Received by email:

File: March-4-2016-NR.pdf

Vancouver, B.C.   March 4, 2016. Bellhaven Copper & Gold Inc. (TSX-Venture: BHV)
("Bellhaven" or the "Company") announces that it has reached an agreement in principle with
the Toquepala Fund LP (the "Fund"), the largest shareholder of the Company, whereby the Fund
is to loan the Company the sum of US$350,000 pursuant to the terms of a convertible loan
agreement (the "Loan Agreement") to be entered into between the parties.

Under the terms of the Loan Agreement, which remains subject to the TSX Venture Exchange
acceptance and execution of definitive agreements, the Fund is to loan the Company
US$350,000 (the "Loan") for a term of 9 months, with a right of the Company to extend the term
by two 3 month periods on payment of an extension fee of 10% of the then outstanding principal.
The Loan is to bear interest at 10% per annum, payable on maturity and is to be secured by a
charge over substantially all the assets of the Company and its subsidiaries.

The Loan is convertible into units of the Company at a conversion price of CDN$0.075 for the
first year of the Loan and at CDN$0.10 if the Loan is extended beyond 12 months, with each unit
being comprised of one common share of the Company and one share purchase warrant
exercisable at CDN$0.075 for a term of 5 years.

The Loan is to be applied to certain property payments and for general working capital purposes.

As a result of securing the Loan, the Company will not be proceeding with its private placement
announced on February 23, 2016.


On behalf of the Board of Directors

Julio C. Benedetti
CEO and Executive Chairman
BELLHAVEN COPPER & GOLD INC.

Corporate Contact in North America:
Mrs. Milagros "Millie" Paredes, President/Director
U.S. Tel: (971) 344-1500
mparedes@bellhavencg.com



Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.




                                              Suite 202   837 West Hastings Street
                                                    Vancouver, BC V6C 3N6
                                                      Tel: (604) 684-6264
 

File: #25090386v2_LEGAL_ - Bellhaven - News Release announcing loan agreement ....docx

 


Vancouver, B.C. - March 4, 2016.  Bellhaven Copper & Gold Inc. (TSX-Venture: BHV) ("Bellhaven" or the "Company") annou
--->nces that it has reached an agreement in principle with the Toquepala Fund LP (the "Fund"), the largest shareholder of
---> the Company, whereby the Fund is to loan the Company the sum of US$350,000 pursuant to the terms of a convertible loa
--->n agreement (the "Loan Agreement") to be entered into between the parties.

Under the terms of the Loan Agreement, which remains subject to the TSX Venture Exchange acceptance and execution of d
--->efinitive agreements, the Fund is to loan the Company US$350,000 (the "Loan") for a term of 9 months, with a right of 
--->the Company to extend the term by two 3 month periods on payment of an extension fee of 10% of the then outstanding pr
--->incipal.  The Loan is to bear interest at 10% per annum, payable on maturity and is to be secured by a charge over sub
--->stantially all the assets of the Company and its subsidiaries.

The Loan is convertible into units of the Company at a conversion price of CDN$0.075 for the first year of the Loan an
--->d at CDN$0.10 if the Loan is extended beyond 12 months, with each unit being comprised of one common share of the Comp
--->any and one share purchase warrant exercisable at CDN$0.075 for a term of 5 years.

The Loan is to be applied to certain property payments and for general working capital purposes.

As a result of securing the Loan, the Company will not be proceeding with its private placement announced on February 
--->23, 2016.

On behalf of the Board of Directors
Julio C. Benedetti CEO and Executive Chairman BELLHAVEN COPPER & GOLD INC.
Corporate Contact in North America:                Mrs. Milagros "Millie" Paredes, President/Director   U.S. Tel:  (97
--->1) 344-1500      mparedes@bellhavencg.com     
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.