{"success":true,"data":{"pressRelease":{"id":"157896","rtpr_id":"nGNX4nWGtX-20261001","ticker":"BEAR","exchange":"","all_tickers":["BEAR"],"title":"Big Bear Gold Corp. Signs Assignment and Assumption of Property Option Agreement to Acquire 100% Optioned Interest in Peerless Property","author":"Globe Newswire","published_at":"2026-10-01T11:15:00.097Z","article_body":"Vancouver, BC, Canada, Oct. 01, 2026 (GLOBE NEWSWIRE) -- Big Bear Gold\nCorp. (TSXV: BEAR) (the “Company” or “BEAR”) is pleased to announce\nthat it has entered into an assignment and assumption of property option\nagreement (the “Assignment Agreement”) dated September 25, 2026, with\nBathurst Metals Corp. (TSXV: BMV) (“BMV”) and Stanley R McClay as bare\ntrustee for BCT Holdings Corp. (the “Owner”), pursuant to which the\nCompany will acquire BMV’s 100% optioned interest in the Peerless Property\nlocated in the Bridge River Mining Camp, British Columbia.\n\nThe Peerless Property encompasses 12 mineral claims covering 5,500.43\nhectares. It has the same geological setting as surrounding mines and deposits\nwhere thrust faults and secondary faults cross anomalous zones, a classic\nsetting for orogenic gold mineralization. It can be viewed as an intermediate\norogenic gold system bridging the Bralorne and Reliance styles in Canada’s\nhighest-grade historic gold district. It’s a compelling and underexplored\nproject with five distinct gold zones already identified: beta, delta, gamma,\nalpha and epsilon. The project is drill ready with an active drill permit. \nThe project has year-round access with an extensive network of forestry roads\ncrossing the property. Historical RC drilling from Manhatten Minerals in 1987\ninclude 4.52 metres of 28.93 grams gold and 1.52 metres of 35.12 grams gold\nfrom the beta zone.\n\n(https://www.globenewswire.com/Tracker?data=rOyXps-2vWW-2gMbUhjtv1iQu-FyFjzx0wO55zyThzv0aE1wWUFyRgt6VcyuhT_WGOx4mOn65TOyOFSI-YtNR4y2FFErUXYOTVstNkZDm18rcKTc6LrID5Vzhnbbe2wFM2ogXuOXT3v5rBd5FqY1hQ==)\nPlease click to view image\n(https://www.globenewswire.com/Tracker?data=z01kcA4zgoMRSwr87kBu9ccIfumZolj7BHMgcIz1cL10QVjkKQnbYbLYD1C-Yo5IWVOkEfsQktubQVTTUQ1RXL3PxIC5PzvO9rabWn1Lhm9UqXclbLvvOllGMt3Vm1VMpSkXeqIC6o64guO9hGkbIlpZzOoNsQIh36UIwxJ-3N8OgV7lKzgED3Op1Uechzcr)\n\nTerms of the Assignment Agreement\n\nPursuant to the terms of the Assignment Agreement, BMV will sell and assign to\nthe Company, and BEAR will acquire and assume, all of BMV‘s rights and\ninterest in and obligations under a property option agreement between BMV and\nthe Owner dated January 30, 2023, as amended October 10, 2025, and February\n18, 2026 (the “Option Agreement”), in consideration for which BEAR will\nissue to BMV 3,555,000 common shares of the Company.  In addition, the\nparties have agreed that each will pay 50% of the cost of preparing an\nindependent NI 43-101 compliant technical report on the Peerless Property. \nBMV has also agreed to pay the Owner $25,000, which sum will be applied\nagainst and reduce the outstanding cash payment otherwise due to the Owner\nunder the Option Agreement.  BMV and the Owner are arm’s length to BEAR.\n\nAfter BMV’s payment to the Owner described above, the outstanding cash\npayments, expenditure commitments and share issuances due under the Property\nOption Agreement, in order to acquire a 100% interest in the Peerless\nProperty, will be as follows:\n\n                     Cash Payments  Expenditures   BEAR Common Shares  \n June 30, 2027:      $25,000.00     --             2,000,000           \n January 31, 2028:   $50,000.00     --             --                  \n September 30, 2028  $75,000.00     $1,000,000.00  3,500,000           \n January 31, 2029    $100,000.00    --             --                  \n September 30, 2029  $100,000.00    $1,000,000.00  --                  \n TOTAL:              $350,000.00    $2,000,000.00  5,500,000           \n\nPursuant to the Option Agreement, the acquisition of the Peerless Property is\nsubject to a 2.5% net smelter returns royalty (“NSR Royalty”) in favour of\nthe Owner, which in turn is subject to a buy-back right entitling the optionee\nthereunder to purchase a 1.0% NSR Royalty for $1,000,000 within 6 months of\ncommencement of commercial production.\n\nAll shares issued in connection with this transaction will be subject to a\nhold period expiring four months and one day from their date of issuance.