Mr. Francois Viens reports

BEAR LAKE GOLD ANNOUNCES START OF DRILLING PROGRAM AT LARDER LAKE

Bear Lake Gold Ltd. has commenced a 15,000-metre drilling program at its Larder Lake gold project located on the prolific Cadillac-Larder Lake break in the mining district of northeastern Ontario.

Drilling program

Following the recent completion of a $3,923,750 private placement and the estimation of NI 43-101-compliant mineral resources on the Bear Lake and the Cheminis gold zones of the Larder Lake project, the company has designed a 15,000-metre work program. Approximately 8,000 metres are planned to test the extension and better define the Cheminis mineral resource. In addition, around 5,000 m will investigate the extensions of the Bear Lake mineral resource. The recent resource estimate showed that both zones are open on strike and at depth. Finally about 2,000 m of drilling are planned in the Fernland area where hole 13, completed in November, 2007, intersected 6.9 grams per tonne gold over 13.5 metres near surface (including 13.1 g/t gold over 6.0 metres). Additional work is required to evaluate the potential and test the extensions of this mineralized zone.

One diamond drill has already started drilling, and a second drill is expected to arrive shortly. A third drill will be mobilized to site when available.

Larder Lake gold project -- NI 43-101 mineral resource estimate

As previously announced, the Bear Lake zone resource estimate prepared by P&E Mining Consultants Inc., an independent geological and mining consulting firm of Brampton, Ont., stands at 3.75 million tonnes grading 5.67 g/t gold in the inferred category for a total of 683,600 ounces of gold. The zone remains open on strike and at depth (see news release dated June 29, 2011).

The Cheminis zone resource estimate also prepared by P&E outlined indicated resources of 335,000 tonnes at 4.07 g/t gold for 43,800 ounces of gold and inferred resources of 1,391,000 tonnes at 5.22 g/t gold for 233,400 ounces of gold (see news release of April 13, 2011).

The attached table shows the combined resources of the two zones.

       LARDER LAKE PROJECT COMBINED MINERAL RESOURCES -- JUNE, 2011                 

Location                  Indicated                      Inferred           
                    Tonnes    Grade    Ounces       Tonnes   Grade    Ounces
                                                                            
Bear Lake zone           -        -         -    3,750,000    5.67   683,600
Cheminis zone      335,000     4.07    43,800    1,391,000    5.22   233,400
Total              335,000     4.07    43,800    5,141,000    5.55   917,000

(1) Resources are reported using a 2.5 g/t gold cut-off and a minimal        
    horizontal thickness of 2.0 m. The gold price used was $1,207 (U.S.)
    per ounce. Process recovery was 95 per cent. Mining costs were $75 per
    tonne, and processing and general and administrative costs were $20 per
    tonne. Exchange rate used was 95 U.S. cents equals $1. Mineral        
    resources which are not mineral reserves do not have demonstrated economic  
    viability.                                                                  

Quality assurance/quality control

The company has implemented a rigorous QA/QC program independently set up and supervised by P&E. The program includes chain of custody of samples, drill core sawn in half and shipped in sealed bags to Laboratoire Expert, a certified assay laboratory located in Rouyn Noranda, Que. Blank samples, blind duplicates and certified standards are also inserted in the sample stream. Samples with gold values higher than 10 grams per tonne Au are systematically reanalyzed, and samples containing visible gold are also analyzed systematically with the metallic screen analysis.

Qualified persons

The Bear Lake and Cheminis resource estimates were undertaken by independent qualified persons Antoine Yassa, PGeo, Eugene Puritch, PEng, and Tracy Armstrong, PGeo, of P&E. Mr. Puritch, president of P&E, has reviewed and approved the contents of this press release insofar as the Cheminis and Bear Lake mineral resource estimates are concerned.

P&E has completed a technical report for the mineral resource estimates of the two zones in compliance with NI 43-101, and both reports were filed on SEDAR.

The other technical information contained in this press release was prepared and approved by Francois Viens, president and chief executive officer of the company. Mr. Viens is a qualified person within the meaning of that term under NI 43-101.

We seek Safe Harbor.