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-Silver Bear Provides Mangazeisky Silver Project and Management Update

Toronto, Ontario - Silver Bear Resources Inc. provides an update on the Mangazeisky Silver Project and announces certain agreements in principle with its major shareholders, A.B. Aterra Resources Ltd. and Inflection Management Corporation Limited.

Silver Bear, Aterra and Inflection have principally agreed a revised funding package and development schedule to increase the Company's financial flexibility and enable it to reach commissioning in mid-2017. The Company will announce a proposed d

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