Bear Lake Gold Announces Drilling Results at Larder Lake, Wide Mineralized Zones Intersected at Fernland

Bear Lake Gold Ltd. (the "Company") (TSX VENTURE:BLG) is pleased to announce
initial results of the drilling program conducted by Gold Fields at the
Company's Larder Lake gold project located on the prolific Cadillac-Larder Lake
Break in the mining district of Northeastern Ontario.


Gold Fields' initial drilling program was focused on the Fernland zone to
investigate the potential for lower grade but wider mineralization. Since the
beginning of the program ten holes totaling 3,975m have been drilled. The
results indicate the presence of lower grade, yet wider mineralization in the
Fernland zone. 




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                                   Table 1                                  
                          LARDER LAKE DRILL RESULTS                         
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             From      To  Core length   Gold                               
Hole no.      (m)     (m)      (m) (i)  (g/t)            Comments       Zone
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GF-12-110   131.0   148.0         17.0   1.25          Flow-Type?   Fernland
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                                                including 7.42g/t           
                                                        over 1.0m           
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            195.5   197.8          2.3   0.96     Carbonate-Type?   Fernland
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GF-12-111   144.0   154.0         10.0   2.12          Flow-Type?   Fernland
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                                                including 5.99g/t           
                                                        over 2.0m           
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GF-12-112   214.0   215.0          1.0    2.1          Flow-Type?   Fernland
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            222.0   223.5          1.5   1.96          Flow-Type?   Fernland
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GF-12-113                                          Assays pending   Fernland
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GF-12-114                                          Assays pending   Fernland
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GF-12-115                                          Assays pending   Fernland
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GF-12-116                                          Assays pending   Fernland
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GF-12-117                                          Assays pending   Fernland
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GF-12-118    70.0    92.0         22.0   1.52          Flow-Type?   Fernland
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                                                including 2.90g/t           
                                                        over 8.7m           
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GF-12-119   164.5   166.6          2.1   1.78         Quartz vein   Fernland
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(i) Information available to date does not allow estimation of true width   
NSA = No Significant assay                                                  



Gold Fields is also conducting drilling, geochemical, geologic mapping and
geophysical activities over the entire Larder Lake project. One drill is
currently active at site and more drills will be mobilized as soon as additional
targets are identified.


In April 2012, the Company and Gold Fields Abitibi Corporation signed an Option
and Joint Venture agreement entitling Gold Fields to acquire 60% of the Larder
Lake gold project by spending C$40 million over 5 years with a firm commitment
to spend C$5 million by May 2013 (see press release dated April 10, 2012). 


QA/QC 

As operator of the project, Gold Fields has implemented and conducted a rigorous
QA/QC program. Gold Fields Abitibi Exploration follows an internal QA/QC program
which includes evaluation of field blanks, certified standards, pulp duplicates,
coarse duplicates and Au repeats. The shipments are bagged, sealed, and shipped
to the ALS Global Laboratory, a certified facility in Timmins, Ontario for
preparation. After preparation a pulp split is shipped to ALS Global Laboratory,
a certified facility in North Vancouver, BC for geochemical analysis. 


Additional Exploration Results

The Company has received the assay results of the last 19 holes of the 15,215m
drilling program initiated in 2011, which included eleven holes at Cheminis, six
holes at Bear Lake and two holes at Fernland. Most holes intersected various
gold values and confirmed the presence of the mineralized corridor at Bear Lake
and Cheminis. Hole BLG-12-108 drilled on the Bear Lake zone intersected 5.36 g/t
gold over 4.0 m. Complete drill results will be available on the Company's
website. The results were submitted to a rigorous QA/QC program set up and
supervised by P&E Mining Consultants Inc., an independent geological and mining
consulting firm from Brampton, Ontario.


Qualified Person

The technical disclosure contained in this press release was approved by
Francois Viens, President and CEO of the Company. Mr. Viens, P. Eng. is a
'qualified person' within the meaning of that term under NI 43-101. 


Forward-Looking Information 

This news release contains certain "forward-looking information" under Canadian
securities laws. All statements that address future plans, activities, events or
developments that the Company believes, expects or anticipates will or may occur
are forward-looking information. Specifically, this news release contains
forward looking information about the drilling results and interpretation of
these results. Forward looking information is based upon assumptions by
management that are subject to known and unknown risks and uncertainties beyond
the Company's control, including risks related to mining exploration and the
availability of financing for companies such as the Company. There can be no
assurance that outcomes anticipated in the forward looking information will
occur, and actual results may differ materially for a variety of reasons.
Accordingly, readers should not place undue reliance on forward-looking
information. The Company undertakes no obligation to update publicly or
otherwise revise any forward-looking information, except as may be required by
law.


About Bear Lake Gold

Bear Lake Gold Ltd. is focused on the exploration and development of the Larder
Lake gold project in Ontario, Canada. The common shares of the Company trade on
the TSX Venture Exchange under the symbol BLG. Additional information about the
Company is available on its website, www.bearlakegold.com and on SEDAR at
www.sedar.ca.