\n\nClosing of the transactions contemplated by the Assignment Agreement is\nsubject to the Company’s satisfactory due diligence on the Peerless Property\nwithin 90 days.  In addition, the Assignment Agreement, including the\ntransactions contemplated thereunder, is subject to TSX Venture Exchange\napproval.\n\nQP\n\nThe technical content of this news release has been reviewed and approved by\nLorne Warner, a qualified person as defined by National Instrument 43-101.\nLorne Warner also acts as President of Bathurst Metals Corp.\n\nAbout Big Bear Gold Corp.\n\nBig Bear Gold Corp. is focused on acquiring and developing mineral properties\nwith strong potential to host significant resources in Western Canada. We are\nlooking for additional projects that are in an established mining district\nwith highly prospective geology that could host significant resources.\n\nON BEHALF OF THE BOARD OF DIRECTORS\n“Peter Laipnieks”\nPeter Laipnieks, President & CEO\n\nContacts:\nBig Bear Gold Corp.\nSuite 900, 570 Granville Street\nVancouver, BC  V6C 3P1\n\nInvestor Relations: (250) 216.5674\nEmail:  bigbeargold007@gmail.com \nWebsite:www.bigbeargold.com\n\nThe TSX Venture Exchange has in no way passed upon the merits of the proposed\nacquisition and has neither approved nor disapproved the contents of this\npress release.\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nForward-looking information\nAll statements included in this press release that address activities, events\nor developments that the Company expects, believes or anticipates will or may\noccur in the future are forward-looking statements.  Forward-looking\nstatements are frequently identified by such words as “may”, “will”,\n“plan”, “expect”, “anticipate”, “estimate”, “intend” and\nsimilar words referring to future events and results. In particular,\nforward-looking information in this press release includes, but is not limited\nto, statements with respect to satisfactory due diligence, TSXV approval, the\npayment of costs relating to a NI 43-101 technical report, the assumption and\nsatisfaction of the obligations under the Option Agreement including\ncompletion of all outstanding property option payments, the NSR Royalty and\nbuy-back right relating thereto, and the timing and completion of the proposed\ntransactions.  Forward-looking statements are based on the current opinions\nand expectations of management.  These forward-looking statements involve\nnumerous assumptions made by the Company based on its experience, perception\nof historical trends, current conditions, expected future developments and\nother factors it believes are appropriate in the circumstances.  In addition,\nthese statements involve substantial known and unknown risks and uncertainties\nthat contribute to the possibility that the predictions, forecasts,\nprojections and other forward-looking statements will prove inaccurate,\ncertain of which are beyond the Company’s control.  Actual events or\nresults may differ materially from those projected in the forward-looking\nstatements and the Company cautions against placing undue reliance thereon. \n\nThe Company believes that the expectations reflected in forward-looking\nstatements included herein are reasonable, but no assurance can be given that\nthese expectations will prove to be correct and such forward-looking\nstatements included herein should not be unduly relied upon.  These\nstatements speak only as of the date hereof.  The Company does not intend,\nand does not assume any obligation, to revise or update these forward-looking\nstatements, except as required by applicable law.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/d8594b2b-e4eb-4ceb-a198-435f77eaf2ff)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX4nWGtX-20261001","title":"Big Bear Gold Corp. Signs Assignment and Assumption of Property Option Agreement to Acquire 100% Optioned Interest in Peerless Property","author":"Globe Newswire","ticker":"BEAR","created":"2026-10-01T11:15:00.097Z","tickers":["BEAR"],"exchange":"","article_body":"Vancouver, BC, Canada, Oct. 01, 2026 (GLOBE NEWSWIRE) -- Big Bear Gold\nCorp. (TSXV: BEAR) (the “Company” or “BEAR”) is pleased to announce\nthat it has entered into an assignment and assumption of property option\nagreement (the “Assignment Agreement”) dated September 25, 2026, with\nBathurst Metals Corp. (TSXV: BMV) (“BMV”) and Stanley R McClay as bare\ntrustee for BCT Holdings Corp. (the “Owner”), pursuant to which the\nCompany will acquire BMV’s 100% optioned interest in the Peerless Property\nlocated in the Bridge River Mining Camp, British Columbia.