Vancouver, British Columbia--(Newsfile Corp. - July 19, 2024) - Bear Creek Mining Corporation (TSXV: BCM) (OTCQX: BCEKF) (BVL: BCM) ("Bear Creek" or the "Company") announces it produced 9,304 ounces of gold and 40,893 ounces of silver from the Mercedes Mine ("Mercedes") during the three months ended June 30, 2024 ("Q2 2024") and has engaged a number of expert consultants to participate in an intensive exploration initiative to identify new exploration targets proximal to the Mercedes operation and elsewhere within the approximately 70,000 hectare Mercedes project.

Eric Caba, President and CEO of Bear Creek, states, "As a result of efforts to optimize fundamental mine processes at Mercedes, recent marked improvements in many key metrics including gold grade and development meters continued during Q2 2024. However, as we had forecast in Q1 2024, some operating challenges at Mercedes have continued. Though production from the Marianas deposit decreased as expected as we proceeded to drive a new lateral ramp, the effect of this was less than internally anticipated as we were able to increase both grade and tonnage elsewhere. The new lateral ramp, furthermore, is expected to facilitate improved delineation drilling and ultimately production from Marianas later this year and into 2025, and is part of a larger strategy to improve the long term potential of the Mercedes operation. Feeding into that strategy is our recently initiated near-mine and district-wide exploration program that is combining traditional exploration techniques with Machine Learning tools to identify new exploration targets. This work has already generated several new near-mine targets under cover that we are actively investigating."
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