Bear Lake Gold Announces New Shareholder Meeting Date and Update on Projects

Bear Lake Gold Ltd. (the "Company") (TSX VENTURE:BLG) announces that Company's
board of directors has set April 16, 2012, as the new record date for its annual
meeting of shareholders, which is scheduled for May 23, 2012. The previous
record date of February 13, 2012 and meeting date of March 28, 2012 have been
cancelled. Shareholders of record as of April 16, 2012 will be entitled to vote
at the meeting. 


The Company currently has one drill active on its Larder project testing the
resource extensions on the Bear Lake zone. Of the 15,000m drill program
initiated in September 2011, 14,241m have been drilled so far: 16 holes
totalling 8,318 meters have been completed at Cheminis, 6 holes totalling 4,232
meters have been completed on the Bear Lake zone, and 2 holes totalling 1,691
meters have been completed at Fernland. The objectives of the program are to
test the extensions of the mineralized zone at Cheminis and Bear Lake, and
investigate the Fernland area. Initial assay results were released in November
2011. Drill core is sampled at site and sent to the assay lab regularly. Due to
backlog at site, many holes are in the sampling process and many assay results
are still pending.


In addition, the Company announces that it has terminated the option agreement
to earn a 60% interest in the Unity mineral property located in Idaho, USA. The
Company had not conducted any field work on this project since the summer of
2009.


The technical information contained in this press release was prepared and
approved by Francois Viens, President and CEO of the Company. Mr. Viens is a
'qualified person' within the meaning of that term under NI 43-101. 


Forward-Looking Information 

This news release contains certain "forward-looking information" under Canadian
securities laws. All statements that address future plans, activities, events or
developments that the Company believes, expects or anticipates will or may occur
are forward-looking information. Specifically, this news release contains
forward looking information about the Company's work program to be carried out
at Larder Lake, and results and timing of exploration programs. Forward looking
information is based upon assumptions by management that are subject to known
and unknown risks and uncertainties beyond the Company's control, including
risks related to mining exploration and the availability of financing for
companies such as the Company. There can be no assurance that outcomes
anticipated in the forward looking information will occur, and actual results
may differ materially for a variety of reasons. Accordingly, readers should not
place undue reliance on forward-looking information. The Company undertakes no
obligation to update publicly or otherwise revise any forward-looking
information, except as may be required by law.


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 at www.bearlakegold.com and on SEDAR at
www.sedar.com.

Bear Lake Gold Ltd. (TSXV:BLG)
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