Silver Bear Resources Inc.

The primary business of the Company is the evaluation, acquisition, exploration, and development of silver properties in the Russian Federation. The Company's principal asset is its 100% owned Mangazeisky Project, located approximately 400 kilometres north of Yakutsk, Republic of Sakha, Yakutia of the Russian Federation.

The Company's most recent NI 43-101 resource estimate dated February 25, 2011 estimates an indicated mineral resource of 1.1 million tonnes averaging 514 grams per tonne of silver totaling 18 million ounces, and an additional Inferred mineral resource of 1.7 million tonnes averaging 554 grams per tonne of silver totaling 31 million ounces.