Bearing Announces Resignation of CEO and Option Grants

Vancouver, British Columbia – Bearing Lithium Corp. (“Bearing” or the “Company“) (TSX Venture: BRZ) (OTCQB: BLILF) (FRANKFURT: B6K2) announces today that its Chief Executive Officer and a director of the Company, Jeremy Poirier, has informed the Company that he will be resigning from his role in order to pursue other endeavours. It is anticipated that Mr. Poirier will continue in his role as Chief Executive Officer and as a director during the notice period in order to ensure an orderly transition.

Gil Playford, Bearing’s Chairman, commented: “On behalf of the board, I would like to sincerely thank Jeremy for all of his efforts and his steering of the Company over the past three years, specifically in regards to the transformative acquisition of Li3 Energy Inc. We wish him all the best in his future endeavours.”

In addition, the Company announces that it is issuing an aggregate of 900,000 stock options to directors and officers. Each of the stock options has an exercise price of 0.25 and will expire on October 11, 2023.

About Bearing Lithium Corp.

Bearing Lithium Corp. is a lithium-focused mineral exploration and development company. Its primary asset is an 18% interest in the Maricunga Lithium Brine Project in Chile. The Maricunga Project represents one of the highest-grade lithium brine salars globally and the only pre-production project in Chile. Over US$30 million has been invested in the Maricunga Project to date and all expenditures through to the delivery of a Definitive Feasibility Study have been fully-funded by the earn-in joint-venture partner.