TSXgroup

December 17, 2007

Silver Bear Resources Inc. (the “Company”) - An application has been granted for the original listing in the Mining category of 40,582,048 common shares of the Company, of which 35,735,569 will be issued and outstanding, and 4,846,479 will be reserved for issuance upon completion of a public offering (the “Offering”).

Listing of the common shares will become effective at 5:01 p.m. on Tuesday, December 18, 2007 in anticipation of the closing of the Offering on Wednesday, December 19, 2007. The common shares, other than those which have not been distributed to the public, will be posted for trading at the opening on Wednesday, December 19, 2007.

The Company is subject to the reporting requirements of Section 501 of the TSX Company Manual.

Additional information on the common shares may be found in the Company’s prospectus dated December 10, 2007 (the “Prospectus”) which is available at: www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the final Prospectus.

Stock Symbol: “SBR”
CUSIP: 82735N 10 9
Trading Currency: CDN

Temporary Market Maker: Research Capital Corporation

Other Markets: N/A

Head Office Address:
2 Bloor Street West
Suite 2102
Toronto, Ontario
M4W 3E2

Head Office Telephone Number: (416) 324-6000

Fax Number: (416) 324-9494

Investors Relations:
Brian Penny
Tel: (416) 324-6000
Fax: (416) 324-9494
Email: BPenny@silverbearresources.com

Chief Financial Officer & Corporate Secretary: Brian Penny

Incorporation: The Company was incorporated under the Business Corporations Act (Ontario) on April 8, 2004.

Fiscal Year End: December 31

Nature of Business: The primary business of the Company is the evaluation, acquisition, exploration and development of silver properties in the Russian Federation. The corporate strategy of the Company is to identify and develop silver opportunities in Russia by exploration, acquisition, joint venture or otherwise. It is an exploration stage Company and its principal asset is the Mangazeisky Project, located in the Republic of Sakha, Yakutia, Russia.

Transfer Agent & Registrar: Computershare Investor Services Inc. at its principal office in Toronto, Ontario.

Dividends: The Company does not anticipate paying dividends in the foreseeable future.

Public Offering: Pursuant to the terms of the Prospectus, 10,000,000 common shares are being offered to the public at a price of $3.00 per share by RBC Dominion Securities Inc., Merrill Lynch Canada Inc., GMP Securities L.P., Wellington West Capital Markets Inc., as underwriters. In addition, the underwriters have been granted an over-allotment option for 30 days to purchase up to an additional 1,500,000 common shares at $3.00 per share.