Mr. Timothy Marsh reports

BELL COPPER ANNOUNCES SHARES FOR DEBT SETTLEMENT

Bell Copper Corp. has agreed to settle an aggregate $198,819.48 of debt owing to certain creditors by issuing a total of 3,976,390 common shares in the capital of the company at a deemed price of five cents per share. No warrants will be issued in connection with the debt settlement.

The conversion of debt to shares shall be made pursuant to TSX Venture Exchange Policy 4.3 and is being conducted as a means of reducing the company's debt, including repayment of loans advanced by the company's directors and officers, as well as diminishing a portion of accrued and outstanding historical management fees due to an officer of the company. As exchange polices stipulate that only up to a maximum of $2,500 of debt owed to individuals for management fees each month may be settled by the issuance of shares, the company intends to settle $82,500 of the debt with the officer by the issuance of an aggregate 1.65 million shares.

The debt settlement transaction is subject to the approval of the TSX Venture Exchange and all shares issued pursuant to the debt settlement will be subject to a four-month statutory hold period.

The issuance of the shares shall be considered to be a related-party transaction under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, but shall be exempted from the requirements to obtain a formal valuation and to obtain minority approval, as the issuance of the shares shall not exceed 25 per cent of the company's market capitalization. The company is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101.

The company believes it is in the best interests of its shareholders to reduce the amount of indebtedness while preserving cash and improving its financial position.

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.