Bear Creek Mining Corporation announced that a Mine Construction Permit and an Accreditation of Water Availability have been granted by the Peruvian Ministry of Energy and Mines and the Water Authority within the Ministry of Agriculture, respectively, for the Corani silver-lead-zinc project located in southern Peru. The Mine Construction Permit authorizes the stripping and extraction of ore according to the Corani Mine plan, and the construction of auxiliary and complementary mine facilities such as access roads, the mine camp and maintenance and storage buildings. The Accreditation of Water Availability confirms that the water resources required for construction and operation of the Corani Mine are available for use in the project. A separate permit for the construction of the Corani process plant, waste and tailings disposals, water storage system and processing-related facilities is currently under review and pending approval. These permits, together with the company's approved Environmental and Social Impact Assessment that underlies them, are the key authorizations required to construct the Corani mine and the granting of these permits represents a substantial mitigation of project development risk. In the near future, Bear Creek will commence Phase 2 detailed engineering work, which is expected to lead into an Engineering, Procurement and Construction or EPC Management contract. Additionally, with the Mine Construction Permit approved, the company may commence early works projects including the construction of the Corani camp facilities and the access road from the camp to the project area, a distance of approximately 12 km. Permitting for the construction of an electrical substation and power line near the town of Macusani is underway, which will also improve the electrical system of the districts of Macusani and Corani.