BAU Bema Npv

RNS Number:4653E
Bema Gold Corporation
26 October 2004



                                  News Release

Bema Completes CDN$5 Million Non-Brokered Flow Through Private Placement

Vancouver, October 25, 2004 - Bema Gold Corporation (TSX / AMEX: BGO, AIM: BAU)
is pleased to announce the completion of a non-brokered flow through private
placement. Bema has issued 1,250,000 flow through shares at a price of $4.00 per
share for gross proceeds of $5 million. The shares were priced at a 27.4 %
percent premium to the September 9, 2004 closing price of $3.14. Proceeds from
this financing will be used for exploration at the high-grade Monument Bay gold
property in northeastern Manitoba.

All dollar figures are stated in Canadian dollars unless otherwise indicated.

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.

This news release is not for dissemination in the United States or through U.S.
newswire services.

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.




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

END
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