Mr. Francois Viens reports

BEAR LAKE GOLD REPORTS DRILL RESULTS AT LARDER LAKE: SECOND DIAMOND DRILL TO ARRIVE SHORTLY

Bear Lake Gold Ltd. has released the first drill results of its 2010 drill program at the Larder Lake property in Ontario. Hole 49-W3 intersected 1.7 grams per tonne gold over 9.5 metres in flow-type mineralization at a depth of 850 m and hole 78 intersected 1.9 g Au/t over 4.5 m at a depth of 700 m, also in flow-type mineralization. The table highlights the results in all three holes. The attached longitudinal sections show the location of the drill holes.

                           HIGHLIGHTS

Hole                From        To  Core length (1)  Au (g/t)

NFX-08-49W3        883.0     892.3              9.3      0.29
                  1017.0    1026.5              9.5      1.74
including         1022.8    1025.5              2.7      4.75
BLG-10-77          702.5     704.0              1.5      0.16
BLG-10-78          696.5     701.0              4.5      1.43
                   735.5     738.6              3.1      1.47
                   819.0     823.5              4.5      1.90

(1) It is not possible at this time to determine true widths. 
    All widths of intercepts reported are core length.

Hole 49-W3 is a redrill of hole 49, and holes 77 and 78 were drilled on the eastern edge of the mineralized envelope for logistical reasons. The drilling confirmed the presence and extended the typical mineralized alteration zones, and intersected both carbonate-type and flow-type mineralization with the exception of hole 77. This hole was abandoned after deviating too far off target and did not reach the flow-type mineralization. The intensity and characteristics of alteration encountered in these holes will allow the company to focus more accurately on the interpreted location of the higher grade lenses within the heart of the Bear Lake deposit. The alteration can also be used as a vector toward locating higher grade zones outside the actual mineralized envelope.

2010 work program

Following the completion of a $3.76-million financing, the drilling program is now under way at Larder Lake with one drill working on site. A second drill is scheduled to arrive later this month to accelerate the drilling. The program consists of approximately 15,000 metres of diamond drilling focused mostly on the Bear Lake zone. The campaign will mainly target the upper part of the Bear Lake zone at depths between 400 m and 1,200 m from surface with the objective to define and expand the higher grade mineralized lenses, including both the carbonate and flow-type mineralized horizons. The objective is to complete an NI 43-101-compliant resource estimate as soon as the density of drilling is sufficient on the Bear Lake zone. The Larder Lake properties extend over 13 kilometres straddling the prolific Cadillac-Larder Lake fault zone, host of the historic Kerr Addison mine (11 million ounces of gold produced), which is located approximately four kilometres to the east. Easily accessible, the properties are close to major infrastructure including a paved road and power line.

QA/QC

The company has implemented a rigorous QA/QC program independently set up and supervised by P&E Mining Consultants Inc., of Brampton, Ont. The program includes chain of custody of samples, drill core sawn in half and shipped in sealed bags to Laboratoire Expert, a certified assay laboratory located in Rouyn Noranda, Que. Blank samples, blind duplicates and certified standards are also inserted in the sample stream. Samples with gold values higher than 10 g Au/t are reanalyzed via the metallic screen procedure. Samples containing visible gold are also analyzed systematically with the metallic screen analysis.

Qualified person

The 2010 work program is directed by Francois Viens, PEng, president and chief executive officer of Bear Lake Gold. Mr. Viens is a qualified person as defined by NI 43-101. Mr. Viens prepared and approved the content of this press release.