Silver Bear Announces the Company's Auditors Have Suspended Its Annual Audit for the Year Ended 31 December 2021

Mar 16, 2022

Silver Bear Resources Plc ("Silver Bear" or the "Company") (TSX: SBR) announces that the Company’s Auditors, BDO LLP (“BDO”) have informed the Company that they have suspended the Company’s annual audit for the year end dated 31 December 2021, due to non-payment of an outstanding invoice as a result of the circumstances explained below, effective immediately. As such, the Company will not be able to file its year-end Financial Statement, Management Discussion and Analysis, CEO and CFO certifications and Annual Information Form (“YE 2021 Statements”) by the deadline of 31 March 2021. The Company is in the process of filing for a Cease Trading Order with the Ontario Securities Commission to allow for an extension of the YE 2021 Statements.

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