Bearing Resources Commences Drilling at the October Dome Gold Project, British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 27, 2012) - Bearing Resources Ltd. ("Bearing", or the "Company") (TSX VENTURE:BRZ) is pleased to announce the commencement of drilling at the Company's October Dome gold project in British Columbia, Canada.

The 100% owned October Dome property is located 6 kilometres west of the town of Likely in the Cariboo Mining Division of British Columbia. The October Dome gold project forms part of Bearing's larger landholdings in the area which are adjacent with both Imperial Metals Corporation's Mount Polley porphyry copper-gold mine property (10 kilometres to the south) and Barkerville Gold Mines Ltd.'s QR skarn gold mine property (7 kilometres to the northwest).

The 1,000 metre (5 hole) diamond drill program will target the southern end of a 4 kilometre long gold and copper soil anomaly coincident with an induced polarization ("IP") chargeability anomaly. The target area is extensively covered by overburden with limited bedrock exposure comprised of diorite and syenite intrusions and sediments. The drill program is expected to be completed in September.

Robert Cameron, P.Geo., who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release. The October Dome Property is the subject of a 43-101 Technical Report filed on SEDAR, June 7, 2011.

About Bearing Resources

Bearing is a Canadian based precious and base metal exploration company with projects located in British Columbia, the Yukon and Mexico. Bearing is exploring at the ~40,000 hectares Mapimi gold-silver project located in the Altiplano Region of eastern Durango, Mexico. Bearing has an option to earn up to a 65% interest in the 12,113 hectare Zymo copper-gold project ("Zymo"), located 45 kilometres west from the town of Smithers, British Columbia. The Company's Mount Polley and October Dome copper-gold projects are located in British Columbia near Imperial Metals Corporation's ("Imperial") Mt. Polley copper-gold mine and includes a production royalty on the Boundary property, with Imperial. In the Yukon, Ryan Gold Corp. has been granted a right to earn up to 75% interest in Bearing's Flume property located within the White Gold District.

BEARING RESOURCES LTD.

Geoff Chater, President & CEO

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Such forward-looking statements or information, including but not limited to, those with respect to estimated exploration programs, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of Bearing to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such factors include, among others, the actual prices of commodities, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in documents filed from time to time with the securities regulators in the applicable Provinces of British Columbia and Alberta.