Mr. Eric Caba reports

BEAR CREEK MINING ANNOUNCES NON-EXERCISE OF OVER-ALLOTMENT OPTION AND LISTING OF WARRANTS

BMO Capital Markets, as underwriter to the previously announced $9.5-million bought deal financing of 27.2 million units of Bear Creek Mining Corp. that closed on Oct. 5, 2023, has notified the company that it has elected not to exercise the overallotment option related to the offering. Please see the company's news release dated Oct. 5, 2023, for details related to the closing of the offering and the overallotment option.

Pursuant to the offering, each unit comprised one common share in the authorized share structure of the company and one common share purchase warrant. Each warrant is exercisable to acquire one common share at an exercise price of 42 cents per warrant share until Oct. 5, 2028. The company has applied to list the warrants for trading on the TSX Venture Exchange and anticipates the warrants to be trading on the TSX-V under the symbol BCM.WT on or about Oct. 17, 2023. The ISIN and Cusip numbers of the warrants are CA07380N1877 and 07380N187, respectively.

We seek Safe Harbor.