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Silver Bear Announces A Positive PEA and Resource Update for the Mangazeisky North Deposit

TORONTO, ONTARIO–(Marketwired – March 1, 2017) – Silver Bear Resources Inc. (“Silver Bear” or the “Company”) (TSX:SBR) is pleased to announce the results of a resource update and a Preliminary Economic Assessment (“PEA“) for Mangazeisky North (“M North“) deposit within the Mangazeisky Silver Project (the “Project“) in the Republic of Sakha (Yakutia), Russia. The PEA investigates the integration of M North with the Vertikalny Central deposit as a single plant multi-pit operation. The NI 43-101 Technical Report will be filed on SEDAR within 45 days of this release. The Resource Update and PEA were prepared by independent mining consultants, Tetra Tech Canada Inc. (“Tetra Tech“).