Mr. Julio Benedetti reports

BELLHAVEN ANNOUNCES NON-BROKERED PRIVATE PLACEMENT; OFFERING WILL BE MADE AVAILABLE TO EXISTING SHAREHOLDERS IN QUALIFYING JURISDICTIONS

Bellhaven Copper & Gold Inc. intends to proceed with a non-brokered private placement of up to 2.5 million units at 20 cents per unit for gross proceeds of up to $500,000.

Each unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at a price of 22.5 cents per warrant share for a period of three years from the closing of the offering.

Participation in the offering will be available to existing shareholders in qualifying jurisdictions in Canada and outside the United States in accordance with the provisions of CSA Notice 43-103 and B.C. Instrument 45-354. The company has set May 17, 2016, as the record date for determining shareholders entitled to participate in the private placement in reliance on the existing shareholder exemption. Participation by shareholders resident in the United States is limited to those who qualify as accredited investors under U.S. securities laws. If the offering is oversubscribed, units will be allocated pro rata amongst all subscribers.

The proceeds from the offering will be used for project development on the company's La Mina and La Garrucha projects and also general working capital purposes.

Additionally, the company announces that is has agreed to issue 600,000 shares to senior management of the company as compensation for prior services.

The offering and the issuance of the compensation shares are subject to TSX Venture Exchange approval.

All securities issued in connection with the offering and the compensation shares will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

We seek Safe Harbor.