BAU Bema Npv

RNS Number:2863C
Bema Gold Corporation
25 August 2004



                                  News Release

         Bema Gold Responds to "Mini Tender" Offer by TRC Capital Corp.

Vancouver, British Columbia - August 24, 2004 - Bema Gold Corporation (TSX /
AMEX: BGO) (AIM: BAU) ("Bema Gold") has received notification of an unsolicited,
below-market "mini tender" offer made to its shareholders by TRC Capital Corp.
("TRC") of Toronto. The offering documentation, dated August 5, 2004, indicates
that TRC has offered to purchase up to 12.5 million common shares of Bema Gold,
representing approximately 3.5 percent of Bema Gold's outstanding share capital
for a price of $2.90 per share in cash. Bema Gold does not in anyway recommend
or endorse TRC's "mini tender" offer.

All dollar figures are stated in Canadian dollars unless otherwise indicated

Shareholders are cautioned that the offer has been made at a discount of
approximately 3.7 percent below the stock's closing price of $3.01 on the
Toronto Stock Exchange, August 4, 2004, the day before TRC commenced the offer.
The offer price is below today's closing price of $3.18. Shareholders are also
advised that TRC has reserved the right to amend the terms of its offer, extend
its offer, or withdraw its offer at any time at its discretion. Bema Gold
advises shareholders to consult their investment advisors and exercise extreme
caution in evaluating the TRC offer, and to take into account the offer price in
comparison to the market price of Bema Gold common shares.

The Securities and Exchange Commission has issued an investor alert about "mini
tender" offers on its web site at www.sec.gov/investor/pubs/minitend.htm. The
SEC states that "mini tender" offers "have been increasingly used to catch
investors off guard" and that investors "may end up selling their securities at
below market prices." Bema Gold shareholders should be aware that many of the
SEC's tender offer rules do not apply to "mini tender" offers. Bema Gold
shareholders are cautioned that TRC has previously made numerous below market
"mini tender" offers for shares of other companies.

Bema Gold shareholders who have already tendered their shares to TRC may
withdraw them by prescribed written notice and procedures at any time before the
scheduled expiration of the offer, which is 12:01am (Eastern Standard Time) on
September 3, 2004. Shareholders may also withdraw their shares as set forth in
TRC's offer to purchase.

Bema Gold is an intermediate gold producer with operating mines and development
projects on four continents. Bema Gold's objective is to increase annual gold
production to over one million ounces from existing assets by the year 2008.

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

On Behalf of BEMA GOLD CORPORATION


"Clive T. Johnson"

Chairman, C.E.O., & President

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, 2002, which has been filed with the Securities
and Exchange Commission, and the Company's Renewal Annual Information Form for
the year ended December 31, 2002, 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.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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