Vancouver, British Columbia--(Newsfile Corp. - November 17, 2016) - Bearing Resources Ltd. (TSXV: BRZ) (the "Company" or
"Bearing") announces that it has, subject to subject to regulatory approval, retained Venture Liquidity Providers Inc. (VLP)
to initiate its market-making service to provide assistance in maintaining an orderly trading market for the common shares of the
Company.
The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with the
applicable policies of the TSX Venture Exchange and other applicable laws.
For its services, the Company has agreed to pay VLP $5000 per month for a period of 12 months. The agreement may be terminated
at any time by the Company or VLP. The Company and VLP act at arm's length, and VLP has no present interest, directly or
indirectly, in the Company or its securities. The finances and the shares required for the market-making service are provided by
W.D. Latimer. The fee paid by the Company to VLP is for services only.
VLP is a specialized consulting firm based in Toronto providing a variety of services focused on TSX Venture Exchange listed
issuers.
"VLP is a well-established market maker in Canadian public markets and we're confident that their services will support the
trading of the Company's common shares," said Jeremy Poirier, President and Chief Executive Officer of the Company.
ON BEHALF OF THE BOARD
Signed "Jeremy Poirier"
Jeremy Poirier, President and CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Jeremy Poirier— President and CEO Bearing Resources - Telephone: 1-604-722-9842
Neither the 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.
Cautionary Statements Regarding Forward Looking Information
This news release includes certain "forward-looking information" and "forward-looking statements" (collectively
"forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the
United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact,
included herein, without limitation, statements relating to the future operating or financial performance of the Company, are
forward-looking statements.
Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes",
"intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will",
"may", "could", or "should" occur or be achieved. Forward-looking statements in this news release relate to, among other things
the impact of VLP's services on trading of the Company's common shares. Actual future results may differ materially.
There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ
materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on
the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the
respective parties, are inherently subject to significant business, economic and competitive uncertainties and
contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially
different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements
and the parties have made assumptions and estimates based on or related to many of these factors. Readers should not
place undue reliance on the forward-looking statements and information contained in this news release concerning these times.
Except as required by law, the Company does not assume any obligation to update the forward-looking statements of
beliefs, opinions, projections, or other factors, should they change, except as required by law.