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File: Bellhaven - News Release announcing  closing of loan transaction (2).docx

 

BELLHAVEN CLOSES LOAN

Vancouver, B.C. - May 3, 2016.  Bellhaven Copper & Gold Inc. (TSX-Venture: BHV) ("Bellhaven" or the "Company") announc
--->es that, further to its news release of March 4, 2016, the US$350,000 convertible loan from the Toquepala Fund LP (the
---> "Fund"), US$100,000 of which had been previously advanced, has closed.  In connection with the closing Paul Zweng, a 
--->former director of the Company and a principal of the Fund, has been appointed to the board of the Company.

The Company also wishes to confirm that management is unaware of any material change in the Company's operations that 
--->would account for the recent increase in market activity.

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.