\n\nThe Peerless Property encompasses 12 mineral claims covering 5,500.43\nhectares. It has the same geological setting as surrounding mines and deposits\nwhere thrust faults and secondary faults cross anomalous zones, a classic\nsetting for orogenic gold mineralization. It can be viewed as an intermediate\norogenic gold system bridging the Bralorne and Reliance styles in Canada’s\nhighest-grade historic gold district. It’s a compelling and underexplored\nproject with five distinct gold zones already identified: beta, delta, gamma,\nalpha and epsilon. The project is drill ready with an active drill permit. \nThe project has year-round access with an extensive network of forestry roads\ncrossing the property. Historical RC drilling from Manhatten Minerals in 1987\ninclude 4.52 metres of 28.93 grams gold and 1.52 metres of 35.12 grams gold\nfrom the beta zone.\n\n(https://www.globenewswire.com/Tracker?data=rOyXps-2vWW-2gMbUhjtv1iQu-FyFjzx0wO55zyThzv0aE1wWUFyRgt6VcyuhT_WGOx4mOn65TOyOFSI-YtNR4y2FFErUXYOTVstNkZDm18rcKTc6LrID5Vzhnbbe2wFM2ogXuOXT3v5rBd5FqY1hQ==)\nPlease click to view image\n(https://www.globenewswire.com/Tracker?data=z01kcA4zgoMRSwr87kBu9ccIfumZolj7BHMgcIz1cL10QVjkKQnbYbLYD1C-Yo5IWVOkEfsQktubQVTTUQ1RXL3PxIC5PzvO9rabWn1Lhm9UqXclbLvvOllGMt3Vm1VMpSkXeqIC6o64guO9hGkbIlpZzOoNsQIh36UIwxJ-3N8OgV7lKzgED3Op1Uechzcr)\n\nTerms of the Assignment Agreement\n\nPursuant to the terms of the Assignment Agreement, BMV will sell and assign to\nthe Company, and BEAR will acquire and assume, all of BMV‘s rights and\ninterest in and obligations under a property option agreement between BMV and\nthe Owner dated January 30, 2023, as amended October 10, 2025, and February\n18, 2026 (the “Option Agreement”), in consideration for which BEAR will\nissue to BMV 3,555,000 common shares of the Company.  In addition, the\nparties have agreed that each will pay 50% of the cost of preparing an\nindependent NI 43-101 compliant technical report on the Peerless Property. \nBMV has also agreed to pay the Owner $25,000, which sum will be applied\nagainst and reduce the outstanding cash payment otherwise due to the Owner\nunder the Option Agreement.  BMV and the Owner are arm’s length to BEAR.\n\nAfter BMV’s payment to the Owner described above, the outstanding cash\npayments, expenditure commitments and share issuances due under the Property\nOption Agreement, in order to acquire a 100% interest in the Peerless\nProperty, will be as follows:\n\n                     Cash Payments  Expenditures   BEAR Common Shares  \n June 30, 2027:      $25,000.00     --             2,000,000           \n January 31, 2028:   $50,000.00     --             --                  \n September 30, 2028  $75,000.00     $1,000,000.00  3,500,000           \n January 31, 2029    $100,000.00    --             --                  \n September 30, 2029  $100,000.00    $1,000,000.00  --                  \n TOTAL:              $350,000.00    $2,000,000.00  5,500,000           \n\nPursuant to the Option Agreement, the acquisition of the Peerless Property is\nsubject to a 2.5% net smelter returns royalty (“NSR Royalty”) in favour of\nthe Owner, which in turn is subject to a buy-back right entitling the optionee\nthereunder to purchase a 1.0% NSR Royalty for $1,000,000 within 6 months of\ncommencement of commercial production.\n\nAll shares issued in connection with this transaction will be subject to a\nhold period expiring four months and one day from their date of issuance.\n\nClosing of the transactions contemplated by the Assignment Agreement is\nsubject to the Company’s satisfactory due diligence on the Peerless Property\nwithin 90 days.  In addition, the Assignment Agreement, including the\ntransactions contemplated thereunder, is subject to TSX Venture Exchange\napproval.\n\nQP\n\nThe technical content of this news release has been reviewed and approved by\nLorne Warner, a qualified person as defined by National Instrument 43-101.\nLorne Warner also acts as President of Bathurst Metals Corp.\n\nAbout Big Bear Gold Corp.\n\nBig Bear Gold Corp. is focused on acquiring and developing mineral properties\nwith strong potential to host significant resources in Western Canada. We are\nlooking for additional projects that are in an established mining district\nwith highly prospective geology that could host significant resources.