Silver Bear Announces AGM Results

TORONTO, ONTARIO--(Marketwired - July 30, 2014) - Silver Bear Resources Inc. ("Silver Bear" or the "Company") (TSX:SBR) is pleased to announce that shareholders voted in favour of all items of business brought before them at the Company's Annual and Special General Meeting of Shareholders (the "AGM") held in Toronto, Ontario on July 10, 2014. In accordance with the policies of the Toronto Stock Exchange, all of the nominees listed in the management proxy circular dated June 12, 2014 for the AGM were elected as directors of the Company.

Robin Birchall, Executive Chairman of the Company said, "I would like to thank the whole Silver Bear team in Toronto and Yakutia, for their hard work this year. While it has been a difficult year, we have achieved a major milestone by obtaining shareholder approval to complete the second tranche of our private placement financing and are excited to welcome Alexey Sotskov to the Board of Directors of the Company. The Company hopes to be able to provide an operational update in the near future upon completion of the second tranche of the financing."

Detailed results of the vote for the election of directors held at the AGM are set out below.

	Votes For	% Votes For		Votes Withheld	% Votes Withheld
Robin Birchall	67,346,546	99.93	%	50,000	0.07	%
Mark Trevisiol	67,346,546	99.93	%	50,000	0.07	%
J. Trevor Eyton	67,346,546	99.93	%	50,000	0.07	%
Anastasia Gracheva	67,346,546	99.93	%	50,000	0.07	%
Paul Dominic Gualtieri	67,346,546	99.93	%	50,000	0.07	%
Alexey Sotskov	67,346,546	99.93	%	50,000	0.07	%
Chris Westdal	67,346,546	99.93	%	50,000	0.07	%

Shareholders approved the appointment of PricewaterhouseCoopers LLP, Licensed Public Accountants as the auditors of the Company for the 2014 fiscal year and authorized the Board of Directors to fix their remuneration and re-approved and confirmed the Company's Stock Option Plan and approved all unallocated options under the Stock Option Plan.