BLG Bear Lake Gold Ltd.

Bear Lake Gold Ltd. (the "Company") (TSX VENTURE:BLG) announced on December 16,
2011 the grant of 1,320,000 incentive stock options to officers and employees of
the Company at a price of $0.08 per share. The Company announces that the
exercise price of these options was increased to $0.10 per share in compliance
with the policies of the TSX Venture Exchange. The other terms and conditions
remain the same.


About Bear Lake Gold

Bear Lake Gold Ltd. is focused on the exploration and development of the Larder
Lake gold project in Ontario, Canada. The common shares of the Company trade on
the TSX Venture Exchange under the symbol BLG. Additional information about the
Company is available on its website, www.bearlakegold.com and on SEDAR at
www.sedar.com.

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