Bear Creek announces favorable ruling in Santa Ana civil case, Peru

     Bear Creek announces favorable ruling in Santa Ana civil case, Peru

PR Newswire

VANCOUVER, Feb. 5, 2013

VANCOUVER, Feb. 5, 2013 /PRNewswire/ - Bear Creek Mining (TSX Venture: BCM /
BVL: BCM) ("Bear Creek" or the "Company") announces that the judge has
dismissed the civil suit lodged in the Peruvian courts by the previous
government of Peru wherein it was alleged that Bear Creek had improperly
acquired the mineral concessions at the Santa Ana silver deposit. The Company
has been informed that the Ministry of Energy and Mines has appealed the
judge's decision to the next level of court, namely the Peruvian Superior

The Company's Peruvian counsel believe that the court's current ruling is
pivotal to Bear Creek's ongoing legal standing on this matter, pending the
outcome of the appeal. With respect to the Amparo action wherein the Company
challenges the constitutionality of the Supreme Decree issued in 2011
rescinding the Company's rights to operate the Santa Ana Project while leaving
Bear Creek title to the concessions, the courts will set a hearing to present
arguments. The Amparo hearing is expected during the first half of 2013.
Meanwhile, the current civil case ruling is expected to provide further
motivation for the Peruvian government to reach a negotiated settlement
regarding Santa Ana, which has always been the Company's desired outcome.

Importantly, the Company has approximately US $70M in cash and expenditures
have decreased significantly following the submission of the Corani
Environmental and Social Impact Assessment in December 2012, allowing
sufficient funding to continue all of Bear Creek's planned activities well
into 2014 without jeopardizing development timelines. Further financing is not
envisioned until the decision is made to commence construction of Corani. If
necessary, additional measures can be taken to preserve cash beyond 2014.

Santa Ana Silver Deposit  - Santa Ana, which  has proven and probable  mineral 
reserves containing 63.2M  ounces of silver in a low CapEx, heap leach deposit
as defined by a Feasibility Study dated October 21, 2010 (see further  details 
below under  "Regulatory  footnotes"), remains  under  the conditions  of  the 
Supreme Decree issued in June 2011.  The Company remains committed towards  a 
negotiated settlement  to  resolve the  issue  and reinitiate  the  permitting 
process in 2013.  While there  has been  progress in  reaching a  resolution, 
particularly  with  respect  to  even  broader  local  community  support   in 
surrounding,  indirectly  affected  populations,  the  Company  continues   to 
vigorously pursue legal remedies in order to protect its rights under Peruvian
law and the Canada-Peru Free Trade Agreement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Regulatory footnotes:

All scientific and technical  information contained in  this news release  has 
been reviewed  and approved  by Marc  Leduc, P.  Eng., President  and COO  and 
Andrew Swarthout,  P.Geo., the  Chief Executive  Officer of  the Company,  who 
serve as the  "qualified persons"  within the meaning  of National  Instrument 
43-101 ("NI 43-101"). The block model estimate, mine design and schedules  for 
the  Santa  Ana  Feasibility  Study   were  prepared  by  Independent   Mining 
Consultants of Tucson Arizona, with John Marek, P.E. acting as the independent
qualified  person  under  NI  43-101.  Additionally,  the  methods  used   in 
determining  and  reporting  the  mineral   reserves  and  resources  in   the 
Feasibility Study are consistent with the CIM Best Practices Guidelines.

Following is a table  setting forth mineral reserve  estimates from the  Santa 
Ana Feasibility Study announced on October7,2010:

Bear Creek Mining, Santa Ana Project Silver Zone
Mineral Reserves

  October 7, 2010 Mineral Reserves, Cutoff Grade, Variable 27 to 24 g/t Silver
                                                                       by Year
        Category       Ktonnes       Silver      Lead     Zinc       Contained
                                        g/t         %        %          Silver
          Proven         8,951         57.6      0.37     0.66            16.6
            Prob        28,126         51.5      0.33     0.55            46.6
       Prov+Prob        37,077         53.0      0.34     0.58            63.2

Please refer to the Company's news  release dated October 7, 2010 for  further 
details of the Santa Ana feasibility  study, as well as the feasibility  study 
itself filed on SEDAR ( on October 21, 2010.

Certain disclosure in this release, including management's assessment of Bear
Creek's plans and projects, including statements relating to the potential
outcome of the legal actions in relation to the Santa Ana project, constitute
forward-looking information and statements under applicable securities laws.
Forward-looking statements are subject to numerous risks, uncertainties and
other factors relating to Bear Creek's operation as a mineral exploration
company, including the risks that the judge's ruling will be overturned on
appeal, and/or that the Company's challenge to the 2011 Supreme Decree or
other efforts to protect the Company's interests in the Santa Ana project will
be unsuccessful. Such risks may cause future results to differ materially
from those expressed or implied in such forward-looking statements or
information. Additional risks, uncertainties and other factors are disclosed
in Bear Creek's continuous disclosure filings with Canadian securities
regulators including its most recent annual information form, available on 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.

SOURCE Bear Creek Mining Corporation


Lisa May - Investor Relations
Phone: 604-685-6269 Direct: 604-628-1111
For further information, please visit the Company's website
Press spacebar to pause and continue. Press esc to stop.