BE Resources Inc.

BE Resources Inc.

June 25, 2013 13:16 ET

BE Resources Inc. Announces Non-Brokered Private Placement

TORONTO, ONTARIO--(Marketwired - June 25, 2013) - BE Resources Inc., (TSX VENTURE:BER), (the "Company") announces that it intends to carry out, subject to the approval of the TSX Venture Exchange (the "TSXV"), a non-brokered private placement of units of the Company ("Units") to, among other investors, insiders of the Company ("Insiders") for gross proceeds of up to CAD$750,000 (the "Private Placement") at $0.05 per Unit, with each Unit consisting of one common share of the Company (each, a "Share") and one Share purchase warrant (a "Warrant"), with each Warrant exercisable into one further Share at $0.10 for a term of a term of five years from the date of issue. The net proceeds will be used by the Company for general working capital purposes.

A portion of the gross proceeds is expected to be subscribed for by insiders. No commission or finder's fee will be paid in connection with that portion of the Private Placement taken up by insiders. The shares will be offered pursuant to exemptions from prospectus requirements of applicable securities legislation and will be subject to a hold period of four months and a day from their date of issuance.

As Insiders will participate in the Private Placement, any such subscriptions will be considered to be related party transactions within the meaning of TSXV Policy 5.9 which incorporates Multilateral Instrument 61-101 ("MI 61-101"). The Company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(a) of MI 61-101 in respect of such Insider participation.

BE Resources Inc. is listed on the TSX Venture Exchange (symbol "BER"). The number of shares currently outstanding is 10,007,625.

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