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Bearing names new CEO, closes mineral assets sale to Commander

namedJeremy Poirier president and CEO, effective immediately.

Poirier,who joined Bearing's boardin August, will take over from Robert Cameron, who resigned "to focus onother endeavors," according to a Sept. 30 news release. Cameron willremain as an adviser to the company.

Bearingalso completed the saleof mineral assets in Canada and Mexico to Commander Resources Ltd. in exchange for 12,000,000common shares and C$15,000 in cash. The deal excludes Bearing's four fully owned properties inthe Yukon.

Bearingalso said it will issue up to 12,000,000 units via private placement at 13cents per unit.