LONGUEUIL, QUEBEC — (Marketwire) — 05/14/12 — Bear Lake Gold Ltd. (TSX VENTURE: BLG) is pleased to announce the settlement of a claim initiated against the Company in 2010 by Polymet Resources Inc. (Polymet Labs), an assay laboratory in Cobalt, Ontario. The lawsuit was dismissed on a without cost basis. Bear Lake has always recognized that Polymet was not responsible for the data inconsistencies discovered in 2009, as was later confirmed by the independent investigation. Bear Lake regrets the inconvenience that this matter has caused to Polymet. Bear Lake and Polymet are pleased to put an end to the litigation.
About Bear Lake Gold
Bear Lake Gold Ltd. is focused on the exploration and development of the Larder Lake gold project in Ontario, Canada. The common shares of the Company trade on the TSX Venture Exchange under the symbol BLG. Additional information about the Company is available on its website, and on SEDAR at .
Neither 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.
Contacts: Francois Viens President and CEO Bear Lake Gold Ltd. 450-677-1009 450-677-2601 (FAX)
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