BRL Bearclaw Capital Corp

Bearclaw Capital Corp. (TSX VENTURE:BRL)(FRANKFURT:5BQ) is pleased to report
that the first phase of exploration work on the Axe Porphyry Copper-Gold
Property (the "Property") by Xstrata Copper Canada ("Xstrata") is underway.
Bearclaw is party to a joint venture (the "Axe JV") in which it holds a 30%
beneficial interest in 25 mineral claims (4,983 hectares) known as the Axe
Property which is located in the Similkameen Mining division approximately 20
Kilometers north of Princeton, British Columbia. Bearclaw, together with its
partner, optioned the Property to Xstrata in March of this year.


As part of the Phase One work program, Xstrata crews are conducting geological
mapping, soil sampling and line cutting on the Property with the goal of
expanding the known mineralization zones on the Property. The cut lines will be
used to conduct a future induced polarity ("IP") survey on a number of
copper-gold targets which were identified during previous drilling and
geophysical work conducted by Bearclaw and its Partner.


Bearclaw is pleased to see the Axe Property continue to be advanced through the
efforts of Xstrata and looks forward to additional exploration developments on
the Property in the future.


This news release contains forward-looking statements. Known and unknown risks
and uncertainties may cause actual events or results to differ materially from
those expressed or implied by any such forward-looking statements.


Bearclaw Captial Corp. is a Canadian public mineral exploration company which
was incorporated in British Columbia in 1999. The Company has several
significant copper-gold-silver properties located in British Columbia.


On behalf of the Board

Scott M. Ross, President and Chief Executive Officer

Bearclaw Capital Corp.

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