Company has learned to date, the Company's Vice President Exploration, who has also been the Company's internal qualified person in respect of the technical content of the Company's public disclosure about its exploration program at the Larder Lake Property, has been suspended pending the finalization/outcome of the Company's complete internal investigation.

The Company's Chairman, David Fennell, said "The Board and I are deeply concerned about what we have learned and we are working with our independent advisors to ascertain as quickly as possible exactly the nature, scope and effect of the inconsistencies."

The Board has established a Technical Committee comprised of Messrs Fennell, Stephen Quin and Alex Horvath, to supervise the investigation, review internal technical procedures and make recommendations to the Board. The investigation will address, among other things, the extent of the time frame over which the inconsistencies occurred.

At this time the Company is not aware of any inconsistencies with respect to any of its projects other than the Larder Lake Property. The Company will review the data with respect to its other projects.

It is the Company's understanding that trading in the Company's shares will remain halted as the Exchange reviews this matter and the Company provides additional clarification to the Exchange on the status of its internal and external investigations.

The Company is investigating as quickly as possible and will provide additional information as soon as practicable.

Forward-looking Statements

This news release contains certain "forward-looking statements". All statements, other than statements of historical fact, that address activities, events or developments that Bear Lake believes, expects or anticipates will or may occur in the future, are forward-looking statements. These forward-looking statements reflect the current internal projections, expectations or beliefs of management of Bear Lake based on information currently available to them. Forward-looking statements are subject to a number of known and unknown risks and uncertainties beyond Bear Lake's control, including uncertainties related to the outcome of the investigation referred to herein, potential mineralization, exploration results, completion of work program, and availability of equipment necessary for the drilling program and future plans and objectives of the companies. Resource exploration, development and operations are highly speculative, characterized by a number of significant risks, which even a combination of careful evaluation, experience and knowledge may not eliminate, including, among other things, unprofitable efforts resulting not only from the failure to discover mineral resources but from finding mineral deposits which, though present, are insufficient in quantity and quality to return a profit from production. There can be no assurance that such statements will prove to be accurate and actual results could differ materially from those suggested by these forward-looking statements for various reasons discussed from time to time in filings made by the companies with securities regulatory authorities. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. Bear Lake undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

"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."

Contact:
Carole Plante, Corporate SecretaryBear Lake Gold Ltd.450-677-2065450-677-2601 (FAX)Evie Sheppard, Legal CounselBear Lake Gold Ltd.450-677-2296450-677-2601 (FAX)www.bearlakegold.com

http://finance.yahoo.com/news/Bear-Lake-Gold-Announces-Data-ccn-4006619753.html?x=0&.v=1

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Weekly Chart

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Bear Lake Gold Reports New High-Grade Gold Intercepts From its Bear Lake Gold Zone in Larder Lake, Ontario

Hole #67 intersected 7.5 meters grading 10.4 g/t gold, hole #67W cut 7.9 meters grading 22.5 g/t, hole #69 intersected 7.0 meters grading 16.3 g/t gold, hole #70 cut 4.5 meters assaying 11.0 g/t gold

Source: Bear Lake Gold Ltd.
On Tuesday July 14, 2009, 9:37 am EDT

LONGUEUIL, QUEBEC--(Marketwire - July 14, 2009) - Bear Lake Gold Ltd. ("Bear Lake Gold") (TSX VENTURE:BLG - News) is pleased to report additional results from the infill core drilling program on the Bear Lake gold zone of its 100% owned Larder Lake Project, located in north eastern Ontario.

Hole #67 intersected, at a vertical depth of 700 meters, a 7.5 meter section of carbonate-type mineralization grading 10.4 g/t gold, including 2.7 meters at a grade of 17.9 g/t gold.

- A wedge placed in hole #67 (hole 67W) re-tested the carbonate-type zone (less than a meter away) and cut a 7.9 meter section which assayed 22.5 g/t gold, including 4.3 meters grading 37.5 g/t gold.

- Hole #69 intersected, at a vertical depth of 460 meters, a 7.0 meter section of carbonate-type mineralization grading 16.3 g/t gold and, at a depth of 540m vertical, 1.5 meters of altered ultramafic assaying 20.6 g/t gold.

- Hole #69 also intersected, at a vertical depth of 675 meters, 2.2 meters of flow-type mineralization yielding 11.7 g/t gold.

