Silver Bear Resources Plc announced the appointment of Mr. Vadim Ilchuk as President and Chief Executive Officer to lead the company through its next phase as a silver producer. Mr. Ilchuk succeeds Mr. Graham Hill who has announced his resignation from the company to pursue other opportunities. In addition, Mr. Hill has resigned his seat on the Board of Directors and Mr. Ilchuk has been appointed to the Board effective November 14, 2018.

With the support of the company's strong finance team, Mr. Ilchuk will also act as Interim Chief Financial Officer during the search for his replacement. A Russian and US national and seasoned international mining executive, Mr. Ilchuk has been with Silver Bear since July 2017 as the CFO and has been responsible for implementing many financial and operational controls positioning the company to become a successful silver producer. Mr. Ilchuk has 19 years of experience in the mining industry and natural resource investment business, with an extensive background in mine finance and accounting, financial reporting and cross-border M&A process and integration.

Mr. Ilchuk joined the Company from RT-Business Development Inc. where he was CFO. He also served several years in managerial roles in Kinross Gold Corporation in the United States and Russia.