Bellhaven Announces Completion of Private Placement

    VANCOUVER, British Columbia, Nov. 29 /CNW/ -- Bellhaven Copper & Gold,
Inc. (TSX-Venture: BHV) ("Bellhaven" or the "Company") is pleased to announce
that it has closed its non-brokered private placement previously announced on
November 13, 2007.  The Company has raised CA$3,700,179.95 through the
issuance of 4,111,310 units.  The units were sold at a price of CA$0.90 per
unit and are comprised of one common share and one-half of one share purchase
warrant exercisable for a period of two years at a price of CA$1.45.  The
warrants will also have an acceleration provision whereby they will be
exercisable within 15 days in circumstances where the common shares of
Bellhaven trade above $2.45 for 20 consecutive days. All securities issued
pursuant to this financing are subject to a four month hold period ending
March 29, 2008.
    The Company paid cash finder's fees representing 7% of the proceeds
raised and non-transferable finder's warrants equal to 8% of the units
acquired by purchasers introduced by each finder, said finder's warrants to
have the same terms and conditions as the warrants forming part of the units.
    The proceeds of the private placement will be used for property purchase
payments, equipment purchase payments, and working capital related to
development of the Cerro Quema Gold Project.

    On behalf of the board of directors,
    Julio C. Benedetti, President, CEO
    The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
    This news release does not constitute an offer to sell or a solicitation
of an offer to sell any of the securities in the United States. The securities
have not been and 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 U.S.
Persons unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.

For further information:

For further information: Corporate, Julio Benedetti, +011(507) 226-3967,
 or Investor Relations, Miguel Villahermosa, 1-866-599-5930, both of Bellhaven
 Copper & Gold, Inc. Web Site:

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Bellhaven Copper & Gold, Inc.

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