Mr. Francois Viens reports

BEAR LAKE GOLD ANNOUNCES NEW SHAREHOLDER MEETING DATE AND UPDATE ON PROJECTS

Bear Lake Gold Ltd.'s board of directors has set April 16, 2012, as the new record date for its annual meeting of shareholders, which is scheduled for May 23, 2012. The previous record date of Feb. 13, 2012, and meeting date of March 28, 2012, have been cancelled. Shareholders of record as of April 16, 2012, will be entitled to vote at the meeting.

The company currently has one drill active on its Larder project, testing the resource extensions on the Bear Lake zone. Of the 15,000-metre drill program initiated in September, 2011, 14,241 metres have been drilled so far: 16 holes totalling 8,318 metres have been completed at Cheminis, six holes totalling 4,232 metres have been completed at the Bear Lake zone and two holes totalling 1,691 metres have been completed at Fernland. The objectives of the program are to test the extensions of the mineralized zone at Cheminis and Bear Lake, and investigate the Fernland area. Initial assay results were released in November, 2011. Drill core is sampled at site and sent to the assay lab regularly. Due to backlog at site, many holes are in the sampling process and many assay results are still pending.

In addition, the company announces that it has terminated the option agreement to earn a 60-per-cent interest in the Unity mineral property, located in Idaho, United States. The company has not conducted any fieldwork on this project since the summer of 2009.

The 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 National Instrument 43-101.

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