June 30, 2021 – TheNewswire - Vancouver, British Columbia - Bearing Lithium Corp. (“Bearing” or the “Company”) (TSXV:BRZ) (OTC:BLILF) is pleased to announce the appointment of Mr. Kwang-Seok Park to its Board of Directors as the new nominated POSCO representative.

Mr. Park received his PhD in Environmental Science and Engineering from Pohang University of Science and Technology in 2010. He was the Lithium Project Leader with the Research Institute of Industrial Science and Technology (RIST) from 1996 to 2018. He has been with POSCO in various departments as Leader in the Lithium Technology Development Group, General Manager of the Brine Lithium Extraction TF Team and he is presently the Leader of the POSCO Lithium Business Planning Group. The Company looks forward to his contribution to the Board of Directors.

Mr. Park replaces Mr. Bok-Hyung Lee as its POSCO Lithium Business Director. Mr. Lee resigned on June 28, 2021 and we thank him for his contributions to the Company and wish him further success in his new endeavours.

About Bearing Lithium Corp.

Bearing Lithium Corp. is a lithium-focused mineral exploration and development company. Its primary asset is a 17.35% interest in the Maricunga Lithium Brine Project in Chile. The Maricunga Project represents one of the highest-grade lithium brine salars globally and the only pre-production project in Chile. Over $US 60 million has been invested in the Maricunga Project to date.

ON BEHALF OF THE BOARD

Signed "Gil Playford”
Gil Playford, Chairman
gplayford@bearinglithium.com

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Cautionary Statements Regarding Forward Looking Information

This press release includes certain "forward-looking information” and "forward-looking statements” (collectively "forward-looking statements”) within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operating or financial performance of the Company, are forward-looking statements.

Forward-looking statements are frequently, but not always, identified by words such as "expects”, "anticipates”, "believes”, "intends”, "estimates”, "potential”, "possible”, and similar expressions, or statements that events, conditions, or results "will”, "may”, "could”, or "should” occur or be achieved. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.