Bearing Closes Final Tranche of Private Placement Financing

Vancouver, British Columbia – Bearing Lithium Corp. (“Bearing” or the “Company“) (TSX Venture: BRZ) (OTCQB:BLILF) (FRANKFURT: B6K2) is pleased to announce the closing of the second and final tranche (the “Final Tranche“) of the non-brokered private placement (the “Private Placement“) announced July 13, 2018.Pursuant to the Final Tranche, Bearing issued a total of 160,000 units (each a “Unit“), at a price of $0.25 per unit for gross proceeds of $40,000.Together with the first tranche of the Private Placement completed on August 8, 2018, an aggregate of 9,130,000 Units were issued pursuant to the Private Placement for gross proceeds of $2,282,500.

The Company intends to use the net proceeds of the Private Placement to fund the acquisition of its previously announced increased ownership in the Maricunga Project (see the Company’s news release dated June 25, 2018) and for working capital.