Mr. Patrick Highsmith reports

BELLHAVEN TOPS PREVIOUS BEST HOLE AT THE MIDDLE ZONE DEPOSIT, LA MINA PROJECT, COLOMBIA: LME-1072-134.39M AT 0.65 G/T AU AND 0.32%CU, OR 1.19 G/T AU EQUIVALENT

Bellhaven Copper & Gold Inc. has released drill results from six recent holes at the La Mina project in Colombia. The holes tested the northern and eastern limits of mineralization at Middle zone, while also successfully targeting newly identified structural corridors within the deposit. Two of the most significant intercepts are shown below:

• LME-1072 -- 134.39 metres averaging 0.65 gram per tonne (g/t) gold (Au) and 0.32 per cent copper (Cu), or 1.19 g/t gold equivalent (AuEq);
• LME-1068 -- 101.69 metres averaging 0.64 g/t Au and 0.11 per cent Cu, or 0.84 g/t AuEq.

These drill holes will be among the last included in the maiden Middle zone resource to be delivered in June. In September, 2011, the company announced the initial inferred mineral resource for the project on the La Cantera deposit, which is less than 500 metres south of the Middle zone. The Cantera resource included approximately one million ounces of Au and 280 million pounds of copper, or 1.6 million ounces of Au equivalent (see company news release dated Sept. 13, 2011).

There were two objectives with this group of holes. The primary focus was to establish a connection between the encouraging intercepts in LME-1064 (78.10 metres of 0.84 g/t AuEq), LME-1060 (80.60 metres of 1.20 g/t AuEq) and the recent northeast extensions encountered in LME-1065 (multiple intercepts between 0.48 g/t and 0.96 g/t AuEq) and LME-1063 (16.77 metres at 1.08 g/t AuEq). The company also sought to confirm the extreme northern limits of the near-surface mineralization. These holes succeeded in establishing a strong connection between the core of the mineralization and numerous intercepts that extend mineralization to the northeast, demonstrating further upside potential of the deposit.

Patrick Highsmith, MSc (geology), Bellhaven's chief executive officer, commented on the latest drilling: "These are remarkable results because they reflect real-time adjustments to new geological information. Brad Yonaka, our vice-president, exploration, and the team identified some structural corridors that seemed to link up the northeast extensions with the main body of mineralization; and they confirmed these connections with these drill holes. The results of that work include drill holes LME-1072, the best hole to date in the Middle zone, and LME-1068. LME-1072 intercepted more than 130 metres of 1.2 g/t gold equivalent, including more than 30 metres of 1.9 g/t gold equivalent. These new intercepts will increase grade and continuity of the resource in an area that was previously thought to be peripheral."

The associated table summarizes the significant intercepts from the most recent drilling at the Middle zone.

      SIGNIFICANT NEW DRILL HOLE RESULTS FOR LA MINA GOLD-COPPER PROJECT

                      From       To   Intercept     Au     Cu       Ag    AuEq
Drill hole             (m)      (m)         (m)  (g/t)    (%)    (g/t)   (g/t)

LME-1067            179.00   205.00       26.00   0.66   0.05      0.8    0.75
                    239.00   257.30       18.30   0.52   0.03      0.6    0.58
LME-1068             21.33    71.00       49.67   0.67   0.05      0.8    0.76
                    101.00   202.69      101.69   0.64   0.11      0.7    0.84
LME-1069                                         No significant mineralization
LME-1070              7.62    51.00       43.38   0.89   0.07     2.05    1.01
LME-1071                                         No significant mineralization
LME-1072             10.66    37.25       26.59   0.29   0.21      0.8    0.64
                     64.61   199.00      134.39   0.65   0.32      1.4    1.19
including            67.90    98.45       30.55   1.07   0.50      1.6    1.93

Discussion of the drill hole results

The holes reported are located in the central and northern portions of the Middle zone. At present, two drill rigs are testing extensions to these newly identified zones on the southeast and northwestern sides of the deposit. Since February, the program has been successful in advancing the shallow, gold-dominant mineralization to the southwest, west and the northeast (see company news releases dated Feb. 9, 2012, March 22, 2012, and May 3, 2012).

The results in this press release define the limits of mineralization to the north and significantly augment zones of mineralization in the most important host rocks on the east and northeast, the X1 and X3 porphyries, and their related breccias. Two holes from the same platform, LME-1068 and LME-1070, exceeded expectations by establishing a connection between LME-1063 and LME-1065 (approximately 50 metres northeast) and LME-1064 (approximately 100 metres west).

The mineralization in LME-1068 includes X3 breccia near surface; and the lower 101.69-metre interval reported here is almost entirely within the X1 breccia, showing robust quartz-magnetite-sulphide veining nearly to the end of the hole. It is now recognized that LME-1068 passes through a major structural corridor, which is proving important for the distribution of mineralization in the eastern half of Middle zone. Drill hole LME-1067 intersects this same structure at a deeper level.

Drill hole LME-1070, collared on the same platform as LME-1068 but plunging southeast, further confirms good X3 breccia mineralization near surface. The appearance in this drill hole, and in LME-1068, of X1 breccia at depth is of considerable benefit in understanding the geometry of the X1 unit. This aids follow-up drilling in the vicinity, which seeks to extend the mineralized X3 and the upper part of the X1 unit.

LME-1072, located in the south-central portion of the deposit, was oriented northwest to test X3 and X1 mineralization in the saddle area between the main body of X1 and the deeper lobe to the east. It also followed up on previously reported mineralization in LME-1060. It is now believed that the sudden changes in the shape of X1 are due to a fault offset and that LME-1072 passes through this structure. The upper intercept is in X3 breccia and the second intercept (mixed X1 and X3 breccia) is immediately adjacent to the postmineral X2 porphyry. The high-grade intercept of 30 metres at 1.93 g/t AuEq confirms the model for grade enrichment at the contact with the X2 porphyry. Modelling the occurrence of this relatively high-grade material near the X2 has become a consideration in Middle zone drill planning. Drill hole LME-1072 was stopped short of the target depth due to bad ground conditions, so this area is currently being targeted by another drill hole from the north.

The company continues to drill the Middle zone and expects to gather a few more intercepts ahead of resource calculations in June. Previous Middle zone drilling has been described in several news releases (including Aug. 2, 2011, Oct. 6, 2011, Jan. 19, 2012, Feb. 9, 2012, March 22, 2012, and May 3, 2012).

Laboratory methodology and quality assurance

After logging, cutting and sampling on-site at the La Mina camp, Bellhaven employees transport the core samples to the sample preparation laboratory in Medellin, ALS Colombia Ltda. The lab prepares sample pulps for analysis according to industry-standard methodologies and ships the pulps to ALS Minerals laboratories in Lima, Peru, and La Serena, Chile. The copper, silver and multielement analyses are performed by a four-acid digestion and ICP-AES finish at the ALS Lima lab. The gold is determined by fire assay of a 30-gram sample with an atomic absorption finish in Lima or La Serena, depending on laboratory workflow.

Most ALS Minerals laboratories are registered or are pending registration to ISO 9001:2008; and a number of analytical facilities have received ISO 17025 accreditations for specific procedures. Bellhaven also maintains an independent QA/QC (quality assurance/quality control) program that includes the use of certified standard reference materials, blanks, and field and pulp duplicates. The quality control data associated with these results fall within acceptable ranges for all relevant parameters.

This news release has been prepared under the supervision of Thomas J. Drown, PGeo. 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.

We seek Safe Harbor.