Plaintiffs v Bear Lake Gold Ltd.

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Ontario Law Firm Starts Class Action Against Bear Lake Gold Ltd.

Case ID: 5548

Category: Miscellaneous

Last Update: 08/27/2009

Country:

A London, Ontario based law firm has filed a proposed class-action lawsuit against Bear Lake Gold Ltd. (TSXV:BLG), alleging "serious material inconsistencies in its exploration data."

The class-action suit seeks damages for investors after Bear Lake's recent admission that it was aware of the inconsistencies in its data relating to its flagship Larder Lake gold mining project.

Bear Lake issued a statement July 24 stating it had suspended all operations at its Larder Lake property while it investigated the inconsistencies regarding its exploration data.

The Bear Lake Gold suit would be a one of the first investor class action suits brought in Canada against a TSX Venture listed company.

Investors who purchased Bear lake Gold securities from July 2006 to July 2009 are encouraged to join the proposed class action suit, which so far has just one plaintiff.

For more information please contact:

Siskinds LLP
680 Waterloo Street
P.O. Box 2520
London, Ontario, Canada
N6A 3V8
Phone: (519) 672-2121
Fax: (519) 672-6065

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