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  | | April 13, 2010
Bear Lake Gold -- Update on Settlement of Class Action Lawsuit
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| | Longueuil, Quebec: April 13, 2010. Further to its April 5, 2010 news release announcing that it has reached an agreement in principle to settle the class action commenced in Ontario against the Company, its directors and certain of its current and former officers (the "Class Action"), Bear Lake Gold Ltd. (the "Company") (TSX.V: BLG) today announced that an agreement in principle has also been reached with Mr. Bernard Boily, the Company's former Vice President Exploration.
The agreement in principle remains subject to final settlement documentation and court approval. The proposed settlement does not and will not constitute any admission of liability by the Company or its officers, directors or employees.
Forward-looking Statements
This news release contains certain "forward-looking statements". All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future, are forward-looking statements. These forward-looking statements reflect the current internal projections, expectations or beliefs of management of the Company based on information currently available to them. Forward-looking statements are subject to a number of known and unknown risks and uncertainties beyond the Company's control. There can be no assurance that such statements will prove to be accurate. In particular, there can be no assurance that the settlement described herein will be completed upon the terms described or at all, or that other actions will not be commenced against the Company in respect of the same subject matter. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
For further information, please contact:
Francois Viens, President and CEO
Tel: 450-677-2172
Fax: 450-677-2601
Website: www.bearlakegold.com
Carole Plante, Corporate Secretary
Tel: 450-677-2065 |
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| | You can view the Next News Releases item: Fri May 28, 2010, Bear Lake Gold Ltd. announces private placement of units and flow-through shares to raise up to $4,150,000
You can view the Previous News Releases item: Mon Apr 5, 2010, Bear Lake Gold Announces Conditional Settlement of Class Action Lawsuit
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