Besra Revises Payment Schedule for the Bau Goldfield

Besra Revises Payment Schedule for the Bau Goldfield 
TORONTO, ONTARIO -- (Marketwired) -- 05/21/13 -- BESRA (TSX:BEZ)
(OTCQX:BSRAF) (FRANKFURT:OP6) (ASX:BEZ) John Seton, Chief Executive
Officer is pleased to announce the Company has revised its payment
schedule over the next three years for increased ownership of North
Borneo Gold Sdn Bhd. 
Seton said, " This revised payment schedule will improve cash flow
during the current ebb in gold price. The new arrangements have been
negotiated as part of Besra's program of cost reduction and greater
efficiencies. It's good news for us as it spreads payments into 2015
and greatly reduces the cash flow demand on the Company over the next
six to nine months." 
There is no change in the amount payable by Besra. Upon completion of
the payments in September 2015, Besra would have increased its
ownership of the Bau Gold Project to 93.55%. 
Revised Payment Schedule (USD) 


 
----------------------------------------------------------------------------
                                                                  Effective 
Amount                 Purchase Date       Total per Year       Holdings (%)
----------------------------------------------------------------------------
$600,000                    06/14/13                                  85.61 
----------------------------------------------------------------------------
$800,000                    09/02/13                                  86.36 
----------------------------------------------------------------------------
$800,000                    12/02/13           $2,200,000             87.10 
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
$900,000                    03/03/14                                  87.95 
----------------------------------------------------------------------------
$900,000                    06/02/14                                  88.80 
----------------------------------------------------------------------------
$1,000,000                  09/01/14                                  89.75 
----------------------------------------------------------------------------
$1,000,000                  12/01/14           $3,800,000             90.70 
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
$1,000,000                  03/02/15                                  91.65 
----------------------------------------------------------------------------
$1,000,000                  06/01/15                                  92.60 
----------------------------------------------------------------------------
$1,000,000                  09/01/15           $3,000,000             93.55 
----------------------------------------------------------------------------

 
Background to the Bau Gold Project 
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 interests that owns rights
to consolidated mining tenements covering much of the historic Bau
Goldfield in Sarawak, East Malaysia.  
The Bau Goldfield lies within the Borneo metalliferous belt, which
contains many other important gold mining camps, including Kelian,
Mamut and Masupa. 
The geology and mineralization of the Bau Goldfield have been
compared with that of the Carlin District of Nevada, USA (cumulative
production greater than 60M ounces). 
Besra (www.besra.com) 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 in 2013). 
John A G Seton, Chief Executive Officer  
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 labor 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
+1 (416) 572 2525
+1 (416) 572 4202 (FAX)
TF: 1 888 902 5522 (North America) or 800 308 602 (Australia
ir@besra.com
 
 
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