News Release
Kupol Project Update
Exploration and Feasibility Drill Results
Vancouver, September 23, 2004 - Bema Gold Corporation (TSX/AMEX: BGO, AIM: BAU) is pleased to announce further drilling results from the 2004 Kupol Project exploration and feasibility drilling program.
The highlights of the recent drilling program are: the extension of high grade mineralization 250 metres to the North at depth; the discovery of a new wide high grade vein in the recently discovered multiple veins in the North Zone; the discovery of a new high grade sub parallel or offset vein in the South; the discovery of a new high grade ore shoot in the Central Zone; and ongoing detail drilling in the Big Bend Zone continues to demonstrate strong continuity of the high grade zone.
North Zone
A total of 38 holes totalling 13,800 metres have been completed in the North Zone. Exploration drilling in the North Zone has extended high grade mineralization a further 250 metres to the North at depth. (See table for Holes 333 and 361) Infill drill hole 267 discovered a new wide high grade vein with an approximate true width of 20 metres vein averaging 31.3 g/t gold and 330.3 g/t silver. In addition, a number of holes (holes 268, 281, and 286 listed below) intersected multiple veins including the new wide vein.
Selected drill results are as follows:
| North and N.Ext | FROM | TO | LENGTH | GOLD | SILVER |
| Hole # | (metres) | (metres) | (metres) | (g/t) | (g/t) |
| KP04-267 | 139.00 | 169.50 | 30.50 | 31.3 | 330.3 |
| Plus | 206.60 | 211.30 | 4.70 | 14.7 | 88.7 |
| KP04-268 | 135.60 | 148.50 | 12.90 | 8.5 | 57.8 |
| Plus | 167.00 | 173.40 | 6.40 | 6.4 | 131.4 |
| Plus | 185.25 | 188.10 | 2.85 | 28.1 | 856.2 |
| KP04-280 | 115.20 | 130.40 | 15.20 | 30.3 | 281.5 |
| Plus | 231.00 | 234.00 | 3.00 | 10.3 | 84.7 |
| KP04-281 | 166.20 | 169.10 | 2.90 | 28.8 | 454.4 |
| Plus | 188.30 | 202.00 | 13.70 | 31.9 | 322.0 |
| Plus | 233.00 | 243.50 | 10.50 | 6.6 | 41.3 |
| KP04-286 | 220.30 | 221.00 | 0.70 | 24.8 | 116.1 |
| Plus | 242.40 | 243.40 | 1.00 | 15.8 | 128.8 |
| Plus | 248.50 | 250.00 | 1.50 | 7.7 | 62.6 |
| Plus | 251.40 | 264.50 | 13.10 | 31.3 | 332.8 |
| Plus | 270.70 | 291.30 | 20.60 | 31.7 | 484.3 |
1
| Plus | 308.80 | 316.30 | 7.50 | 7.0 | 35.31 |
| KP04-291 | 232.00 | 234.70 | 2.70 | 20.2 | 560.4 |
| KP04-322 | 150.35 | 180.60 | 30.25 | 12.2 | 119.4 |
| KP04-333 | 520.50 | 521.50 | 1.00 | 95.3 | 52.7 |
| KP04-335 | 229.70 | 232.30 | 2.60 | 61.0 | 296.3 |
| Plus | 235.00 | 237.00 | 2.00 | 13.1 | 171.4 |
| KP04-361 | 403.30 | 406.60 | 2.70 | 23.1 | 96.6 |
| Plus | 411.50 | 420.80 | 9.30 | 14.5 | 242.1 |
Central Zone
A total of 47 drill holes totalling 7,220 metres have been completed in the Central Zone. The drilling has discovered a new high grade ore shoot that is 150 to 200 metres long and extends to at least 175 metres below surface and remains open at depth. Holes from this ore shoot include holes 299 (71.6 g/t gold and 2,674 g/t silver over 8.5 metres), 296 (63.8 g/t gold and 426.9 g/t silver over 5 metres), 290 (22.2 g/t gold, 89.4 g/t silver over 3.6 metres), 298 (17.29 g/t gold, 143 g/t silver over 16.8 metres) and hole 303 (22 g/t gold and 400.5 g/t silver over 9.9 metres). Hole 300 (17.25 g/t gold and 539 g/t silver over 5.6 metres) was drilled in the previously discovered southern ore shoot in the Central Zone outlined in the last release. (August 12, 2004) This shoot also remains open at depth.
