BLG Bear Lake Gold Ltd.

Bear Lake Gold Ltd. (the "Company") (TSX VENTURE:BLG) provides an update on the
drilling program at the Bear Lake zone of its Larder Lake Project located on the
prolific Cadillac-Larder Lake Break in the mining district of north-eastern
Ontario. Drilling continues with two drills on the Bear Lake zone and the
Company expects that a National Instrument 43-101 resource estimation of the
Bear Lake zone will be prepared when the drilling program is completed


The Company also announces an NI 43-101 compliant resource estimate dated March
31, 2011 The Cheminis resource estimate prepared by P&E Mining Consultants Inc.
of Brampton Ontario, an independent geological and mining consulting firm,
stands at 335,000 tonnes grading at 4.07 g/t gold in the Indicated category for
a total of 43,800 ounces of gold. In addition 1,391,000 tonnes grading at 5.22
g/t gold are estimated in the Inferred category for a total of 233,400 ounces of
gold.


Bear Lake zone drilling update

Hole 81AW2 intersected 5.83 g/t gold over 2.0m in the carbonate zone at a depth
of 1,000m from surface, confirming the presence of gold mineralization and
alteration envelope. The highlights table shows the results from the recently
drilled holes. A complete results table is available on the Company website.


Table - Highlights (1)



                                     Length       Au                        
Hole no.            From        To   (m) (2)    (g/t)    Comment        Zone
----------------------------------------------------------------------------
BLG-10-81AW2      1204.0    1206.0      2.0     5.83       Carb.   Bear Lake
----------------------------------------------------------------------------
including         1205.0    1206.0      1.0     9.48       Carb.            
----------------------------------------------------------------------------
                  1227.3    1228.9      1.0     1.39       Carb.            
----------------------------------------------------------------------------
                  1351.2    1352.4      1.2    NSA(3)       Flow            
----------------------------------------------------------------------------
BLG-10-82         1289.0    1290.0      1.0     2.66       Carb.   Bear Lake
----------------------------------------------------------------------------
BLG-10-83W5       1027.8    1028.9      1.1     2.89       Carb.   Bear Lake
----------------------------------------------------------------------------
BLG-11-85W        1179.0    1180.0      1.0     2.99       Carb.   Bear Lake
----------------------------------------------------------------------------
BLG-11-86W2        788.4     790.4      2.0     2.35        Flow   Bear Lake
----------------------------------------------------------------------------
                   795.5     799.0      3.5     1.47        Flow            
----------------------------------------------------------------------------
(1) Complete assay results are available on the Company's website. Hole 84  
was abandoned due to technical problems.                                    
(2) It is not possible to determine true widths at this time. All widths of 
intercepts reported are core length.                                        
(3) No significant assay                                                    



Two diamond drills are currently active on the Larder Lake property targeting
the upper part of the Bear Lake zone (100% owned by the Company) at depths
between 400m and 1,200m from surface. This work is being undertaken as part of a
15,000m exploration program (of which approximately13,500 m has been drilled so
far) designed to define and expand the mineralized lenses and to complete a NI
43-101 compliant mineral resource estimate for the Bear Lake zone.


The drilling continues to intersect gold mineralization within the targeted
statigraphy at the Bear Lake zone and successfully confirm the extent of the
favorable mineralized alteration zones and the presence of gold within the
altered zones. Drill results to date confirm the presence of high grade
mineralized lenses intercalated with lower grade mineralization, both in the
carbonate mineralization and the flow mineralization. Post-mineralization
faulting is also suspected to have locally displaced the mineralization. 


Additional drilling is required to define the limits of the potential higher
grade areas and investigate the possibility that additional higher grade areas
might be found along strike and at depth, where the mineralization and
alteration typically associated with the gold is still present. 


Two maps are available at this address: 
http://media3.marketwire.com/docs/bearlake_map_0413.pdf

Cheminis Resource Estimate

The Cheminis mineralized zone is located some 2 Km west of the Bear Lake zone.
While actively working on the evaluation of the Bear Lake zone, the Company
contracted P&E Mining Consultants Inc of Brampton Ontario to verify the validity
of the historic drilling data and complete an NI 43-101 compliant mineral
resource estimate on the Cheminis zone. P&E used the 791 historic surface and
underground drill holes available and conducted a re-sampling program in order
to confirm the validity of the historic data. Assays used in the resource were
capped at 7 to 20 g/t gold and grades were estimated using the inverse distance
cubed method. The resource model domains covered a 600m strike length and a 900m
down dip extension. 


