Great Bear Resources Drills 81.22 g/t Gold Over 10.50 m At Bedrock Surface At LP Fault

VANCOUVER, BC – Great Bear Resources Ltd. reported results from its ongoing fully funded $21 million exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario. Highlights Include: Two new drill sections were completed within a previously undrilled 140 meter long segment of the LP Fault; These sections contained significant thicknesses of very shallow high-grade gold mineralization starting at the bedrock surface including 81.22 g/t gold over 10.50 meters; & Repeated intersection of high-grade gold mineralization during 2020 LP Fault drilling has led to a new geological model being prepared by the Company. Chris Taylor, President and CEO, said, “New results from a 140 meter long previously undrilled segment within the LP Fault include 81.22 g/t gold over 10.50 meters at bedrock surface, with excellent continuity of mineralization once again observed across adjacent drill sections and to depth on the same drill section.  Over the past months we have regularly intersected predictable high-grade gold intervals at the LP Fault within the broad bulk-tonnage style gold system.  This positive development is underscored by both styles of mineralization extending from bedrock surface to the limits of current drilling at depth.  We are currently building an updated geological model to account for the majority of this high-grade mineralization, and provide early descriptions of this work.”

The Company has completed 126 of approximately 300 planned drill holes into the LP Fault target, as part of its 5 kilometer long by 500 meter deep grid drill program. Two drill sections were completed within a previously undrilled 140 meter long gap along the LP Fault; sections 20500 and 20450.  High-grade gold and wider intervals of moderate gold grades were seen in both sections. Drill hole BR-146 on drill section 20500 intersected 209.42 g/t gold over 3.95 meters, within a broader interval of 81.22 g/t gold over 10.50 meters. Mineralization began at the bedrock surface, at a down-hole depth of 35.75 meters. A deeper interval in the same drill hole returned 2.08 g/t gold over 33.10 meters at a downhole depth of 210.90 metres. Continuity of gold mineralization was demonstrated on the same drill section with drill holes BR-143 and BR-145 intersecting gold mineralization 120 and 160 meters vertically below BR-146, respectively. Highlights from BR-143 include 9.34 g/t gold over 4.55 meters, within a broader interval of 3.24 g/t gold over 21.00 meters, and 70.60 g/t gold over 0.50 meters, within a broader interval of 1.50 g/t gold over 24.00 meters. Highlights from BR-145 include 15.25 g/t gold over 3.50 meters, within a broader interval of 11.47 g/t gold over 11.30 metres. Continuity of gold mineralization was also demonstrated on adjacent drill section 20450, located 50 meters to the southeast of BR-146. Drill hole BR-144 intersected 23.46 g/t gold over 8.80 meters, including a higher-grade sub-interval of 231.00 g/t gold over 0.50 meters. The total mineralized interval was 3.73 g/t gold over 65.00 meters.

Additional drill results were returned from the same mineralized zone on drill section 20900, located 400 meters to the northwest of drill hole BR-146.  Highlights include: Drill hole BR-160 returned 18.31 g/t gold over 2.50 meters, within a broader interval of 4.62 g/t gold over 12.15 meters; & Drill section 20500 showing highlighted results from BR-143, BR-145 and BR-146.  All individual assay intervals are provided from the reported shallow high-grade interval in BR-146, together with an image of visible gold mineralization from this drill hole.  Images of gold mineralization are from selected intervals and are not representative of all of the gold mineralization on the property.

Great Bear continues to collect and interpret data to refine the geological model for the entire Dixie property.  To date, the company has collected > 164,000 drill core samples and > 100,000 downhole data observations including alteration, mineralization and > 36,000 oriented structural core measurements.   These data points together with ongoing cross section and 3D geological modeling continue to guide exploration drilling on the property.

While the Hinge and Dixie Limb zones are being modeled as discrete vein / replacement zones within dominantly mafic volcanic rocks, the LP Fault system consists of a broad and laterally continuous zone of disseminated gold mineralization which contains several discrete foliation parallel zones of higher grade gold mineralization with generally steeply-dipping planar geometries, hosted within both felsic-intermediate volcanic (“FV”) rocks and meta-sedimentary (“MS”) rocks. The “sheet-like” geometry of these zones adds to their predictability across drill sections and to depth and continues to facilitate their targeting during ongoing exploration.

The broad zone of gold mineralization at the LP Fault is associated with specific rock types, geological contacts and alteration assemblages.  These rock types are recorded during core-logging and contact relationships are later refined in the 3D model once lithogeochemical data are available.

To date, two discrete high grade corridors extending to the depths of current drilling, have been identified through interpretation and re-logging of drill core from within the LP Fault: “Upper Vein Zone” – A discrete zone containing up to 60% deformed and transposed quartz veins.  Gold occurs in both veins and wall rock and is interpreted through multiple drill holes to extend for more than 700 meters of strike, which remains open to extension in all directions; “High Strain Zone” – A discrete zone of increased foliation parallel strain where gold has been observed along foliation planes (without quartz veining).  In addition to the high degree of strain, the zone is also marked by an increase in silicification and local sulphide mineralization and is interpreted through multiple drill holes to extend along a strike length of at least 1.1 kilometers, which remains open to extension in all directions.