\n\nON BEHALF OF THE BOARD OF DIRECTORS\n“Peter Laipnieks”\nPeter Laipnieks, President & CEO\n\nContacts:\nBig Bear Gold Corp.\nSuite 900, 570 Granville Street\nVancouver, BC  V6C 3P1\n\nInvestor Relations: (250) 216.5674\nEmail:  bigbeargold007@gmail.com \nWebsite:www.bigbeargold.com\n\nThe TSX Venture Exchange has in no way passed upon the merits of the proposed\nacquisition and has neither approved nor disapproved the contents of this\npress release.\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nForward-looking information\nAll statements included in this press release that address activities, events\nor developments that the Company expects, believes or anticipates will or may\noccur in the future are forward-looking statements.  Forward-looking\nstatements are frequently identified by such words as “may”, “will”,\n“plan”, “expect”, “anticipate”, “estimate”, “intend” and\nsimilar words referring to future events and results. In particular,\nforward-looking information in this press release includes, but is not limited\nto, statements with respect to satisfactory due diligence, TSXV approval, the\npayment of costs relating to a NI 43-101 technical report, the assumption and\nsatisfaction of the obligations under the Option Agreement including\ncompletion of all outstanding property option payments, the NSR Royalty and\nbuy-back right relating thereto, and the timing and completion of the proposed\ntransactions.  Forward-looking statements are based on the current opinions\nand expectations of management.  These forward-looking statements involve\nnumerous assumptions made by the Company based on its experience, perception\nof historical trends, current conditions, expected future developments and\nother factors it believes are appropriate in the circumstances.  In addition,\nthese statements involve substantial known and unknown risks and uncertainties\nthat contribute to the possibility that the predictions, forecasts,\nprojections and other forward-looking statements will prove inaccurate,\ncertain of which are beyond the Company’s control.  Actual events or\nresults may differ materially from those projected in the forward-looking\nstatements and the Company cautions against placing undue reliance thereon. \n\nThe Company believes that the expectations reflected in forward-looking\nstatements included herein are reasonable, but no assurance can be given that\nthese expectations will prove to be correct and such forward-looking\nstatements included herein should not be unduly relied upon.  These\nstatements speak only as of the date hereof.  The Company does not intend,\nand does not assume any obligation, to revise or update these forward-looking\nstatements, except as required by applicable law.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/d8594b2b-e4eb-4ceb-a198-435f77eaf2ff)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-01T11:15:00.134452799Z","server_sent_at_ms":1790853300134},"received_at":"2026-10-01T11:15:00.229Z","source_url":null},"analysis":{"id":"146549","press_release_id":"157896","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["significant share dilution (~9.06M shares including 3.555M assignment shares) from a micro-cap issuer","2.5% NSR royalty retained by Owner","historical (1987) drill results not NI 43-101 compliant / not verified by current standards","closing contingent on due diligence and TSXV approval"],"eventType":"m_and_a","narrative":"Big Bear Gold has signed an assignment agreement to acquire Bathurst Metals' 100% optioned interest in the Peerless Property in BC's Bridge River Mining Camp.\n\nThe deal costs BEAR 3,555,000 shares to BMV plus an option schedule totaling $350,000 cash, $2 million in expenditures, and 5.5 million more shares, subject to a 2.5% NSR royalty held by the Owner.\n\nThe 12-claim, 5,500-hectare property is drill ready with an active permit and five identified gold zones; historical drilling included 4.52 metres of 28.93 g/t gold.\n\nClosing is subject to 90-day due diligence and TSX Venture Exchange approval.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Micro-cap gold explorer adds drill-ready orogenic-gold asset in a historic high-grade district, but at the cost of meaningful dilution and a 2.5% royalty."