The program was designed to test for down-dip and strike extensions of mineralization found in underground and surface workings.

Vein textures, and composition and style of alteration observed in the drill core are indicative of an epithermal system warranting further work.

Results have been received for holes 1-7, which are set out in Table 1, below. Best results were:

-- 2m at 6.34 g/t gold, in hole 3;
-- 2m at 6.11 g/t gold, in hole 5; and
-- 3m at 5.97 g/t gold, in hole 6.

Significant drilling intersections for the first seven holes are set out below, with results for hole 8 anticipated by end July.

Table 1 - Summary of Significant Drilling Intersections - Los Hatillos
 Hole  From    To   Interval  Gold           From   To  Interval  Gold
  No     (m)   (m)    (m)     (g/t)            (m)  (m)   (m)     (g/t)
LGD-01   81    83      2      3.71
        172   176      4      1.54 Including  175  176     1      3.74
LGD-02  121   132     11      1.10 Including  122  124     2      4.47
LHD-03  100   104      4      3.23 Including  101  103     2      6.34
LHD-04  121   130      9      0.62 Including  126  128     2      2.98
LHD-05   72    78      6      2.19 Including   72   74     2      6.11
LHD-06   35    40      5      3.76 Including   35   38     3      5.97
 
LHD-07   73    79      6      1.06 Including   77   79     2      2.75

At Veta Blanca all four holes intersected the targeted shear zone at least 50m below the existing underground workings, confirming the extension of the vein system at depth.

At El Tiro, hole 5 was targeted to intersect a high grade intersection in an historical drill hole, which tested for mineralization under historical surface workings. The remaining three holes tested possible extensions to this mineralization. Results for hole 5 did not replicate the historical results of 4.5 meters at 17 g/t gold.

The observed alteration styles, quartz veining, and mineralization textures in the El Tiro drilling suggest that vein system is more extensive than previously thought.

Petrographic work was carried out on 10 samples from hole 1. The alteration-mineralization characteristics of the sample suite are consistent with those found in low-sulphidation epithermal environments.

Further geological prospecting, sampling and mapping will continue around Veta Blanca, El Tiro, Faustino and recently identified prospects, to identify alteration zones and vectors to mineralization within the systems.

Julio Benedetti President of Bellhaven had the following comments:

"These results and GCR's decision to continue into the second year of the JV Agreement are very positive news for Bellhaven. We have now two JV agreements which have generated good results and moved into the second year of exploration work."

This news release has been prepared under the supervision of Michael D. Druecker, PhD., P. Geo. who serves as the Qualified Person for this project under National Instrument 43-101.

On behalf of the Board of Directors

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

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