Bear Creek Mining Corporation, Vancouver, BC

Bear Creek Mining's Corani and Santa Ana Projects (subject to disclosure from June 25th 2011 press release) contain more than 500 million ounces of silver of which over 330 million ounces are in reserves providing near-term production potential and excellent leverage to silver prices. The feasibility study for the flagship Corani Project estimates average annual production of over 13 million ounces of silver (plus lead and zinc credits) for the first five years of a 20-year mine life, with extremely low cash costs and fast payback of capital costs. Corani represents approximately 89% of the Company's value on a reserve basis considering the recovered base metals credits and 80% of the value on a pure silver basis. Corani is proceeding towards permitting and construction.