Mr. Eric Caba reports

BEAR CREEK MINING MAKES FINAL DELIVERY UNDER NOMAD GOLD STREAM AND ANNOUNCES AMENDMENT OF PROMISSORY NOTE

Bear Creek Mining Corp. has made the final gold delivery pursuant to a gold prepay streaming agreement with Nomad Royalty Co. Ltd., which the company assumed upon its acquisition of the Mercedes gold mine in Mexico in April, 2022. The Nomad gold stream has now been fully completed and no further quarterly gold payments are due in respect thereof. As a result, over 300 additional ounces of gold produced at Mercedes per month will now be fully available for sale by the company.

The company also announces the amendment of certain terms of a promissory note previously issued to Auramet International Inc. (as successor in interest to Auramet International LLC). The interest rate of the promissory note has not changed. The company entered into the promissory note, dated as of July 28, 2022, in the principal amount of $5-million (U.S.) initially granted to Auramet. The promissory note was subsequently assigned to 1368445 B.C. Ltd. to: (i) extend the maturity date to Sept. 30, 2023; and (ii) make available to the company an additional advance of up to $1-million (U.S.) for an aggregate principal amount of $6-million (U.S.).

The company and 1368445 B.C. have agreed to further amend the promissory note, effective as of Sept. 26, 2023, to: (i) extend the maturity date to Nov. 30, 2023; and (ii) make available to the company an additional advance of up to $3-million (U.S.) for an aggregate principal amount of $9-million (U.S.) in accordance with the terms and conditions therein. The promissory note and the amendments therein have been reviewed and approved by the board of directors of the company.

We seek Safe Harbor.