Bearing Resources Closes CDN $400,000 Flow Through Financing

Bearing Resources Ltd. ("Bearing", or the "Company") (TSX VENTURE:BRZ) is
pleased to announce the Company has closed the CDN $400,000 private placement
announced on June 27, 2012. The non-brokered flow through private placement (the
"Offering") consisted of 2,000,000 shares offered at a price of $0.20 per share.



The gross proceeds from the sale of the Offering will be used for Canadian
exploration expenses (within the meaning of the Income Tax Act (Canada)), and
the Company will use commercially reasonable efforts to ensure that such
Canadian exploration expenses qualify as a flow-through mining expenditures, for
purposes of the Income Tax Act (Canada), related to the exploration of the
Company's exploration projects. The Company will renounce such Canadian
exploration expenses with an effective date of no later than Dec. 31, 2012.


The Offering is subject to certain conditions including, but not limited to, the
receipt of all necessary approvals including the final approval of the TSX
Venture Exchange and the securities regulatory authorities. All securities
issued pursuant to the private placements are subject to a four month hold
period.


The proceeds from the flow-through financing will be used to fund the Company's
planned exploration programs at the Zymo copper-gold project and the October
Dome gold project in British Columbia.


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 is
conducting exploration for precious and base metals deposits at the approx.
40,000 hectare Mapimi project located in the Altiplano Region of eastern
Durango, 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
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 RESOURCES LTD.

Geoff Chater, President & CEO

For further information please visit Bearing's website at www.bearingresources.ca.

This news release includes certain "forward-looking statements" under applicable
Canadian securities legislation. Such forward-looking statements or information,
including but not limited to, those with respect to uncertainties in regard to
this financing, involve known and unknown risks, uncertainties, and other
factors which may cause the actual results, performance or achievements of
Bearing to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements or
information. Such factors include, among others, the actual prices of
commodities, the factual results of current exploration, development and mining
activities, changes in project parameters as plans continue to be evaluated, as
well as those factors disclosed in documents filed from time to time with the
securities regulators in the applicable Provinces of British Columbia and
Alberta.

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