Great Bear Amends BA and Surprise Creek Agreements

Vancouver, BC, Canada / TheNewswire / October 21, 2016  – Great Bear Resources Ltd. (the “Company” or “Great Bear”, TSXV:GBR) today announced it has amended its Joint Venture Agreement (the “Agreement”) with Mountain Boy Minerals Ltd. (TSX-V: MTB, “Mountain Boy”) to streamline exploration activities at the BA and Surprise Creek properties in the Golden Triangle area of British Columbia.
The following changes have been implemented:

• Separate Joint Venture agreements have now been signed for the BA and Surprise Creek properties giving Great Bear operational control and casting vote on exploration decisions at BA and Mountain Boy the same at Surprise Creek, and;
• Annual minimum work programs of $250,000 are required at each project to ensure ongoing exploration activity.

Great Bear and Mountain Boy each hold a 50% ownership interest in both properties at the date of signing.  All other provisions of the original Agreement remain in effect.  The Company believes that advancing each property under a separate agreement with clear operatorship and budgeting provisions and will allow for more efficient and focused exploration to be carried out on both projects.
BA Exploration Update
The Company also announces completion of its 2016 field investigation program at BA.  Work included over 150 metres of channel sampling, targeting both recently deglaciated and previously mapped VMS-mineralized stratigraphy, and a comprehensive relogging, resampling, and review of drill core from the 15,000 metre, 82 hole drill program completed in 2010 by the Company.
Assays results from the zinc-silver-lead and gold-copper mineralized zones channel sampled by Great Bear are expected to be received over the coming weeks.