Mr. Peter Tagliamonte reports

BELO SUN ANNOUNCES BLOCK PURCHASE UNDER NORMAL COURSE ISSUER BID

Belo Sun Mining Corp. has completed the purchase and cancellation of 22,958,000 of its common shares at a price of 22 cents under its normal course issuer bid (NCIB) using the block purchase exception.

The maximum number of common shares that may be purchased for cancellation pursuant to the NCIB is that number of common shares that represents 5 per cent of the issued and outstanding common shares of Belo Sun. Based on the 465,589,915 common shares issued and outstanding as at the commencement of the NCIB, the maximum number of shares to be purchased and cancelled would be 23,279,495. Belo Sun may purchase an additional 321,495 common shares under the NCIB.

The board of directors of Belo Sun believes that the underlying value of the company is not reflected in the current market price of its common shares, and has thus concluded that the repurchase and cancellation of common shares pursuant to the NCIB currently constitute an appropriate use of financial resources and would be in the best interest of Belo Sun shareholders.

About Belo Sun Mining Corp.

Belo Sun is a Canadian-based mineral exploration and development company with a portfolio of gold-focused properties in Brazil. Belo Sun's primary focus is advancing and expanding its 100-per-cent-owned Volta Grande gold project, located in Para state.

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