Selected drill results are as follows:
| Central Zone | FROM | TO | LENGTH | GOLD | SILVER |
| Hole # | (metres) | (metres) | (metres) | (g/t) | (g/t) |
| KP04-287 | 47.20 | 48.00 | 0.80 | 39.7 | 990.4 |
| Plus | 63.25 | 68.00 | 4.75 | 19.0 | 205.6 |
| KP04-290 | 127.00 | 130.60 | 3.60 | 22.2 | 89.4 |
| KP04-296 | 17.20 | 22.20 | 5.00 | 63.8 | 426.9 |
| KP04-297 | 172.85 | 188.60 | 15.75 | 15.9 | 251.1 |
| KP04-298 | 79.00 | 95.80 | 16.80 | 17.2 | 143.1 |
| KP04-299 | 154.50 | 163.00 | 8.50 | 71.6 | 2,674.5 |
| KP04-300 | 204.80 | 210.40 | 5.60 | 17.2 | 539.3 |
| KP04-303 | 132.50 | 142.40 | 9.90 | 22.0 | 400.5 |
| KP04-318 | 19.70 | 36.00 | 16.30 | 13.2 | 151.5 |
| KP04-323 | 68.00 | 73.20 | 5.20 | 11.2 | 242.4 |
| KP04-354 | 141.90 | 145.60 | 3.70 | 11.4 | 340.5 |
| KP04-364 | 106.10 | 113.20 | 7.10 | 16.4 | 62.0 |
| Plus | 133.6 | 137.7 | 4.10 | 26.0 | 836.0 |
2
South Zone
A total of 39 holes totaling 5,500 metres have been drilled in the South Zone to date in 2004. Hole 338 is the most significant of these holes as it contains 11.0 g/t gold and 182 g/t silver over 16.1 metres from 45.4 to 61.5 metres. This intersection is approximately 100 metres east of the expected location of the South Zone and may represent the continuation of the main vein from Big Bend offset by faulting to the east. If this is the case, then the South Zone and South Zone Extension drilling has not been on the main vein but on a southern continuation of another vein located west of the main structures. Drilling is ongoing.
Selected results are as follows:
| South Zone | FROM | TO | LENGTH | GOLD | SILVER |
| Hole # | (metres) | (metres) | (metres) | (g/t) | (g/t) |
| KP04-283 | 25.80 | 29.00 | 3.20 | 18.9 | 86.4 |
| KP04-288 | 169.70 | 170.35 | 0.65 | 20.5 | 222.8 |
| Plus | 177.50 | 180.50 | 3.00 | 13.3 | 368.4 |
| Plus | 194.00 | 197.60 | 3.60 | 17.2 | 198.9 |
| KP04-294 | 52.70 | 55.20 | 2.50 | 23.2 | 156.3 |
| KP04-334 | 51.30 | 52.60 | 1.30 | 22.4 | 140.2 |
| KP04-338 | 45.40 | 61.50 | 16.10 | 11.01 | 181.7 |
| Plus | 183.40 | 188.70 | 5.30 | 18.4 | 167.1 |
Big Bend Zone
A total of 99 holes (including infill, geotech, metallurgical, and detailed drilling) totaling 13,800 metres have been completed in the Big Bend Zone. Significant infill results are in the table below and continue to confirm the high grades contained in the Big Bend Zone.
