SBR Silver Bear Resources Inc New

Silver Bear Resources Plc (“Silver Bear” or the “Company”) (TSX: SBR) announces today that owing to the COVID-19 global pandemic, it intends to delay the filing of its statement of executive compensation as otherwise required by subsections 9.3.1(2) and (2.2) of National Instrument 51-102 - Continuous Disclosure Obligations in reliance on Ontario Instrument 51-504 - Temporary Exemptions from Certain Requirements to File or Send Securityholder Materials of the Ontario Securities Commission. The Company expects to include its statement of executive compensation in its management information circular in connection with its 2020 annual general meeting.

About Silver Bear

Silver Bear (TSX: SBR) is focused on the development of its wholly-owned Mangazeisky Silver Project, covering a licence area of approximately 570 km2 that includes the high-grade Vertikalny deposit (amongst the highest- grade silver deposits in the world), located 400 km north of Yakutsk in the Republic of Sakha within the Russian Federation. As of April 2018, the Group attained first silver production as a result of commissioning activities and on 1 July 2019 the Group achieved full commercial production. Other information relating to Silver Bear is available on SEDAR at www.sedar.com as well as on the Group’s website at www.silverbearresources.com.

CONTACT INFORMATION:

Vadim IlchukPresident and Chief Executive OfficerT: +7 985 866 8877info@silverbearresources.com

Judith WebsterInvestor Relations Manager & Corporate SecretaryT: +416 453 8818jwebster@silverbearresources.com