Mr. Scott Ross reports

BEARCLAW ANNOUNCES GRANT OF OPTIONS TO DIRECTORS

Bearclaw Capital Corp. has granted options to directors pursuant to its stock option plan. Options to acquire 850,000 common shares were granted to the directors and 80,000 to consultants. All of the options are for a five-year term that expires on June 25, 2019. For each grant, 30 per cent vests immediately, subject to a four-month hold period, 30 per cent vests on the first anniversary of the grant and the remaining 40 per cent vests on the second anniversary of the grant. The exercise price is 10 cents per common share. The company's stock option plan was amended to delete a provision that options may be granted under the plan only within 10 years from the date the plan was adopted by the board of directors of the company. The amendment was approved by shareholders at the annual general meeting of the company held on June 25, 2014.

We seek Safe Harbor.