Detailed drilling is underway on a high grade portion of the Big Bend Zone on 5x10 metre centres along 100 metres of strike length and to 25 metres depth, to calculate dilution and to determine short range high grade continuity. Results to date (see table below) outline the strong grade continuity in the high grade portion of Big Bend.
In addition, as mentioned in the last release, as part of the dilution and grade continuity exercise, 700 metres of Big Bend and South Zone have been exposed along strike on surface through trenching. Samples have been taken across the vein every 5 metres. Results again indicate strong grade continuity.
Big Bend infill drilling results are as follows:
| Big Bend | FROM | TO | LENGTH | GOLD | SILVER |
| Hole # | (metres) | (metres) | (metres) | (g/t) | (g/t) |
| KP04-264 | 194.50 | 201.00 | 6.50 | 25.9 | 300.7 |
3
| KP04-266 | 85.95 | 97.70 | 11.75 | 31.5 | 324.3 |
| Plus | 102.20 | 109.25 | 7.05 | 37.1 | 105.8 |
| KP04-269 | 59.35 | 67.40 | 8.05 | 45.7 | 387.5 |
| KP04-282 | 90.70 | 99.90 | 9.20 | 72.8 | 832.0 |
| KP04-285 | 157.20 | 162.60 | 5.40 | 112.4 | 1,493.3 |
| KP04-289 | 295.25 | 307.00 | 11.75 | 30.1 | 705.9 |
| KP04-317 | 154.50 | 159.70 | 5.20 | 14.3 | 101.7 |
| KP04-339 | 203.25 | 214.15 | 10.90 | 16.3 | 381.3 |
| KP04-351 | 144.25 | 150.20 | 5.95 | 114.3 | 1103.8 |
| KP04-357 | 243.00 | 250.45 | 7.45 | 31.7 | 531.8 |
Big Bend Detailed Drilling results are as follows:
| KP04-272 | 3.80 | 12.80 | 9.00 | 143.1 | 1,288.1 |
| KP04-273 | 13.50 | 21.05 | 7.55 | 184.1 | 1,231.1 |
| KP04-274 | 6.70 | 15.50 | 8.80 | 70.5 | 736.1 |
| KP04-275 | 10.10 | 21.20 | 11.10 | 120.9 | 702.6 |
| KP04-276 | 5.10 | 15.90 | 10.80 | 40.0 | 402.7 |
| KP04-277 | 9.80 | 27.95 | 18.15 | 56.0 | 392.4 |
| KP04-278 | 0.00 | 13.78 | 13.78 | 36.5 | 362.6 |
| KP04-304 | 21.00 | 27.10 | 6.10 | 59.1 | 655.8 |
| KP04-305 | 22.50 | 31.40 | 8.90 | 55.4 | 537.5 |
| Plus | 37.00 | 37.70 | 0.70 | 27.1 | 321.5 |
| KP04-306 | 16.15 | 22.00 | 5.85 | 94.0 | 996.7 |
| Plus | 23.85 | 26.40 | 2.55 | 27.5 | 208.3 |
| KP04-307 | 18.40 | 36.75 | 18.35 | 51.9 | 552.0 |
| KP04-308 | 15.50 | 31.50 | 16.00 | 41.8 | 443.3 |
| KP04-310 | 10.20 | 20.30 | 10.10 | 85.8 | 708.2 |
| KP04-311 | 16.00 | 30.10 | 14.10 | 73.2 | 697.5 |
