Silver Bear Appoints Graham Hill as CEO

TORONTO, ONTARIO--(Marketwired - Nov 18, 2014) - Silver Bear Resources Inc. ("Silver Bear" or the "Company") (TSX:SBR) announces that Mr. Graham Hill has been appointed as the Chief Executive Officer and as a director of the Company effective November 17, 2014. Mr. Hill is a qualified mechanical engineer who has over 25 years of experience building and operating gold, silver, coal and mineral sand mines internationally. He has held senior management positions with a number of companies and has been involved in the building of the Yatela and Sadiola gold mines in Mali for Anglo America and was responsible for the development and management of Oxus Resources' Jerooy and Amantaytau gold and silver mines in Central Asia. Most recently, Mr. Hill was the Chief Operating Officer for Axmin Inc., responsible for overseeing the Feasibility Study and early development of the Passendro Gold project in the Central African Republic. Mr. Hill holds an honours degree in mechanical engineering from Sheffield Hallam University. Mr. Hill is currently based out of London, England but will relocate to Moscow to directly oversee the Company's operations in the Russian Federation.

In conjunction with Mr. Hill's appointment, Mr. Mark Trevisiol has resigned as the President, Chief Executive Officer and as a director of the Company.

Mr. Robin Birchall, the Chairman of the Board of the Company noted, "We are very pleased to have Mr. Hill joining Silver Bear. Graham's extensive experience in developing projects in the FSU and elsewhere will stand the Company in good stead as we proceed with the development of mining operations at our Mangazeisky project. The Company is seeking to complement its strong technical team as it moves forward with the development of its properties in Yakutia. I would like to thank Mr. Trevisiol for his contribution to the Company and for his years of service as the Chief Executive Officer of Silver Bear."

In connection with his appointment, Mr. Hill will receive 6,500,000 stock options of the Company as follows: (i) 2,500,000 stock options at a price of $0.175 per option exercised that vest in three equal tranches from the date hereof over a three year period; (ii) 2,500,000 stock options at a price of $0.25 per option exercised to vest in three equal tranches from the date hereof over a three year period; and (iii) 1,500,000 stock options at a price of $0.30 per option exercised to vest in three equal tranches from the date hereof over a three year period. The options remain subject to a statutory four month hold period and will expire five years from the date of grant. The options are subject to receipt of all necessary regulatory approvals, including the approval of the TSX.

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 161,089,517 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.

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.

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