Mr. Eric Caba reports

BEAR CREEK MINING ANNOUNCES NEW SENIOR VICE PRESIDENT, BUSINESS DEVELOPMENT, AND DRAWDOWN OF FUNDS UNDER 2025 SANDSTORM NOTE

Bear Creek Mining Corp. has appointed Eduardo Flores in the position of senior vice-president, business development. Mr. Flores is a mining industry executive with over 30-plus years of experience in leading, advancing and operating global mining companies through the discovery and exploration phases, as well as financing, construction and operations in multiple countries. He possesses a strong background in strategic leadership and extensive cross-cultural and industry knowledge, with a focus on driving sustainable growth. Mr. Flores serves as an investment partner at 30N Venture Capital, where he offers strategic guidance and oversight on investment decisions. Previously, he held senior leadership roles in several companies in the base and precious metals sector, including Antofagasta PLC, Barrick and Kinross, most recently acting as chief executive officer of Grupo Minero Bacis in Mexico. Mr. Flores also served as the VP of corporate development at Mineros SA in Colombia, where he successfully facilitated the company's listing on the Toronto Stock Exchange and implemented strategies for inorganic growth. He earned degrees in electrical engineering and industrial engineering from Universidad Tecnica Federico Santa Maria in Chile and is a certified board director by the NACD in Washington, USA.

The company also announces that pursuant to the secured promissory note issued to a wholly owned subsidiary of Sandstorm Gold Ltd. on May 8, 2025, funds in the amount of $1.2-million (U.S.) have been drawn down by the company. The draw will be used for general working capital purposes. For more information regarding the 2025 Sandstorm note, please see the company's news releases dated March 4, March 11, April 10, and May 8, 2025.

The principal amount of the 2025 Sandstorm note is a maximum of $6.5-million (U.S.), of which the company may draw down up to $600,000 (U.S.) per month. The 2025 Sandstorm note bears an interest rate of 7 per cent per annum and will mature on Sept. 22, 2028, with interest payments payable from June, 2025, to November, 2025 deferred until Dec. 31, 2025. As of the date of this news release, an aggregate of $1.2-million (U.S.) has been drawn down under the 2025 Sandstorm note and a remaining amount of $5.3-million (U.S.) may be drawn down subject to prior approval by Sandstorm in its sole discretion.

The company expects that, following receipt of the funds under the 2025 Sandstorm note, it will apply to the TSX Venture Exchange (TSX-V) for approval of a conversion right with a conversion price of 73 Canadian cents per common share (or such greater conversion price as may be required by the TSX-V). Should such a conversion right be approved by the TSX-V, the 2025 Sandstorm note restricts the ability of Sandstorm to exercise any conversion right if such a conversion would cause Sandstorm's ownership percentage to exceed 19.99 per cent on a non-diluted basis.

We seek Safe Harbor.