VANCOUVER, March 16, 2012 /PRNewswire/ – 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.

SOURCE Bear Creek Mining Corporation