| KP04-312 | 18.70 | 44.90 | 26.20 | 28.7 | 265.4 |
| KP04-325 | 6.45 | 10.85 | 4.40 | 39.7 | 255.9 |
| KP04-326A | 11.60 | 13.00 | 1.40 | 76.7 | 1266.5 |
| Plus | 17.00 | 32.25 | 15.25 | 55.7 | 492.5 |
| KP04-327 | 4.50 | 13.55 | 9.05 | 68.1 | 332.5 |
| KP04-328 | 5.45 | 16.60 | 11.15 | 53.2 | 348.0 |
| KP04-329 | 21.70 | 35.00 | 13.30 | 47.5 | 432.0 |
| KP04-330 | 30.80 | 43.90 | 13.10 | 31.4 | 296.4 |
| KP04-331 | 18.20 | 24.70 | 6.50 | 51.7 | 348.2 |
4
| KP04-332 | 22.90 | 32.50 | 9.60 | 71.1 | 1048.4 |
| KP04-341 | 8.00 | 20.50 | 12.50 | 38.1 | 299.9 |
| KP04-342 | 5.30 | 16.30 | 11.00 | 63.5 | 389.3 |
| KP04-343 | 17.50 | 25.75 | 8.25 | 87.7 | 323.4 |
| KP04-344 | 24.20 | 33.40 | 9.20 | 67.6 | 360.1 |
| KP04-345 | 14.10 | 21.00 | 6.90 | 72.3 | 571.1 |
| KP04-346 | 12.00 | 28.40 | 16.40 | 99.8 | 978.5 |
| KP04-347 | 15.50 | 32.50 | 17.00 | 47.2 | 403.8 |
Additional Big Bend trenching detailed results are as follows:
| | FROM | TO | LENGTH | GOLD | SILVER |
| Hole # | (metres) | (metres) | (metres) | (g/t) | (g/t) |
| TP90850.1 | 0.00 | 2.08 | 2.08 | 10.7 | 96.7 |
| TP90850.2 | 0.52 | 0.91 | 0.39 | 6.9 | 73.80 |
| TP90860 | 0.00 | 3.25 | 3.25 | 20.01 | 133.3 |
| TP90870 | 0.75 | 3.41 | 2.66 | 7.9 | 47.5 |
| TP90880.1 | 1.25 | 2.57 | 1.32 | 17.6 | 77.2 |
| TP90890 | 1.42 | 6.61 | 5.19 | 49.0 | 212.7 |
| TP90900 | 1.43 | 4.93 | 3.50 | 88.9 | 706.6 |
| TP90910 | 1.46 | 4.10 | 2.64 | 40.0 | 535.9 |
| TP90920.1 | 2.01 | 4.46 | 2.45 | 36.40 | 284.6 |
| TP90930.1 | 1.76 | 6.72 | 4.96 | 65.8 | 558.8 |
| TP90940.1 | 2.41 | 7.01 | 4.60 | 52.5 | 486.3 |
| TP91010.2 | 1.87 | 7.42 | 5.55 | 52.50 | 454.9 |
| TP91020 | 0.97 | 7.37 | 6.40 | 64.3 | 614.0 |
| TP91035 | 1.02 | 8.36 | 7.34 | 28.40 | 348.8 |
| TP91040 | 1.11 | 8.73 | 7.62 | 83.2 | 403.7 |
| TP91045 | 0.00 | 9.63 | 9.63 | 68.3 | 767.3 |
| TP91050 | 0.50 | 10.43 | 9.93 | 49.8 | 498.4 |
Drilling is ongoing at Kupol. The current plan is to complete infill drilling in early October and apply all seven drill rigs to exploration for the month of October, focusing on the newly discovered vein to the South, the North and North Extension Zone and parallel veins. Three rigs will continue exploration drilling through the end of Novemeber.
