BE Resources Inc. Announces Non-Brokered Private Placement

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
BE Resources Inc.
Carmelo Marrelli
Chief Financial Officer
416-361-0737
carm@marrellisupport.ca
www.beresources.ca

BE Resources Inc. (TSXV:BER)
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