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As part of this transaction, the Exploration and Development Agreement signed by the parties on March 6, 2007, has been terminated by mutual agreement of the parties, and is null, void and worthless. The parties have granted each other a full and unconditional mutual general release for and from any and all obligations appertaining to that Exploration and Development Agreement.
Benedetti, President and CEO of Bellhaven commented as follows:
“We are pleased with the terms of this deal as it provides us with substantial upside in the project, via our 6 million common shares of Dominion Minerals, while allowing management to focus its human and financial resources toward Bellhaven’s nearer-term gold producing project, Santa Maria, which is located just outside the small mining town of Gomez Plata in the Antioquia Department (province) of Colombia where gold mining has been carried out since Pre-Colombian times to the present. We wish Dominion the utmost of success with their massive copper project, Cerro Chorcha.”
Pini Althaus, Chairman and CEO of Dominion Minerals commented as follows:
“We are extremely delighted to have purchased the Cerro Chorcha copper project. This should provide the Company with an opportunity to create significant value for our shareholders. These shareholders also include Bellhaven to whom we are grateful for the opportunity to have worked with these past two years in successfully developing Cerro Chorcha. Now we will focus our efforts on the 2009 drilling campaign and hope to deliver on our expectations in terms of size, quality and scale of this unique project.”
On behalf of the board of directors,
Julio C. Benedetti, President, CEO
BELLHAVEN COPPER & GOLD, INC.
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.
Corporate Contact: Investor Relations Contact:
Julio Benedetti Patrick Abraham
Int’l No: +507-226-3967 Int’l No: +507-340-9500