5
The following table shows the location of the drill holes drilled to date.
| HOLE-ID | LOCATION
X | LOCATION
Y | LOCATION
Z | LENGTH | SECTION | AZIMUTH | DIP |
| KP04-264 | 77,100.56 | 90,700.21 | 566.04 | 270.0 | 90700 | 271.4 | -55.4 |
| KP04-265 | 77,083.82 | 90,875.11 | 594.03 | 96.5 | 90875 | 268.4 | -55.0 |
| KP04-266 | 77,114.44 | 91,012.64 | 618.23 | 133.5 | 91025 | 273.8 | -57.0 |
| KP04-267 | 77,132.11 | 92,350.10 | 604.27 | 248.0 | 92350 | 271.6 | -55.1 |
| KP04-268 | 77,077.34 | 92,250.05 | 616.54 | 236.0 | 92250 | 266.4 | -53.6 |
| KP04-269 | 77,099.42 | 91,050.08 | 627.44 | 94.8 | 91050 | 273.4 | -54.4 |
| KP04-270 | 76,910.01 | 90,499.67 | 556.76 | 76.0 | 90500 | 272.3 | -54.9 |
| KP04-271 | 77,158.05 | 90,950.33 | 607.97 | 158.4 | 90950 | 274.7 | -64.1 |
| KP04-271A | 77,158.05 | 90,952.15 | 607.81 | 6.0 | 90950 | 273.0 | -64.9 |
| KP04-272 | 77,053.76 | 90,949.83 | 609.25 | 22.0 | 90950 | 269.3 | -44.5 |
| KP04-273 | 77,054.82 | 90,949.83 | 609.28 | 27.0 | 90950 | 270.1 | -61.6 |
| KP04-274 | 77,056.42 | 90,960.14 | 610.59 | 21.0 | 90950 | 272.6 | -43.4 |
| KP04-275 | 77,057.27 | 90,960.12 | 610.69 | 28.5 | 90960 | 273.3 | -58.6 |
| KP04-276 | 77,058.67 | 90,969.97 | 612.03 | 24.0 | 90970 | 270.9 | -43.1 |
| KP04-277 | 77,059.32 | 90,970.03 | 611.56 | 33.5 | 90970 | 276.9 | -68.8 |
| KP04-278 | 77,058.68 | 90,980.07 | 613.05 | 130.0 | 90980 | 270.1 | -42.7 |
| KP04-279 | 77,160.53 | 91,413.02 | 657.19 | 155.0 | 91413 | 269.7 | -54.4 |
| KP04-280 | 77,077.66 | 92,250.06 | 616.68 | 266.0 | 92250 | 266.8 | -63.2 |
| KP04-281 | 77,131.91 | 92,350.10 | 604.05 | 285.5 | 92350 | 271.6 | -60.4 |
| KP04-282 | 77,096.05 | 90,924.63 | 604.52 | 120.0 | 90925 | 270.9 | -53.8 |
| KP04-283 | 76,989.65 | 90,549.03 | 555.38 | 162.0 | 90550 | 271.3 | -54.9 |
| KP04-284 | 77,144.83 | 92,250.15 | 615.95 | 397.0 | 92250 | 269.8 | -64.3 |
| KP04-285 | 77,096.42 | 90,924.59 | 604.40 | 185.0 | 90925 | 270.5 | -73.8 |
| KP04-286 | 77,132.20 | 92,350.07 | 604.12 | 335.0 | 92350 | 272.6 | -69.6 |
| KP04-287 | 77,077.17 | 91,874.84 | 654.49 | 88.6 | 91875 | 269.5 | -53.6 |
| KP04-288 | 77,063.43 | 90,597.78 | 554.96 | 282.0 | 90600 | 269.5 | -53.5 |
| KP04-289 | 76,910.70 | 91,149.86 | 652.43 | 327.0 | 91150 | 91.4 | -45.7 |
| KP04-290 | 77,134.17 | 91,874.78 | 653.13 | 165.5 | 91875 | 271.9 | -55.1 |
| KP04-291 | 76,837.49 | 92,174.85 | 665.54 | 332.0 | 92175 | 91.1 | -50.1 |
| KP04-292 | 76,859.11 | 91,924.96 | 679.56 | 329.0 | 91925 | 91.0 | -45.0 |
| KP04-293 | 76,845.73 | 90,579.83 | 572.02 | 193.0 | 90580 | 87.8 | -46.3 |
