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File: BHV_NR160518.docx

 

Bellhaven Announces Non-Brokered Private Placement
Offering will be made available to Existing Shareholders in Qualifying Jurisdictions

Vancouver, B.C. - May 18, 2016.  Bellhaven Copper & Gold Inc. (TSX-Venture: BHV) ("Bellhaven" or the "Company") is ple
--->ased to announce that it intends to proceed with a non-brokered private placement of up to 2,500,000 units (the "Units
--->") at $0.20 per Unit for gross proceeds of up to $500,000 (the "Offering").

Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one-half Common Share 
--->purchase warrant (a "Warrant").  Each whole Warrant will entitle the holder to purchase one additional Common Share (a
---> "Warrant Share") at a price of $0.225 per Warrant Share for a period of three years from the closing of the Offering.

Participation in the Offering will be available to existing shareholders in qualifying jurisdictions in Canada and out
--->side the United States in accordance with the provisions of CSA Notice 43-103 and B.C. Instrument 45-354 (the "Existin
--->g Shareholder Exemption").  The Company has set May 17, 2016 as the record date for determining shareholders entitled 
--->to participate in the private placement in reliance on the Existing Shareholder Exemption.  Participation by sharehold
--->ers resident in the United States is limited to those who qualify as "accredited investors" under US Securities Laws. 
--->If the Offering is over subscribed, Units will be allocated pro rata amongst all subscribers.

The proceeds from the Offering will be used for project development on the Company's La Mina and La Garrucha projects 
--->and also general working capital purposes.

Additionally, the Company announces that is has agreed to issue 600,000 shares to senior management of the Company as 
--->compensation for prior services (the "Compensation Shares"). 

The Offering and the issuance of the Compensation Shares are subject to TSX Venture Exchange approval.

All securities issued in connection with the Offering and the Compensation Shares will be subject to a statutory hold 
--->period of four months plus a day from the date of issuance in accordance with applicable securities legislation.
About Bellhaven
Bellhaven Copper & Gold Inc. is a Canadian-listed (TSX-V: BHV) exploration company exploring for gold and copper in Co
--->lombia. The Company's goal is to be a leader in gold and copper development in Colombia. Bellhaven focuses on discover
--->y, acquisition and development of high-quality resources in a safe and responsible manner for the benefit of all of it
--->s stakeholders. 
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     
Forward-Looking Information

This release includes certain statements that may be deemed "forward-looking statements". All statements in this relea
--->se, other than statements of historical facts, that address events or developments that the Company expects to occur, 
--->are forward-looking statements. Forward-looking statements are statements that are not historical facts and are genera
--->lly, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "p
--->rojects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should
--->" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reas
--->onable assumptions, such statements are not guarantees of future performance and actual results may differ materially 
--->from those in the forward-looking statements. Factors that could cause the actual results to differ materially from th
--->ose in forward-looking statements include regulatory actions, market prices, and continued availability of capital and
---> financing, and general economic, market or business conditions. Investors are cautioned that any such statements are 
--->not guarantees of future performance and actual results or developments may differ materially from those projected in 
--->the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Com
--->pany's management on the date the statements are made. Except as required by applicable securities laws, the Company u
--->ndertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates o
--->r opinions, or other factors, should change.
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.