(COMTEX)     B: Bema Arranges CDN$3 Million Flow Through Private Placement/
B: Bema Arranges CDN$3 Million Flow Through Private Placement/ Plans to List on
The London Stock Exchange
 
VANCOUVER, Jul 11, 2002 (Canada NewsWire via COMTEX) -- Bema Gold Corporation
("Bema") is pleased to announce that it has arranged a brokered flow-through
private placement with Canaccord Capital Corporation, Haywood Securities Inc.,
Sprott Securities Inc. and Dundee Securities Corporation. Bema will issue
1,304,348 flow through shares at $2.30 for gross proceeds of CDN$ 3 million.
Proceeds from this financing will be used for exploration at the high-grade
Monument Bay gold property in northeastern Manitoba. For more information on the
planned exploration program please refer to the news release dated July 9, 2002.
 
Bema is also pleased to announce that the Company is seeking admission to AIM on
the London Stock Exchange. Canaccord Capital Corporation (Europe) has been
appointed as the Nominated Advisor and broker for the flotation of the Company's
shares on AIM. It is expected that the common shares of Bema will commence
trading on the London Stock Exchange in the fourth quarter of 2002. The Company
believes that the London listing will be of benefit to its many European
shareholders and will enhance Bema's exposure to European institutions and
financing opportunities.
 
 
     On behalf of BEMA GOLD CORPORATION
 
     "Clive T. Johnson"
     Chairman, C.E.O., & President
 
The Toronto Stock Exchanges neither approves nor disapproves the information
contained in this News Release, Bema Gold Corporation trades on The Toronto and
American stock exchanges. Symbol: BGO.
 
Some of the statements contained in this release are forward-looking statements,
such as estimates and statements that describe the Company's future plans,
objectives or goals, including words to the effect that the Company or
management expects a stated condition or result to occur. Since forward-looking
statements address future events and conditions, by their very nature, they
involve inherent risks and uncertainties. Actual results in each case could
differ materially from those currently anticipated in such statements.
 
VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION:
newswire.ca
 
 
 CONTACT:          For further information: on Bema Gold please contact Investor
Relations
                   at (604) 681-8371 or toll-free 1-800-316-8855 or alternativel
 contact our
                   web-site at www.bema.com;
                   To request a free copy of this organization's annual report,
lease go to
                   newswire.ca and click on reports(at)cnw.
 
 News release via Canada NewsWire, Vancouver 604-669-7764
 
 Copyright (C) 2002 CNW, All rights reserved
 
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 KEYWORD:          VANCOUVER
 INDUSTRY KEYWORD: MNG
 
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