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Great Bear Resources Reports High Grade Gold at its Dixie Project

Aug 21, 2019

Great Bear Resources Ltd.  today reported the most recent drill results from the Hinge and Dixie Limb Zones at its Dixie Project in the Red Lake District of Ontario.  
 
The drill results came from Great Bear's new shallow high-grade gold zone at their Hinge Zone. the drill results found, 30.81 g/t gold over 2.50 m , 7.40 g/t over 13.20 m and 20.41 g/t gold over 2.20 m ,  2.07 g/t gold over 29.80 m. 
 
Results from the Dixie Limb Zone drilling intersects 21.54 g/t gold over 2.35 m and  9.68 g/t Gold over 5.60 m.
 
"The one-year anniversary of our Hinge Zone discovery is marked by the discovery of a new shallow high-grade gold zone located west of, and above, the majority of our Hinge drilling to-date, " said Chris Taylor, President and CEO of Great Bear.  
 
"Concurrently, high-grade gold continues to be drilled at predicted structural intersections in the Dixie Limb.  Presently, all three drill rigs are deployed at various targets along the LP Fault.  It would have been difficult to imagine last summer just how much progress we would make in only one year," he added.  
 
"The most exciting aspect of the Dixie project is that the pace of discovery has continued to accelerate, and we look forward to what our fully-funded drill campaign will continue to yield through 2019 and 2020," Taylor stated.
 
A new steeply plunging high-grade sub-zone was discovered to the west of, and above, most previous drilling in the Hinge Zone. Results include 30.81 g/t gold over 2.50 metres within a broader zone of 7.40 g/t gold over 13.20 metres, at only 68 metres vertical depth.  
 
The new Hinge Zone sub-zone was also tested to approximately 140 metres vertical depth, where assays returned 20.41 g/t gold over 2.20 metres, within a wide interval of 2.07 g/t gold over 29.80 metres.  Gold-bearing quartz veins are strongly developed adjacent to a newly defined sediment contact within the same high-iron tholeiitic pillow basalt that hosts the original Hinge Zone discovery.
 
Recent Dixie Limb drill results include 21.54 g/t gold over 2.35 metres within a broader interval of 9.68 g/t gold over 5.60 metres.  Drilling continues to encounter high-grade gold intervals near the predicted intersections of Hinge-Zone style gold-bearing veins with the Dixie Limb contact.    Broad intervals of low to moderate gold grades are also present at all locations drilled.
Drill interval widths are 80% of true width based on intersection points of the drill hole intercept with the geological model and oriented drill core data.
 
The Hinge Zone vein swarm has been drilled along 550 metres of strike length to-date and remains open in all directions.  The Dixie greenstone belt underlies the projected trend of the Hinge Zone vein swarm to the west for approximately 5 kilometres before being cut off by a granitic batholith.  In addition to ongoing step-out and step-down drilling within the Hinge Zone, this projected vein trend will also to be tested during ongoing drilling.
 
All three of the Company's drills remain at various targets along the LP Fault.  To-date, approximately 3 kilometres of the approximately 18-kilometre strike length of the fault system has been drill-tested with widely spaced drill fences.
 
Great Bear has organized a webinar to discuss recent drill program progress on Wednesday September 4th, 2019 at 8AM PDT/11AM EDT.  
 
Great Bear continues to undertake a fully funded, 90,000 metre drill program that is expected to continue through 2019 and 2020.  Targets tested will include the Hinge Zone, Dixie Limb Zone, Bear-Rimini Zone, Yuma Zone, LP Fault, North Fault, and other targets across the property.  In order to accelerate the program, a second drill rig was added in February, and a third drill rig arrived in June of 2019.  Approximately 45,000 metres of drilling remain in the current program.
 
Great Bear Resources Ltd.  is a well-financed company based in Vancouver, Canada, managed by a team with a track record of success in the mineral exploration sector. Great Bear holds a 100% interest, royalty free, in its flagship Dixie property, which is road accessible year-round via Highway 105, a 15-minute drive from downtown Red Lake, Ontario.  
 
The Red Lake mining district is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Newmont Goldcorp Corp., plus modern infrastructure and a skilled workforce.  Production from the Red Lake district does not necessarily reflect the mineralization that may, or may not be hosted on the Company's Dixie property. 
 
The Dixie property covers a drill and geophysically defined multi kilometre gold mineralized structure similar to that associated with other producing gold mines in the district.  In addition, Great Bear is also earning a 100% royalty-free interest in the Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology.  All of Great Bear's Red Lake projects are accessible year-round through existing roads.
 
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