Vancouver, British Columbia–(Newsfile Corp. – March 10, 2023) – Bear Creek Mining Corporation (TSXV: BCM) (OTCQX: BCEKF) (BVL: BCM) (“Bear Creek” or the “Company”) is pleased to announce that, further to its news release dated October 26, 2022, it has revised the terms (the “Revised Terms”) of the heads of agreement with EquinoxGold Corp. (“EquinoxGold”) to amortize over a two-year period payment of the final US$25 million purchase price installment (the “Deferred Payment”) for the Mercedes Gold Mine (“Mercedes”) in Sonora, Mexico. Pursuant to the agreement to acquire Mercedes, the Deferred Payment, as previously amended, was due to be made onOctober 26, 2022 (see Bear Creek news releases dated December 17, 2021, April 21, 2022 and October 24, 2022).