Vancouver, British Columbia--(Newsfile Corp. - August 21, 2024) - Bear Creek Mining Corporation (TSXV: BCM) (OTCQX: BCEKF) (BVL: BCM) ("Bear Creek" or the "Company") that funds in the amount of US$750,000 (the "Draw") have been drawn down by the Company pursuant to the amended and restated secured promissory note dated January 22, 2024 (the "Sandstorm Promissory Note"), issued by the Company to an affiliate of Sandstorm Gold Ltd. ("Sandstorm"). The Draw represents US$375,000 in Additional Credit (as defined below) for each of July and August 2024 and will be used for continuing exploration work at Mercedes and general working capital purposes.

Pursuant to the terms of the Sandstorm Promissory Note, Sandstorm has made available to the Company credit in the amount of up to US$375,000 per month from February 2024 to August 2024 (the "Additional Credit"). Subject to prior approval from the TSX Venture Exchange, Sandstorm may, at its election and at any time before September 22, 2028, convert the amounts drawn under the Additional Credit into common shares of the Company in accordance with the terms of the Sandstorm Promissory Note. see & read more on
https://www.newsfilecorp.com/release/220625/