Overview

Great Bear Resources Ltd. ("Great Bear" or the "Company") is a Canadian precious and base metals exploration company.  The Company's shares are listed on the TSX Venture Exchange under the symbol "GBR."  Incorporated in December of 2001, Great Bear is based in Vancouver, Canada.

The company currently has three projects: the Etzel Property located in the prolific Tintina Gold Mining District of Yukon, the IKE Selwyn Basin Gold Project in the Hyland District of the Yukon and the BA property and Surprise Creek Project in the Eskay Creek region of Stewart, British Columbia.

The Etzel property comprises 50 mining claims which are contiguous with, and along strike from Rockhaven Resources’ (TSX.V:RK) Klaza property.

Great Bear has an option to earn a 70% interest in the IKE project by paying to Argus $275,000 in cash payments, issuing a total of 700,000 shares, and incurring an aggregate of $2,050,000 of exploration expenditures on the Property over a 3 year period.  A further 5% interest may be earned through completion of a prefeasibility study within 2 years of the initial earn-in.

Great Bear entered into an Option and Joint Venture Agreement with Mountain Boy Minerals Ltd. (TSX-V:MTB) to earn a 50% interest in the BA project by spending $5.5 M over four years, and can earn an additional 20% interest, for a total of 70%, by completing a Positive Feasibility Study. 

Great Bear has also entered into an Option Agreement with Jayden Resources Inc. (“Jayden”)(TSX-V: JDN) for the 100% acquisition of Jayden’s  Surprise Creek claims located immediately north of the BA project. In order to acquire the claims, the Company must pay $150,000 and issue 700,000 common shares by May 25th, 2012.

The Company is planning to initiate an aggressive exploration campaign on all projects that will quickly advance from geological and geophysical mapping and geochemical sampling to drilling.  All projects will see significant drill campaigns in 2011.