Mr. Julio Benedetti reports

BELLHAVEN CLOSES LOAN

Further to Bellhaven Copper & Gold Inc.'s news release of March 4, 2016, the $350,000 (U.S.) convertible loan from the Toquepala Fund LP, of which $100,000 (U.S.) had been previously advanced, has closed. In connection with the closing, Paul Zweng, a former director of the company and a principal of the fund, has been appointed to the board of the company.

The company also wishes to confirm that management is unaware of any material change in the company's operations that would account for the recent increase in market activity.