Bearclaw Directors Exercise Options

    VANCOUVER, April 26 /CNW/ - Bearclaw Capital Corp. (TSXV: BRL) announces
that four of its directors have each exercised all of their outstanding
options, and have each acquired 79,000 common shares at a price of $0.20 per
common share. Bearclaw realized $63,200 from the exercise of the options, and
now has 8,812,666 common shares issued and outstanding.

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

    %SEDAR: 00013834E

For further information:

For further information: Bearclaw Capital Corp., John B. Ross,
President, at (604) 263-5147

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