Silver Bear Resources Inc. ("Silver Bear" or the "Company") (TSX:SBR) announces
that it has filed a technical report prepared in accordance with National
Instrument 43-101 entitled "Preliminary Economic Assessment on the Manganziesky
Silver Project Russia" in support of its February 27, 2014 news release, which
outlined the positive economic results of the Mangazeisky Silver Project in
Yakutia, Russia. 


Key Highlights of the PEA are as follows and include:



--  Internal Rate of Return (IRR) = 63% at $20/oz long term silver forecast
    price 
--  Initial Project Capital US $39 Million 
--  Sustaining Project Capital of US$51 million 
--  Net present Value (NPV) at 5% discount of US $129.9 Million 
--  In first 5 years of operation 
    --  Average Silver Grade processed = 911 g/tonne Silver 
    --  Recovered Silver Cash Cost for first five years(1) = $5.55/oz Silver
        (excludes by product credits) 
    --  Approximate mining processing rate rate per day = 300 tonnes per day
        (tpd) 
    --  Average Payable Silver per year = 2.6 Million oz/yr
--  19 year mine life 
    --   Open pit mining method for first 10 years 
    --  Underground operation extends mine life to 19 years
--  All mineralised material is sourced from Silver Bear's Vertikalny
    deposit alone 
--  Silver Bear expects construction of the facility to take approximately
    18 to 24 months following the completion of a feasibility study and the
    receipt of required permits. 



The Technical Report is available under the Company's profile on SEDAR at
www.sedar.com.


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 95,137,800
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.


QUALIFIED PERSON

The PEA was prepared by Jacques du Toit, Pr.Eng., MSc.Eng., PMP, Robert Davies,
B.Sc. (Hons), CGeol., EurGeol., PMP Eur.Ing. Andrew Carter, C.Eng., MIMMM,
MSAIMM, SME, Anton Von Wielligh, B.Eng. (Hons), Pr.Eng. ECSA, SAIMM, Michael
McLaughlin, P.Eng and Laszlo Bodi, P.Eng. from Tetra Tech, all of whom are
independent qualified persons as defined in National Instrument 43-101. Mark
Trevisiol P.Eng, President and CEO of Silver Bear is a qualified person under
National Instrument 43-101 and has reviewed and approved the scientific and
technical information in this press release.


Cautionary Notes 

The PEA is preliminary in nature and is based on a number of assumptions that
may be changed in the future as additional information becomes available.
Mineral resources that are not mineral reserves do not have demonstrated
economic viability. The PEA includes inferred mineral resources that are
considered too speculative geologically to have the economic considerations
applied to them that would enable them to be categorized as mineral reserves,
and there is no certainty that the PEA will be realized.


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. Without limitation to the foregoing, the following are forward
looking statements: the PEA, including without limitation projected initial
capital, sustaining costs, IRR, NPV, average grade processed, mining rate,
expected mine life, expected construction period, mineral resources and pay back
period. 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 uncertainties inherent to preliminary economic assessments, which
are based on many assumptions that might not be realized, risks with respect to
operating in Russia, downward fluctuations in silver prices, regulatory risks,
including with respect to obtaining all required permits, corruption and other
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. 


Cash costs per ounce of silver are non-GAAP measures. Cash costs per ounce of
silver presented do not have a standardized meaning prescribed under IFRS and
may not be comparable to similar measures presented by other companies. This
measure is presented to serve as a key indicator of a company's potential
ability to generate revenue and cash flow from its mining operations. This
measure should not be considered in isolation as a substitute for measures of
performance prepared in accordance with IFRS and is not necessarily indicative
of operating costs that would presented under IFRS. 


For further details, please visit www.silverbearresources.com



                                                                            
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(1)  Cash cost per ounce of silver constitutes a non-GAAP measure. See      
     Cautionary Notes.                                                      



FOR FURTHER INFORMATION PLEASE CONTACT: 
Mark Trevisiol, President and Chief Executive Officer
Silver Bear Resources Inc.
65 Queen Street West, Suite 825, P.O. Box 71
Toronto ON, M5H 2M5
+1-416-861-5893
mtrevisiol@silverbearresources.com


Robin Birchall, Executive Chairman
Silver Bear Resources Inc.
1 Adam Street
London, WC2N 6LE
UK+44 771 131 3019
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