RNS Number:3299Q
Bema Gold Corporation
30 September 2003



30 September 2003


        Bema Gold Corporation lists on the Alternative Investment Market
                          of the London Stock Exchange
                    and becomes AIM's second largest company


Bema Gold Corporation ("the Company"), the Toronto Stock Exchange (TSE) and
American Stock Exchange (AMEX) listed Canadian mining company, announced today
that its common shares have been approved for trading on the Alternative
Investment Market (AIM).  The Company's shares commenced trading today on AIM
with an opening price of 156.5p under the symbol "BAU".  Canaccord Capital
(Europe) Limited is acting as the nominated adviser and broker to the Company.


Bema Gold is an intermediate gold producer with operating mines and development
projects in Russia, South Africa, Chile and Canada. Over the last decade Bema
has demonstrated an exceptional exploration track record and the ability to
develop its assets from the exploration phase to production.  The Company's
growth strategy is to increase gold production to over 1 million ounces annually
through the advancement of existing development projects and to acquire other
exploration and development opportunities globally.  Bema has a strong cash
position and enjoys exceptional leverage to increasing gold prices and excellent
liquidity.


Clive Johnson, Chief Executive Officer of Bema Gold, comments: "Listing on AIM
is an integral part of our European Development Strategy.  While Bema has
benefited from a strong European shareholder base for many years, the AIM
listing will give us better exposure to European investors.  Being an
international gold producer, we look forward to being part of the UK market that
is historically renowned for financing mining projects around the world."


Bema operates the Julietta Mine in Russia and the Petrex Mines in South Africa
and is a 50% owner of the Refugio Mine, Chile (currently on care and
maintenance).  In 2003 projected production is 270,000 ounces of gold from
Julietta and Petrex. Bema is expecting to complete a ramp up at Petrex by the
fourth quarter of 2003, bringing the Company's annualized rate of production to
over 300,000 ounces of gold. Furthermore, plans are underway to recommence
production at the Refugio Mine in 2004, increasing projected annual production
to approximately 400,000 ounces of gold.


The operation of the Julietta mine has given Bema valuable experience and a
strong profile in Russia.  Bema is recognised as one of the few Western
companies to have brought international financing to a Russian project and built
a successful mine working with local partners.


Bema has been able to leverage its success with precious metals projects in
Russia and, in late 2002, entered into an agreement with the government of the
Chukotka province in North East Russia to acquire up to a 75% interest in the
high grade Kupol property.


An extensive exploration drilling program has been carried out by Bema in 2003,
confirming that the Kupol property hosts a high grade world class gold and
silver deposit.  Based on the results to date, Bema intends to fast track the
exploration and development of the Kupol Project.




Ends


For further information, please contact:

Clive Johnson (CEO)
Bema Gold Corporation
Tel: 001 604 306 7003


Jerry Korpan (Non Executive Director)
Bema Gold Corporation
Tel: 07768 415 361


Neil Johnson
Canaccord Capital (Europe) Limited
Tel: 020 7518 7372


Simon Robinson / Justine Howarth
Parkgreen Communications Ltd
Tel: 020 7287 5544





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