Mr. Timothy Marsh reports

BELL COPPER PROVIDES UPDATE

Bell Copper Corp. has provided an update on the Perseverance porphyry copper project, including corporate activities.

Perseverance project

Bell Copper has been informed by joint venture partner Cordoba Minerals that a magneto-telluric (MT) survey will be performed at the Perseverance porphyry copper project, located in northwestern Arizona, United States. It is anticipated that the survey will be initiated prior to the end of January, 2020.

K-20 is believed to be located on the periphery of a porphyry copper system (refer to Bell Copper news release dated May 21, 2019), as indicated by a deep resistivity low identified by a previous MT survey. However, this survey, completed in 2017, did not close off this anomaly and did not extend as far to the northeast as the K-20 drill hole. The incompletely defined low resistivity MT anomaly is similar to other large low-resistivity anomalies associated with major porphyry copper systems elsewhere.

The upcoming magneto-telluric (MT) survey will be performed to close off the northeast end of the deep conductive anomaly originally identified in the previous MT survey.

Financing

The company previously announced a non-brokered private placement (see the Bell Copper news release dated Oct. 4, 2019) of units at a price of five cents per unit for gross proceeds of up to $500,000. Each unit shall comprise one common share in the capital of the company and one common share purchase warrant.

Each warrant entitles the holder to purchase an additional common share at a price of eight cents per share at any time within 24 months of the date of issuance, subject to the right of the company to accelerate the exercise period of the warrants if common shares of the company trade at or above 40 cents for 15 consecutive trading days. All securities to be issued under this private placement will be subject to a four-month resale restriction.

Closing of the financing is expected to be completed in tranches and is subject to TSX Venture Exchange approval. The first tranche will close on or before Dec. 18, 2019, or as is practicable.

SME Arizona Conference 2019

Bell Copper chief executive officer Dr. Tim Marsh has been invited to speak at the upcoming SME Arizona Conference running from Dec. 8 to Dec. 9, 2019, in Tucson, Ariz. Dr Marsh will be presenting during the geology technical session where he will be talking about the company's Perseverance porphyry copper project near Kingman, Ariz.

About Bell Copper Corp.

Bell Copper is a mineral exploration company focused on the identification, exploration and discovery of large copper deposits located in a region responsible for 10 per cent of the world's copper production: Arizona.

Qualified person

The technical content of this release has been reviewed and approved by Dr. Marsh, doctor of philosophy, professional engineer, the company's chief executive officer and president. No mineral resource has yet been identified on the Perseverance project. There is no certainty that the present exploration effort will result in the identification of a mineral resource or that any mineral resource that might be discovered will prove to be economically recoverable.

We seek Safe Harbor.