- Hole #70 cut, at a vertical depth of 380 meters, 4.5 meters of carbonate-type mineralization assaying 11.0 g/t gold.

These holes were all part of the infill program designed to reduce hole spacing and increase the confidence level in one of the higher-grade gold lenses within the heart of the Bear Lake zone. This infill drilling program at Bear Lake continues to successfully define the high-grade portion of the deposit and results obtained to date confirm our interpretation that both high-grade and lower-grade mineralized zones occur within a wide alteration envelope.

Highlights of new Larder Lake Assay Results - Bear Lake Area

---------------------------------------------------------------------------
Core True
Hole no. From To Length Width Au Mineralization
(m) (m) (m) (m) (g/t) Type
---------------------------------------------------------------------------
BLG09-67 719.7 727.2 7.5 6.5 10.4 Carbonate-type
including 724.5 727.2 2.7 2.3 17.9
---------------------------------------------------------------------------
BLG09-67W(i) 717.5 725.4 7.9 6.8 22.5 Carbonate-type
including 718.7 723.0 4.3 3.7 37.5
---------------------------------------------------------------------------
BLG09-69 586.0 593.0 7.0 6.8 16.3 Carbonate-type
and 672.5 674.0 1.5 1.4 20.6 Altered
ultramafic
750.7 752.9 2.2 2.1 11.7 Flow-type
---------------------------------------------------------------------------
BLG09-70 475.5 480.0 4.5 4.4 11.0 Carbonate-type
666.3 673.3 7.0 6.8 0.7 Flow-type
---------------------------------------------------------------------------
(i) Assays pending in other parts of the hole


Re-sampling Program

After receiving unexpectedly low assay results from several intercepts that were suspected to contain gold tellurides, the presence of which can sometimes result in underestimation of gold values unless precautions are taken, samples suspected to contain tellurides were re-assayed. Despite that most of the results show no significant difference, there were 5 assays results from holes 49W2, 56A, 58, 59 and 59W that did show some significant increase in gold content, which should have a positive impact on the upcoming resource estimates. These results were confirmed by an independent assay laboratory. The most significant results from this re-sampling program are shown in the table below.




Most Significant Assay results - Re-sampling Program

---------------------------------------------------------------------------
Length Original
Hole no. From To (True width) values Re-assays Mineralization
(m) (m) (m) Au (g/t) Au (g/t) Type
---------------------------------------------------------------------------
NFX08-58 1067.4 1075.9 6.0 1.1 6.5 Carbonate-type
---------------------------------------------------------------------------
BLG08-59 1133.0 1136.5 2.1 1.7 10.5 Carbonate-type
---------------------------------------------------------------------------
BLG08-59W 1466.8 1469.6 1.7 2.3 6.7 Flow-type
---------------------------------------------------------------------------
NFX08-56A 1221.5 1222.6 0.6 4.8 23.4 Flow-type
---------------------------------------------------------------------------
NFX08-49W2 1033.5 1040.2 6.5 1.4 9.9 Flow-type
---------------------------------------------------------------------------


Gold tellurides were frequently observed at the Kerr-Addison mine, located 5 km to the east and are found in several gold deposits located along the Larder Lake-Cadillac Break. To ensure that the most accurate gold values are obtained, minor modifications were made to further improve our assay protocol and all assays reporting above 2 g/t gold are now re-assayed three times.

Link to flow-type mineralization diagram: http://media3.marketwire.com/docs/Flow-Type.pdf

Link to carb-type mineralization diagram: http://media3.marketwire.com/docs/Carb-Type.pdf

The gold mineralized system identified at Bear Lake includes both high-grade and low-grade mineralized shoots, similar to the ore zone setting at the former Kerr Addison mine, and tighter drilling is necessary to establish the size and extent of the high-grade zones within this large gold mineralized envelope.

Link to complete assay results to date from the Bear Lake Area as at July 14, 2009: http://media3.marketwire.com/docs/CompleteAssayResults_07142009.pdf

Project Update

Three drill rigs are currently working at Larder Lake on the infill drilling of the higher-grade portion of the Bear Lake zone between depths of 400 to 800 meters. Since drilling started in March 2007, more than 55,000 meters of diamond drilling have been completed at Larder Lake.

Work is on-going to complete an initial mineral resource estimate and a NI 43-101 compliant technical report on the Bear Lake zone during the summer of 2009.