Resources are reported using a 2.5 g/t gold cutoff and a minimal true thickness
of 2.0 m. 


Indicated resources are: 335,000 tonnes at 4.07 g/t gold for 43,800 ounces of
gold 1,2,3,4


Inferred resources are: 1,391,000 tonnes at 5.22 g/t gold for 233,400 ounces of
gold 1,2,3,4




1.  Mineral resources which are not mineral reserves do not have
    demonstrated economic viability. The estimate of mineral resources may
    be materially affected by environmental, permitting, legal, title,
    taxation, sociopolitical, marketing, or other relevant issues. 
    
2.  The quantity and grade of reported Inferred resources in this estimation
    are uncertain in nature and there has been insufficient exploration to
    define these Inferred resources as an indicated or Measured mineral
    resource and it is uncertain if further exploration will result in
    upgrading them to an Indicated or Measured mineral resource category. 
    
3.  The gold price used in this estimate was the March 31, 2011 two year
    trailing average of US$1,158/oz. Process recovery was 95%. Mining costs
    were $75/ tonne and Processing and G&A costs were $20/tonne. Exchange
    rate used was $0.95USD = $1.00 CDN. 
    
4.  The mineral resources in this press release were estimated using the
    Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM
    Standards on Mineral Resources and Reserves, Definitions and Guidelines
    prepared by the CIM Standing Committee on Reserve Definitions and
    adopted by CIM Council. 



The actual resources are only estimated below the old workings and potential
resources remain available within and on the extensions of the old mined areas.
The resources are estimated down to a vertical depth of approximately 1,000m and
remain open on strike and at depth. Additional drilling will be required to
infill and expand the Inferred resources. 

P&E Mining Consultants is completing an NI 43-101 compliant technical report to
be filed on SEDAR within 45 days. 


Swansea Update

The drilling in the Swansea area, undertaken under an option agreement with
Odyssey Resources Limited, was completed by mid-December and the three drills
have been demobilized. A total of 19 holes with a projected total of 9,343m were
completed for the program. Results failed to identify significant mineralization
and consequently Odyssey decided not to exercise their option. The presence of
gold and the alteration system identified with the drilling are typical of the
area and additional investigation may be warranted in the future. The Company
owns a 75% interest in Swansea and Newstrike Resources Ltd owns a 25% interest.


QA/QC

The Company has implemented a rigorous QA/QC program independently set up and
supervised by P&E Mining Consultants Inc. of Brampton, Ontario. The program
includes chain of custody of samples, drill core sawn in half and shipped in
sealed bags to Laboratoire Expert, a certified assay laboratory located in Rouyn
Noranda, Quebec. Blank samples, blind duplicates and certified standards are
also inserted in the sample stream. Samples with gold values higher than 10g
Au/t are systematically re-analysed, and samples containing visible gold are
also analysed systematically with the metallic screen analysis. 


Qualified Persons

The Cheminis resource estimate was undertaken by Independent Qualified Persons
Antoine Yassa, P.Geo. , Eugene Puritch, P.Eng. and Tracy Armstrong, P.Geo, of
P&E Mining Consultants Inc. Mr. Puritch, President of P&E has reviewed and
approved the contents of this press release insofar as the Cheminis mineral
resource estimate is concerned. 


The technical information contained in this press release was prepared and
approved by Francois Viens, President and CEO of the Company. Mr. Viens is a
'qualified person' within the meaning of that term under NI 43-101. 


Forward-Looking Information 

This news release contains certain "forward-looking information" under Canadian
securities laws. All statements that address future plans, activities, events or
developments that the Company believes, expects or anticipates will or may occur
are forward-looking information. Specifically, this news release contains
forward looking information about the Cheminis resources and its potential
expansion, the Company's plans for the work program to be carried out at Larder
Lake, results and timing of exploration programs and plans to complete a
resource estimate. Forward looking information is based upon assumptions by
management that are subject to known and unknown risks and uncertainties beyond
the Company's control, including risks related to mining exploration and the
availability of financing for companies such as the Company. There can be no
assurance that outcomes anticipated in the forward looking information will
occur, and actual results may differ materially for a variety of reasons.
Accordingly, readers should not place undue reliance on forward-looking
information. The Company undertakes no obligation to update publicly or
otherwise revise any forward-looking information, except as may be required by
law.


About Bear Lake Gold

Bear Lake Gold Ltd. is engaged in the exploration of gold and precious mineral
properties in North America. Additional information about the Company is
available on the Company's website, www.bearlakegold.com and on SEDAR at
www.sedar.com.

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