BEACONSFIELD GOLD IL

Bendigo Mining (ASX: BDG) and BCD Resources (ASX: BCD) have entered into a Scheme of Arrangement to merge the companies to create a larger, gold mining business. Bendigo will acquire all of the ordinary shares in BCD. BCD shareholders will receive 0.72 Bendigo shares for each BCD share held which, based on the last closing prices, implies a combined market capitalisation of A$162 million. The merger is unanimously recommended by the BCD directors in the absence of a superior proposal and subject to scheme is in the best interests of BCD shareholders. The merger offer ratio of 0.72 Bendigo shares for every BCD shares implies an offer price of 14.4 cents per BCD share, a premium of 44 per per cent to BSC's closing price. The merger would combine Bendigo’s production and strong balance sheet with BCD’s high grade Tasmania Mine. Bendigo has acquired a relevant interest in 19.92% of BCD’s ordinary shares from BCD’s largest shareholder, Malaysia Smelting Corporation Berhad.

erreicht, aber BCD steht viel besser da als damals

Fast eine Jahresproduktion High Grade Material, dürfe die Produktionkosten deutlich senken wenn auf einmal noch ein Drittel der Erzmenge bewegt werden muss, um das gleich Ergebnis zu erzielen- dazu kommt noch eine günstigere Abbaumethode- vielleicht auf 700AUD/Oz. Recent drilling adds 66,000 oz of high-grade resources (18.9 g/t gold) at the Tasmania Mine 28 May 2010 ASX Announcement • Interim JORC resource for the new Western Zone as at 26 May 2010 estimated to be 155,000 tonnes at 16.0 g/t gold containing 80,000 ounces • Represents an additional 66,000 ounces or 12% increase on December 2009 total Tasmania Reef resources of 571,000 ounces • Proximity of Western Zone to existing underground development will facilitate early development • Best Western Zone hole to date, J26, intersects 46.7 g/t gold over 11.4m downhole, including 115.7 g/t over 2.7m • Two underground rigs drilling to further extend gold resources BCD Resources CEO, Bill Colvin said: “It is very pleasing to announce an addition of 66,000 ounces to our December 2009 gold resources as a result of our on-going drilling campaign. Importantly the additional resources are very high grade at 18.9 g/t. This new Western Zone is much thicker than typical Tasmania Reef mineralisation. We plan to extract it using our new radial-in-reef, remote mining method which offers substantial cost savings over our previous remote mining method. The new mining method, the ore thickness and the high gold grade indicate that mining of the Western Zone should be very profitable.” An on-going campaign of underground diamond drilling is delineating high grade ore in the western area of the Tasmania Mine, now known as the Western Zone. The Western Zone is close to existing underground development as shown in Figure 1. As considerable potential exists to add further high grade mineralisation to the resource, drilling has been accelerated with the manning of an additional diamond drill crew. Results of further significant intersections will be released as they become available. Resource Statement An interim Resource Statement for the Western Zone has been independently prepared by Coffey Mining, using ordinary kriging to estimate grade. The Identified Mineral Resource for the Western Zone of the Tasmania Reef, using a 6.0 g/t gold cut-off, as at 26 May 2010 is shown in Table 1. The total Tasmania Reef Resource as at 31 December 2009 was 571,000 ounces. At that time, the resource estimate included 46,800 tonnes at 9.3 g/t gold for 14,000 ounces in respect of the Western Zone. The increase for the Western Zone since 31 December 2009 therefore is 108,000 tonnes at 18.9 g/t for 66,000 ounces of gold. Development Plans The discovery of the thick, high-grade Western Zone promises to substantially improve the profitability of future mining operations at the Tasmania Mine. The Western Zone is only 130m along strike from existing mine workings (refer Figure 1) and several alternatives to access the area for early production are currently being assessed. For further information contact: Bill Colvin – Chief Executive Officer BCD Resources NL t: 61-3-9909-7401 e: enquiries@bcdresources.com.au w: www.bcdresources.com.au

aber mal abwarten wie die nächsten Tage laufen.