Mr. Timothy Marsh reports

BELL COPPER ANNOUNCES FIRST TRANCHE CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Further to Bell Copper Corp.'s news release dated April 30, 2024, the company has closed a first tranche of its non-brokered private placement.

In the first tranche, a total of 2,006,530 units were issued in the financing at a price of eight cents per unit, raising total gross proceeds of $160,522.50. Each unit consists of one common share and one common share purchase warrant. Each warrant will be exercisable into one additional common share at a price of 12 cents for a period of 12 months from the date of closing of the financing.

The securities issued by the company in the first tranche are subject to a statutory hold period which expires on Oct. 1, 2024. Funds raised from the financing will be used for the continuing drilling and exploration program at the company's 100-per-cent-owned Big Sandy porphyry copper project, and for general working capital.

A director of the company participated in the offering for a total of 50,000 units, which participation constituted a related party transaction for the purposes of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company relied upon exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 in completing the financing with the director, on the basis that the fair market value of such participation was less than 25 per cent of Bell's current market capitalization.

A second tranche of the financing is in process, which will include participation by Crescat Capital LLC, a greater-than-10-per-cent insider and significant shareholder of the company, in accordance with its participation agreement with Bell Copper. Crescat's participation will also constitute a related party transaction for the purposes of MI 61-101, and the company will rely upon exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 in completing the second tranche of the financing with Crescat, on the basis that the fair market value of Crescat's participation will also be less than 25 per cent of Bell's current market capitalization.

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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