Bear Creek Mining Corporation announced that GMI Ingenieros Consultores S.A. has provided the Company with the results of the Phase 1 Detailed Engineering work at the Corani silver-lead-zinc project in Peru that commenced in November 2016. With the completion of the Phase 1 Detailed Engineering, Bear Creek's evolution toward becoming an emerging producer is progressing. In order that this corporate transition be steered at the executive level by an experienced and successful mine builder, Andrew Swarthout has elected to step down from his position as President and CEO of Bear Creek to assume the role of Executive Chairman, effective October 1, 2017.

Catherine McLeod-Seltzer, current Chairman of the Company, will continue to serve as a director. A warm welcome is extended to Mr. Anthony Hawkshaw, who was selected by the Company's Board of Directors to replace Mr. Swarthout in the position of President and CEO of Bear Creek Mining. Mr. Hawkshaw has over 30 years' senior executive experience in the mining industry and a proven track record of successfully executing the transformation of a mineral exploration company into a mid-tier producer.

Both appointments will be effective October 1, 2017.