Big Bear Mining Provides Corporate Update

TEMPE, Ariz., April 28 /PRNewswire-FirstCall/ -- Big Bear Mining Corp. (OTC Bulletin Board: BGBR) is pleased to announce that it has drawn down another $200,000 from the share financing agreement announced April 1, 2010. The Company has drawn down $400,000 to date.

Under the terms of the agreement, Big Bear has the right to call upon funds for up to $1,400,000 as needed by issuing shares of its common stock at $0.70 per share. The securities to be issued under the agreement have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent a registration or an applicable exemption from the registration requirements.

"This next draw will help us launch our first work programs on the recent mineral claim acquisitions that Big Bear has made," stated Steve Rix, President of Big Bear.

Corporate Status for Big Bear

On January 20, 2010 Big Bear issued 250,000 common shares (post split) in a private placement at a purchase price of $0.20 raising gross proceeds of $50,000.

On April 1, 2010 the Company issued 285,714 common shares pursuant to a share financing agreement at a price of $0.70 raising gross proceeds of $200,000.

On April 27, 2010 the Company requested and received confirmation of an additional advance of $200,000 pursuant to the share financing agreement in exchange for the issuance of 285,714 common shares bringing the total issued and outstanding shares of the Company to 73,021,428 as of April 28, 2010.

Big Bear is also pleased to announce the opening of new corporate offices in Hayden Ferry Crossing located in Tempe, Arizona. "With our growth and the increasing demand of both shareholders and the general public to have more access to us, we deemed it necessary to expand and add support staff members to help assist in the ongoing work of Big Bear Mining," Rix stated.

Hayden Ferry Crossing is located adjacent to Arizona State University and is centrally located just 2 miles from Phoenix Sky Harbor International Airport and minutes from downtown, the central business district and Scottsdale. The facility is equipped with a state of the art conference room for on site investor meetings and video-conferencing capabilities.

bigbearmining.com

Big Bear Mining Corp. is a US based exploration and development company, focusing on the acquisition and development of Gold and other precious commodity projects which demonstrate high probability for near term production. Big Bear is a fully reporting company quoted on the OTCBB under the symbol BGBR.

"Safe Harbor" Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995.

Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Big Bear (the "Company"), as well as those contained herein, that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward looking statements.

SOURCE Big Bear Mining Corp.