Vancouver, B.C. - Bear Creek Mining Corporation (TSX Venture: BCM) (“Bear Creek” or the “Company”) is very pleased to announce that its common shares have been listed for trading on the Bolsa de Valores de Lima (“BVL”). Trading will be conducted under the ticker symbol ‘BCM’. Kallpa Securities S.A.B. in Lima, Peru acted as the Bear Creek’s sponsoring broker for the listing. The history of the BVL dates from December 31, 1860 and today it is one of the most important markets in South America. A new initiative by the BVL to join markets with the stock exchanges of Chile and Colombia is expected to enter its first stage in November 2010. This step is aimed to create the third largest stock exchange in Latin America with a combined capitalization of nearly US$500 billion, which will add excellent exposure to investors from many countries for companies listed on the BVL. Additional information about the BVL may be found in Spanish at www.bvl.com.pe. “
Andrew Swarthout, President and CEO of Bear Creek said “We are very pleased to have obtained this important listing during such a dynamic period in the South American economies. Bear Creek’s BVL listing will provide investors with more access to a company which is developing some of the largest new silver mines in the world, Corani and Santa Ana located within Peru, while also maintaining an aggressive Peruvian exploration program.”
About Bear Creek:
Bear Creek Mining is focused in Peru, a mineral-rich nation with a favorable investment climate. The Company’s Corani and Santa Ana Projects contain more than 500 million ounces of silver of which over 320 million ounces are in reserves providing near-term production potential and excellent leverage to silver prices. The Feasibility Study for Santa Ana defines a low-cost “pure silver” mine producing 4.6 million ounces annually in the first six years of an estimated 11-year mine life. The Pre-Feasibility Study for the flagship Corani Project estimates average annual production of 10 million ounces for the first six years of a 27-year mine life, with low cash costs and fast payback of capital costs. Santa Ana is proceeding towards permitting and construction while Corani is undergoing a Feasibility Study.
Bear Creek Mining active in Peru since 2000, maintains aggressive exploration programs to expand resources at its two future mines and make new precious metals discoveries. The Company is led by a management team with an exceptional track record of mineral discovery and mine development in Peru.
- End -
Andrew Swarthout - President and CEO, or Patrick De Witt - Investor Relations
Phone: 604-685-6269 Direct: 604-628-1111
For further information, please visit the Company’s website (www.bearcreekmining.com)
All of Bear Creek’s exploration programs and pertinent disclosure of a technical or scientific nature are prepared by or prepared under the direct supervision of Marc Leduc, P. Eng., Chief Operating Office, Christian Rios, P. Geo., Manager of Exploration and the President and CEO, Andrew Swarthout, P. Geo., who serve as the Qualified Persons under the definitions of NI 43-101.
Certain disclosure in this release, including management’s assessment of Bear Creek’s plans and projects, constitutes forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Bear Creek’s operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Bear Creek expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.