Bear Lake Gold Provides an Update on its Larder Lake Gold Project

Bear Lake Gold Ltd. (the "Company") (TSX VENTURE:BLG) announces that between May
2012 and March 2013, Gold Fields Abitibi Exploration Corporation ("Gold Fields")
spent just over $5 million in exploration on the Larder Lake Project, therefore
satisfying the $5 million minimum spending requirement under the May 2012 Option
and Joint Venture Agreement. Since the beginning of the program, a total of 59
holes totaling 24,533 meters has been drilled on the Swansea, Fernland, Cheminis
and Bear Lake zones. The drilling tested the deeper and lateral extensions of
the resources at the Cheminis and Bear Lake deposits and most holes intersected
various gold values. The drilling also successfully identified the presence of
near-surface wider, yet lower-grade mineralization at Fernland and confirmed the
continuity of the mineralization between the Cheminis and Fernland zones. Gold
Fields is currently analyzing the results of the exploration program and a
meeting of the steering committee should be held in the coming weeks to discuss
the next phase. 


The Company's interim consolidated financial statements and management's
discussion & analysis for the second quarter ended March 31, 2013 have been
filed on SEDAR (www.sedar.com) and are available on the Company's website.


Cautionary Statement

This news release contains certain "forward-looking information" ("FLI") under
Canadian securities laws. All statements that address future activities or
development that the Company believes, expects or anticipates will or may occur
are forward-looking information. Specifically, this news release contains FLI
about the interpretation of the drilling results as well as plans for further
exploration. FLI is based upon assumptions that are subject to known and unknown
risks and uncertainties beyond the Company's control. It is expected that the
Company will require further financing before the end of 2013 to ensure the
continued activities of the Company. While the Company has been successful in
raising funds in the past, there can be no assurance that adequate funding will
be available in the future, or available on terms satisfactory to the Company. 


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


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) entitling Gold Fields to acquire up to 60% of the Larder Lake
gold project by spending up to C$40 million over 5 years. Additional information
about the Company is available on its website at www.bearlakegold.com and on
SEDAR at www.sedar.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
David Fennell
Chairman of the Board and Interim CEO
Bear Lake Gold Ltd.
450-677-1009
[e-mail]
www.bearlakegold.com