Bearing Announces Drill Results From the October Dome Copper-Gold Project, BC

Bearing Resources Ltd. ("Bearing", or the "Company") (TSX VENTURE:BRZ) is
pleased to announce the drill results from the Company's 2012 drill program at
its 100% owned October Dome copper-gold project, located 6 kilometres west of
the town of Likely, in the Cariboo Mining Division of British Columbia. The
October Dome copper-gold property forms part of Bearing's larger landholdings in
the area which are adjacent with both Imperial Metals Corporation's Mount Polley
porphyry copper-gold mine property (10 kilometres to the south) and Barkerville
Gold Mines Ltd.'s QR skarn gold mine property (7 kilometres to the northwest). 


The 1,002 metre (4 hole) diamond drill program targeted a 400 metre strike
length of a 4 kilometre long gold and copper soil anomaly that is coincident
with an induced polarization ("IP") chargeability anomaly. The target area is
covered by overburden with limited bedrock exposure of diorite and syenite
intrusions and sedimentary units. The area drill tested is covered by a layer of
up to 3 metres of glacial till. All four drill holes encountered diorite and
monzonite intrusions with minor hornfelsed sedimentary units and intrusive
dykes. Alteration in the drill holes is pervasive, comprised of propylitic
alteration with pyrite, epidote and rare chalcopyrite overprinting an earlier
episode of potassic alteration. Gold values are elevated in all holes with the
best results occurring in hole OD-1 where a 6 metre interval returned 0.15%
copper ("Cu") with 0.46 gram per tonne ("gpt") gold ("Au"). Details of the
recent drilling are presented below. Drill intervals reported are core lengths
and true widths are not known. Collar locations are presented at the end of this
release. 




Table 1: Significant Intersections                                          
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                        From          To      Length      Copper        Gold
Hole                (metres)    (metres)    (metres)       (ppm)       (ppb)
----------------------------------------------------------------------------
OD-1                     6.1       239.3       233.2         368         105
----------------------------------------------------------------------------
OD-1                      48          54           6        1454         455
----------------------------------------------------------------------------
OD-1                      74          94          20         977         175
----------------------------------------------------------------------------
OD-2  No significant results                                                
----------------------------------------------------------------------------
OD-3                      96         104           8         833         173
----------------------------------------------------------------------------
OD-4                     6.1         220       213.9         392          91
----------------------------------------------------------------------------
OD-4                      92         114          22        1066         137
----------------------------------------------------------------------------



The drill results may represent the discovery of a previously unrecognised
akalic-style porphyry copper-gold system in an area of extensive glacial till
cover. These types of porphyry deposits can be zoned with gold dominant zones
located at the outer extremities of the propylitic alteration envelope, similar
to the nearby QR gold deposit, and with copper-gold zones located in the core of
the system associated with potassic alteration. The area tested by the 2012
drill program represents only 10% of the current 4 kilometre target. Following
compilation of the new drill results with existing geophysical and geochemical
data, Bearing will determine future exploration plans for the project

QA/QC

NQ size drill core was sampled in two-metre intervals with a manual core
splitter. One-half of the core was placed in sealed plastic bags and delivered
to Acme Analytical Laboratories Inc. ("Acme") in Vancouver for crushing and
pulverizing and then analysed following aqua regia digestion by ICP-MS. As part
of the company's QA/QC (quality assurance/quality control) procedures, standards
and blanks were inserted into the sample batches. ACME is an ISO 9001-registered
laboratory and has a quality control program in place which includes the
insertion of standard, blank and duplicate samples, as well as conducting repeat
analyses. Field work and project management was under the direct supervision of
Robert Cameron, P.Geo., who is a qualified person within the context of National
Instrument 43-101. Robert Cameron has read and takes responsibility for this
news release.




Table 2: Drill Hole Locations                                             
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Drill Hole     Easting  Northing   Elevation     Depth       Dip   Azimuth
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OD-1            589995   5833171         893     239.3     -61.1      47.1
--------------------------------------------------------------------------
OD-2            589939   5833242         876     252.1     -61.1      47.1
--------------------------------------------------------------------------
OD-3            589823   5833360         843     246.0     -61.9      40.9
--------------------------------------------------------------------------
OD-4            589646   5833368         910     264.3     -59.8      45.2
--------------------------------------------------------------------------



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 exploring
at the approx. 40,000 hectares Mapimi gold-silver project located in the
Altiplano Region of eastern Durango, Mexico. The Company's Mount Polley and
October Dome copper-gold projects are located in British Columbia near Imperial
Metals Corporation's ("Imperial") Mt. Polley copper-gold mine and includes a
production royalty on the Boundary property, with Imperial. In the Yukon, the
company has three projects optioned out including the Flume Project where Ryan
Gold Corp. has been granted a right to earn up to 75% interest. 


BEARING RESOURCES LTD.

Robert Cameron, 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 potential future and
exploration potential of anomalies and 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bearing Resources Ltd.
Robert Cameron
(604) 682-5546
rcameronr@bearingresources.ca


Bearing Resources Ltd.
Paul Reinhart
(604) 488-4907
preinhart@bearingresources.ca
www.bearingresources.ca
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