Bear Lake Gold Ltd.

Bear Lake Gold Ltd.

September 29, 2010 08:30 ET

Bear Lake Gold Announces Warrant Extension Application

LONGUEUIL, QUEBEC--(Marketwire - Sept. 29, 2010) - Bear Lake Gold Ltd. (TSX VENTURE:BLG) (the "Company") announces that it is applying to the TSX Venture Exchange (the "TSXV") for approval of an extension to 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 – see new release issued October 23, 2008. The 2008 Warrants are exercisable at $0.40 for an original term expiring on October 23, 2010. The Company is seeking a one year extension of the term to October 23, 2011. The exercise price will remain unchanged. The extension remains subject to the acceptance of the TSXV.

Forward-Looking Information

This news release contains certain forward-looking information within the meaning of applicable securities laws, which reflect current expectations of the management of Bear Lake Gold Ltd. regarding future events including, without limitation, statements relating to the acceptance of the warrant extension by the TSX Venture Exchange. The Company believes that the expectations and assumptions reflected in the forward-looking information contained herein are reasonable but no assurance can be given that these expectations and assumptions are correct or that that the results implied by forward-looking statements herein will occur. The Company assumes no duty to update or revise forward looking information, except as may be required pursuant to applicable laws. All forward-looking information is expressly qualified in its entirety by this cautionary statement.

"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."

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