Bell Copper Increases Financing to $4 Million and Announces Board and Management Changes

TSX-V Symbol: BCU

VANCOUVER, BC, April 26 /CNW Telbec/ - Bell Copper Corporation ("Bell Copper" or the "Company") (TSXV: BCU) is pleased to announce that it has agreed to increase its previously announced brokered private placement from $2.5 million up to $4 million. The Company will continue to offer units at $0.20. Each unit however will now consist of one common share and one common share purchase warrant, with each warrant now exercisable at $0.35 for a period of 18 months from the date of closing.

Proceeds from this financing will be used primarily to fund the feasibility study of the Company's La Balsa project in Mexico, the proposed acquisition of the Van Dyke project in Arizona, the commencement of confirmation drilling and core re-assaying aimed at bringing the historical resources at Van Dyke into a 43-101 compliant status, the commencement of a Preliminary Economic Assessment at Van Dyke, and planned drilling at the Company's Kabba project in Arizona.

D&D Securities Inc. is acting as lead agent for the Financing, with Delano Capital Corp. acting as a co-agent (collectively the "Agents"). Upon the closing of the Financing, the Agents will receive a cash commission representing 7% of the gross proceeds of the sale of the securities. The Company will also issue share purchase warrants to the Agents on closing entitling the Agents to purchase, at an exercise price of $0.20 for a period of 18 months, that number of common shares equal in number to 10% of aggregate number of Units sold in the Financing. The Financing is subject to a number of conditions including receipt of all necessary corporate and regulatory approvals, including the approval of the TSX Venture Exchange.  All securities issued in connection with the Financing will be subject to a statutory hold period of four months, plus a day, from the date of issuance in accordance with applicable securities law legislation.

The Company is also pleased to announce changes to its board of directors and new additions to its management team.  Gordon Fretwell and William Harper have resigned from the board, and these openings are being filled by Stan Bharti and Don Dudek. The board wishes to thank Mr. Fretwell and Mr. Harper for their years of service to the Company and for their assistance in helping to build the Company's strong portfolio of development and exploration properties.

Over the last two decades, Mr. Bharti has been responsible for the creation and growth of multiple mining companies which have seen increases in market capitalization in the billions of dollars. He has extensive experience in the acquisition, restructuring and financing of mining companies, and since 2001 has been the Executive Chairman of Forbes & Manhattan, Inc., a private merchant bank operating in Canada, the United States and Western Europe. Previous positions include Chief Executive Officer of Consolidated Thompson-Lundmark Gold Mines Ltd., and President and Chief Executive Officer of Desert Sun Mining Corp.

Mr. Dudek is an exploration geologist who has held various roles with junior to senior exploration and mining companies over the past 30 years. Mr. Dudek currently serves as Senior Vice President Exploration for Avion Gold Corporation and is a member of the board of directors for Sulliden Gold Corporation and Alder Resources Ltd. Prior to Avion, Mr. Dudek was Exploration Manager for Aur Resources Inc. over an area that included northern South America through to northern Canada. During this time, he reviewed numerous projects in Latin America including Bell Copper's projects in Mexico and Arizona. This combination of experience makes him an ideal person to provide geological and operational guidance to the board.

In addition, Deborah Battiston has joined the Company as the new Chief Financial Officer, and Steve Manz has joined as the Vice President of Business Development.

Deborah Battiston is a Certified General Accountant with over 25 years of accounting and financial management experience. Ms. Battiston is the Chief Financial Officer of a number of Canadian public mining companies with interest in a variety of foreign jurisdictions. Ms. Battiston obtained a B.A. in Economics from the University of Guelph.

Mr. Manz has over 20 years of experience in corporate and operational finance, merger/acquisitions, start-ups, and turnarounds. He has acted as President and Chief Financial Officer of a number of companies in the mining and power industries, and has been directly involved in the securing of over $800 million of small to mid-cap debt and equity.  Companies managed or acquired by Mr. Manz have seen over $1 billion of increased market capitalization.

The Company also announces that as a result of its decision on February 7, 2011 not to proceed with its plans to spin off its exploration projects into a new company and consolidate the share capital in the separate company that was to have held the La Balsa and Van Dyke development projects, it has adjusted the number of shares that are to be provided to the vendor of the Van Dyke assets.  The vendor, which was to have received 2 million shares of the post spin-off and post consolidation shares of the company holding the La Balsa and Van Dyke development projects, will now be receiving 5.6 million shares of the Company following the completion of the Van Dyke acquisition, estimated to be completed within the next 60 days.

About Bell Copper

Bell Copper is a public company with a focus on copper exploration, development and production in North America. The Company has an extensive portfolio of exploration and development projects located in some of North America's premier copper producing regions including Mexico and the Southwestern US.

More information on Bell Copper: www.bellcopper.net

On behalf of the Board of Directors of
Bell Copper Corporation

"Michael Werner"

Michael Werner, CEO & Director

"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."

SOURCE BELL COPPER CORPORATION

For further information:

Bell Copper Corporation Renmark Financial Communications Inc.
   
Sarah Stephanson
Executive Assistant
Tel.: (604) 669-1484
info@bellcopper.net
www.bellcopper.net
 
Christine Stewart:
cstewart@renmarkfinancial.com
Bettina Filippone:
bfilippone@renmarkfinancial.com
Tel.: (514) 939-3989 or (416) 644-2020
www.renmarkfinancial.com

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BELL COPPER CORPORATION

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