| KP04-294 | 77,002.24 | 90,575.14 | 557.05 | 165.0 | 90575 | 273.0 | -55.9 |
| KP04-295 | 76,868.00 | 91,150.00 | 650.00 | 31.0 | 91150 | 90.0 | -47.0 |
| KP04-295A | 76,869.02 | 91,151.20 | 651.89 | 451.8 | 91150 | 87.3 | -46.5 |
| KP04-296 | 77,052.08 | 91,924.67 | 653.25 | 68.4 | 91925 | 266.5 | -55.4 |
| KP04-297 | 76,969.66 | 91,306.84 | 661.11 | 198.5 | 91307 | 89.9 | -48.8 |
| KP04-298 | 77,096.57 | 91,924.63 | 648.46 | 123.6 | 91925 | 275.3 | -54.8 |
| KP04-299 | 77,158.29 | 91,850.07 | 653.58 | 224.0 | 91850 | 268.7 | -59.3 |
| KP04-300 | 76,978.04 | 91,524.98 | 668.25 | 269.0 | 91525 | 91.1 | -51.9 |
| KP04-301 | 76,848.75 | 90,499.82 | 555.65 | 240.0 | 90500 | 88.5 | -46.8 |
| KP04-302 | 77,169.38 | 91,462.42 | 655.79 | 158.0 | 91475 | 270.7 | -54.6 |
| KP04-303 | 77,134.14 | 91,924.33 | 643.83 | 175.1 | 91925 | 273.5 | -54.3 |
| KP04-304 | 77,060.26 | 90,950.02 | 608.35 | 35.5 | 90950 | 281.6 | -54.0 |
| KP04-305 | 77,060.26 | 90,950.02 | 608.35 | 41.0 | 90950 | 281.6 | -60.7 |
| KP04-306 | 77,060.26 | 90,959.97 | 609.07 | 32.0 | 90960 | 270.2 | -53.9 |
| KP04-307 | 77,060.60 | 90,959.91 | 609.18 | 41.0 | 90960 | 269.9 | -63.3 |
| KP04-308 | 77,064.91 | 90,970.13 | 609.96 | 37.5 | 90970 | 276.1 | -56.4 |
| KP04-309 | 77,065.29 | 90,970.12 | 609.93 | 59.5 | 90970 | 275.9 | -65.0 |
| KP04-310 | 77,064.74 | 90,979.92 | 611.28 | 50.0 | 90980 | 270.2 | -45.2 |
6
| KP04-311 | 77,065.53 | 90,979.92 | 611.21 | 38.0 | 90980 | 270.3 | -60.9 |
| KP04-312 | 77,065.62 | 90,979.92 | 611.11 | 48.0 | 90980 | 271.5 | -70.6 |
| KP04-313 | 77,223.39 | 91,324.68 | 655.25 | 41.0 | 91325 | 269.9 | -51.1 |
| KP04-313A | 77,224.08 | 91,324.70 | 655.17 | 275.0 | 91325 | 270.3 | -61.5 |
| KP04-314 | 76,979.84 | 90,600.17 | 563.26 | 120.8 | 90600 | 275.3 | -53.0 |
| KP04-315 | 77,091.46 | 90,975.05 | 609.98 | 100.0 | 90975 | 272.0 | -53.7 |
| KP04-316 | 77,122.97 | 92,450.57 | 590.70 | 170.0 | 92450 | 273.9 | -51.3 |
| KP04-317 | 76,927.40 | 90,619.50 | 578.13 | 185.0 | N/A | 37.0 | -42.6 |
| KP04-318 | 77,051.86 | 91,973.48 | 646.77 | 72.5 | 91975 | 273.4 | -54.3 |
| KP04-319 | 77,073.94 | 92,200.20 | 621.67 | 220.0 | 92200 | 270.3 | -62.8 |
| KP04-320 | 76,899.80 | 90,834.86 | 627.72 | 160.0 | 90835 | 89.6 | -49.8 |
| KP04-321 | 76,947.52 | 90,599.98 | 572.18 | 80.0 | 90600 | 278.3 | -54.0 |
| KP04-322 | 77,123.74 | 92,450.70 | 590.76 | 230.0 | 92450 | 271.0 | -64.3 |
| KP04-323 | 77,082.40 | 91,999.51 | 642.56 | 120.0 | 92000 | 268.0 | -55.2 |
| KP04-324 | 76,947.11 | 90,836.08 | 623.17 | 100.0 | 90835 | 267.0 | -60.9 |
