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Silver Bear Corrects Comments Made in The Northern Miner

^{Published on 2011-03-07 05:40:26 - Market Wire}
 

TORONTO, March 7 /CNW/ - Silver Bear Resources Inc. ("Silver Bear" or the "Company") (TSX:SBR) wishes to correct references made to the Company in the February 28 - March 6, 2011 issue of The Northern Miner. The Northern Miner incorrectly stated that Silver Bear had acquired Solid Resources' 49% stake in the Bear mineral property. The Company was not part of this transaction and has no interest in this property. Silver Bear has contacted The Northern Miner and informed them of the error.

Silver Bear continues to focus on its 100% owned Mangazeisky Project in Russia. The Company is currently evaluating strategic alternatives which may include: continued exploration/development of the Mangazeisky Project, joint venture of the project, or combination with another mineral focused company.

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 asset is its 100% owned Mangazeisky Project, 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 symbol "SBR". Silver Bear has 37,935,569 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 web site at [ www.silverbearresources.com ].