Mr. Eric Caba reports

BEAR CREEK MINING ANNOUNCES CLOSING OF C$8.2 MILLION PRIVATE PLACEMENT

Bear Creek Mining Corp. has closed its previously announced non-brokered private placement financing (refer to the company's press release dated July 12, 2023) to raise an aggregate of approximately $8.2-million. A total of 16,725,000 common shares were sold at a price of 49 cents per share.

The company plans to use the net proceeds of the offering for exploration and production improvements at the Mercedes gold mine located in Sonora, Mexico, and for general corporate purposes.

The shares issued under the offering will be subject to a statutory four-month-and-one-day hold period that will expire on Nov. 22, 2023. No bonuses, finders' fees, commissions or other compensation will be paid in connection with the offering.

We seek Safe Harbor.