The image, released through Empire magazine, shows the 39-year-old actor playing Moses in the movie, which is directed by Ridley Scott.
The film is a retelling of the Moses story, with Bale taking on the role made most famous by Charlton Heston in the 1956 film The Ten Commandments.
Exodus also stars Breaking Bad's Aaron Paul, Ben Kingsley and Sigourney Weaver.
It has been written by Steven Zaillian (The Girl with the Dragon Tattoo) and is about the escape of the Israelites from Egypt and their eventual settlement in the Promised Land.
It is due to be released in the UK on December 5 and the US on December 12.
Gallery - Christian Bale's transformations:said: "What's interesting to me about Moses isn't the big stuff that everybody knows. It's things like his relationship with Ramesses [II, the pharaoh].
"I honestly wasn't paying attention in school when I was told the story of Moses. Some of the details of his life are extraordinary."
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