GREAT BEAR ACQUIRES OPTION ON WOLLASTON LAKE PROPERTY IN SASKATCHEWAN

April 12, 2007

Great Bear Resources Ltd. ("Great Bear") has entered into an option agreement with Dahrouge Geological Consulting Ltd. ("Dahrouge") pursuant to which it has been granted an option (the "Options") to acquire a 100% interest in two mineral prospecting permits issued to Dahrouge by the Saskatchewan Department of Mines and Energy, subject to a 1.5% net smelter returns royalty on mineral production and a 4% gross overriding royalty on any diamonds reserved by Dahrouge.

The permits give the holder the right to explore approximately 82,635 hectares of land in the Wollaston Lake area of Saskatchewan and may be converted into mineral claims at any time prior to December 20, 2008 in accordance with The Mineral Disposition Regulations of Saskatchewan.

Great Bear may exercise the option by paying Dahrouge $75,000 in cash and issuing 250,000 shares in its capital stock, and intends to do that immediately.

ON BEHALF OF THE BOARD

"Wan Jung"

Wan Jung
President and Director