Mr. Francois Viens reports

BEAR LAKE GOLD ANNOUNCES COURT APPROVAL

Bear Lake Gold Ltd. has released an update. On Aug. 10, 2010, the Ontario Superior Court of Justice approved the plaintiff's motion for certification and settlement of a proposed class action thereby dismissing the proposed lawsuit and all related claims. As previously announced, the proposed class action lawsuit was filed as reported in Stockwatch news on Aug. 25, 2009, in the Ontario Superior Court of Justice against the company and certain of its current and former officers and directors, alleging certain misrepresentations were made during the period from July 18, 2006, to July 28, 2009, regarding Bear Lake's Larder Lake project. As reported in Stockwatch news on April 5, 2010, and April 13, 2010, the company announced that an agreement in principle had been reached to settle the proposed lawsuit. The settlement agreement provides for the settlement, release and dismissal of all claims asserted against the company and the individual proposed defendants and does not in any way contain or constitute any admission of liability by the company or its officers, directors or employees.