VANCOUVER, July 2 /CNW/ - Bear Creek Mining (TSX Venture: BCM) ("Bear
Creek" or the "Company") is pleased to announce that contracts were awarded to
Samuel Engineering, Denver, Colorado and Vector Engineering, Lima, Peru for
the Pre-feasibility Study on its Corani silver-base metals deposit located in
southeastern Peru. The study is expected to be completed at year-end 2008.
Bear Creek is also very pleased to report that Marc Leduc, who has been
heading up Bear Creek's development work at Corani has been promoted to Senior
Vice President/Engineering and Development. Marc will continue to lead the
Corani and Santa Ana projects through development phases. The Company reports
that David Volkert is retiring as Vice President/Exploration. David will
continue to assist the Bear Creek team in a key consulting role, reporting to
the President and CEO where he will continue to lend his strategic expertise
to our exploration programs. Christian Rios will be assuming the role of
Exploration Manager. Mr. Rios has recently completed his Masters degree in the
Lowell Program for Economic Geology at the University of Arizona and has
served as Exploration Geologist for Bear Creek for five of his eight years
experience. Mr. Rios performed the initial geologic evaluations and drilling
recommendations at the Company's newest silver discovery, Santa Ana.
Andrew Swarthout, President and CEO of Bear Creek states "These changes
enable Bear Creek to be responsive to the tasks of developing two
advanced-stage silver deposits in conjunction with continuing its aggressive
exploration programs. Our management depth and staff experience have allowed
us to seamlessly plan for these changes while continuing to focus on value
creation through our exploration and development programs."
The Company announces that 150,000 stock options were granted today in
conjunction with the above appointments, such options having a term of
5 years, a vesting schedule of 25% every 6 months and an exercise price of
CDN$4.95 per share, being the closing price of the Company's common shares on
the TSX Venture Exchange on June 30, 2008.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
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. These risks, uncertainties and other factors are
disclosed in Bear Creek's continuous disclosure filings with Canadian
securities regulators including its most recent annual information form,
available on www.sedar.com. 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.
For further information:
For further information: Andrew Swarthout - President and CEO, or
Patrick De Witt - Investor Relations, Phone: (604) 685-6269, Direct: (604)
628-1111, E-mail: email@example.com; For further information, please
visit the Company's website (www.bearcreekmining.com)