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Big Bear Mining Corp Announces Acquisition of Lewiston Mining District Properties in Fremont County Wyoming from Golden Predator Mines US Inc.

10.05.2011  |  CNW
TEMPE, Ariz., May 10, 2011 /CNW/ -- 
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Big Bear Mining Corp (OTCBB: BGBR) is pleased to announce that it has executed an option agreement with Golden Predator Mines US Inc. (TSX: GPD) to acquire a 100% interest in four properties, partially consolidating the historic Lewiston Mining District in Freemont County, Wyoming. These Lewiston Mining District properties consist of 185 federal lode mining claims, two patents covering 3,771 acres and are considered to be highly prospective.

Furthermore, these properties in the Lewiston Mining District are considered to be archean meta-sedimentary gold occurrences that extend over six miles and are located in the South Pass Greenstone Belt which is similar to geologic settings for several major gold deposits in the Archean Greenstones of Canada, Australia and Africa. Big Bear's initial targets in Lewiston are gold mineralized zones exposed in more than twenty historic small mine dumps; specifically the Hidden Hand, Good Hope, and Wolf mines. These showings have never been drilled, however limited grab sampling during the due diligence period returned up to 12.3 gram per tonne gold (0.39 ounce per tonne) and 20.7 gram per tonne gold (0.66 ounce per tonne) at the Wolf Mine.

'We believe that the Lewiston Mining District acquisition further provides our company with an exciting opportunity and could produce great diversification and value for shareholders,' stated Big Bear's CEO Steve Rix. Additionally, Rix commented, 'With the recent gold discovery at Rattlesnake Hills by Evolving Gold, along with our work in this area, plus the acquisition of the Lewiston Mining Acquisition, Big Bear Mining Corp is exhibiting its commitment to developing the story of gold exploration in 'mining-friendly' Wyoming.'


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About Big Bear Mining Corp:

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Big Bear Mining Corp is a U.S. based exploration company, focused on the acquisition and development of gold and other precious commodity projects that are economically viable and geologically compelling. Big Bear is a fully reporting company quoted on the OTCBB under the symbol BGBR.


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Website: http://www.bigbearminingcorp.com/

Notice Regarding Forward-Looking Statements
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This news release contains 'forward-looking statements', as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, that the Lewiston Mining District acquisition will provide the company with diversification and value for shareholders, and any additional exploration efforts or results in regards to Rattlesnake Hills by Evolving Gold.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.


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Ross Silver of Big Bear Mining Corp, 1-480-366-5880, ir@bigbearminingcorp.com Web Site: http://www.bigbearminingcorp.com



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