Silver Bear Announces Proposed Arrangement in Order to Effect a Re-domiciliation From Canada to the United Kingdom

TORONTO, ONTARIO--(Marketwired - May 15, 2017) - Silver Bear Resources Inc. ("Silver Bear" or the "Company") (TSX:SBR) today announces that its Board of Directors (the "Board") has approved a re-domiciliation transaction by which a newly incorporated United Kingdom company, Silver Bear Resources plc ("Silver Bear UK"), will become the listed parent company of the Silver Bear group (the "UK Restructuring"). Under the transaction, among other things, each holder of Silver Bear common shares will have those common shares exchanged for Silver Bear UK ordinary shares on a one-for-one basis.