VANCOUVER, BRITISH COLUMBIA, Jul 13, 2011 (MARKETWIRE via COMTEX) — Bearing Resources Ltd. (“Bearing” or the “Company”) reports that the Company has granted an aggregate of 2,090,000 incentive stock options (the “Options”) at an exercise price of $0.72 per Option, of which 1,800,000 Options were granted to insiders of the Company. The Options will vest over a two year period from the date of grant. The Options are granted in accordance with the Company’s Incentive Stock Option Plan approved on March 22, 2011. The grant of the Options is subject to the final approval of the TSX Venture Exchange.
About Bearing Resources
Bearing is a Canadian based precious and base metal exploration company with projects located in British Columbia, the Yukon and Mexico. Bearing has an option to earn up to a 65% interest in the 12,113 hectare Zymo copper-gold project (“Zymo”), located 45 kilometres west from the town of Smithers, British Columbia. The Company’s Mount Polley and October Dome projects are located in British Columbia adjacent to Imperial Metals Corporation’s (“Imperial”) Mt. Polley copper-gold mine and includes a potential production royalty on the Boundary property, with Imperial. In the Yukon, Ryan Gold Corp. has been granted a right to earn up to 75% interest in Bearing’s Flume property located within the White Gold District. Bearing also holds a portfolio of Yukon exploration properties located near Golden Predator’s Clear Creek gold project and Northern Tiger’s 3Ace gold project. In addition, Bearing is conducting generative exploration in Mexico and early stage exploration at the 26,849 hectare Parrandera copper-gold project located in the Mapimi region of eastern Durango, Mexico.
BEARING RESOURCES LTD.
Geoff Chater, President & CEO
