Mr. Chris Taylor reports

GREAT BEAR DOUBLES FULLY FUNDED DRILL PROGRAM FROM 30,000 M TO 60,000 M - WILL ADD THIRD DRILL RIG

Great Bear Resources Ltd.'s board of directors has approved doubling of the current 30,000-metre drill program to 60,000 metres. The company remains fully financed for this expanded drilling.

Approximately 12,000 metres of the original 30,000-metre drill program remain to be drilled (see Great Bear news release of Sept. 20, 2018), with expected completion of the original program by July, 2019. The extended program will continue through 2019.

The company also announces that it plans to add a third drill rig during the extended program. The two drill rigs currently on site will concentrate on defining and expanding the Hinge (DHZ) and Dixie Limb (DL) zones along strike and at depth. The third rig will explore regional targets and also assist with the DHZ and DL drilling as required. Timing of deployment of the third drill rig is subject to completion of regional target definition.

The fully financed expansion of the drill program by an additional 30,000 metres has an all-inclusive budget of approximately $5.6-million. The program will continue year-round. The company currently has a cash treasury of approximately $12-million, and approximately $7.8-million of in-the-money warrants priced from 20 cents to $1.75 expiring during 2019 and 2020, for approximately $20-million on a partially diluted cash basis.

Chris Taylor, president and chief executive officer of Great Bear, said: "Great Bear is in a very strong position, with funding in hand to aggressively expand our drill program, and results to date certainly warrant this expansion. One of the two drill rigs currently on site has been drilling regional stepouts and has successfully discovered new mineralized zones and potential extensions to the Hinge zone. However, beginning in April both drill rigs will focus on drilling along strike and at depth of the DHZ and DL. Bringing in a third rig that can accomplish both regional exploration and additional DHZ/DL drilling will allow us to retain a high rate of core production as we begin to follow the DHZ and DL gold zones to the greater depths typical of other major Red Lake district gold discoveries."

The company has posted a video showing expansion of Hinge zone drilling over the past eight months since its discovery to its website.

At the Dixie project, the company has identified a plus-20-kilometre-long gold-bearing deep crustal structure and a number of significant secondary structural features including faults and D2 fold axes that collectively define more than 30 kilometres of prospective gold-bearing trends. In order to efficiently test these multiple large targets, geochemical techniques will be applied to prioritize exploratory drilling for the third drill rig. Regional drill targets outside of the DHZ and DL will be defined through continuing interpretive modelling work and soil hydrocarbon (geochemical) surveying as soon as spring thaw is complete in April to May, 2019.

About Great Bear Resources Ltd.

The Dixie property is located an approximately 15-minute drive along Highway 105 from downtown Red Lake, Ont. The Red Lake mining district has produced over 30 million ounces of gold and is one of the premier mining districts in Canada, benefiting from major active mining operations, including the Red Lake gold mine of Goldcorp Inc., plus modern infrastructure and a skilled work force. In addition, Great Bear is also earning a 100-per-cent royalty-free interest in its West Madsen properties, which total 3,860 hectares and are contiguous with Pure Gold Mining Inc.'s Madsen property.

R. Bob Singh, PGeo, director and vice-president, exploration, and Andrea Diakow, PGeo, exploration manager for Great Bear, are the qualified persons as defined by National Instrument 43-101, responsible for the accuracy of technical information contained in this news release.

We seek Safe Harbor.