Vancouver, British Columbia--(Newsfile Corp. - October 12, 2017) - Bearing Lithium Corp. (TSXV: BRZ) (OTCQB: BRGRF) (FSE: B6K1)
("Bearing" or the "Company") is pleased to announce the appointment of Mr. Jonathan Lee to the Advisory
Board.
Mr. Lee is currently president of JGL Partners LLC, which provides consulting services on credit restructurings, municipal
workouts, strategy, and capital allocation. Prior to this, Mr. Lee was a Senior Investment Analyst for a Boston based investment
fund, Geologic Resource Partners LLP. In his role Mr. Lee determined suitable investments for the fund in both public and private
mining and metals opportunities. Prior, Mr. Lee was an equity research analyst with a Toronto based investment bank. Additionally,
Mr. Lee has advised a number of clients in the public markets sector on project due diligence, structuring, capital allocation, and
strategic options. Prior, Mr. Lee was an environmental engineer for Camp, Dresser & McKee, Inc., where he designed, constructed and
managed treatment facilities for EPA projects listed under the National Priorities List. Mr. Lee holds an MBA from the NYU Stern
School of Business and a BSc degree in Chemical Engineering from Tufts University where he graduated cum laude.
Jeremy Poirier, Bearing's president and Chief Executive Officer, commented: "We are excited to have Jonathan Lee join Bearing's
Advisory Board. Jonathan brings a wealth of experience on the capital markets and valuation side which complements the skill set of
our other board members."
In connection with his appointment, Mr. Lee has been granted 50,000 incentive stock options ("Options"). Each Option allows him
to acquire one common share of the Company at an exercise price of $0.86 for a period of four years.
About Bearing Lithium Corp.
Bearing Lithium Corp. is a mineral exploration and development company, primarily focused on lithium. Its primary asset is a
free-carried 17.7% interest in the Maricunga lithium brine project in Chile. The Maricunga project represents one of the
highest-grade lithium brine salars globally and the only pre-production project in Chile. Over US$30 million has been invested in
the project to date and all expenditures through 2018, including the delivery of a Definitive Feasibility Study in H1/18, are
fully-funded by their earn-in joint-venture partner. Bearing also holds a portfolio of grass-roots exploration projects in the gold
district of the Yukon, which are currently optioned to Golden Predator, and a lithium project in Nevada, which is currently
optioned to First Division Ventures Inc.
ON BEHALF OF THE BOARD
Signed "Jeremy Poirier"
Jeremy Poirier, President and CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Jeremy Poirier-- President and CEO Bearing Lithium - Telephone: 1-604-262-8835
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 press 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 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 press release relate to, among other
things: completion of a Prefeasibility Study, and completion of a Definitive Feasibility Study.
Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that
they involve estimates of the mineralization that will be encountered if the Maricunga Project is developed. 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 Bearing, are inherently subject to significant business, economic, competitive, political
and social 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.
Such factors include, without limitation: the occurrence of unexpected financial obligations, fluctuations in the
price of lithium or certain other commodities; fluctuations in the currency markets; changes in national and local government,
legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business
of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected
formations, pressures, cave-ins and flooding); the presence of laws and regulations that may impose restrictions on mining
and employee relations. 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, Bearing 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.
