Mr. Eric Caba reports

BEAR CREEK MINING ANNOUNCES RETIREMENT OF DIRECTORS AND UPDATE OF DEBT AMENDMENTS AND CREDIT EXTENSION

Andrew Swarthout and Sandra Daycock have retired from Bear Creek Mining Corp.'s board of directors. Documentation regarding the debt amendments and credit extension, announced in the company's news release dated March 4, 2025, continues to advance in partnership with Equinox Gold Corp. and Sandstorm Gold Ltd.

Resignation of directors

Further to its news release dated March 4, 2025, the company announces the retirement of Mr. Swarthout and Ms. Daycock from the board. Mr. Swarthout was a founder of the company in 2003, and served as the company's president and chief executive officer until 2017. Ms. Daycock was appointed to the board of directors in November, 2023, and was elected as a director by shareholders in June, 2024. The board reiterates its sincere gratitude to Mr. Swarthout, a veteran director and executive of Bear Creek for over 22 years, and Ms. Daycock, for their valuable contributions to the company.

Debt amendments and credit extension

Further to Bear Creek's news releases on March 4, 2025, and March 11, 2025, Equinox, Sandstorm and the company continue to advance definitive documentation related to: (i) the amending agreements with each of Sandstorm and Equinox to temporarily defer certain interest payments under certain outstanding debt arrangements; and (ii) the extension of up to $6.5-million (U.S.) in additional credit to the company from Sandstorm. Each of the debt amendments and credit extension remains subject to approval and acceptance by the TSX Venture Exchange, and the company will issue a separate news release upon closing of each.

We seek Safe Harbor.