NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAWS. 


WHITE BEAR RESOURCES INC. (TSX VENTURE:WBR) (the "Company") today announces that
it has entered into an engagement letter dated January 9, 2014 with Mackie
Research Capital Corporation ("Mackie") whereby Mackie has agreed to act as
Sponsor (as defined in the policies of the TSX Venture Exchange (the "TSXV")) in
connection with the Company's acquisition of Tinkerine Studio Ltd. (the
"Acquisition"), as previously announced in the Company's news release of January
8, 2014. In consideration for acting as Sponsor, the Company has agreed to: (i)
pay a fee of $25,000 plus GST to Mackie, of which $12,500 (plus GST) has been
paid, with the balance to be paid at the time Mackie delivers its final Sponsor
report to the TSXV; and (ii) issue to Mackie 40,000 common shares in the capital
of the Company (each, a "Share") at a deemed price of $0.25 per Share, which are
to be issued immediately following completion of the Acquisition.


As previously announced in its press release of January 8, 2014, the Company
intends to complete a non-brokered private placement financing of a minimum of
8,000,000 units (each, a "Unit") at a price of $0.25 per Unit for minimum gross
proceeds of $2,000,000 (the "Financing") in connection with the closing of the
Acquisition (the "Closing"). Each Unit will be comprised of one Share and one
half warrant (each whole warrant being, a "Warrant"), with each Warrant
exercisable into one Share at a price of $0.40 per Share for a period of 18
months following the Closing. Finders fees may be paid in connection with the
Financing on terms to be determined.


Completion of the Acquisition is subject to a number of conditions, including
the acceptance of the TSXV and the approval of the disinterested shareholders of
the Company. The Acquisition cannot close until the required shareholder
approval is obtained. There can be no assurance that the Acquisition will be
completed as proposed or at all. 


Investors are cautioned that, except as disclosed in the management information
circular or filing statement to be prepared by the Company in connection with
the Acquisition, any information released or received with respect to the
Acquisition may not be accurate or complete and should not be relied upon.
Trading in the securities of the Company should be considered highly
speculative. 


The TSXV has in no way passed upon the merits of the proposed Acquisition and
has neither approved nor disapproved the contents of this press release.


ON BEHALF OF THE BOARD OF DIRECTORS OF WHITE BEAR RESOURCES INC. 

Byron Coulthard, Chief Executive Officer, President and Director 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


Disclaimer for Forward-Looking Statements

Statements contained in this news release that are not historical facts
constitute "forward-looking statements" or "forward-looking information" within
the meaning of applicable securities laws and are based on expectations,
estimates and projections as of the date of this release. Forward-looking
statements include, without limitation, possible events and statements with
respect to the Acquisition, the role of Mackie as Sponsor and the Financing. The
words "is expected" or "estimates" or variations of such words and phrases or
statements that certain actions, events or results "may" or "could" occur and
similar expressions identify forward-looking statements. Forward-looking
statements are necessarily based upon a number of estimates and assumptions
that, while considered reasonable by the Company as of the date of such
statements, are inherently subject to significant business, economic and
competitive uncertainties and contingencies. Known and unknown factors could
cause actual results to differ materially from those projected in the
forward-looking statements. Such factors include failure of the Company to
obtain the necessary approvals for the Acquisition, failure of the Company to be
able to raise the funds necessary to complete the Financing, any events that
cause Mackie to cease to act as Sponsor and any other factors that may cause the
Acquisition not to be completed. Many of these factors could cause actual
results to differ materially from those expressed or implied in any
forward-looking statements made by, or on behalf of, the Company in this
release. There can be no assurance that forward-looking statements will prove to
be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Forward-looking statements are provided
for the purpose of providing information about management's expectations and
plans relating to the future. All of the forward-looking statements made in this
release are qualified by these cautionary statements. Although the Company
believes that the expectations in the forward-looking statements are reasonable,
actual results may vary, and future results, levels of activity, performance or
achievements cannot be guaranteed.


FOR FURTHER INFORMATION PLEASE CONTACT: 
White Bear Resources Inc.
Byron Coulthard
Chief Executive Officer, President and Director
(604) 657-7004