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box532on May 14, 2012 10:55am
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Post# 19905660
Bear Lake Gold Announces Settlement of Lawsuit
Bear Lake Gold Announces Settlement of LawsuitBear Lake Gold Ltd.
TSX VENTURE : BLG
May 14, 2012 10:39 ET
Bear Lake Gold Announces Settlement of Lawsuit
LONGUEUIL, QUÉBEC--(Marketwire - May 14, 2012) - Bear Lake Gold Ltd. (TSX VENTURE:BLG) is pleased to announce the settlement of a claim initiated against the Company in 2010 by Polymet Resources Inc. (Polymet Labs), an assay laboratory in Cobalt, Ontario. The lawsuit was dismissed on a without cost basis. Bear Lake has always recognized that Polymet was not responsible for the data inconsistencies discovered in 2009, as was later confirmed by the independent investigation. Bear Lake regrets the inconvenience that this matter has caused to Polymet. Bear Lake and Polymet are pleased to put an end to the litigation.
About Bear Lake Gold
Bear Lake Gold Ltd. is focused on the exploration and development of the Larder Lake gold project in Ontario, Canada. 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.com and on SEDAR at www.sedar.ca.