Bearing Appoints Robert Cameron President & CEO and Geoff Chater Executive Chairman
October 04 2012 - 9:00AM
Marketwired
Bearing Resources Ltd. ("Bearing", or the "Company") (TSX
VENTURE:BRZ) is pleased to announce the appointment of Geoff Chater
as Executive Chairman, Robert Cameron as President and CEO and
David Watkins as Lead Independent Director as part of a management
realignment.
Geoff Chater commented, "I look forward to continuing to be a
driving force behind the development and growth of Bearing in my
new capacity as Executive Chairman, while allowing Robert to focus
on the day to day running of the Company. I would also like to
thank David for his service as Chairman and for his continued
support as the Lead Independent Director."
In addition, to the above mentioned changes Paul Reinhart has
resigned as Manager of Corporate Relations but will continue to
provide ongoing consulting services to the Company through his
Vancouver based consulting business on a contract basis focusing on
business development and corporate relations for $6,000 per month.
The Company has also rationalized its overhead by transferring some
of its administrative functions from Mexico to Vancouver.
Robert Cameron was formerly the VP Business Development and will
assume the role of President and CEO of the Company, effective
October 3, 2012. Robert was previously President and CEO of Valley
High Ventures, prior to the formation of Bearing Resources, and has
over 30 years of experience in the mining industry. He has recently
held the position of Mining Analyst for Research Capital Inc. and
prior to that held the position of Vice President and Manager of
Exploration for Phelps Dodge Corporation of Canada Limited (a
subsidiary of Freeport McMoRan Copper and Gold Inc.). He is also a
qualified person for the purposes of National Instrument
43-101.
About Bearing Resources
Bearing is a Canadian based precious and base metal exploration
company with projects located in British Columbia, the Yukon and
Mexico. Bearing is exploring at the approx. 40,000 hectares Mapimi
gold-silver project located in the Altiplano Region of eastern
Durango, Mexico. Bearing has an option to earn up to a 65% interest
in the 12,113 hectare Zymo copper-gold project ("Zymo"), located 45
kilometres west from the town of Smithers, British Columbia. The
Company's Mount Polley and October Dome copper-gold projects are
located in British Columbia near Imperial Metals Corporation's
("Imperial") Mt. Polley copper-gold mine and includes a production
royalty on the Boundary property, with Imperial. In the Yukon, Ryan
Gold Corp. has been granted a right to earn up to 75% interest in
Bearing's Flume property located within the White Gold
District.
BEARING RESOURCES LTD.
Robert Cameron, President & CEO
This news release includes certain "forward-looking statements"
under applicable Canadian securities legislation. Such
forward-looking statements or information, including but not
limited to, those with respect to potential future and exploration
potential of anomalies and properties involve known and unknown
risks, uncertainties, and other factors which may cause the actual
results, performance or achievements of Bearing to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements or
information. Such factors include, among others, the actual prices
of commodities, the factual results of current exploration,
development and mining activities, changes in project parameters as
plans continue to be evaluated, as well as those factors disclosed
in documents filed from time to time with the securities regulators
in the applicable Provinces of British Columbia and Alberta.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Bearing Resources Ltd. Robert Cameron (778)
989-1501rcameron@bearingresources.ca Bearing Resources Ltd. Paul
Reinhart (604) 488-4907preinhart@bearingresources.ca
www.bearingresources.ca