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Bema Gold Corporation Refugio Mine Update.

VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Jan. 21, 1997-- Bema Gold Corporation (VSE, TSE, AMEX BGO. ) Bema Gold Corporation ("the Company") reports, Compania Minera Maricunga ("CMM") (50 percent Bema Gold/50 percent Amax Gold), the operator of the Refugio Mine has informed the Company that a union representing a minority of the total Refugio Mine work force has gone on strike commencing January 20 for increased wages and benefits. The Refugio Mine continues in full operation and CMM has taken all necessary steps to ensure operations at the Mine will not be affected by this labour dispute.

The striking workers represent 26 percent of the Refugio Mine total work force. The strike does not affect the remainder of the work force made up of numerous contractors, non-union workers and temporary employees.

CMM believes the offer made to the union prior to the strike addressed in a fair and reasonable manner the issues raised by the union. Management awaits a response from the union and is confident the dispute can be resolved in the near term.

--On Behalf of BEMA GOLD CORPORATION Clive T. Johnson, Chairman, C.E.O. & President -0- The Vancouver and Toronto Stock Exchanges neither approve nor disapprove the information contained in this News Release.

CONTACT: Bema Gold Corporation

John Anderson, 604/681-8371
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Publication:Business Wire
Date:Jan 21, 1997
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