Positive drill results continue to expand Corani silver deposit; Santa Ana and El Abuelo project updates



    VANCOUVER, March 2 /CNW/ - Bear Creek Mining (TSX Venture: BCM) ("Bear
Creek" or the "Company") is pleased to announce results for twenty-one
additional drill holes (3,360 meters) from the Corani project. These results
bring the total to 104 holes drilled since the latest updated resource
estimation on this major silver discovery (see news release 5 December 2006).
The total drilling completed on the property now stands at 71,184 meters in
431 holes. Highlights of this release include:

    
    -   Minas Corani: Drilling further extends mineralization to the
        northwest under post-mineral tuff cover with 83 meters averaging
        76 g/t Ag and 0.9% Pb, including 20 meters averaging 171 g/t Ag and
        1.8% Pb (C-191), and 72 meters averaging 65 g/t Ag and 0.6% Pb,
        including 26 meters averaging 96 g/t Ag and 0.9% Pb (C-191A).

    -   Minas Corani: Infill drilling continues to confirm continuity (C-192A
        with 50 meters averaging 53 g/t Ag and 0.7% Pb, including 8 meters
        averaging 134 g/t Ag and 1.6% Pb).

    -   Minas Corani/Corani Este Connection: Drilling in the covered valley
        between Minas and Este intersects both silver and zinc
        mineralization.

    -   Current drilling focusing entirely on new targets as both silver and
        base metal mineralization remains open in all deposits.
    

    Andrew Swarthout, President and CEO, stated, "Infill drilling at Corani
is largely completed and we are now focused on unexplored targets within the
Corani District. Tremendous potential remains for new discoveries at Corani in
the targets that exist either under the post mineral tuff adjacent to known
mineralization, or in the large, prospective color anomaly that hosts known
mineralization, of which we have tested only 10 per cent of the area. Drilling
aimed at increasing resources is ongoing in conjunction with scoping study and
pre-feasibility work, which is focused on completing the final metallurgical
flow sheet."
    To access the Corani District Exploration Potential Map directly please
refer to:                            
http://www.bearcreekmining.com/s/PhotosAndMaps.asp?ReportID=168832

    THE LATEST DRILL HOLE RESULTS ARE AS FOLLOWS:

    
                              MINAS CORANI ZONE

    -------------------------------------------------------------------------
                                                 Interval Silver
                      Inclin- Total                 (m)  (grams
    Drill    Azimuth   ation  Depth  From    To    True   per    Lead   Zinc
    Hole No.(degrees)(degrees) (m)    (m)    (m)   Width  tonne)  (%)    (%)
    -------------------------------------------------------------------------
    C-186       70      -50   168.05   48    156    108    27.4   0.4    0.1
    -------------------------------------------------------------------------
    includes                          104    126     22    54.4   0.5    0.1
    -------------------------------------------------------------------------
    C-186A     250       70   111.75   32     58     26    15.4   0.1    0.1
    -------------------------------------------------------------------------
    C-188       70      -50   159.40    2    154    152    17.5   0.2    0.1
    -------------------------------------------------------------------------
    C-188A     250      -50   101.80    1     90     89    16.0   0.2    0.2
    -------------------------------------------------------------------------
    C190       250      -50   105.65    6     22     16    36.9   0.1    nil
    -------------------------------------------------------------------------
                                       42     54     12     Nil   0.4    0.5
    -------------------------------------------------------------------------
                                       66     94     28    13.5   0.7    0.5
    -------------------------------------------------------------------------
    including                          82     86      4     Nil   nil    1.5
    -------------------------------------------------------------------------
    C-190A      70      -50    97.50   11     20      9    23.4   0.1    nil
    -------------------------------------------------------------------------
                                       36     54     18    10.4   0.5    0.4
    -------------------------------------------------------------------------
                                       76     78      2     Nil   nil    1.0
    -------------------------------------------------------------------------
    C-191       70      -60   224.35   77    160     83    76.2   0.9    0.1
    -------------------------------------------------------------------------
    including                         106    114      8   111.8   1.2    0.2
    -------------------------------------------------------------------------
    and                               138    158     20   171.4   1.8    0.1
    -------------------------------------------------------------------------
                                      170    182     12     nil   0.3    0.6
    -------------------------------------------------------------------------
    C-191A     250      -70   158.00   72    144     72    65.3   0.6    0.1
    -------------------------------------------------------------------------
    including                         102    128     26    95.8   0.9    0.1
    -------------------------------------------------------------------------
    C-192      250      -60   140.15   34    122     88    35.8   0.6    0.1
    -------------------------------------------------------------------------
    C-192A      70      -60   151.20   80    130     50    52.6   0.7    0.4
    -------------------------------------------------------------------------
    including                          90     98      8   133.8   1.6    0.2
    -------------------------------------------------------------------------
    C-193       70      -70   191.35   79    174     95    21.8   0.4    0.1
    -------------------------------------------------------------------------
    C-193A     250      -70   233.20   56     74     18    36.6   0.4    0.1
    -------------------------------------------------------------------------
                                      138    222     84    36.6   1.3    0.2
    -------------------------------------------------------------------------
    including                         140    166     26    77.3   1.1    0.1
    -------------------------------------------------------------------------
    C-194       70      -70   254.55   96    116     20    25.9   0.7    0.1
    -------------------------------------------------------------------------
    C-194A     250      -70   212.35   56    124     68    17.7   0.3    0.1
    -------------------------------------------------------------------------



