Bellhaven Completes ZTEM Survey Ahead of Schedule at La Mina Project, Colombia

Thu Dec 13, 2012 7:30am EST

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

  LA MINA, COLOMBIA, Dec 13 (MARKET WIRE) --
Bellhaven Copper & Gold Inc. (TSX VENTURE:BHV) ("Bellhaven" or the
"Company") is pleased to announce that the first ZTEM (airborne
electro-magnetics) survey in the Middle Cauca Belt of Colombia has been
successfully completed ahead of schedule. The Geotech crew and helicopter
were based out of the La Mina exploration camp, and they worked closely
with the Bellhaven team to accomplish the survey with only 5 days of
flying. This focus and productivity minimized the Company's exposure to
costly stand-by or other possible logistical delays.

    Bellhaven opted to extend the survey by approximately 80 line kilometers
in order to complete coverage over a concession that it is in
negotiations to acquire. The resulting data coverage for Bellhaven's
portion of the survey is approximately 212 line kilometres at 200m line
spacing. The completed helicopter-borne geophysical survey included a
total of 799 flight kilometres, which was shared with a neighboring
exploration company and included minimum 10km line segments. During the
next week, the Company will post photos, videos, and maps pertaining to
the ZTEM survey on its website (www.bellhavencg.com).

    The ZTEM Electromagnetic (EM) system is an innovative technique making
use of naturally occurring or passive EM fields from worldwide
thunderstorm activity as the source of transmitted energy. The passive
source combined with a proprietary receiver design, advanced digital
electronics, and signal processing results in low noise levels,
exceptional resolution, and unparalleled depth penetration. It has been
used successfully to identify and map porphyry style mineral systems from
Alaska to Chile. 

    The data have passed quality control reviews and processing and
interpretation work is underway. In coordination with Geotech, Condor
Consulting out of Denver, Colorado will be providing expert modeling and
interpretive assistance. The Company expects to receive interpreted
results and other work products in January. 

    This news release has been prepared under the supervision of Mr. Thomas
J. Drown, P.Geo. Mr. Drown has more than 25 years relevant experience and
is a British Columbia Professional Geoscientist. He is a senior project
geologist with the Company at the La Mina Project and serves as the
qualified person as defined by National Instrument 43-101. 

    About Bellhaven 

    Bellhaven Copper & Gold Inc. is a Canadian-listed (TSX VENTURE:BHV)
exploration company exploring for gold and copper in Panama and Colombia.
The Company's objective is to be a leader in responsible gold and copper
development in Panama and Colombia. Bellhaven will focus on discovery,
acquisition, and development of high-quality resources in a safe and
responsible manner for the benefit of all of its stakeholders. 

    The Company's flagship project is the La Mina porphyry gold-(copper)
project in the Middle Cauca belt of Colombia. In July 2012, the Company
increased the mineral resource inventory at the La Mina Project by 60%
with the announcement of an inferred resource at Middle Zone. The total
La Mina resource now includes 1.6 Moz gold and 419 million pounds of
copper (or 2.55 Moz gold equivalent) contained in 79.87 million tonnes
averaging 0.62 g/t Au, 0.24% Cu, or a gold equivalent grade of 1.0 g/t
(based on a 0.30 g/t Au cutoff grade). The Company is currently seeking
to grow these resources through ongoing exploration on the La Mina
concession. For more information regarding Bellhaven, please visit our
website at www.bellhavencg.com

    On behalf of the board of directors,

    R. Patrick Highsmith, Chief Executive Officer

    BELLHAVEN COPPER & GOLD INC. 

    Statements in this press release, other than purely historical
information, including statements relating to the Company's future plans
and objectives or expected results, may include forward-looking
statements. Forward-looking statements are based on numerous assumptions
and are subject to all of the risks and uncertainties inherent in
resource exploration and development. As a result, actual results may
vary materially from those described in the forward-looking statements. 

    Neither the 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:
Belllhaven Copper & Gold Inc.
Nico Wells
Corporate Communications
North America: +1-303-470-8700, ext 24

Belllhaven Copper & Gold Inc.
Contact in Panama
Julio Benedetti
President/Director
Int'l No: +507-226-3967
www.bellhaven.cg.com

Copyright 2012, Market Wire, All rights reserved.

-0-