Bearing Mineral Exploration, Inc. announces entering into Letter of Intent with vLinx, Inc.

VANCOUVER, March 17 /PRNewswire-FirstCall/ - Bearing Mineral Exploration, Inc. (the "Company" or "BMI") (OTCBB: BEAX.OB) enters into Letter of Intent with vLinx, Inc. ("vLinx").

On March 15, 2010, we entered into a Letter of Intent with vLinx, Inc. whereby we agreed to complete an Agreement and Plan of Merger and Reorganization (the "Definite Agreement") to acquire 100% of the outstanding equity securities of vLinx, Inc. subject to us:

1. Completing our due diligence to our sole satisfaction as to the business and market viability of the intellectual property and assets of the Company;

2. Issuing 25,000,000 post-split restricted shares of common stock to the shareholders of vLinx on a pro-rata basis of the shares held in vLinx.

3. Canceling the 9,274,005 post-split restricted shares of common stock currently held by our current President and director.

4. Completing a private placement of not less than $2,500,000 at a price of not less than $0.50 per share.

5. Replacing our board of directors with individuals designated by vLinx, Inc.

The Definitive Agreement is subject to vLinx providing us with the following:

1. Confirmation that all debt holders of vLinx (except for an aggregate of $325,000) have converted their debt into equity of vLinx.

2. Confirmation of 100% of the shareholders of vLinx approving and participating in the transaction.

3. Financial statements as required by Item 310 of Regulation SB of the United States Securities and Exchange Commission ("SEC') in order to permit us to make the SEC filings required in respect of the purchase and sale of the shares.

The parties' objective is to sign and close the Definitive Agreement on or about May 31, 2010 unless mutually agreed to in writing by all parties.

About vLinx Inc.

vLinx, Inc. is an e-commerce global technology development and trading company, which facilitates international trade between manufacturers and suppliers, and retailers and distributors.

vLinx Inc. has developed a unique web-based technology designed to facilitate the complex and convoluted international trade process. vLinx target markets are Retailers with an urgent need to improve profit margins and to remain competitive against the Wal-Marts of this world.

According to both the WTO and UN Centre for e-Commerce and Trade Facilitation, the complexities and inefficiencies of the import-export process add as much 15% to the landed cost of a product.

vLinx technology is the end to end, eCatalogue-Transaction Engine(TM) for suppliers and buyers anywhere in the world. The target markets include North America, Europe, India, Russia, China and South America. Historical data indicate hard and soft cost savings of 4% and Administrative Overhead reduction of 75%. There is no need for organizations to invest in hardware or software. All that is needed is an Internet connection. The vLinx software has been designed to be extremely user-friendly and simple to use. On the average, it takes a new user less than 30 minutes to be up and running.

There are no assurances that all the above conditions can be satisfied or that all subjects will be removed such that the transactions as contemplated can be completed and closed.

On behalf of the Board of Directors,

Bearing Mineral Exploration, Inc.

Gerhard Schlombs, President

Disclaimer: This Press Release may contain, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are identified by their use of terms and phrases such as "believe," "expect," "plan," "anticipate" and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from Bearing Mineral Exploration, Inc.'s expectations, and Bearing Mineral Exploration, Inc. expressly does not undertake any duty to update forward-looking statements. These factors include, but are not limited to the following, the ability to further exploit its intellectual properties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward- looking statements.

SOURCE Bearing Mineral Exploration Inc.