Bearing Resources Announces the Start of 2012 Field Programs at Zymo Copper-Gold Project, British Columbia and Flume Gold Pro...

Bearing Resources Ltd. ("Bearing", or the "Company") (TSX VENTURE:BRZ) is
pleased to announce that 2012 field programs have commenced on the Company's
Zymo copper-gold project in British Columbia and the Flume gold project in the
Yukon.


Zymo Copper-Gold Project, British Columbia

The Company is earning a 65% interest in the Zymo project from Eastfield
Resources Ltd. ("Eastfield") (TSX VENTURE:ETF). The 12,113 hectare property is
located 45 kilometres west of Smithers, British Columbia. Historical
exploration, including surface sampling, geophysical testing and core drilling,
has identified a large copper-gold porphyry system that includes four distinct
porphyry targets (Hobbes, FM, URC and RD Zones). Overall the targets are defined
by coincident copper and gold soil anomalies contained within a nine kilometre
by three kilometre induced polarization ("IP") chargeability anomaly which
remains open to the southeast. The Company has budgeted $900,000 for a six hole,
2,500 metre, diamond drill program designed to further test and expand the four
known target areas. A summary of the zones and significant historic results
follows:


Hobbes Zone

The Hobbes zone is the most advanced target at Zymo highlighted by drill hole
ZY08-09 drilled in 2008, which returned 72 metres (core length) of 1.11% Cu
equivalent ("Cu eq.") (0.72% Cu and 0.54 g/t Au). Drilling of seven holes in
2011 by Bearing focused on step-out drilling to the north, east and west of the
prior drilling and was successful in extending mineralization approximately 75
metres to the north, 100 metres to the east and 80 metres to the west (hole
ZY11-20 returned 126 metres of 0.54% Cu eq. (0.34% Cu and 0.28 g/t Au, starting
from 3 metres). The mineralization remains open to depth and to the west, east
and south. Mineralization covers an area defined by drilling of 720 metres by
350 metres with the deepest intersection extending to 300 metres. 


FM Zone

The FM zone is four kilometres east of the Hobbes zone and was tested by
previous operators with seven historic wide-spaced drill holes that encountered
mostly barren to low grade phyllic-altered intrusive and intrusive breccias
associated with magnetic lows. In 2011, drilling by Bearing tested two new areas
which targeted coincident magnetic highs and copper-gold soil geochemistry
anomalies. Drilling was successful in identifying two new areas of copper-gold
mineralization. Hole ZY11-18 tested the original discovery outcrop and returned
144 metres of 0.32% Cu eq. (0.22% Cu and 0.15 g/t Au) starting at 15 metres
before passing into anhydrite-veined diorite breccia. Hole ZY11-19 located 770
metres south of hole ZY11-18 intersected a long low grade interval of 353.5
metres grading 0.16% Cu eq. (0.11% Cu, 0.08 g/t Au) within diorite and diorite
breccia. Both areas are open to expansion and suggest additional potential at
other undrilled magnetic highs within the FM zone.


RD Zone

The RD Zone lies one kilometre southwest of the FM Zone and 3 kilometres
southeast of the Hobbes Zone. The target is defined by an 800 metre by 1,000
metre copper-gold in soil anomaly. Massive sulphide veins up to one metre thick
have been located on the western side of the target and these veins carry high
silver and gold values. There is no outcrop and no drill testing to date on this
target.


URC Zone

At URC, located 1.5 kilometres southwest of Hobbes, is a large 200 metre by
1,500 metre copper and gold soil anomaly with coincident geophysical anomalies
(magnetic high and IP high). One drill hole in 2011 returned no significant
results and the anomalies remain unexplained. The majority of the URC target
remains largely untested. 


Flume Gold Project, Yukon

The Flume Property lies approximately 60 kilometres south west of Dawson City in
the Yukon Territory, and is in the heart of the gold rich 10-Mile River placer
district. The area is underlain by Devonian to Mississippian quartz-mica
schists, with intermediate to mafic intrusives interlayered with the
meta-sediments. The area is intruded by a mid-Cretaceous monzonite stock.
Geophysical surveys highlight large north-south trending structures, possible
dyke systems, which are interpreted to be one of the controls of the
gold-in-soil anomalies. The southernmost surface gold-in-soil anomaly is, in
total, approximately 4 kilometres long and 1 kilometre wide.


Ryan Gold Corp. (TSX VENTURE:RYG) ("Ryan Gold") is in the process of earning a
51% interest on the Flume Property from Bearing with a right to earn up to 75%.
Ryan Gold has commenced a 1,500 meter diamond drilling program designed to test
soil anomalies identified in 2011. Ryan Gold plans a fence of seven drill holes
on the southern gold-in-soil anomaly to test geophysical lineaments,
meta-sediments and intrusive stocks which may host gold mineralization (refer to
map at Ryan Gold's website www.ryangold.com).


Robert Cameron, P.Geo., who is a qualified person within the context of National
Instrument 43-101, has read and takes responsibility for this news release.
Copper equivalent calculations in this news release do not take into account
metallurgical recoveries and are based on in ground metal using metal prices of
US$1,200/ounce for gold and US$2.50/pound for copper. Information related to
drill hole ZY08-09 was disclosed in Eastfield's news release dated November 13,
2008. Drilling results from Bearing's 2011 exploration program were published in
the Company's news release dated December 8, 2011.


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 hectares 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

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 exploration results from the
Zymo and Flume properties, 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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