Mr. Eric Caba reports

BEAR CREEK MINING ANNOUNCES DRAWDOWN OF FUNDS UNDER 2025 SANDSTORM NOTE

Bear Creek Mining Corp., pursuant to the secured promissory note issued to a wholly owned subsidiary of Sandstorm Gold Ltd. on May 8, 2025, drew funds in the amount of $1.2-million (U.S.) on Oct. 8, 2025. The principal amount of the 2025 Sandstorm note is a maximum of $6.5-million, of which the company may draw down up to $600,000 (U.S.) per month. An aggregate total of funds drawn to date is $5.4-million (U.S.) and the remaining amount of up to $1.1-million (U.S.) may be drawn down subject to prior approval by Sandstorm in its sole discretion. The draw will be used for general working capital purposes.

The 2025 Sandstorm note bears an interest rate of 7 per cent per annum and will mature on Sept. 22, 2028, with interest payments payable from June, 2025, to November, 2025, deferred until Dec. 31, 2025. For more information regarding the 2025 Sandstorm note and previous draws, please see the company's news releases dated March 4, May 8, May 22, July 16 and Aug. 5, 2025.

We seek Safe Harbor.