Besra Announces Renewal of Normal Course Issuer Bid (Buy-Back Program)

Besra Announces Renewal of Normal Course Issuer Bid (Buy-Back Program) 
TORONTO, ONTARIO -- (Marketwire) -- 02/07/13 -- BESRA
(TSX:BEZ)(ASX:BEZ)(OTCQX:BSRAF)(FRANKFURT:OP6) announced today that
it has received approval from the Toronto Stock Exchange ("TSX") to
make a normal course issuer bid to be transacted through the
facilities of the TSX. The Company also filed a buy-back announcement
with the Australian Securities Exchange (collectively, with the
normal course issuer bid, the "Buy-Back Program"). 
Pursuant to the terms of the Buy-Back Program, Besra may purchase its
own common shares for cancellation in compliance with TSX or ASX
rules, as applicable. The current intention of the Company's board of
directors is to purchase approximately 25,000,000 shares pursuant to
the Buy-Back Program being 7.8% of the Company's public float.
Purchases will be subject to a daily maximum of 48,906 shares
representing 25% of the average daily trading volume of 195,624
shares for the six months ended January 31, 2013, except where such
purchases are made in accordance with "block" purchase exemptions
under TSX guidelines. Besra will initiate purchases at different
times starting on or after February 11, 2013, and ending no later
than February 10, 2014.  
The Company maintained a buy-back program from December 1, 2011
through November 30, 2012 purchasing 1,050,000 shares over the
facilities of the TSX at a weighted average price per share of
CAD$0.35 and 1,307,679 shares over the facilities of the ASX at a
weighted average price per share of AUD$0.34.  
As of January 31, 2013, the Company had 378,781,186 common shares
issued and outstanding of which 320,111,482 common shares were in the
public float, determined in accordance with TSX rules.  
John Seton, Chief Executive Officer said, "Besra's low share price
does not accurately reflect the value of the Company's assets or its
future prospects, therefore, a share buy-back program makes good
business sense and delivers value to our existing shareholder base
for so long as the share price remains, in the Company's opinion,
significantly undervalued".  
Besra has appointed Paradigm Capital Inc. as its representative
broker for purposes of the Normal Course Issuer Bid and D2MX Pty Ltd.
for purchases on the ASX.  
A copy of the Company's notice of intention filed with the TSX may be
obtained by any shareholder without charge by contacting the
Company's Vice-President, Investor Relations at the number below. 
Besra is a diversified gold company focused on four advanced
properties; the Bau Goldfield in East Malaysia, Bong Mieu and Phuoc
Son in Central Vietnam, and Capcapo in the Philippines. Besra expects
to expand existing gold production capacity in Vietnam over the next
two years and is projecting new production capacity from Bau Central
during late 2015 (start up and production forecasts will depend on
the result of the current Jugan feasibility, which is scheduled for
completion June 2013). 
John A.G. Seton, Chief Executive Officer 
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in the United
Certain of the statements made and information contained herein is
"Forward-looking information" within the meaning of applicable
securities laws, including statements concerning our plans at our
producing mines and exploration projects, which involve known and
unknown risks, uncertainties, and other factors which may cause the
actual results, performance or achievements of the Company, or
industry results, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking information. Forward-looking information is subject
to a variety of risks and uncertainties that could cause actual
events or results to differ from those reflected in the
forward-looking information, including, without limitation, failure
to establish estimated resources or to convert resources to mineable
reserves; the grade and recovery of ore which is mined varying from
estimates; capital and operating costs varying significantly from
estimates; delays in obtaining or failure to obtain required
governmental, environmental, or other project approvals; changes in
national and local government legislation or regulations regarding
environmental factors, royalties, taxation or foreign investment;
political or economic instability; terrorism; inflation; changes in
currency exchange rates; fluctuations in commodity prices; delays in
the development of projects; shortage of personnel with the requisite
knowledge and skills to design and execute exploration and
development programs; difficulties in arranging contracts for
drilling and other exploration and development services; dependency
on equity market financings to fund programs and maintain and develop
mineral properties; and risks associated with title to resource
properties due to the difficulties of determining the validity of
certain claims and other risks and uncertainties, including those
described in each management's discussion and analysis released by
the Company. In addition, forward-looking information is based on
various assumptions including, without limitation, the expectations
and beliefs of management; the assumed long-term price of gold; the
availability of permits and surface rights; access to financing,
equipment and labour and that the political environment in the
jurisdictions within which the Company operates will continue to
support the development of environmentally safe mining projects.
Should one or more of these risks and uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may
vary materially from those described in forward-looking statements.
Accordingly, readers are advised not to place undue reliance on
forward-looking statements, which speak only as of the date they are
made. Except as required under applicable securities legislation, the
Company undertakes no obligation to publicly update or revise
forward-looking information, whether as a result of new information,
future events or otherwise.
James W. Hamilton, Vice-President Investor Relations
(416) 572-2525 / TF: 1-888-902-5522
TF: 800-308-602 (Australia)
(416) 572-4202 (FAX)
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