Quality Assurance and Control

As part of its QA/QC program, Bear Lake Gold carried out check assays on the high-grade intersections, with no significant discrepancies found in the assay results. The assays reported are the uncut average grades of all determinations from the same samples. The analytical method for gold is one (1) assay-ton fire assay, with gravimetric finish on all samples. All assays reporting over 2 g/t gold are automatically re-checked using the rejects. Assaying is done at Polymet Inc., a certified assay laboratory located in Cobalt, Ontario. The quality control process includes inserting blank samples and certified standards within each batch sent to the laboratory. All rejects from samples grading above 2g/t gold and randomly-selected rejects from samples below 2g/t gold are also sent to another certified laboratory as part of Bear Lake Gold's quality control procedures.

Hope Bay Update

The exploration program at the Hope Bay project is scheduled to start mid-July. The work will focus on the Discovery/Twin Peaks areas located to the north of the project. The proposed targets are all within 10km from Newmont's Doris and Madrid gold deposits. A total of 1,100 meters of drilling is planned to test gold mineralization targets coinciding with surface showings and/or geophysical anomalies. The program will take approximately one month to complete at a total cost of $892,000.

Through its wholly-owned subsidiary Maximus Ventures Ltd. ("Maximus"), Bear Lake is currently in the sixth year of an option to earn in to a 75% joint venture interest in the Chicago and Twin Peaks claims groups at Hope Bay, Nunavut (the "Hope Bay project"). To earn its 75% interest in the Hope Bay project, Maximus must incur exploration expenditures of $7,250,000 before October 31, 2010, and issue a total of 5,000,000 common shares, which have been issued. In order to fulfill its cumulative expenditure requirements for 2009, a total of $892,000 must be spent on the project before October 31st, 2009.

Qualified Person

The technical content of the information contained in this news release was reviewed and approved by Mr. Bernard Boily, P. Geo., Bear Lake Gold's Vice President of Exploration. He is responsible for supervising the drilling program and is a qualified person under National Instrument 43-101.

Forward-looking Statements

This news release contains certain "forward-looking information". All statements, other than statements of historical fact, that address activities, events or developments that Bear Lake Gold believes, expects or anticipates will or may occur in the future, are forward-looking information. This forward-looking information reflects the current internal projections, expectations or beliefs of management of Bear Lake Gold, based on information currently available to them. Forward looking information in this news release includes statements regarding the nature of mineralization at Larder Lake, the interpretation of drilling results on the project and the plan to define a NI 43-101 resource at Larder Lake. Forward-looking information is based on assumptions and subject to a number of known and unknown risks and uncertainties beyond Bear Lake Gold's control, including uncertainties related to the outcome of the current drill program and other risks involved in the gold exploration and development industry, as well as those risk factors identified in Bear Lake Gold 's most recent Management Discussion and Analysis filed on SEDAR. There can be no assurance that the beliefs and assumptions underlying the forward looking information will prove to be accurate, and actual results could differ materially from those suggested by the forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Bear Lake Gold undertakes no obligation to update publicly or otherwise revise any forward-looking information, except as may be required by law.

Additional information about Bear Lake Gold is available through regular filings and press releases on SEDAR and on the Company's website at www.bearlakegold.com .

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.

Contact:
Francois ViensBear Lake Gold Ltd.President and CEO450-677-1009450-677-2601 (FAX)www.bearlakegold.comGerri PaxtonBear Lake Gold Ltd.Manager, Investor Relations450-677-2054450-677-2601 (FAX)[e-mail]

http://finance.yahoo.com/news/Bear-Lake-Gold-Reports-New-ccn-966781643.html?x=0&.v=1

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Bear Lake Gold announces new high-grade gold intercepts from its Bear Lake gold zone- NEWS RELEASE / Dated June 9, 2009

Longueuil, Québec: June 9, 2009. Bear Lake Gold Ltd. ("Bear Lake Gold") (TSX.V: BLG) is pleased to announced more results from the infill drilling program on the Bear Lake gold zone of its 100% owned Larder Lake Project, located in north eastern Ontario.

Hole #65 intersected, at a vertical depth of 600 meters, a 6.7 meter section of carbonate-type mineralization grading 6.2 g/t gold, including 3.0 meters at a grade of 10.0 g/t gold.

Hole #66 intersected, also at a vertical depth of 600 meters, a 9.6 meter section of carbonate-type mineralization grading 8.4 g/t gold, including 2.7 meters which yielded 10.6 g/t gold and 3.1 meters that assayed 14.8 g/t gold.

