Mr. Eric Caba reports

BEAR CREEK MINING ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING, APPOINTMENT OF OFFICERS AND PUBLICATION OF 2022 ESG REPORT

Bear Creek Mining Corp. has released the results of the company's annual general meeting (AGM) that took place in Vancouver, B.C., on June 5, 2023. Shareholders voted in favour of all matters of business described in the company's information circular dated April 17, 2023, and put before the meeting, including the election of Eric Caba and the re-election of Catherine McLeod-Seltzer, Anthony Hawkshaw, Andrew Swarthout, Kevin Morano, Erfan Kazemi, Stephen Lang, Alfredo Bullard and Alan Hair as directors of the company for the ensuing year.

Shareholders also confirmed, ratified and approved the company's 10-per-cent rolling stock option plan dated April 26, 2022, including amendments thereto that are more thoroughly described in the company's information circular dated April 17, 2023. The maximum number of common shares that may be reserved for issuance under the 2022 plan is 10 per cent of the company's issued and outstanding common shares as constituted on the date of any grant of stock options, inclusive of any shares reserved for issuance pursuant to the grant of awards under the company's long-term incentive plan.

Following the AGM Bear Creek's board of directors appointed Ms. McLeod-Seltzer as chair, Mr. Hawkshaw as vice-chair, Mr. Caba as president and chief executive officer, Paul Tweddle as chief financial officer, Barbara Henderson as vice-president, corporate communications and corporate secretary, and Eduard Roux as vice-president, project development. The board additionally constituted its standing committees for the ensuing year, including the audit, compensation, nominating and corporate governance, and operating, safety and sustainability committees.

Ms. McLeod-Seltzer, chair of Bear Creek, states: "I'd like to take this opportunity to congratulate Eric Caba on his promotion to president and CEO. Eric has the skills, knowledge and experience to successfully lead the company, and has hit the ground running. Bear Creek is in excellent hands. I would also like to welcome Tony Hawkshaw to his new role as vice-chair. We are very pleased that Tony will continue to contribute his expertise in project finance in an active role at Bear Creek."

Bear Creek is further pleased to announce it has published its environmental, social and governance report, which sets out the company's ESG practices and performance for the year ended Dec. 31, 2022. The 2022 ESG report is available on the company's website.

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