Toronto, Canada: 9 March 2015 - Besra has been advised by the Ontario Securities Commission (OSC) that the company's application for a variation in the terms of the cease trade order (CTO) has been approved.

The revised order, issued by the OSC on 4 March 2015, permits the company to proceed with the proposed CAD15 million financing with Mr George Molyviatis.

The company has received funds of CAD175,000 taking the total to date to CAD744,162.92 and is now expecting an additional CAD200,000 with the remainder of tranche one closing shortly thereafter.

Funds will be utilized to remedy existing defaults with the OSC, specifically the preparation and submission of the 2014 audited accounts and management's discussion and analysis, payments to supplier creditors, financial creditors, project acquisition costs and general working capital.

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