Bearclaw Capital Corp.

Bearclaw Capital Corp.

March 19, 2008 08:45 ET

Bearclaw Announces the Closing of the James Bay Property Acquisition; Hires Dresden Capital for Investor Relations

MONTREAL, QUEBEC--(Marketwire - March 19, 2008) - Bearclaw Capital Corp. (TSX VENTURE:BRL) is pleased to announce that it has closed its previously-announced James Bay property acquisition and has acquired a 100% interest in four prospective uranium properties, consisting of a total of 1,579 claims, in the James Bay region of Quebec. For further information, please refer to Bearclaw's October 5, 2007 and January 17, 2008 press releases.

Bearclaw is also pleased to announce that it has retained Dresden Capital of Montreal to provide Investor Relations services for a 6 month period. Bearclaw may terminate the agreement at any time on 30 days notice. Bearclaw will pay Dresden a monthly fee of $10,000 and, upon implementing an option plan and subject to obtaining the required approvals, has agreed to grant Dresden an option to acquire 150,000 shares in accordance with Exchange policies.

This news release may contain forward-looking statements. Known and unknown risks and uncertainties may cause actual events or results to materially differ from those expressed or implied by any such forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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  • Bearclaw Capital Corp.
    Christian de Saint-Rome