Besra and VietAbank Create a Strategic Banking Partnership

Besra and VietAbank Create a Strategic Banking Partnership 
TORONTO, ONTARIO -- (Marketwire) -- 03/12/13 -- BESRA
(TSX:BEZ)(ASX:BEZ)(OTCQX:BSRAF)(FRANKFURT:0P6) John Seton, Chief
Executive Officer is pleased to announce that Besra has formed a
strategic banking partnership with VietAbank with the first deal now
completed for US$ 18 million. 
John Seton commented, "Besra and VietAbank are delighted with the new
arrangement as it demonstrates that Vietnamese financial institutions
are willing to participate in foreign business development of the
country's resource sector. As a result of the alliance we anticipate
that Besra's future expansion capital in Vietnam can be funded
domestically." He continued, "This new partnership will no doubt
enhance direct foreign investment in Vietnam's natural resource
sector." 
Highlights 


 
--  Working capital facility: US$ 18 million
--  Interest: Eight percent per annum secured over the assets of Phuoc Son
    Gold Company
--  Terms: drawn down as required, twelve-month rollover

 
Besra has drawn down US$ 5 million on February 28th, 2013 to fund
capital development of the Phuoc Son plant allowing the Company to
expand plant capacity to approximately 1,400 tonnes per day starting
in July. The Company's production guidance for fiscal year June 30th
is 60,000 ounces and 70,000 ounces is projected next year. 
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).  
BESRA GOLD INC. 
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. 
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 
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.
Contacts:
Besra Gold Inc.
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)
info@besra.com
www.besra.com
 
 
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