Bearing Announces Proposed Repricing of Warrants

Vancouver, British Columbia – Bearing Lithium Corp. (“Bearing” or the “Company“) (TSX Venture: BRZ) (OTCQB: BLILF) (FRANKFURT: B6K2) announces that, subject to approval by the TSX Venture Exchange, it intends to amend the terms of a total of 4,565,000 outstanding share purchase warrants (the “Warrants”) issued pursuant to a private placement that closed in two tranches on August 8, 2019 and August 16, 2019.Each Warrant is currently exercisable for one common share of Bearing at an exercise price of $0.40 per share. If approved, the proposed amendment will reduce the exercise price of the Warrants to $0.31 per share.