Big Bear Gold Corp. Acquires 100% Interest in Peerless Property

Vancouver, BC, Canada, Oct. 01, 2026 /CourierPR/ -- Big Bear Gold Corp. has entered into an agreement to acquire a 100% interest in the Peerless Property, a gold exploration project located in the Bridge River Mining Camp, British Columbia. The acquisition comes through an assignment and assumption of property option agreement dated September 25, 2026, with Bathurst Metals Corp. (BMV) and Stanley R McClay as bare trustee for BCT Holdings Corp.

The Peerless Property covers 5,500.43 hectares and consists of 12 mineral claims. It is situated in a geologically favorable area, with thrust faults and secondary faults crossing anomalous zones, a classic setting for orogenic gold mineralization. The project can be viewed as an intermediate orogenic gold system bridging the Bralorne and Reliance styles in Canada’s highest-grade historic gold district. Five distinct gold zones have already been identified: beta, delta, gamma, alpha, and epsilon. The project is drill-ready and has an active drill permit, with year-round access facilitated by an extensive network of forestry roads.

Historical RC drilling from Manhatten Minerals in 1987 revealed significant gold zones, including 4.52 metres of 28.93 grams gold and 1.52 metres of 35.12 grams gold from the beta zone. The acquisition is subject to a 2.5% net smelter returns royalty in favor of the Owner, which is subject to a buy-back right entitling the optionee to purchase a 1.0% NSR Royalty for $1,000,000 within six months of commercial production.

Under the terms of the agreement, Big Bear Gold Corp. will issue 3,555,000 common shares to BMV in exchange for the 100% optioned interest. Additionally, both parties will share the cost of preparing an independent NI 43-101 compliant technical report on the Peerless Property. BMV has also agreed to pay the Owner $25,000, which will be applied against and reduce the outstanding cash payment otherwise due to the Owner under the Option Agreement.

The closing of the transactions is subject to Big Bear Gold Corp.’s satisfactory due diligence on the Peerless Property within 90 days. The agreement, including the transactions contemplated thereunder, is also subject to TSX Venture Exchange approval. The Company is focused on acquiring and developing mineral properties with strong potential to host significant resources in Western Canada.

The acquisition of the Peerless Property marks a significant step for Big Bear Gold Corp. in its ongoing exploration efforts in the region. The project’s geological setting and historical drilling results provide a compelling opportunity for the company to advance its exploration activities and potentially discover new gold deposits.