Bear Lake Gold Announces New Drilling Results at Larder Lake

Bear Lake Gold Ltd. (the "Company") (TSX VENTURE:BLG) is pleased to announce
results for 14 more holes of the drilling program conducted by Gold Fields
Abitibi Corporation, a 100% subsidiary of Gold Fields Limited ("Gold Fields"),
at the Company's Larder Lake gold project. The project is located on the
prolific Cadillac-Larder Lake Break in northeastern Ontario. 


Highlights



--  Hole 118 intersected 22 meters grading 1.52 g/t gold 
--  Hole 124 intersected 12 meters grading 2.50 g/t gold 
--  Hole 126 intersected 1 meter grading 17.40 g/t gold.



Gold Fields' initial drilling program focused on the Fernland and Cheminis zones
to investigate the potential for lower grade, but wider mineralization. At the
beginning of November, 36 holes totaling 15,280 meters have been drilled. The
Company is reporting the results of 14 new holes drilled over approximately 1 km
strike length investigating the Fernland zone and the carbonate mineralization
north of the Cheminis zone (see Table 1 below.) The latest results indicate the
presence of lower grade, yet wider mineralization intermixed with higher grade
lenses within the Fernland zone and extending towards the Cheminis zone. All
holes so far have intersected various degrees of mineralization and additional
drilling will be required to fully assess the potential of the area.




----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                   Table 1                                  
                          LARDER LAKE DRILL RESULTS                         
----------------------------------------------------------------------------
                                   Core                                     
                From       To    length    Gold                             
Hole no.         (m)      (m)   (m) (i)   (g/t)         Comments        Zone
----------------------------------------------------------------------------
----------------------------------------------------------------------------
GF-12-113     381.87   389.39      7.52    2.38   Carbonate-type    Fernland
----------------------------------------------------------------------------
GF-12-114      43.50    44.50      1.00    1.68        Flow-type    Fernland
----------------------------------------------------------------------------
               50.33    57.50      7.17    1.63        Flow-type            
----------------------------------------------------------------------------
 including     54.80    56.26      1.46    4.19                             
----------------------------------------------------------------------------
GF-12-115      57.00    60.80      3.80    3.90          SS zone    Fernland
----------------------------------------------------------------------------
 Including     59.70    60.80      1.10    7.86                             
----------------------------------------------------------------------------
               70.00    74.50      4.50    1.43        Flow-type            
----------------------------------------------------------------------------
 including     71.00    72.00      1.00    3.72                             
----------------------------------------------------------------------------
GF-12-116          NSA                                              Fernland
----------------------------------------------------------------------------
GF-12-117          NSA                                              Fernland
----------------------------------------------------------------------------
GF-12-118(1)   70.00    92.00     22.00    1.52        Flow-type    Fernland
----------------------------------------------------------------------------
 including     83.30    92.00      8.70    2.90                             
----------------------------------------------------------------------------
 including     83.30    84.75      1.45    5.83                             
----------------------------------------------------------------------------
GF-12-119(1)  164.50   166.55      2.05    1.78         Qtz vein    Fernland
----------------------------------------------------------------------------
GF-12-120                 NSA                                       Fernland
----------------------------------------------------------------------------
GF-12-121     272.00   274.00      2.00    1.99   Silicification    Fernland
----------------------------------------------------------------------------
              493.18   495.87      2.69    2.28   Carbonate-type            
----------------------------------------------------------------------------
GF-12-122     227.00   235.50      8.50    1.03        Flow-type            
----------------------------------------------------------------------------
 Including    232.00   233.00      1.00    3.31                     Fernland
----------------------------------------------------------------------------
              241.50   242.50      1.00    2.90        Flow-type            
----------------------------------------------------------------------------
                                                                   Fernland-
GF-12-123     226.50   228.50      2.00    1.41        Flow-type    Cheminis
----------------------------------------------------------------------------
                                                                   Fernland-
GF-12-124     123.00   135.00     12.00    2.50   Carbonate-type    Cheminis
----------------------------------------------------------------------------
 including    130.00   134.00      4.00    4.03                             
----------------------------------------------------------------------------
                                                                   Fernland-
GF-12-125     130.67   131.50      0.83    1.93   Carbonate-type    Cheminis
----------------------------------------------------------------------------
              147.00   152.00      5.00    1.80   Carbonate-type            
----------------------------------------------------------------------------
                                                                   Fernland-
GF-12-126      34.00    35.00      1.00   17.40         Graphite    Cheminis
----------------------------------------------------------------------------
                                                                   Fernland-
GF-12-127     123.00   127.00      4.00    4.16   Carbonate-type    Cheminis
----------------------------------------------------------------------------
 including    124.00   125.00      1.00    7.98                             
----------------------------------------------------------------------------
                                                                   Fernland-
GF-12-128     177.00   185.00      8.00    0.39   Carbonate-type    Cheminis
----------------------------------------------------------------------------
 including    184.00   185.00      1.00    1.14                             
----------------------------------------------------------------------------
(i) Information available to date does not allow estimation of true width   
(1) Previously released                                                     
NSA = No Significant assay                                                  
A table showing all drilling results on the Larder Lake project is available
on the Company's website.                                                   



Two drills are currently active at site and drilling will continue through
winter. Gold Fields is also conducting drilling, geochemical, geologic mapping
and geophysical activities over the entire Larder Lake project. 


In April 2012, the Company and Gold Fields signed an Option and Joint Venture
agreement entitling Gold Fields to acquire up to 60% of the Larder Lake gold
project by spending up to 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 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. 


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 drilling results and the interpretation of
these results as well as plans for further exploration. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Francois Viens
President and CEO
Bear Lake Gold Ltd.
450-677-1009
450-677-2601 (FAX)
[e-mail]