Bear Creek Announces Appointment of New CFO

Bear Creek Mining Corporation (TSX Venture: BCM / BVL: BCM) ("Bear Creek" or the "Company") announces that its Chief Financial Officer, Mr. Brad Blacketor, will be leaving to pursue other opportunities effective May 7, 2012. Mr. Steve Krause will assume the position as interim CFO. Mr. Krause was previously the Company's CFO from 2003 until 2011.

Andrew Swarthout, CEO, states "We wish to thank Brad for his efforts and welcome Steve back to our team. As interim CFO, Steve will seamlessly provide the necessary support as the Company moves its projects forward towards the goal of becoming a significant silver producer by 2015."

Bear Creek is currently engaged in arranging several financing alternatives to take the Corani project through to production. These initiatives will continue to be led by our knowledgeable management and board who have extensive experience in project debt and smelter off-take financing which will form the cornerstone of the Corani financing package.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.