| KP04-325 | 77,065.41 | 91,009.97 | 618.14 | 14.4 | 91010 | 271.0 | -44.7 |
| KP04-326 | 77,065.89 | 91,009.94 | 618.22 | 40.0 | 91010 | 270.8 | -59.0 |
| KP04-326A | 77,065.96 | 91,009.97 | 618.21 | 42.0 | 91010 | 272.3 | -62.4 |
| KP04-327 | 77,061.07 | 91,019.76 | 620.09 | 18.0 | 91020 | 271.5 | -44.7 |
| KP04-328 | 77,061.61 | 91,019.78 | 619.99 | 31.5 | 91020 | 271.5 | -59.9 |
| KP04-329 | 77,070.83 | 91,009.93 | 618.03 | 42.0 | 91010 | 271.9 | -57.0 |
| KP04-330 | 77,071.37 | 91,009.90 | 618.04 | 48.0 | 91010 | 270.5 | -67.0 |
| KP04-331 | 77,070.96 | 91,019.85 | 619.51 | 31.5 | 91020 | 272.2 | -43.4 |
| KP04-332 | 77,070.46 | 91,019.85 | 619.62 | 37.5 | 91020 | 272.2 | -56.0 |
| KP04-333 | 77,354.47 | 92,850.06 | 538.52 | 620.0 | 92850 | 267.2 | -60.0 |
| KP04-334 | 76,979.11 | 90,400.20 | 534.94 | 150.0 | 90400 | 269.0 | -54.1 |
| KP04-335 | 77,092.42 | 92,200.22 | 621.98 | 362.0 | 92200 | 268.0 | -64.2 |
| KP04-336 | 76,997.46 | 90,625.44 | 563.08 | 125.0 | 90625 | 276.8 | -55.3 |
| KP04-337 | 77,028.27 | 92,074.75 | 640.17 | 53.5 | 92075 | 266.4 | -56.0 |
| KP04-338 | 77,011.62 | 90,449.83 | 538.84 | 264.7 | 90450 | 269.5 | -54.3 |
| KP04-339 | 77,166.43 | 90,862.47 | 591.91 | 235.0 | 90863 | 271.6 | -58.7 |
| KP04-340 | 77,120.25 | 92,200.18 | 621.74 | 408.5 | 92200 | 262.3 | -64.9 |
| KP04-341 | 77,062.95 | 91,050.21 | 628.28 | 36.0 | 91050 | 272.5 | -61.1 |
| KP04-342 | 77,071.62 | 91,049.91 | 628.20 | 25.0 | 91050 | 273.9 | -43.2 |
| KP04-343 | 77,062.02 | 91,050.15 | 628.31 | 28.3 | 91050 | 272.5 | -43.5 |
| KP04-344 | 77,072.53 | 91,049.83 | 628.39 | 40.5 | 91050 | 273.9 | -61.2 |
| KP04-345 | 77,065.32 | 91,009.89 | 618.52 | 31.5 | 91010 | 274.8 | -43.0 |
| KP04-346 | 77,064.95 | 90,979.89 | 610.53 | 42.0 | 90980 | 274.3 | -58.0 |
| KP04-347 | 77,065.34 | 90,979.79 | 610.41 | 47.5 | 90980 | 274.2 | -71.2 |
| KP04-348 | 77,084.00 | 92,300.00 | 609.00 | In progress | 92300 | 270.0 | -52.0 |
| KP04-349 | 77,074.97 | 92,074.64 | 634.60 | 140.0 | 92075 | 269.1 | -53.7 |
| KP04-350 | 76,827.98 | 90,275.75 | 547.48 | 81.0 | 90275 | 271.0 | -55.7 |
| KP04-351 | 77,148.08 | 90,862.42 | 591.33 | 199.0 | 90863 | 267.7 | -48.2 |
| KP04-352 | 77,069.82 | 90,457.09 | 537.44 | 400.0 | 90450 | 267.0 | -60.1 |
| KP04-353 | 76,989.80 | 90,639.48 | 564.52 | 26.9 | 90640 | 276.9 | -54.7 |
| KP04-354 | 77,116.67 | 92,049.82 | 635.51 | 192.0 | 92050 | 265.0 | -54.7 |
| KP04-355 | 77,107.85 | 90,899.73 | 598.01 | 139.5 | 90900 | 270.7 | -54.9 |
| KP04-356 | 76,992.51 | 90,639.27 | 564.40 | 42.0 | 90640 | 278.5 | -67.0 |
