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Fri July 25, 2008
Bellhaven Partner Will Continue Exploration in Los Hatillos Gold Property and Makes Property Payment for Cerro Quema
Panama City, Panamá - July 25 /PRNewswire-FirstCall/ - Bellhaven Copper & Gold, Inc. (TSX-Venture: BHV) ("Bellhaven or the Company") is pleased to announce that Golden Cross Resources Ltd (ASX: GCR) ("GCR") has opted to continue for the second term of the Exploration and Development Agreement for the Los Hatillos Gold Concession located in Panama. GCR has made the second option payment of US$50,000 and has complied with the work commitment of the first year. During the first year GCR carried out a geophysical survey and a drill program over several targets within the Los Hatillos Concession. The results are being evaluated.
Bellhaven has also made a property payment of US$1,000,000 to Central Sun Mining (TSX: CSM) in compliance with the terms of the purchase agreement of the Cerro Quema Gold Project.
On behalf of the board of directors,
Julio C. Benedetti, President, CEO
BELLHAVEN COPPER AND GOLD, INC.
Forward Looking Statements: Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to the completion of transactions, the timing and amount of issuances of securities and the uses of proceeds. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated transactions and share issuances and the uses of proceeds.
The TSX Venture Exchange does not accept responsibility for the adequacy of this release.
Bellhaven has also made a property payment of US$1,000,000 to Central Sun Mining (TSX: CSM) in compliance with the terms of the purchase agreement of the Cerro Quema Gold Project.
On behalf of the board of directors,
Julio C. Benedetti, President, CEO
BELLHAVEN COPPER AND GOLD, INC.
Forward Looking Statements: Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to the completion of transactions, the timing and amount of issuances of securities and the uses of proceeds. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated transactions and share issuances and the uses of proceeds.
The TSX Venture Exchange does not accept responsibility for the adequacy of this release.
Corporate Contact: Investor Relations Contact:
Julio Benedetti Patrick Abraham
Int’l No: +507-226-3967 Int’l No: +507-340-9501
Julio Benedetti Patrick Abraham
Int’l No: +507-226-3967 Int’l No: +507-340-9501