GoldMinerPulse.com -- Bear Creek Mining Corporation: (NI) 43-101 Metal Valuation Report

Bear Creek Mining Corporation (BCM)

Company Web Site: www.bearcreekmining.com
(NI) 43-101 reports from projects located in: Peru (PE)
This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2009-05-26. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2010-03-09.
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GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2010-03-09
Project/Deposit CC MVpSh PP% MI% I% Silver Lead Zinc
    Corani PE $210.28 0 91% 9% 361.41 M oz     1.99 M t     1.24 M t
    Santa Ana PE $66.61 0 71% 29% 139.18 M oz     312.20 K t     513.33 K t

GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Mar-09
Metric / Metal Silver Lead Zinc
    Metal Totals 500.59 M oz     2.30 M t     1.75 M t
    Metal Prices in US$ (from 2010-03-09) $17.27 per oz     $1.00590 per lb     $1.05740 per lb
    Metal Value per Share (MVpSh)
(Shown in US$ and based on fully diluted share count shown below) $134.14     $79.30     $63.44
    Percentage of Total Metal Value 48.45%     28.64%     22.91%
    PP% | MI% | I% 0 | 85% | 15%     0 | 88% | 12%     0 | 85% | 15%

GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Mar-09
    Metal Value per Share (MVpSh)    US$276.89
    Average Ore Value per Tonne    US$47.73
    Metal Value Leverage (MVL)    70.33
    Market Capitalization as % of Metal Value    1.4%
    Recent Stock Price    C$4.04   (TSX/TSXV close on 2010-03-09.)
Conversion rate used: 1 Cnd$ = 0.974456 US$ )
    Fully Diluted Share Count    64.45 M    ( Fully diluted share count taken from Bear Creek Mining Corporation, Share Structure web page (viewed August 2009). )
    PP% | MI% | I%    0 | 86% | 14%
Silver Metrics-- all Projects/Deposits
    Average Silver Ore Grade    41.6 g/t
    Market Capitalization
    per oz of Silver In Ground    $0.51   US$  |   0.52   C$
    Silver Eq Oz Estimate    1.03 B oz   ( 500.59 M oz are in ground)
    Market Capitalization
    per oz of Silver Equilavent    $0.25   US$  |   0.25   C$

See terms for more about GoldMinerPulse metrics.
GoldMinerPulse Coverage Status:
GoldMinerPulse coverage of Bear Creek Mining Corporation is complete pending a final internal review.

Project/Deposit	CC	MVpSh	PP%	MI%	I%	Silver	Lead	Zinc
Corani	PE	$210.28	0	91%	9%	361.41 M oz	1.99 M t	1.24 M t
Santa Ana	PE	$66.61	0	71%	29%	139.18 M oz	312.20 K t	513.33 K t

GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Mar-09
Metric / Metal	Silver	Lead	Zinc
Metal Totals	500.59 M oz	2.30 M t	1.75 M t
Metal Prices in US$ (from 2010-03-09)	$17.27 per oz	$1.00590 per lb	$1.05740 per lb
Metal Value per Share (MVpSh) (Shown in US$ and based on fully diluted share count shown below)	$134.14	$79.30	$63.44
Percentage of Total Metal Value	48.45%	28.64%	22.91%
PP% \| MI% \| I%	0 \| 85% \| 15%	0 \| 88% \| 12%	0 \| 85% \| 15%

GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Mar-09
Metal Value per Share (MVpSh)	US$276.89
Average Ore Value per Tonne	US$47.73
Metal Value Leverage (MVL)	70.33
Market Capitalization as % of Metal Value	1.4%
Recent Stock Price	C$4.04 (TSX/TSXV close on 2010-03-09.) Conversion rate used: 1 Cnd$ = 0.974456 US$ )
Fully Diluted Share Count	64.45 M ( Fully diluted share count taken from Bear Creek Mining Corporation, Share Structure web page (viewed August 2009). )
PP% \| MI% \| I%	0 \| 86% \| 14%
Silver Metrics-- all Projects/Deposits
Average Silver Ore Grade	41.6 g/t
Market Capitalization per oz of Silver In Ground	$0.51 US$ \| 0.52 C$
Silver Eq Oz Estimate	1.03 B oz ( 500.59 M oz are in ground)
Market Capitalization per oz of Silver Equilavent	$0.25 US$ \| 0.25 C$

See terms for more about GoldMinerPulse metrics.

