VANCOUVER, B.C.--(BUSINESS WIRE)--May 30, 1996--BEMA GOLD CORPORATION (TSE:VSE)(AMEX:BGO) VICTORIA RESOURCE CORP (VSE:VIT) Victoria Resource Corporation ("Victoria") and Bema Gold Corporation ("Bema Gold") announce that Victoria has issued common shares to Bema Gold to settle debt as previously announced on February 3, 1996. Vancouver Stock Exchange approval was received on May 13, 1996 and on May 27, 1996 Victoria issued 513,857 shares at a deemed price of $0.28 as repayment of $143,879.99.

BEMA GOLD CORPORATION Roger Richer Secretary VICTORIA RESOURCE CORPORATION Christine Fowler Secretary -0- NOTE TO EDITORS:The Vancouver and Toronto stock exchanges neither approve nor disapprove the information contained in the News Release. Bema Gold Corporation trades on the Vancouver, Toronto and American stock exchanges, symbol BGO. Victoria Resource Corporation trades on the Vancouver stock exchange, symbol VIT.