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Besra Issues Secured Promissory Notes for US$300K

February 24, 2014

Besra Gold, Inc announced that it has issued three-month secured promissory notes secured in an aggregate amount of US$300,000 to three lenders, one who is a director of the company.

In a release on Feb. 19, the Company said the issuance was approved by the board of directors with one director having declared his conflict of interest and having abstained from voting.

The lending group will be issued 3,000,000 warrants to acquire common shares at an exercise price of US$0.05 expiring one year from the date of issuance, subject to all necessary regulatory and shareholders approvals, including the TSX.

Funds will be advanced as, and when requested by the Company.

The funds are to be used to cover necessary employee and corporate expenses arising over the next month while production ramps up again and Besra pursues its financing initiatives to conclusion, as disclosed previously in the Company's release dated Jan. 6.

The loan is secured with a general security interest over the company's assets. Interest is payable at 12 percent. The events of default and covenants are customary for a loan of this nature.

Besra is a diversified gold company focused on four advanced properties; the Bau Goldfield in East Malaysia, Bong Mieu and Phuoc Son in Central Vietnam, and Capcapo in the Philippines. Besra expects to expand existing gold production capacity in Vietnam over the next two years and is projecting new production capacity from Bau Central during late 2015 (start up and production forecasts will depend on the result of the current Jugan feasibility, which is scheduled for completion in 2013).

More information:

www.besra.com

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