BHV

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Bellhaven Copper & Gold Inc. (TSX VENTURE:BHV) ("Bellhaven" or the "Company")
announces that it intends to complete a non-brokered private placement financing
of up to 26,000,000 units (the "Units") at a price of $0.05 per Unit for gross
proceeds of up to $1,300,000 (the "Offering").


Each Unit consists of one common share (a "Common Share") and one Common Share
purchase warrant (a "Warrant") of Bellhaven. Each Warrant entitles the holder to
acquire one Common Share of the Company's stock at a price of $0.08 for a period
of 36 months following the closing date of the Offering. The securities issued
pursuant to the Offering will be subject to a statutory hold period of four
months plus one day from the date of issuance in accordance with applicable
securities legislation. In circumstances where, any time after the expiry of the
four-month restricted period, the Company's stock trades at $0.48 or greater for
20 consecutive days, the Company may give notice accelerating the expiry date of
the exercise period of the Warrants to that date which is 30 days from the date
of such notice.


A finder's fee of 8% cash and 8% in broker warrants may be paid in connection
with this Offering. Each broker warrant will have a term of 36 months from the
date of issuance and is exercisable into one Unit of the Company in exchange for
$0.05 per broker warrant.


The proceeds of the Offering will be used towards exploration and maintenance
activities at the Company's properties in Colombia and Panama, and for general
operating and working capital purposes. The Offering is subject to certain
conditions including, but not limited to, the receipt of all necessary
approvals, including the approval of the TSX Venture Exchange.


This press release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities will not
be registered under the United States Securities Act of 1933, as amended, (the
"U.S. Securities Act") or any state securities laws and may not be offered or
sold within the United States or to or for the account or benefit of a U.S.
person (as defined in Regulation S under the U.S. Securities Act) unless
registered under the U.S. Securities Act and applicable state securities laws or
an exemption from such registration is available.


About Bellhaven 

Bellhaven Copper & Gold Inc. is a Canadian-listed (TSX VENTURE:BHV) exploration
company exploring for gold and copper in Panama and Colombia. The Company's goal
is to be a leader in gold and copper development in Panama and Colombia.
Bellhaven focuses on discovery, acquisition and development of high-quality
resources in a safe and responsible manner for the benefit of all of its
stakeholders. 


The Company's flagship project is the La Mina gold-(copper) porphyry deposit in
the Middle Cauca belt of Colombia. The total La Mina resource now includes 1.6
Moz gold and 419 million pounds of copper (or 2.55 Moz gold equivalent)
contained in 79.9 million tones averaging 0.62 g/t Au, 0.24% Cu, or a gold
equivalent grade of 1.0 g/t (based on a 0.30 g/t Au cutoff grade). The average
grade of 1.0 g/t gold equivalent makes La Mina one of the highest grade
gold-(copper) porphyry deposits in the Americas. The Company is currently
seeking to develop and to grow these resources through mine development and
through ongoing exploration on the La Mina concession. For more information
regarding Bellhaven, please visit our website at www.bellhavencg.com.




On behalf of the board of directors,                                        
                                                                            
Julio Benedetti, CEO & Chairman of the Board of Directors                   
BELLHAVEN COPPER & GOLD INC.                                                



Statements in this press release, other than purely historical information,
including statements relating to the Company's future plans and objectives or
expected results, may include forward-looking statements. Forward-looking
statements are based on numerous assumptions and are subject to all of the risks
and uncertainties inherent in resource exploration and development. As a result,
actual results may vary materially from those described in the forward-looking
statements.


Gold equivalent grades have been calculated using the following formula: AuEq =
Au(g/t) + (Cu(%)) x (%Recoverable Cu / %Recoverable Au) x (Net Cu Price/Net Au
Price) x (%Payable Cu / %Payable Au x 22.0462 x 31.1035). Metal recoveries are
estimates based on metallurgical results announced in Bellhaven's news release
dated Nov. 15, 2011. Net metal prices for gold and copper are the long-term
forward curve metal price minus refining charge. Metal prices based on the
long-term forward curve are as of May 8, 2013 (US$1482 for gold and $3.40/lb for
copper). Metal refinery charges and % payable metal by the smelter are estimates
based on third-party consultants. Metal prices, refinery charges and % payable
metal are not constant and are subject to change. Mineral resources are not
mineral reserves and do not have demonstrated economic viability. There is no
certainty that all or any part of the mineral resources will be converted into
mineral reserves.


The scientific and technical information in this news release was prepared under
the supervision of Mr. Thomas J. Drown, P.Geo. Mr. Drown has more than 25 years
relevant experience and is a B.C. Professional Geoscientist. He is a senior
project geologist with the Company at the La Mina project and serves as the
qualified person as defined by National Instrument 43-101. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Corporate Contact in North America:
Mrs. Milagros "Millie" Paredes, President/Director
U.S. Tel:  (971) 344-1500
mparedes@bellhavencg.com


Corporate Contact in Panama:
Mr. Julio Benedetti, CEO/Chairman
Int'l No: +507-226-3967
juliobenedetti@bellhavencg.com

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