SBR Silver Bear Resources Inc New

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

Silver Bear Resources Inc. ("Silver Bear" or the "Company") (TSX:SBR) has
completed the first tranche of its previously announced private placement
financing of up to $11,000,000, through the issuance of 23,700,000 common shares
of the Corporation (the "Common Shares) to Inflection Management Corporation
("Inflection") at a price of $0.17 per Common Share for gross proceeds in the
amount of $4,029,000. 


Following the closing of the first tranche, Inflection, an entity owned by Mr.
Sergey Kolesnikov, holds 19.9% of Silver Bear's issued and outstanding Common
Shares.


In accordance with the rules of the TSX Company Manual, the Company is seeking
disinterested shareholder approval at its upcoming annual and special meeting of
shareholders on July 3, 2014 (the "Meeting") in order to complete the second
tranche of the private placement (See Press Release dated April 2, 2014). In
particular, the Company will be seeking approval with respect to:




1.  Subscriptions received from insiders of the Company for more than 10% of
    the non-diluted number of shares outstanding prior to the closing of a
    previous private placement to insiders completed during the last 6
    months; and 
2.  The acquisition by any one investor of more than 20% of the number of
    common shares of the Company on the date of closing, which would result
    in such investor materially affecting control of the Company. 



It is expected that Inflection will become a control person of the Company
following the completion of the second tranche of the private placement through
the subscription of an additional 17,476,471 Common Shares which would result in
Inflection holding 25.7% of the issued and outstanding share capital of the
Company upon closing. It is also expected that insiders of the Company, who have
participated in financings during the last 6 months, will subscribe in the
second tranche of the private placement. The Company anticipates the closing of
the second tranche will occur on or before July 5, 2014, subject to receipt of
necessary regulatory approvals and disinterested shareholder approval to be
obtained at the Meeting.


The Common Shares issued in connection with the first tranche are subject to
statutory resale restrictions which expire on September 21, 2014. The Common
Shares issued in connection with the second tranche will be subject to statutory
resale restrictions for a period of four months and one day following closing of
the private placement.


Sberbank Private Banking (Moscow) has been retained to act as a consultant with
respect to this private placement. The Company intends to pay finder's fees to
certain arm's length finders in an aggregate amount of up to 6.5% of gross
proceeds raised in connection with the private placement.


The Company intends to use the gross proceeds of the Offering to finance the
further development of the Mangazeisky project towards production and for
general working capital purposes.


Silver Bear Resources Inc. 

The primary business of the Company is the evaluation, acquisition, exploration
and development of silver properties in the Russian Federation. The Company's
principal focus is the Mangazeisky exploration lease and the Vertikalny Deposit,
over which Silver Bear has exclusive exploration/mining rights. It is located
approximately 400 kilometres north of Yakutsk in the Republic of Sakha, Yakutia
in the Russian Federation. 


Silver Bear Resources Inc. is listed on the Toronto Stock Exchange and its
common shares trade under the ticker symbol "SBR". Silver Bear has 119,456,550
issued and outstanding common shares. Other information relating to Silver Bear
is available on SEDAR at www.sedar.com as well as on the Company's website at
www.silverbearresources.com.


Mark Trevisiol P.Eng, President and CEO of Silver Bear and a qualified person
under National Instrument 43-101 and has reviewed and approved the content of
this press release.


Cautionary Notes 

This release and subsequent oral statements made by and on behalf of the Company
may contain forward-looking statements, which reflect management's expectations.
Wherever possible, words such as "intends", "expects", "scheduled", "estimates",
"anticipates", "believes" and similar expressions or statements that certain
actions, events or results "may", "could", "would", "might" or "will" be taken,
occur or be achieved, have been used to identify these forward-looking
statements. Although the forward-looking statements contained in this release
reflect management's current beliefs based upon information currently available
to management and based upon what management believes to be reasonable
assumptions, Silver Bear cannot be certain that actual results will be
consistent with these forward-looking statements. A number of factors could
cause events and achievements to differ materially from the results expressed or
implied in the forward-looking statements. Such risks factors include but are
not limited to risks factors identified by Silver Bear in its continuous
disclosure filings filed from time to time on SEDAR. These factors should be
considered carefully and prospective investors should not place undue reliance
on the forward-looking statements. Forward-looking statements necessarily
involve significant known and unknown risks, assumptions and uncertainties that
may cause Silver Bear's actual results, events, prospects and opportunities to
differ materially from those expressed or implied by such forward-looking
statements. Although Silver Bear has attempted to identify important risks and
factors that could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be other factors
and risks that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, prospective
investors should not place undue reliance on forward-looking statements. These
forward-looking statements are made as of the date of this release, and Silver
Bear assumes no obligation to update or revise them to reflect new events or
circumstances, unless otherwise required by law. 


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "1933 Act"), or any state securities laws and may not be offered
or sold within the United States or to, or for the account or benefit of U.S.
persons (as defined in Regulation S under the 1933 Act) absent such registration
or an applicable exemption from such registration requirements.


For further details, please visit www.silverbearresources.com.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Mark Trevisiol, President and Chief Executive Officer
Silver Bear Resources Inc.
65 Queen Street West, Suite 825, P.O. Box 71
Toronto ON, M5H 2M5
+1-416-861-5893
info@silverbearresources.com


Robin Birchall, Executive Chairman
Silver Bear Resources Inc.
1 Adam Street
London, WC2N 6LE
UK+44 771 131 3019

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