Mr. Eric Caba reports

BEAR CREEK MINING ANNOUNCES AMENDMENT OF EQUINOX GOLD PROMISSORY NOTE

Further to Bear Creek Mining Corp.'s news release dated Oct. 19, 2023, the company has entered into an amendment agreement to amend the convertible promissory note in the amount of $26,632,458 (U.S.) issued to Equinox Gold Corp. on Oct. 19, 2023.

Pursuant to the amendment agreement, Equinox Gold's conversion right under the note will be amended such that Equinox Gold may not exercise its right to convert that portion of the principal amount under the note that, upon conversion into common shares of the company, would result in Equinox Gold and its affiliates holding more that 19.99 per cent of the total outstanding common shares on a non-diluted basis as of the date of such conversion.

Pursuant to the amendment agreement, Equinox Gold is permitted to convert the entire principal amount under the note in certain circumstances, including for the purpose of participating in any offer to acquire securities pursuant to a takeover bid or statutory procedure, immediately prior to a change of control or following an event of default under the note.

All other provisions of the note remain unchanged and in full force and effect. For more information regarding the terms and conditions of the note, please refer to the company's news release dated Oct. 19, 2023. The note, as amended, is subject to final approval of the TSX Venture Exchange.

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