                                 CORANI ESTE
    -------------------------------------------------------------------------
                                                 Interval Silver
                      Inclin- Total                 (m)  (grams
    Drill    Azimuth   ation  Depth  From    To    True   per    Lead   Zinc
    Hole No.(degrees)(degrees) (m)    (m)    (m)   Width  tonne)  (%)    (%)
    -------------------------------------------------------------------------
    C-185A      70      -70   105.70   64     78     14     nil   0.1    1.1
    -------------------------------------------------------------------------
    C-187       70      -70   151.80         No significant intervals
    -------------------------------------------------------------------------
    C-187A     250      -70   100.80         No significant intervals
    -------------------------------------------------------------------------
    C-189      250      -70   103.90   34     48     14    12.9   0.3    0.5
    -------------------------------------------------------------------------
    C-189A      70      -70    85.40   40     48      8    24.8   0.7    2.0
    -------------------------------------------------------------------------
    C-195       70      -70   258.15  168    200     32    66.1   0.6    0.1
    -------------------------------------------------------------------------
                                      198    230     32     nil   0.4    0.5
    -------------------------------------------------------------------------
    including                         226    230      4     nil   nil    1.5
    -------------------------------------------------------------------------
    C-195A     250      -70   245.35   98    198    100    31.5   0.3    nil
    -------------------------------------------------------------------------

    Please refer to Bear Creek's website at www.bearcreekmining.com for drill
    hole locations, trench assay maps, previously reported drill intervals
    and detailed assay results. To access the silver drill hole map directly
    please refer to: http://www.bearcreekmining.com/i/pdf/030207MAP.pdf
    

    Minas Corani - Step-out drilling on the northwest extension continues to
intersect significant mineralization that will have a very low stripping ratio
under thin post-mineral tuff cover (75 meters thick). Drill holes C-191 and
C-191A, intersected 83 meters averaging 76.2 g/t Ag and 0.9% Pb, including
20 meters averaging 171.4 g/t Ag and 1.8% Pb, and 72 meters averaging
65.3 g/t Ag and 0.6% Pb, including 26 meters averaging 95.8 g/t Ag and 0.9%
Pb, respectively. These intersections lie directly on the trend of
mineralization established by initial pit modeling and extend mineralization
70 meters to the northwest. Drilling will continue to extend the
mineralization northwest and west where the resource remains open and the
stripping ratios are favorable.
    Infill drilling on the northeast extension confirms the December '06
resource with drill hole C-192 intersecting 50 meters at 52.6 g/t Ag.

    Minas Corani/Corani Este Connection - Drill testing in the low covered
area between these two main deposits at Corani has further expanded the zinc
potential under shallow cover (C-185 with 14 meters averaging 1.1 % Zn).
Higher-grade, zinc mineralization typically underlies and overlaps silver
mineralization at Corani and this intersection confirms that zinc
mineralization extends between Minas Corani and Corani Este throughout the
topographically lower covered area. The connecting mineralization between
Minas Corani and Corani Este is further confirmed with a new interval of
100 meters averaging 31.5 g/t Ag in drill hole C-195A. Additional drilling is
in progress to the north and southwest to extend this mineralization where it
remains open, and to test for continuity of both silver and zinc
mineralization in the covered valley separating the two deposits.
    Two drills continue on the project focused on exploring extensions under
cover in both the Corani Este and Minas Corani targets. The December '06
resource estimate converted 34% of inferred resource into measured and
indicated categories leaving only 12.5% of the resource in the inferred
category, thus confirming the continuity of mineralization and that
significant infill drilling is not necessary.

    Metallurgical Testing - Test work continues at SGS-Lakefield Research on
two composite samples from four large-diameter HQ drill holes completed in
December 2006 and initial results are expected in the next month.

    
                          Updates: Other Properties
    

    SANTA ANA: Detailed metallurgical bottle roll tests on 10 drill core
reject samples has commenced at McClelland Labs in Sparks, Nevada, USA, and
results will be reported as soon as they are received. Initial bottle roll and
leach shaker tests strongly indicate that low-cost leaching performance will
be favorable. Large metallurgical samples are being prepared at this time to
be shipped to McClelland Labs for detailed column leach tests and are expected
to confirm the project's amenability to heap leaching. Results of the detailed
bottle roll test and the initial results from the column leach tests will be
used to guide Phase III drilling in the second quarter, 2007.

    EL ABUELO: Initial-phase core drilling (1000-1500 meters) commenced on
1 March on the El Abuelo gold project and full results of Phase I drilling are
expected by mid-April. El Abuelo, one of several acquisitions made recently by
Bear Creek as part of the Company's ongoing generative program, is a gold
prospect (500 has.) located approximately midway between Barrick Gold's
Pierina and Alto Chicama mines (See News Release of 17 January '07).

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

    Regulatory footnotes:
    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 David Volkert, P.Geo., Bear Creek's Vice President of
Exploration, who serves as the qualified person (QP) under the definitions of
National Instrument 43-101. All diamond drilling has been performed using HQ
diameter core with recoveries averaging greater than 95%. Core is logged and
split on site under the supervision of Bear Creek geologists. Sampling is done
on two-meter intervals and samples are transported by Company staff to Cusco,
Peru for direct shipping to ALS Chemex, Laboratories in Lima, Peru. ALS Chemex
is an ISO 9001:2000-registered laboratory and is preparing for ISO 17025
certification. Silver, lead, and zinc assays utilize a multi-acid digestion
with atomic absorption ("ore-grade assay method"). The QC/QA program includes
the insertion every 20th sample of known standards prepared by SGS
Laboratories, Lima. A section in Bear Creek's website is dedicated to
sampling, assay and quality control procedures.

    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. (*)Any reference to the potential quantity & grade
of mineralization at Corani is conceptual in nature, there has been
insufficient exploration to define a mineral resource on the property and it
is uncertain if further exploration will result in discovery of a mineral
resource on the property. 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.





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: info@bearcreekmining.com; For further information, please
visit the Company's website www.bearcreekmining.com


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