},"keyFigures":{"dealValueUsd":"$350,000 cash plus $2,000,000 expenditures plus 5,500,000 shares","sharesOffered":"9,055,000 total (3,555,000 assignment shares + 5,500,000 option obligation)","customDimensions":{"nsr_royalty":"2.5% (1.0% buy-back for $1,000,000 within 6 months of commercial production)","mineral_claims":12,"shares_owed_option":5500000,"cash_payments_total":350000,"expenditure_commitments":2000000,"assignment_shares_to_bmv":3555000}},"namedEntities":{"people":[{"name":"Peter Laipnieks","role":"President & CEO"},{"name":"Lorne Warner","role":"Qualified Person; President of Bathurst Metals Corp."},{"name":"Stanley R McClay","role":"bare trustee for BCT Holdings Corp. (Owner)"}],"products":["Peerless Property"],"companies":[{"name":"Big Bear Gold Corp.","ticker":"BEAR","relationship":"acquirer"},{"name":"Bathurst Metals Corp.","ticker":"BMV","relationship":"assignor/seller"},{"name":"BCT Holdings Corp.","relationship":"property owner"},{"name":"Manhatten Minerals","relationship":"historical operator"}],"dollarAmounts":[{"amount":"$350,000.00","context":"total cash payments due under Option Agreement"},{"amount":"$2,000,000.00","context":"total expenditure commitments"},{"amount":"$25,000","context":"payment by BMV to Owner applied against option cash payments"},{"amount":"$1,000,000","context":"buy-back price for 1.0% NSR royalty"}]},"materialImpact":{"score":3,"reasoning":"Micro-cap explorer acquiring a 100% optioned interest in a drill-ready gold property, funded largely by share issuances (5.5M shares plus 3.555M to BMV). Strategically meaningful but modest in dollar terms; no immediate revenue impact."},"tickerRelevance":{"others":[{"ticker":"BMV","relevance":"assignor/seller of optioned interest"}],"primary":"BEAR"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":["operations_update"],"importanceComponents":{"tickerTier":"micro-cap explorer","eventGravity":"property acquisition","dilutionFactor":"moderate share issuance","householdBrandBoost":0}},"event_type":"m_and_a","event_type_secondary":["operations_update"],"sentiment":"bullish","material_impact_score":3,"narrative":"Big Bear Gold has signed an assignment agreement to acquire Bathurst Metals' 100% optioned interest in the Peerless Property in BC's Bridge River Mining Camp.\n\nThe deal costs BEAR 3,555,000 shares to BMV plus an option schedule totaling $350,000 cash, $2 million in expenditures, and 5.5 million more shares, subject to a 2.5% NSR royalty held by the Owner.\n\nThe 12-claim, 5,500-hectare property is drill ready with an active permit and five identified gold zones; historical drilling included 4.52 metres of 28.93 g/t gold.\n\nClosing is subject to 90-day due diligence and TSX Venture Exchange approval.","key_figures":{"dealValueUsd":"$350,000 cash plus $2,000,000 expenditures plus 5,500,000 shares","sharesOffered":"9,055,000 total (3,555,000 assignment shares + 5,500,000 option obligation)","customDimensions":{"nsr_royalty":"2.5% (1.0% buy-back for $1,000,000 within 6 months of commercial production)","mineral_claims":12,"shares_owed_option":5500000,"cash_payments_total":350000,"expenditure_commitments":2000000,"assignment_shares_to_bmv":3555000}},"named_entities":{"people":[{"name":"Peter Laipnieks","role":"President & CEO"},{"name":"Lorne Warner","role":"Qualified Person; President of Bathurst Metals Corp."},{"name":"Stanley R McClay","role":"bare trustee for BCT Holdings Corp. (Owner)"}],"products":["Peerless Property"],"companies":[{"name":"Big Bear Gold Corp.","ticker":"BEAR","relationship":"acquirer"},{"name":"Bathurst Metals Corp.","ticker":"BMV","relationship":"assignor/seller"},{"name":"BCT Holdings Corp.","relationship":"property owner"},{"name":"Manhatten Minerals","relationship":"historical operator"}],"dollarAmounts":[{"amount":"$350,000.00","context":"total cash payments due under Option Agreement"},{"amount":"$2,000,000.00","context":"total expenditure commitments"},{"amount":"$25,000","context":"payment by BMV to Owner applied against option cash payments"},{"amount":"$1,000,000","context":"buy-back price for 1.0% NSR royalty"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-01T11:15:08.089Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"micro-cap explorer","eventGravity":"property acquisition","dilutionFactor":"moderate share issuance","householdBrandBoost":0}},"durationMs":7805,"modelName":"glm-5.3-flashx"}}