BRL Bearclaw Capital Corp

Bearclaw Capital Corp. (TSX VENTURE:BRL)(FRANKFURT:5BQ) is pleased to announce
that it has entered into a letter of intent dated August 23, 2013, with Copper
Mountain Mining Corp., whereby Copper Mountain will, subject to a sixty day due
diligence period, enter into an exclusive option agreement to acquire up to a
75-per-cent undivided interest in and to 25 mineral claims located in British
Columbia, Canada, known as the Axe property. Bearclaw and Weststar Resources
Corp. hold the property as a joint venture, in which the parties hold a 30-
per-cent and a 70- per-cent interest respectively.


Under the terms of the LOI, Copper Mountain can earn a 51- per-cent interest in
the Axe property by incurring $3,000,000 of expenditures in exploration
activities on the property by the end of the four year earn-in period and paying
to the company and Weststar (collectively, in proportion to their participating
interest in the Axe J.V.): $5000 immediately upon signing the LOI: $25,000 on
the commencement date; and $50,000, $100,000, $150,000 and $200,000 on the
succeeding anniversaries of the commencement date.


If Copper Mountain exercises the option, a joint venture will be formed between
Copper Mountain, the company and Weststar, with Copper Mountain holding a
51-per-cent participating interest, and the company and Westar holding 14.7
per-cent and 34.3 per-cent participating interests, respectively.

Upon exercise of the option, Copper Mountain will have the option to acquire an
additional 24 per- cent undivided interest in the property (increasing its
interest to 75 per-cent, absent other adjustments) by either completing a
feasibility study on the property or incurring no less than $12,000,000 in
expenditures on the property and providing the company and Westar with evidence
of such expenditures. In the event that Copper Mountain exercises the second
option and acquires an undivided 75 per-cent interest in the property, then the
company will have a 7.5 per-cent participating interest and Westar a 17.5
per-cent participating interest in the property, respectively.


Change of Officer

Bearclaw Capital Corp. announces that effective August 27, 2013, Mr. Robert B.
MacGillivray has resigned as corporate secretary of the company and has been
replaced, by resolution of the Board of Directors, by Mr. Arthur W. Lilly, who
serves as a director of the company and the company's CFO. Mr. MacGillivray
still serves as a director of the company.


The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bearclaw Capital Corp.
Scott M. Ross
President
604-682-2201 or 604-803-4883
604-682-0318 (FAX)


Bearclaw Capital Corp.
214-3540 West 41st Avenue
Vancouver, British Columbia, V6N 3E6
info@bearclawcapitalcorp.com

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