Mr. Chris Taylor reports

GREAT BEAR DISCOVERS NEW HIGH-GRADE "YUMA" ZONE AT 1.4 KM STEP-OUT ALONG LP FAULT FROM THE BEAR-RIMINI ZONE IN UNASSAYED HISTORICAL DRILL CORE: FOLLOW-UP DRILL RESULTS PENDING

Great Bear Resources Ltd. has discovered the new high-grade Yuma gold zone at its 100-per-cent-owned Dixie project in the Red Lake district of Ontario.

Like the recently discovered Bear-Rimini zone (see news release of May 28, 2019), the Yuma zone is also hosted by the LP fault, which is an 18-kilometre-long gold-bearing deep-seated crustal structure at the Dixie project.

Highlights of the new Yuma gold discovery include:

• Historic drill hole DC-12-07 (drilled in 2007 by past operators) is a 1.4 km stepout to the southeast along the LP fault from Great Bear's Bear-Rimini discovery hole DNW-011, and was the only other hole to be drilled to date into the footwall of the LP fault.
• The final metres of DC-12-07 intersected silicified volcanic rocks visibly similar to those which yielded high-grade gold at the Bear-Rimini discovery. Lower-grade gold mineralization was also intersected higher up the hole within the LP fault, as was also the case in the Bear-Rimini zone.
• Great Bear's geologists noted sparse, fine, visible gold within strongly silicified felsic volcanic rocks toward the end of DC-12-07, where the company projected the Bear-Rimini zone's on-strike gold mineralization could occur. Past operators had recorded this interval as unmineralized and it had not been sampled.
• Great Bear sampled the previously uncut core, which assayed 5.5 m of 4.07 grams per tonne gold beginning at 193.5 m downhole, including two m of 10.57 g/t gold and including 0.5 m of 36.9 g/t gold. The historical hole had been terminated prematurely.
• Two historical drill holes were subsequently re-entered and extended by Great Bear. Both holes intersected similar silicified geology to drill hole DC-12-07 and assays are pending.

Chris Taylor, president and chief executive officer of Great Bear, said: "This is the cheapest discovery hole we've ever had, since the high-grade visible gold interval was sitting unreported for 12 years in drill core stored on the property. The new Yuma zone matched our projections of where a Bear-Rimini-type gold zone could exist along strike and flanking the LP fault. We now know that high-grade gold is present in both locations where the footwall of the fault has been drilled across 1.4 kilometres of strike length, however the majority of the fault's 18 kilometres of projected strike length remain untested. We plan to complete further stepouts along the LP fault and the parallel North fault to see just how extensive this system is, and how it varies in gold distribution."

The company has fast-tracked relogging and sampling of all available historical drill core from areas north of the LP fault zone. Results will be released as received and analyzed. Follow-up drilling is already undern way.

Drill hole DC-12-07 (Yuma zone) description

Relogging of hole DC-12-07 identified quartz-sericite-pyrite altered intermediate to felsic volcanic rocks. Historical sampling had outlined two low-grade zones of gold mineralization (0.28 g/t gold over 34.5 m and 0.33 g/t gold over five m) higher up the drill hole and associated with the LP fault; the drill hole's deepest reported assay interval was 1.03 g/t gold over 0.5 m at 218.25 m depth. A zone of strong silicification with visible gold was noted near the bottom of the hole from 193.5 m to 199 m in unsampled drill core.

Extension of historical holes

DC-12-07 has now been re-entered and extended by Great Bear from its original 218.25 m length to 336 m. Oriented foliation and quartz vein data suggest that the zone may be dipping steeply to the north. To test this interpretation, historical hole DL-03-10, which was completed by past operators below DC-12-07 at a steeper angle, was also extended from 207 m to 376.5 m. The extension was designed to target the down-dip projection of the observed mineralization in DC-12-07. Both extended drill holes intersected strongly quartz-sericite-pyrite altered felsic volcanic rocks with zones of variable silicification, from which assays are pending.

The company continues to undertake a fully financed, 90,000 m drill program that is expected to continue through 2019 and 2020. Targets tested will include the Hinge zone, Dixie Limb zone, Bear-Rimini zone, Yuma zone, LP fault, North fault and other targets across the property. In order to accelerate the program, a second drill rig was added in February, and a third drill rig arrived in June of 2019. Approximately 55,000 m of drilling remain in the current program.

With its recently completed financing, the company currently has approximately $20-million in cash and no immediate financing requirements.

Drill core is logged and sampled in a secure core-storage facility located in Red Lake, Ont. Core samples from the program are cut in half, using a diamond cutting saw, and are sent to SGS Canada Inc. in Red Lake, Ont., and Activation Laboratories in Burnaby, B.C., both of which are accredited mineral analysis laboratories, for analysis. All samples are analyzed for gold using standard fire assay-atomic absorption techniques. Samples returning over 10 g/t gold are analyzed utilizing standard fire assay-gravimetric methods. Selected samples with visible gold are also analyzed with a standard one kilogram metallic screen fire assay. Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Great Bear's quality control/quality assurance program. No QA/QC issues were noted with the results reported herein.

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

About Great Bear Resources Ltd.

Great Bear is a well-financed company based in Vancouver, managed by a team with a record of success in the mineral exploration sector. Great Bear holds a 100-per-cent interest, royalty free, in its flagship Dixie property, which is road accessible year-round by Highway 105, a 15-minute drive from downtown Red Lake, Ont. The Red Lake mining district is one of the premier mining districts in Canada, benefiting from major active mining operations including the Red Lake gold mine of Newmont Goldcorp Corp., plus modern infrastructure and a skilled work force. Production from the Red Lake district does not necessarily reflect the mineralization that may, or may not be hosted on the company's Dixie property.

We seek Safe Harbor.