Bellhaven Copper & Gold Announces Private Placement Closing

PANAMA CITY, July 7 /CNW/ -- Bellhaven Copper & Gold, Inc. (TSX-Venture: BHV) ("Bellhaven" or the "Company") is pleased to announce that the non-brokered private placement announced on June 10, 2008, has closed the first tranche of its private placement issuing 3,320,422 units for total proceeds of $1,826,232 before expenses and finder's fees. The securities issued are subject to a four month hold period trading restriction and the hold periods will expire November 4, 2008.

203,633 Agent's Warrants and $97,998.74 have been paid in connection with the first tranche closing. The Agent's Warrants are subject to a four month hold period trading restriction and the hold periods will expire on November 4, 2008.

    
    On behalf of the board of directors,
    

    
    Julio C. Benedetti, President, CEO
    BELLHAVEN COPPER AND GOLD, INC.
    

Forward Looking Statements: Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to the completion of transactions, the timing and amount of issuances of securities and the uses of proceeds. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated transactions and share issuances and the uses of proceeds.

The TSX Venture Exchange does not accept responsibility for the adequacy of this release.

Contacts

Corporate Contact
Julio Benedetti
+1-507-226-3967
or Investor Relations Contact
Patrick Abraham
+1-507-340-9501
both of Bellhaven Copper & Gold
Inc. Web Site: http://www.bellhavencg.com