Mr. Francois Viens reports

BEAR LAKE GOLD ADDS SECOND DRILL AT LARDER LAKE AND EXTENDS EXPIRY OF WARRANTS

Bear Lake Gold Ltd. has mobilized a second drill rig to accelerate the pace of its previously announced in Stockwatch on July 14, 2010, program of diamond drilling, consisting of approximately 15,000 metres focused mostly on the Bear Lake zone, at its Larder Lake project in Ontario.

The company is also pleased to announce that it has received the consent of the TSX Venture Exchange to the extension of the term of 2,991,495 share purchase warrants issued on Oct. 23, 2008, as part of a brokered private placement of its securities. The 2008 warrants are now exercisable for an extended term expiring on Oct. 23, 2011. The exercise price of 40 cents is unchanged.