LARDER LAKE PROPERTY

Bear Lake Gold reported to have suspended all operations at its Larder Lake Property while its investigation continues. On July 21, 2009 the Company announced that it had become aware of material inconsistencies regarding exploration data that appear to compromise the prior reporting of exploration results in respect of the Larder Lake Property.

Bear Lake Gold reported that it has become aware of material inconsistencies regarding exploration data that appear to compromise prior reporting of exploration results in respect of the Larder Lake Property. These matters were uncovered by the independent technical consulting firm engaged by the Company to complete a resource estimation of the Bear Lake zone and draft a NI 43-101 technical report in respect of the Larder Lake Property.

Bear Lake Gold Ltd. report additional results from the infill core drilling program on the Bear Lake gold zone of its 100% owned Larder Lake Project, located in north eastern Ontario. Select highlights include, Hole #67 which intersected, at a vertical depth of 700 meters, a 7.5 meter section of carbonate-type mineralization grading 10.4 g/t gold, including 2.7 meters at a grade of 17.9 g/t gold. In another result a wedge placed in hole #67 (hole 67W) re-tested the carbonate-type zone (less than a meter away) and cut a 7.9 meter section which assayed 22.5 g/t gold, including 4.3 meters grading 37.5 g/t gold.