News Column

Bear Lake Gold Announces Shareholder Approval of Plan of Arrangement

May 8, 2014

ENP Newswire - 08 May 2014

Release date- 07052014 - Longueuil, Quebec - Bear Lake Gold Ltd. (TSX.V: BLG) is pleased to announce that its shareholders have approved the proposed business combination of Bear Lake and Kerr Mines Inc. by way of plan of arrangement previously announced on February 26, 2014.

There were no dissenting shareholders.

The Arrangement is expected to be completed on or about May 16, 2014 upon satisfaction or waiver of all of the conditions to the Arrangement set out in the arrangement agreement entered into by Bear Lake and Kerr and a wholly-owned subsidiary of Kerr ('Kerr Subco') on February 25, 2014, including approval by the Ontario Superior Court of Justice at a hearing scheduled for May 14, 2014 and stock exchange approvals.

Upon completion of the Arrangement, Kerr via Kerr Subco will acquire all the outstanding shares of Bear Lake through the issuance of 1.4 units of Kerr's securities (each unit comprised of one Kerr common share and one-half common share purchase warrant, each whole warrant exercisable for 2 years at an exercise price of $0.16) in exchange for each Bear Lake share. Following completion of the Arrangement, Bear Lake shares will be de-listed from the TSX Venture Exchange.

Full details of the terms of the Arrangement are set out in the Bear Lake's management information circular dated April 4, 2014, which is available on SEDAR at

Additional information about the Company is available on its website at


David Fennell

Executive Chairman

Bear Lake Gold Ltd.

Tel: 450-677-1009


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Source: ENP Newswire

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