Bear Lake Gold Announces New Drilling Results at the Larder Lake Gold Project: High Grade Intersections at Bear Lake and Chem...

Bear Lake Gold Ltd. (the "Company") (TSX VENTURE:BLG) is pleased to announce
results for 23 more holes of the diamond 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 in northeastern Ontario. 


Gold Fields' drilling program focused on the Bear Lake, Cheminis and Swansea
areas to investigate the deeper and lateral extensions of the known resources at
Cheminis and Bear Lake. The Swansea drilling program tested anomalies identified
from surface sampling. At the end of December, 44 holes totaling 20,997 meters
had been drilled by Gold Fields. The Company is reporting the results of 23 new
holes. Most holes have intersected various degrees of mineralization at Bear
Lake and Cheminis, and additional drilling will be required to fully assess the
potential of the area. A few holes drilled in the Swansea area also intersected
low grade mineralization.


Results of the 23 holes are shown in Table 1 below and complete results for the
Larder Lake project are available on the Company's website.


Drilling by Gold Fields resumed in mid-January 2013 with some 20 holes planned
totaling 4,000 meters. The program should be completed in April. All new targets
are "brownfield" located along the north trend and were identified following the
geochemistry and geophysics surveys conducted over the whole property. 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. As of December 31, 2012, Gold Fields has spent
approximately C$4 million on the project.


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, a director and Consultant 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 

The Company's Larder Lake gold project located on the Cadillac-Larder Lake Break
in north-eastern Ontario is being explored under an option and joint venture
agreement with Gold Fields Abitibi Exploration Corporation (a subsidiary of Gold
Fields Limited). Additional information about the Company is available on its
website at www.bearlakegold.com and on SEDAR at www.sedar.com.


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.com.




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                                 Table 1                                 
                   LARDER LAKE DRILL RESULTS((1, 2, 3))                  
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                 From       To   Core length     Gold                    
Hole no.          (m)      (m)           (m)    (g/t)                Zone
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GF-12-129       82.00    83.00          1.00     1.34   Fernland/Cheminis
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                90.59    91.61          1.02     3.70                    
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                98.00    99.00          1.00     1.99                    
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GF-12-130           NSA                                 Fernland/Cheminis
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GF-12-131      137.00   138.50          1.50     3.60   Fernland/Cheminis
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GF-12-132           NSA                                    Cheminis North
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GF-12-133           NSA                                 Fernland/Cheminis
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GF-12-134           NSA                                    Cheminis North
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GF-12-135      537.42   539.08          1.66     1.61            Cheminis
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GF-12-136           NSA                                Cheminis/Bear Lake
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GF-12-137      541.00   542.00          1.00     1.19            Cheminis
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GF-12-138           NSA                                Cheminis/Bear Lake
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GF-12-139      598.00   601.00          3.00     2.18            Cheminis
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               599.00   600.10          1.10     5.40                    
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GF-12-140      787.00   791.00          4.00     6.44           Bear Lake
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               787.00   788.00          1.00    16.95                    
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               813.00   816.00          3.00     2.03                    
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GF-12-141      586.00   589.00          3.00     4.35            Cheminis
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               591.00   594.00          3.00     1.14                    
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               601.00   602.00          1.00     1.87                    
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GF-12-142      238.00   245.00          7.00     1.70            Cheminis
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               240.00   241.00          1.00     6.65                    
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GF-12-143           NSA                                         Bear Lake
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GF-12-144           NSA                                           Swansea
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GF-12-145           NSA                                           Swansea
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GF-12-146           NSA                                           Swansea
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GF-12-147           NSA                                           Swansea
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GF-12-148      365.00   366.50          1.50     1.27             Swansea
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GF-12-149           NSA                                           Swansea
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GF-12-150           NSA                                           Swansea
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GF-12-151      264.00   267.00          3.00     1.35             Swansea
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               265.50   267.00          1.50     2.06                    
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GF-12-152      148.00   149.50          1.50     1.42             Swansea
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(1) . Information available to date does not allow estimation of true    
width.                                                                   
(2.)No capping of high grade values has been applied.                    
(3.)NSA means no significant assays.                                     
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FOR FURTHER INFORMATION PLEASE CONTACT: 
David Fennell, Chairman of the Board and Interim CEO
Bear Lake Gold Ltd.
450-677-1009
[e-mail]