| KP04-357 | 77,228.56 | 91,050.00 | 634.07 | 267.0 | 91050 | 272.5 | -50.4 |
| KP04-358 | 77,120.52 | 92,201.83 | 622.21 | 389.0 | 92200 | 261.5 | -67.0 |
| KP04-359 | 76,995.61 | 90,638.95 | 564.43 | 73.5 | 90640 | 278.1 | -54.9 |
| KP04-360 | 76,998.58 | 90,638.66 | 564.44 | 60.0 | 90640 | 273.3 | -55.3 |
| KP04-361 | 77,334.78 | 92,950.32 | 511.21 | 494.0 | 92950 | 271.5 | -55.3 |
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| KP04-362 | 76,988.43 | 90,639.09 | 564.56 | 34.0 | 90640 | 274.2 | -47.9 |
| KP04-363 | 77,262.65 | 91,400.11 | 650.42 | 320.0 | 91400 | 265.8 | -58.9 |
| KP04-364 | 77,099.31 | 92,087.85 | 632.12 | 190.0 | 92088 | 272.4 | -54.7 |
| KP04-365 | 76,991.54 | 90,649.50 | 565.29 | 60.8 | 90650 | 274.5 | -54.3 |
All results released in this news release have been validated by BSDlO. Quality Control Program ("QC") which has been designed in concert with an independent consultant to meet or exceed the requirements of N1 43-101. This QC program includes the use of certified standard reference samples, coarse field blank material and duplicate sampling. Tom Garagan, Vice President of Exploration for Bema Gold Corporation, is the Qualified Person for this exploration project.
The Kupol project is a joint venture between Bema and the Government of Chukotka. Bema has the option to earn a 75% interest in the property from the Government.
"Clive T. Johnson"
Chairman, C.E.O., & President
On Behalf of BEMA GOLD CORPORATION
For further information please contact Bema Gold:
| Ian MacLean | Derek Iwanaka |
| Manager, Investor Relations | Investor Relations |
| 604-681-8371, investor@bemagold.com | 604-681-8371, investor@bemagold.com |
Bema Gold Corporation trades on the Toronto Stock Exchange and the American Stock Exchange. Symbol: BGO. Bema shares also trade on the London Stock Exchange's Alternative Investment Market(AIM). Symbol: BAU.
Some of the statements contained in this release are "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding: the Company's projections regarding annual gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; and other risks and uncertainties detailed in the Company's Form 40-F Annual Report for the year ended December 31, 2003, which has been filed with the Securities and Exchange Commission, and the Company's Renewal Annual Information Form for the year ended December 31, 2003, which is an exhibit to the Company's Form 40-F and is available under the Company's name at www.sedar.com. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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