Bear Creek Mining initiates strategic review process

Bear Creek Mining (BCEKF) announces that its Board of Directors has initiated a comprehensive and thorough strategic review process to explore and evaluate, on an expeditious basis, the strategic and financial options available to the Company with the ultimate view of enhancing value. The Board has also established a special committee of independent directors to manage the process, with a goal to complete the Strategic Review on an expeditious basis. Mr. Milau will advise the Special Committee and Board as the Company carries out the Strategic Review. The strategic and financial options that may be considered under the Strategic Review include, but are not limited to, recapitalization, a sale of all or some of the Company’s assets, a merger, joint-venture, business combination or any combination thereof. There is no deadline or definitive timetable for completion of the Strategic Review. It is the Company’s current intention not to disclose developments with respect to the Strategic Review until the Board has approved a specific transaction or otherwise determines that disclosure is necessary or appropriate. The Company cautions that there are no assurances or guarantees that the Strategic Review will result in a transaction or, if a transaction is undertaken, the terms or timing of such a transaction. The Special Committee is expected to consist of Catherine McLeod-Seltzer, Peter Mitchell and Kevin Morano, as advised by Christian Milau. The Company has engaged BMO Capital Markets to act as financial advisor to the Company with respect to the Strategic Review and Sandstorm Gold and Equinox Gold, both significant shareholders of the Company, are supportive of the Strategic Review.The Board is also pleased to announce that Christian Milau has been engaged as a strategic advisor to the Board and Special Committee to assist with oversight of the Strategic Review. Mr. Milau is a mining executive with over 25 years of expertise in finance, capital markets and mining including extensive experience leading growth-oriented exploration, development, and operating mining companies.