BE Resources Files SEC Form 15

BE Resources Inc. (TSX VENTURE:BER) ("BER" or the "Company") announced that it
has filed a Form 15 with the Securities and Exchange Commission ("SEC") on July
26, 2012, thereby, voluntarily suspending its reporting obligations under the
Securities Exchange Act of 1934. 


As a result of filing the Form 15, the Company will no longer be required to
file annual and quarterly reports with the SEC. The Company took this action in
order to focus its resources on acquiring mineral resource properties of merit. 


"The Company's common stock will continue to be eligible for public trading on
the TSX Venture Exchange and in the United States through the Financial Industry
Regulatory Authority's Over-the-Counter Bulletin Board. The Company will suspend
all periodic report filing with the SEC, effective immediately." 


"An overwhelming amount of resources have been expended over the past several
years for auditing, filing and legal expenses in the desire to maintain
reporting in the United States of America," stated Jon Pereira, President of BE
Resources Inc. "We are now going to focus all of our energies and resources on
acquiring mineral resource properties of merit. We believe that, using our
resources for this purpose better serves the interests of our shareholders." 


"Our Directors voted for the voluntary deregistration of our common stock after
carefully considering the advantages and disadvantages of continuing
registration. The costs and administrative burdens associated with being a
public company have significantly increased, particularly in light of the
Sarbanes-Oxley requirements. Our Board of Directors determined that the rising
costs of compliance, as well as the substantial demands on management time and
resources, outweigh the benefits we receive from maintaining our registered
status. This step will result in reducing expenses, avoiding higher future
expenses and will enable management to focus more of its time and resources on
strategic long-term growth, operating the Company and enhancing shareholder
value", added Pereira. 


The Company will continue to comply with its continuous disclosure requirements
in Canada through filings under the Company profile on www.sedar.com. 


Cautionary Statement 

Certain statements contained herein constitute "forward-looking statements".
Forward-looking statements look into the future and provide an opinion as to the
effect of certain events and trends on the business. Forward-looking statements
may include words such as "should", "likely", "would", "expectation", "targets",
"potential", "developing" and similar expressions. In addition, information
concerning the interpretation of drilling and survey results and of geology may
be considered forward-looking statements, as such information constitutes a
prediction of what mineralization might be found to be present if and when a
project is actually developed. These forward-looking statements are based on
current expectations and entail various risks and uncertainties. Factors that
could cause results or events to differ materially from current expectations
expressed or implied by the forward-looking statements, include, but are not
limited to, the availability of sufficient financing to fund planned or further
required work in a timely manner and on acceptable terms; changes in project
parameters as plans continue to be refined and other risks. Actual results may
materially differ from expectations, if known and unknown risks or uncertainties
affect our business, or if our estimates or assumptions prove inaccurate.
Readers are cautioned not to place undue reliance on the forward-looking
statements contained in this press release. Except as required by law, BER
assumes no obligation to update or revise any forward-looking statement, whether
as a result of new information, future events or any other reason.

BE Resources Inc. (TSXV:BER)
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