The offering was made by way of a prospectus filed in certain Canadian provinces and a registration statement filed with the SEC which has been declared effective by the SEC. A copy of the final prospectus filed in certain Canadian provinces may be obtained by either contacting the underwriter or by accessing the website maintained by the Canadian securities regulatory authorities, SEDAR, at www.sedar.com. A copy of the final prospectus contained in the US registration statement may be obtained by either contacting the Company or by accessing the SEC website, www.sec.gov. This press release shall not constitute an offer to sell or constitute a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. In the United States, please contact the Company at the address for the Company below. In Canada please contact Canaccord Capital Corporation at 161 Bay Street, Suite 3000, Toronto, Ontario (416) 819-7276.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
BE Resources Inc.
David Tognoni
President and Chief Executive Officer
(575) 744-4014

SOURCE: BE Resources Inc.

Interested parties are invited to listen to Canaccord's second quarter fiscal 2010 results conference call with analysts and institutional investors, via a live webcast or a toll free number. The conference call is scheduled for Thursday, November 5, 2009 at 5:00 a.m. (Pacific Time), 8:00 a.m. (Eastern Time) and 1:00 p.m. (UK Time). At that time, senior executives will comment on the results for the second quarter of fiscal 2010 and respond to questions from analysts and institutional investors.

The conference call may be accessed live and archived on a listen-only basis via the Internet at: www.canaccordfinancial.com/EN/NewsEvents/Pages/Events.aspx

    <<
    Analysts and institutional investors can call in via telephone at:
    -  416-646-3096 (within Toronto)
    -  1-800-731-6941 (toll free outside Toronto)
    -  0800-358-0857 (toll free from the United Kingdom)
    >>

A replay of the conference call can be accessed after 7:00 a.m. (Pacific Time), 10:00 a.m. (Eastern Time) and 3:00 p.m. (UK Time) on November 5, 2009 until December 20, 2009 at 416-640-1917 or 1-877-289-8525 by entering passcode 4171691 followed by the pound # sign.

ABOUT CANACCORD FINANCIAL INC.:

An evolution of our company

On September 29, 2009 we announced a rebranding initiative for Canaccord Capital Inc. As of December 1, 2009, we will emerge as Canaccord Financial Inc., listed under the stock symbols CF on the TSX and CF. on AIM.

Through its principal subsidiaries, Canaccord Capital Inc. is a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and global capital markets. Since its establishment in 1950, Canaccord has been driven by an unwavering commitment to building lasting client relationships. We achieve this by generating value through comprehensive investment solutions, brokerage services and investment banking services for our individual, institutional and corporate clients. Canaccord has 32 offices worldwide, including 24 Wealth Management offices located across Canada. Canaccord Adams, the international capital markets division, operates in the U.S., U.K., Canada and Barbados. Canaccord Capital Inc. (CCI) is publicly traded on both the Toronto Stock Exchange and AIM, a market operated by the London Stock Exchange.

SOURCE: Canaccord Capital Inc.

North America Media: Scott Davidson, Managing Director, Global Head of Marketing
& Communications, Phone: (416) 869-3875, email: scott_davidson@canaccord.com; For
investor relations inquiries contact Joy Fenney, Vice President, Investor Relations
& Communications, Phone: (416) 869-3515, email: joy_fenney@canaccord.com; London
Media: Bobby Morse or Ben Willey, Buchanan Communications (London), Phone: +44 (0)
207 466 5000, email: bobbym@buchanan.uk.com; Nominated Adviser and Broker: Marc Milmo
or Jonny Franklin-Adams, Fox-Pitt, Kelton Limited, Phone: +44 (0) 207 663 6000,
email: marc.milmo@fpk.com

Expected next investor conference call information:
Conference Call Date: 11/5/2009
Conference Call Time (ET): 8:00 AM
Conference Call URL: http://www.canaccordfinancial.com/EN/NewsEvents/Pages/Events.aspx