BRL Bearclaw Capital Corp

Bearclaw Capital Corp. (TSX VENTURE:BRL)(FRANKFURT:5BQ) announces that it has
granted options to its two recently-appointed directors pursuant to its rolling
10% stock option plan. Options to acquire 200,000 common shares were granted to
each of Scott Ross and Jeff Durno. Both options are for a five-year term which
expires on March 23, 2015. For each grant, 30% vests immediately, 30% vests on
the first anniversary of the grant and the remaining 40% vests on the second
anniversary of the grant. The exercise price is $0.10 per common share.

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