Bellhaven's Australian JV Partner Provides Panama Drilling Update

* Reuters is not responsible for the content in this press release.

Tue May 20, 2008 1:45pm EDT 

  PANAMA CITY, PANAMA, May 20 (MARKET WIRE) -- 
 Bellhaven Copper & Gold, Inc. (TSX VENTURE: BHV) ("Bellhaven" or the
"Company") is pleased to announce that its JV partner, Golden Cross
Resources Ltd., has provided a Panama Drilling Update.

    To see attached News Release, please click on the following link:
http://media3.marketwire.com/docs/gcr520.pdf

    About Bellhaven Copper & Gold

    Bellhaven Copper and Gold is Panama's leading exploration company.
Bellhaven controls highly prospective gold and copper concessions,
totaling over 500 square kilometers, that are located in some of the most
mineral-rich regions in the country. Gold has been mined in Panama as far
back as the 1500's, when the Spanish extracted a million ounces of
high-grade ore from the Cana mine. During modern times, the Santa Rosa
and Remance gold mines operated during the 1990's and the Molejon Gold
Project is scheduled to come online in 2008. Bellhaven's Cerro Quema
project is slated for production in 2009. Adding greatly to the strength
of the Company is the fact that many of its senior management and board
members are residents and/or citizens of Panama. These individuals have a
record of success and achievement, and enjoy excellent working
relationships with the government, the native Indian tribes, and within
the worldwide mining community.

    On behalf of the board of directors,

    Julio C. Benedetti, President, CEO

    Additionally, this document may contain certain forward-looking
statements which involve known and unknown risks, delays, and
uncertainties not under the Company's control which may cause actual
results, performance or achievements of the Company to be materially
different from the results, performance or achievements implied by these
forward looking statements.


 
 TSX Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of this news release.

Contacts:
Bellhaven Copper & Gold, Inc.
Julio Benedetti
Corporate Contact
+011(507) 226.3967

Bellhaven Copper & Gold, Inc.
Patrick Abraham
Investor Relations Contact
Toll Free: 1-866-599-5930
Website: www.bellhavencg.com

AGORACOM Investor Relations
http://www.agoracom.com/IR/Bellhaven

Copyright 2008, Market Wire, All rights reserved.

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