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Tempe, AZ – August 31, 2011 – Big Bear Mining Corp (OTCBB:BGBR), a U.S. based company focused on the acquisition and development of gold and other precious metal projects, announced today that it has received the commitment of Southern Legacy Minerals, Inc., a privately held exploration company, to make an equity investment into the Company of $300,000. Southern Legacy will be granted three seats on the board of directors of the Company in conjunction with the investment.
The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
About Big Bear Mining Corp:
Big Bear Mining Corp is a U.S. based exploration company, focused on the acquisition and development of gold and other precious commodity projects that are economically viable and geologically compelling. Big Bear is a fully reporting company quoted on the OTCBB under the symbol BGBR.
Notice Regarding Forward-Looking Statements
This news release contains “forward-looking statements”, as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to the completion of the financing with Southern Legacy
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.