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*Bearing Lithium Corp. 
Listed Company 

BEARING RESOURCES LTD. ("BRZ")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 1, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 30, 2016:

Number of Shares: 12,000,000 shares

Purchase Price: $0.13 per share

Warrants: 12,000,000 share purchase warrants to purchase 12,000,000 shares

Warrant Exercise Price: $0.25 for a one year period

Number of Placees: 37 Placees

Insider / Pro Group Participation:

Insider=Y /
Name ProGroup=P # of Shares
Kirk Shaw Y 200,000
Chris Haskett-Watt Y 38,461
Ann Fehr Y 38,461

Aggregate Pro Group Involvement
[7 Placees) 2,680,000

Finder's Fee: Canaccord Genuity Corp. - 26,769 Agent's Options that are exercisable into common shares at $0.25 per share for a one year period.

Haywood Securities Inc. - $66,966.01 and 443,846 Agent's Options that are exercisable into common shares at $0.25 per share for a one year period.

Mackie Research Capital Corp. - 12,000 Agent's Options that are exercisable into common shares at $0.25 per share for a one year period.

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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