BAU Bema Npv

    FOR:  BEMA GOLD CORPORATION

TSX, AMEX SYMBOL:  BGO
AIM SYMBOL:  BAU

April 3, 2006

Bema Gold Corporation: Key Russian Government Approval Received for Kupol Construction/Cerro Casale
Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 3, 2006) - Bema Gold Corporation
(TSX:BGO)(AMEX:BGO)(AIM:BAU) is pleased to announce that the Company has been notified that the
Russian Federal Government's Federal Agency of Environmental, Technical and Nuclear Supervision (known
as Rosgoteknadzar in Russia) has reviewed and approved the Russian Construction Feasibility Study
(known as a T.E.O.-C in Russia) for the Kupol Project. The T.E.O.-C contains information on geology,
mining, milling, tailings storage, infrastructure, civil defence measures, and environmental
protection.

This approval is a key milestone in the development of the Kupol Project and was an important
condition required by the lenders prior to the draw down of the $400 million Project Loan Facility
arranged for the construction of the Kupol Mine. The Company intends to commence draw down of the loan
later in April.

The mobilization of equipment and supplies for the construction of the Kupol Mine and milling
facilities is well underway. The 2006 development and construction budget at Kupol is $140 million.
The construction program will include; erecting the mill building and permanent 600 man camp and
completing the runway for fixed wing aircraft. In addition, open pit mining and underground
development work will begin in 2006. The mine is scheduled to commence production in mid 2008.

Based on the 2005 Feasibility Study (for details please refer to the press release dated 06/03/05) the
Kupol Mine is projected to produce an average of more than 550,000 ounces of gold and 5.8 million
ounces silver annually over an initial 6.5 year mine life. Using silver as an operating credit, at a
spot silver price of $6.00 per ounce, the operating cash costs are projected at $47 per ounce of gold
and the total cash costs are projected at $88 per ounce of gold.

Cerro Casale Project, Bema 24%, Arizona Star 25%, Placer Dome Inc. (Barrick Gold) 51%

Bema continues to work with Barrick Gold Corporation and Arizona Star Resource Corp. to reach
agreement on the definitive documentation to conclude the agreement in principle announced by Bema,
Arizona Star and Placer Dome on October 26, 2005, whereby Placer Dome agreed to sell its 51% interest
in, joint venture company, Compania Minera Casale to Bema and Arizona Star for contingent payments.
The Company hopes to complete this transaction in the next few weeks.

All dollar figures are in United States dollars.

On Behalf Of Bema Gold Corporation

Clive Johnson, Chairman, CEO, President

Bema Gold Corporation trades on the Toronto Stock Exchange and the American Stock Exchange. Symbol:
BGO. Bema also trades on the London Stock Exchange's Alternative Investments Market. Symbol: BAU.

Some of the statements contained in this release are "forward-looking statements" within the meaning
of Canadian Securities law requirements and 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
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; risks of obtaining required operating permits and other
risks and uncertainties detailed in the Company's Form 40-F Annual Report for the year ended December
31, 2005, which has been filed with the Securities and Exchange Commission, and the Company's Annual
Information Form for the year ended December 31, 2005, which 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.


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FOR FURTHER INFORMATION PLEASE CONTACT:

Bema Gold Corporation
Ian MacLean
Manager, Investor Relations
(604) 681-8371

OR

Bema Gold Corporation
Derek Iwanaka
Investor Relations
(604) 681-8371
investor@bemagold.com
www.bema.com

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Bema Gold Corporation



                                                                

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