Corani - ^top^

(NI) 43-101 Report:

Title: TECHNICAL REPORT CORANI RESOURCE ESTIMATE AND PEA
Date: 2008-05-12 (119 pages)

Project Location: Southeastern Peru, Peru

Map View: View the Bear Creek Mining Corani project on a Google Map.

Most Optimistic Resource Estimates (MORE):

•Measured + Indicated

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Silver $87.54    326.66 M oz     40.900 g/t     248.42 M t
   Lead $62.40    1.81 M t       7,300.000 g/t     248.42 M t
   Zinc $40.44    1.12 M t       4,500.000 g/t     248.42 M t
Estimate notes: See Table 1-1 Bear Creek Mining, Corani Project Mineral Resource Based on $9.35/tonne NSR Cutoff Grade Contained Within an Approximate Open Pit 16 November 2007 on p. 5 of 119 in the NI 43-101 dated May 2005.
$9.35/tonne NSR cutoff.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$87.54	326.66 M oz	40.900 g/t	248.42 M t
Lead	$62.40	1.81 M t	7,300.000 g/t	248.42 M t
Zinc	$40.44	1.12 M t	4,500.000 g/t	248.42 M t
Estimate notes: See Table 1-1 Bear Creek Mining, Corani Project Mineral Resource Based on $9.35/tonne NSR Cutoff Grade Contained Within an Approximate Open Pit 16 November 2007 on p. 5 of 119 in the NI 43-101 dated May 2005. $9.35/tonne NSR cutoff.

•Inferred

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Silver $9.31    34.75 M oz     32.600 g/t     33.15 M t
   Lead $6.16    179.02 K t       5,400.000 g/t     33.15 M t
   Zinc $4.44    122.66 K t       3,700.000 g/t     33.15 M t
Estimate notes: See Measured + Indicated notes.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$9.31	34.75 M oz	32.600 g/t	33.15 M t
Lead	$6.16	179.02 K t	5,400.000 g/t	33.15 M t
Zinc	$4.44	122.66 K t	3,700.000 g/t	33.15 M t
Estimate notes: See Measured + Indicated notes.

Santa Ana - ^top^

(NI) 43-101 Report:

Title: TECHNICAL REPORT SANTA ANA RESOURCE UPDATE and PRELIMINARY ECONOMIC ASSESSMENT
Date: 2009-05-26 (99 pages)

Project Location: Southern Peru, Peru

Map View: View project on a Google Map.

Most Optimistic Resource Estimates (MORE):

•Measured + Indicated

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Silver $26.20    97.77 M oz     45.500 g/t     66.84 M t
   Lead $7.59    220.56 K t       3,300.000 g/t     66.84 M t
   Zinc $13.78    380.97 K t       5,700.000 g/t     66.84 M t
Estimate notes: See Table 17-4 Bear Creek Mining Corporation Santa Ana Project 1 April 2009 Resource at $13.00/oz Silver on p. 60 of 99 in the NI 43-101 report dated May 2009.
cutoff 20 g/t silver

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$26.20	97.77 M oz	45.500 g/t	66.84 M t
Lead	$7.59	220.56 K t	3,300.000 g/t	66.84 M t
Zinc	$13.78	380.97 K t	5,700.000 g/t	66.84 M t
Estimate notes: See Table 17-4 Bear Creek Mining Corporation Santa Ana Project 1 April 2009 Resource at $13.00/oz Silver on p. 60 of 99 in the NI 43-101 report dated May 2009. cutoff 20 g/t silver

•Inferred

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Silver $11.10    41.41 M oz     50.600 g/t     25.45 M t
   Lead $3.15    91.63 K t       3,600.000 g/t     25.45 M t
   Zinc $4.79    132.36 K t       5,200.000 g/t     25.45 M t
Estimate notes: See Measured + Indicated notes.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$11.10	41.41 M oz	50.600 g/t	25.45 M t
Lead	$3.15	91.63 K t	3,600.000 g/t	25.45 M t
Zinc	$4.79	132.36 K t	5,200.000 g/t	25.45 M t
Estimate notes: See Measured + Indicated notes.


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