Mon February 23, 2009
Bellhaven Copper & Gold Inc.
Panama City, Panamá - February 23, 2009.  Bellhaven Copper & Gold Inc. (the “Company” or “Bellhaven”) (TSX-V: BHV) is pleased to announce that it has closed the third tranche of its non-brokered private placement announced on January 27, 2009 and increased on February 13, 2009.  This portion of the private placement will raise proceeds of $37,200 by issuing 744,000 common shares at a price of $0.05 per common share.  The securities issued under the third tranche of the private placement are subject to a four month hold period expiring on June 21, 2009.
Bellhaven Copper & Gold Inc. is a Panama-based mineral exploration and development company with a portfolio of gold and copper properties in the Republics of Panama and Colombia. The Company has 31.48 million shares issued and outstanding. For more information, please visit the web site at www.bellhavencg.com or call Patrick Abraham in Panama at 011-507-340-9500.

On behalf of the board of directors,

Julio C. Benedetti, President, CEO
BELLHAVEN COPPER & GOLD, INC.

Neither 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.

Corporate Contact:                 Investor Relations Contact:
Julio Benedetti                           Patrick Abraham
Int’l No: +507-226-3967             Int’l No: +507-340-9500