Vancouver, British Columbia--(Newsfile Corp. - April 5, 2018) - Great Bear Resources (TSXV: GBR) (the "Company" or "Great
Bear"), today provided an update on Phase 2 drilling at its Dixie Lake gold project, located in the Red Lake district of
Ontario.
Drilling commenced on March 14, 2018 and is ongoing. Seven drill holes have been completed at this time, while an estimated
eight holes remain to be drilled. The first two of the seven completed drill holes have been sent for assay to Activation
Laboratories Ltd. in Ancaster Ontario, an accredited mineral analysis laboratory, for analysis. The remaining holes are being
geologically logged and split prior to shipment for assay.
Chris Taylor, Great Bear's President and CEO said, "Drilling is on time and on budget as we progress through our Phase 2 drill
program. We are stepping out from our Phase 1 drill locations to target on-strike extensions to the known mineralization, and to
place the first characterization holes into new targets at the South Limb, Hinge and Northwest extension that have not yet been
drilled by Great Bear. Results from the first 8 -10 holes will provide guidance for the final drill holes of this program, as we
aim to define the geometry, strength and geological controls on mineralization in these new areas."
Details of the current drill program were reported by the Company on November 2, 2017 and January 16, 2018. The Company will
release batches of drill results as these become available.
The Phase 2 drill program is expected to continue until spring thaw temporarily restricts road access. When ground conditions
permit, field investigations will resume across the Company's Dixie Lake and West Madsen properties. In addition to ongoing
drilling in and around the Main Zone at Dixie Lake, the Company is identifying additional targets for summer exploration where
historical prospecting results, and the Company's own high-resolution geophysical survey results, show high prospectively for
additional gold mineralization.
About Great Bear
Great Bear is earning a 100% royalty-free interest in the Dixie Lake property which consists of 7,106 hectares in the Red Lake
district covering a drill and geophysically defined multi-kilometre gold mineralized structure similar to that hosting other
producing gold mines in the district. The project has seen over 160 drill holes to-date and has yielded high grade near-surface
gold results including 10.40 m of 16.84 g/t gold. In addition, Great Bear is also earning a 100% royalty-free interest in its West
Madsen properties which total 2,725 hectares and are contiguous with Pure Gold Mining Inc.'s (TSX-V: PGM) Madsen property. All of
Great Bear's Red Lake projects are accessible year-round through existing roads.
Mr. R. Bob Singh, P.Geo, Director and VP Exploration for Great Bear, is the Qualified Person as defined by National Instrument
43-101 responsible for the accuracy of technical information contained in this news release.
For further information please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson,
Investor Relations, at 604-551-2360, or email khenderson@greatbearresources.ca.
ON BEHALF OF THE BOARD
"Chris Taylor"
Chris Taylor, President and CEO
Inquiries:
Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca
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Exchange) accepts responsibility for the adequacy or accuracy of this release.
This new release may contain forward-looking statements. These statements are based on current expectations and assumptions
that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in
the management discussion and analysis section of our interim and most recent annual financial statement or other reports and
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forward-looking statements.
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