CURRENT LISTING

TSX:SBR

SHAREHOLDING INFORMATION

Shares Outstanding: Basic 44,185,569

ATTENTION SILVER BEAR SHAREHOLDERS

SHAREHOLDERS WHO PARTICIPATED IN VARIOUS PRIVATE PLACEMENTS PRIOR TO THE DECEMBER 19, 2007 INITIAL PUBLIC OFFERING:

Please note that, prior to the completion of the initial public offering of Silver Bear Resources Inc., the Company completed a one-for-three consolidation of its common shares. The new share certificates, reflecting the one-for-three share consolidation, have been mailed to the address on record of the registered shareholder.

OLD SHARE CERTIFICATES ARE DEEMED TO HAVE BEEN CANCELLED AND THERE IS NO NEED TO RETURN THEM TO US.

For further information, please contact our transfer agent, Computershare, at 1-800-564-6253.

TRUST AGENT INFORMATION:

Computershare Toronto
1-800-564-6253