Hole #66 also cut, at a vertical depth of 700 meters, 5.6 meters of flow-type mineralization assaying 7.1 g/t gold, including 3.2 meters grading 10.5 g/t gold.

Hole #53W3 cut, at a vertical depth of 975 meters, a 1.0 meter section of carbonate-type mineralization grading 10.5 g/t gold.

Holes #65 and #66 were drilled as part of the in-fill program designed to reduce hole spacing and increase confidence in one of the higher grade gold envelopes within the heart of the Bear Lake zone. Due to technical difficulties, hole #65 did not reach the projected flow-type mineralization but has been wedged and is in progress towards the flow-type mineralization. This infill drilling program at Bear Lake continues to successfully define the high grade portion of the deposit and results obtained to date confirm our interpretation that both high grade and lower grade mineralized zones occur within a wide alteration envelope.

Hole #53W3 is part of the program to wedge and deepen holes previously stopped short by broken ground associated with a fault zone, located about half way between the carbonate and flow-type mineralized zones that compose the Bear Lake gold deposits. This hole crossed the broken ground area but was stopped early due to technical problems. However, the intersection of 1.0 meter of albitized carbonate mineralization grading 10.5 g/t gold confirms the presence of high grade gold values on the other side of the fault, within the large and broad zone of alteration and gold mineralization, at depths of more than 900 meters.

The gold mineralized system identified at Bear Lake includes both high-grade and low-grade mineralized shoots, similar to the ore zone setting at the former Kerr Addison Mine located 5 km to the east, and tighter drilling is necessary to establish the size and extent of the high-grade zones within this large gold mineralized envelope.

Project Update

Three drill rigs are currently working at Larder Lake on the infill drilling of the higher-grade portion of the Bear Lake zone between depths of 400 to 800 meters. Since drilling started in March 2007, more than 52,000 meters of diamond drilling have been completed at Larder Lake.

Work is on-going to complete an initial mineral resource estimate and a NI 43-101 compliant technical report on the Bear Lake zone during the summer of 2009.

Quality Assurance and Control

As part of its QA/QC program, Bear Lake Gold carried out check assays on the high-grade intersections, with no significant discrepancies found in the assay results. The assays reported are the uncut average grades of all determinations from the same samples. The analytical method for gold is one (1) assay-ton fire assay, with gravimetric finish on all samples. All assays reporting over 2 g/t gold are automatically re-checked using the rejects. Assaying is done at Polymet Labs in Cobalt, Ontario. The quality control process includes inserting blank samples and certified standards within each batch sent to the laboratory.

Qualified Person

The technical content of the information contained in this news release was reviewed and approved by Mr. Bernard Boily, P. Geo., Bear Lake Gold's Vice President of Exploration. He is responsible for supervising the drilling program and is a qualified person under National Instrument 43-101.


Forward-looking Statements


This news release contains certain "forward-looking information". All statements, other than statements of historical fact, that address activities, events or developments that Bear Lake Gold believes, expects or anticipates will or may occur in the future, are forward-looking information. This forward-looking information reflects the current internal projections, expectations or beliefs of management of Bear Lake Gold, based on information currently available to them. Forward looking information in this news release includes statements regarding the nature of mineralization at Larder Lake, the interpretation of drilling results on the project and the plan to define a NI43-101 resource at Larder Lake. Forward-looking information is based on assumptions and subject to a number of known and unknown risks and uncertainties beyond Bear Lake Gold's control, including uncertainties related to the outcome of the Company's current drill program and other risks involved in the gold exploration and development industry, as well as those risk factors identified in the Company's most recent Management Discussion and Analysis filed on SEDAR. There can be no assurance that the beliefs and assumptions underlying the forward looking information will prove to be accurate, and actual results could differ materially from those suggested by the forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Bear Lake Gold undertakes no obligation to update publicly or otherwise revise any forward-looking information, except as may be required by law.



"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."



Additional information about the Company is available through regular filings and press releases on SEDAR and on the Company's website.



For further information please contact:





Francois Viens

President and CEO

Bear Lake Gold Ltd.

Tel: [phone]

Fax: [phone]

www.bearlakegold.com
Gerri Paxton

Manager, Investor Relations

Bear Lake Gold Ltd.

Tel: [phone]

Fax: [phone]

[e-mail]