Vancouver, British Columbia--(Newsfile Corp. - April 14, 2023) - Bear Creek Mining Corporation (TSXV: BCM) (OTCQX: BCEKF) (BVL: BCM) ("Bear Creek" or the "Company") announces it produced 12,025 ounces of gold and 40,105 ounces of silver from the Mercedes Mine ("Mercedes") during the three months ended March 31, 2023 ("Q1 2023"). Gold production during Q1 2023 was at roughly the midpoint of guidance provided by the Company in its news release dated February 24, 2023 (11,500 to 13,500 ounces of gold).

Eric Caba, President and COO of Bear Creek states, "We are pleased that Q1 2023 production from Mercedes is in alignment with our guidance for the quarter. Our foundational work, stemming from the Mercedes improvement program that concluded in January 2023, has prepared the Mercedes mine for improved production and efficient development and cost controls are being prioritized. Throughput has steadily increased over the course of the quarter, and we are on the cusp of adding higher grade ore from San Martin and Rey de Oro into the production pipeline. The anticipated net effect of these developments is an improvement in gold production in the coming quarters and particularly in the second half of 2023."

Production and development results for the quarter ended March 31, 2023 are as follows:

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