Vancouver, British Columbia--(Newsfile Corp. - October 19, 2023) - Bear Creek Mining Corporation (TSXV: BCM) (OTCQX: BCEKF) (BVL: BCM) ("Bear Creek" or the "Company") is pleased to announce that further to the Company's news releases dated May 30, 2023, July 5, 2023, September 13, 2023 and September 21, 2023, the Company has issued a secured convertible promissory note in the amount of US$26,632,458 (the "Note") to defer a US$25 million current liability originally payable to a wholly-owned subsidiary of Equinox Gold Corp. ("Equinox Gold"). The Note bears interest at a rate of 7% per annum and will mature on October 19, 2028 (the "Maturity Date"). Commencing on November 30, 2023, the Company will make monthly interest payments in the amount of US$155,356 to Equinox Gold with the balance of the principal and accrued interest payable in full on the Maturity Date.

Equinox Gold may convert the principal amount outstanding into common shares in the authorized share structure of the Company pursuant to the terms set out in the Note. see & read more on
https://www.newsfilecorp.com/release/184527/Bear-Creek-Mining-Announces-Issuance-of-Promissory-Note-to-Equinox-Gold