Bearing Lithium Corp. announced that the release of the updated Definitive Feasibility Study (DFS) for the Maricunga Project Stage One development previously announced for mid-December 2021 has been moved to mid-January 2022. The dynamics and positive performance of the lithium market during the last 12 months have had a positive impact on expected market conditions. Wood Mackenzie (previously Roskill), MSB's market advisor, has recommended updating the market chapter in the DFS to correctly reflect new perspectives that have emerged during the last six months. The report is now undergoing an internal approval process within Worley Parsons (DFS Author), for its signature, before it can be released. When coupled with the Christmas/New Year break and the requirement for a NI 43-101 sign-off, the release of the updated DFS should be no later than the end of January 2022.