Silver Bear Resources Inc. announced that Mr. Robin Birchall will be stepping down as Executive Chairman of the company at the end of September, after serving in his position for 3 years. Mr. Birchall was appointed with the mandate to ensure that the company had the team and funding to advance the Mangazeisky silver project through the development and construction stage. Mr. Birchall will continue to provide his services while the company secures the final required funding for the construction of the Mangazeisky project after which he shall step down due to the requirements of his other business interests.

Mr. Birchall will remain on the Board as a director. The board will appoint Mr. Chris Westdal to replace Mr. Birchall in the role of Non-executive Chairman. Mr. Westdal is a former Canadian diplomat with 22 years of experience in the field, 16 heading Canadian Embassies, High Commissions and international delegations, including Ambassador to Russia from 2003 to 2006.