Dr. Tim Marsh of Bell Copper reports

BELL COPPER AND CORDOBA MINERALS AMEND EARN-IN TERMS AT BELL'S PERSEVERANCE PORPHYRY COPPER PROJECT, ARIZONA

Bell Copper Corp. has agreed to amend the terms of the Perseverance joint venture and earn-in agreement with Cordoba Minerals Corp. Up to the present, Cordoba has earned a 51-per-cent interest and Bell Copper retains a 49-per-cent interest in the Perseverance porphyry copper project in Arizona, United States.

Under the amended joint venture agreement, the current earn-in phase for Cordoba has been adjusted to spend $14.2-million by April 24, 2026, for the option to earn an 80-per-cent interest in the Perseverance project. This adjusted project expenditure of $14.2-million reflects the combination of the phase 3 and phase 4 earn-in spending requirements in the original agreement. This adjusted earn-in phase includes additional project expenditures of $1.2-million for amending the agreement. The timing for Cordoba to have the option to earn the 80-per-cent project interest in Perseverance remains the same, but it is now accomplished by earning straight into the 80-per-cent project interest by April 24, 2026, rather than via two earn-in phases contemplated under the original joint venture agreement (refer to the table entitled "Comparison of earn-in terms" for comparison between the original and amended agreements).

Dr. Tim Marsh, Bell Copper's president and chief executive officer, stated: "Bell Copper fundamentally believes that our Perseverance project is an outstanding target for discovering a globally significant copper deposit. Our earn-in optionee, Cordoba Minerals, continues to share that belief. Drill data to this point support the concept, and Bell's quick success pursuing the same concept at Big Sandy lends further credence to Perseverance's potential. As copper enters a new phase of ascendant market interest, it is in Bell's best interest to retain as much of Perseverance as possible for as long as possible, within the constraints of the Cordoba earn-in/JV agreement. This amendment requires $14.2-million of expenditures by Cordoba on Perseverance in the next 24 months, a strong commitment from a team with a strong track record of discovering and developing globally significant deposits.

"Meanwhile, Bell Copper is keeping the drill turning at the BS-4 drill hole to further demonstrate the significance of our porphyry copper discovery at Big Sandy."

Qualified person

The technical content of this release has been reviewed and approved by Timothy Marsh, PhD, PEng, the company's CEO and president, and a qualified person as defined under Canadian National Instrument 43-101.

About Bell Copper Corp.

Bell Copper is a mineral exploration company focused on the identification, exploration and discovery of large copper deposits located in Arizona. Bell Copper is exploring its 100-per-cent-owned Big Sandy porphyry copper project and the Perseverance porphyry copper project, which is under a joint venture-earn-in agreement.

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