BE Resources Provides Corporate Update

BE Resources Inc. (TSX VENTURE:BER) ("BER" or the "Company") announced that it
continues to search for a suitable new project for the Company and to review its
options for its New Mexico beryllium project which has been placed on care and
maintenance. Due to the current difficult economic environment, BER has
determined not to limit its search for a new project to the mining and resource
sector and is broadening its search to include oil and gas, technology or other
opportunities where it may be possible to create shareholder value. 


If a target not in the mining and resource sector is identified through this
process, completion of the acquisition would represent a Change of Business
under TSX Venture Exchange policies. As a result, any such transaction would be
subject to a number of conditions, including TSX Venture Exchange acceptance and
required shareholder approval. 


BER is pleased to announce that it has successfully negotiated a reduction in
the outstanding payables to a major contractor from US$472,000 to US$150,000.
The Company continues to maintain an extremely low cash burn rate. In addition,
BER has terminated several consulting agreements that were in place in order to
further reduce costs and streamline the business. We thank those individuals for
the support and expertise they supplied to BER. 


BER also announces that it has allowed to lapse the previously signed MOU
respecting four mining concessions in Bolivia and that BER will not explore
opportunities in Bolivia at this time due to the uncertainty of the political
environment. 


Cautionary Statements

Certain statements contained in this news release may contain forward-looking
information within the meaning of United States and Canadian securities laws.
Such forward-looking information is identified by words such as "estimates",
"intends", "plans", "expects", "believes", "may" and "will" and include, without
limitation, the statement that the Company continues to search for a suitable
new project for the Company. There can be no assurance that the Company will be
successful in identifying and completing the acquisition of a new project as the
Company will be competing with other companies with greater financial resources.
Actual results and future events could differ materially from such statements.
Factors that could cause actual results to differ materially include, among
others, uncertainties as to metal prices, the state of the capital markets, the
global economy, regulatory requirements and an inability on the part of the
Company to raise the funds necessary to carry out its objectives. Reference is
also made to the risk factors contained in the Company's annual report on Form
10-K for the year ended December 31, 2010. Most of these factors are outside the
control of the Company. Investors are cautioned not to put undue reliance on
forward-looking information. Except as otherwise required by applicable
securities statutes or regulation, the Company expressly disclaims any intent or
obligation to update publicly forward-looking information, whether as a result
of new information, future events or otherwise.

BE Resources Inc. (TSXV:BER)
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