Besra Receives New Twenty Year Mining Lease at Bau and Increases Project Ownership to Eighty-Five Percent

Besra Receives New Twenty Year Mining Lease at Bau and Increases Project 
Ownership to Eighty-Five Percent 
TORONTO, ONTARIO -- (Marketwire) -- 02/12/13 -- BESRA
Executive Officer of Besra is pleased to announce that the final
mining certificate renewal required for the main area of the Bau
Goldfield being considered for mining (Jugan and Young's Hill) has
been granted as a full mining lease with rights to exploit gold,
silver, base metals and calcium. The granting of the lease, for
twenty years from January 23, 2013, is seen as another positive for a
project that already possesses infrastructure features such as roads,
electric power, close proximity to an international airport and a
deep-water port. The new mining license covers the Jugan, Fern Hill,
and Jambusan deposit areas (See below: Aerial view of the Bau
To view Aerial view of the Bau Goldfield, please visit the following
The Bau Goldfield has a NI43-101 Measured resource of 3,405600 tonnes
at 1.52 g/t Au containing 166,900 ounces of gold. Indicated resource
of 17,879,700 tonnes at 1.67 g/t Au containing 958,000 ounces of gold
and an Inferred resource of 50,206,400 tonnes at 1.35 g/t Au
containing 2,181,600 ounces of gold. 

BAU GOLD: FIELD N143-101                                                    
Reserve Category             Tonnes   Gold Grade (g/t)   Contained Gold (oz)
Measured                  3,405,600               1.52               166,900
Indicated                17,879,700               1.67               958,000
Total M & I              21,285,300               1.64             1,124,900
Inferred                 50,206,400               1.35             2,181,600

The Bau property is a brown-field project, spread over a large
geographic area, in which the Company is in consortium with a
Malaysian company with material Bumiputra interest that owns rights
to consolidated mining tenements covering much of the historic
goldfield. Besra increased its ownership of the Bau Goldfield from
83.25% to 85.05% on January 28, 2013 paying USD 2 million. (See
Olympus Press Release dated January 24, 2012.) 
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 2015 (start up and production forecasts will depend on the
result of the current Jugan feasibility, which is scheduled for
completion in 2013). 
John A.G. Seton, Chief Executive Officer 
The technical information in this press release has been prepared
under the supervision of Mr. Rod Murfitt who is a member of the
Australasian Institute of Mining and Metallurgy (AusIMM), a
"Competent Person", as defined in the 2004 Edition of the
"Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserve" and a "Qualified Person" as defined in
National Instrument 43-101 Standards of Disclosure for Mineral
Projects of the Canadian Securities Administrators. Mr. Murfitt is a
full-time consultant to the Company and is not "independent" within
the meaning of National Instrument 43-101. Mr. Murfitt consents to
the inclusion in this press release of the technical information, in
the form, and context in which it appears. 
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 or TF: 1-888-902-5522
TF: 800-308-602 (Australia)
(416) 572-4202 (FAX)
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