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

Bear Creek Mining Corporation (BCM)

Company Web Site: www.bearcreekmining.com
This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2010-07-12. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2010-09-02.
External Links: Yahoo News and Quotes  |  Yahoo Message Board  |  StockCharts  |  Stockhouse
GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2010-09-02
Project/Deposit CC MVpSh PP% MI% I% Silver Lead Zinc
    Corani PE $187.92 0 91% 9% 361.41 M oz     1.99 M t     1.24 M t
    Santa Ana PE $72.74 0 83% 17% 164.02 M oz     384.70 K t     645.38 K t

GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Sept-02
Metric / Metal Silver Lead Zinc
    Metal Totals 525.43 M oz     2.38 M t     1.89 M t
    Metal Prices in US$ (from 2010-09-02) $19.69 per oz     $0.96240 per lb     $0.94810 per lb
    Metal Value per Share (MVpSh)
(Shown in US$ and based on fully diluted share count shown below) $139.50     $68.01     $53.15
    Percentage of Total Metal Value 53.52%     26.09%     20.39%
    PP% | MI% | I% 0 | 88% | 12%     0 | 90% | 10%     0 | 88% | 12%

GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Sept-02
    Metal Value per Share (MVpSh)    US$260.67
    Average Ore Value per Tonne    US$47.74
    Metal Value Leverage (MVL)    49.75
    Market Capitalization as % of Metal Value    2.0%
    Recent Stock Price    C$5.52   (TSX/TSXV close on 2010-09-02.)
Conversion rate used: 1 Cnd$ = 0.949244 US$ )
    Fully Diluted Share Count    74.16 M    ( Fully diluted share count taken from Bear Creek Mining Corporation, CONSOLIDATED FINANCIAL STATEMENTS filiing March 31, 2010. )
    PP% | MI% | I%    0 | 88% | 12%
Silver Metrics-- all Projects/Deposits
    Average Silver Ore Grade    40.4 g/t
    Market Capitalization
    per oz of Silver In Ground    $0.74   US$  |   0.78   C$
    Silver Eq Oz Estimate    981.79 M oz   ( 525.43 M oz are in ground)
    Market Capitalization
    per oz of Silver Equilavent    $0.40   US$  |   0.42   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	$187.92	0	91%	9%	361.41 M oz	1.99 M t	1.24 M t
Santa Ana	PE	$72.74	0	83%	17%	164.02 M oz	384.70 K t	645.38 K t

GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Sept-02
Metric / Metal	Silver	Lead	Zinc
Metal Totals	525.43 M oz	2.38 M t	1.89 M t
Metal Prices in US$ (from 2010-09-02)	$19.69 per oz	$0.96240 per lb	$0.94810 per lb
Metal Value per Share (MVpSh) (Shown in US$ and based on fully diluted share count shown below)	$139.50	$68.01	$53.15
Percentage of Total Metal Value	53.52%	26.09%	20.39%
PP% \| MI% \| I%	0 \| 88% \| 12%	0 \| 90% \| 10%	0 \| 88% \| 12%

GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Sept-02
Metal Value per Share (MVpSh)	US$260.67
Average Ore Value per Tonne	US$47.74
Metal Value Leverage (MVL)	49.75
Market Capitalization as % of Metal Value	2.0%
Recent Stock Price	C$5.52 (TSX/TSXV close on 2010-09-02.) Conversion rate used: 1 Cnd$ = 0.949244 US$ )
Fully Diluted Share Count	74.16 M ( Fully diluted share count taken from Bear Creek Mining Corporation, CONSOLIDATED FINANCIAL STATEMENTS filiing March 31, 2010. )
PP% \| MI% \| I%	0 \| 88% \| 12%
Silver Metrics-- all Projects/Deposits
Average Silver Ore Grade	40.4 g/t
Market Capitalization per oz of Silver In Ground	$0.74 US$ \| 0.78 C$
Silver Eq Oz Estimate	981.79 M oz ( 525.43 M oz are in ground)
Market Capitalization per oz of Silver Equilavent	$0.40 US$ \| 0.42 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 $86.73    326.66 M oz     40.900 g/t     248.42 M t
   Lead $51.88    1.81 M t       7,300.000 g/t     248.42 M t
   Zinc $31.51    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	$86.73	326.66 M oz	40.900 g/t	248.42 M t
Lead	$51.88	1.81 M t	7,300.000 g/t	248.42 M t
Zinc	$31.51	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 $9.23    34.75 M oz     32.600 g/t     33.15 M t
   Lead $5.12    179.02 K t       5,400.000 g/t     33.15 M t
   Zinc $3.46    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	$9.23	34.75 M oz	32.600 g/t	33.15 M t
Lead	$5.12	179.02 K t	5,400.000 g/t	33.15 M t
Zinc	$3.46	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)

Updates: Bear Creek Announces Updated Santa Ana Leachable Silver Resource; M&I Increased 39%, Jul 12, 2010.

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 $36.06    135.83 M oz     41.500 g/t     101.80 M t
   Lead $9.03    315.58 K t       3,100.000 g/t     101.80 M t
   Zinc $15.21    539.54 K t       5,300.000 g/t     101.80 M t
Estimate notes: Bear Creek Announces Updated Santa Ana Leachable Silver Resource; M&I Increased 39%, Jul 12, 2010.
cutoff 20 g/t silver

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$36.06	135.83 M oz	41.500 g/t	101.80 M t
Lead	$9.03	315.58 K t	3,100.000 g/t	101.80 M t
Zinc	$15.21	539.54 K t	5,300.000 g/t	101.80 M t
Estimate notes: Bear Creek Announces Updated Santa Ana Leachable Silver Resource; M&I Increased 39%, Jul 12, 2010. cutoff 20 g/t silver

•Inferred

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Silver $7.49    28.19 M oz     40.600 g/t     21.60 M t
   Lead $1.98    69.12 K t       3,200.000 g/t     21.60 M t
   Zinc $2.98    105.84 K t       4,900.000 g/t     21.60 M t
Estimate notes: See Measured + Indicated notes.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$7.49	28.19 M oz	40.600 g/t	21.60 M t
Lead	$1.98	69.12 K t	3,200.000 g/t	21.60 M t
Zinc	$2.98	105.84 K t	4,900.000 g/t	21.60 M t
Estimate notes: See Measured + Indicated notes.