SBR Silver Bear Resources Inc New

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

Silver Bear Resources Inc. ("Silver Bear" or the "Company") (TSX:SBR) announces
that it intends to complete a private placement financing of up to 64,705,882
common shares ("Common Shares") at a price of $0.17 per Common Share for gross
proceeds in the amount of up approximately CAD$11,000,000 (the "Offering"). 


The Company intends to use the gross proceeds of the Offering to finance the
further development of the Mangazeisky project towards production and for
general working capital purposes.


Pursuant to the TSX Company Manual, it is anticipated that the company will
require shareholder approval in relation to the Offering, in the event that:




1.  The Company receives subscriptions from insiders for more than 10% of
    the non-diluted number of shares outstanding prior to closing the first
    private placement to insiders during the last 6 months; or 
2.  Any one investor should acquire more than 20% of the number of common
    shares of the Company on the date of closing. It is expected that
    Inflection Management Corporation, an entity owned by Mr. Sergey
    Anatolievich Kolesnikov ("Inflection") will become a control person of
    the Company following the Offering (i.e. have greater than 20% of the
    number of common shares).



Accordingly, it is contemplated that the Offering will be required to close in
two tranches: (i) with a first tranche of up to 23,700,000 being issued at
closing to Inflection pursuant to which Inflection will hold 19.9% of Silver
Bear's issued and outstanding Common Shares on closing; and (ii) a second
tranche of Common Shares for up to 41,005,882 Common Shares, including up to an
additional 17,476,471 Common Shares being subscribed to by Inflection, to close
upon the necessary regulatory and security holder approvals being obtained. 


The Common Shares will be subject to statutory resale restrictions for a period
of four months and one day following closing of the Offering. Closing of the
first tranche of the Offering is expected to occur on or about April 15, 2014
with the second tranche of the Offering expected to occur before June 30, 2014,
subject to receipt of regulatory approval, including approval of the TSX and
shareholder approval, as applicable with respect to any portion in excess of 10%
of the current issued and outstanding shares of the Company on a non-diluted
basis being subscribed for by current insiders of Silver Bear and with respect
to Inflection becoming a control person of the Company.


Sberbank Private Banking (Moscow) has been retained to act as a consultant with
respect to this private placement. The Company intends to pay finder's fees to
certain arm's length finders in an aggregate amount of up to 6.5% of gross
proceeds raised in connection with the Offering.


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 95,756,550
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.


Mark Trevisiol, P.Eng, President and CEO of Silver Bear and a qualified person
under National Instrument 43-101 and has reviewed and approved the content of
this press release.


Cautionary Notes 

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. 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 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. 


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "1933 Act"), or any state securities laws and may not be offered
or sold within the United States or to, or for the account or benefit of U.S.
persons (as defined in Regulation S under the 1933 Act) absent such registration
or an applicable exemption from such registration requirements.


For further details, please visit www.silverbearresources.com.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Silver Bear Resources Inc.
Mark Trevisiol
President and Chief Executive Officer
+1-416-861-5893
info@silverbearresources.com


Silver Bear Resources Inc.
Robin Birchall
Executive Chairman
UK+44 771 131 3019
www.silverbearresources.com

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