Bellhaven Copper & Gold Announces Private Placement Closing

    PANAMA CITY, July 7 /CNW/ -- Bellhaven Copper & Gold, Inc. (TSX-Venture:
BHV) ("Bellhaven" or the "Company") is pleased to announce that the
non-brokered private placement announced on June 10, 2008, has closed the
first tranche of its private placement issuing 3,320,422 units for total
proceeds of $1,826,232 before expenses and finder's fees.  The securities
issued are subject to a four month hold period trading restriction and the
hold periods will expire November 4, 2008.
    203,633 Agent's Warrants and $97,998.74 have been paid in connection with
the first tranche closing.  The Agent's Warrants are subject to a four month
hold period trading restriction and the hold periods will expire on November
4, 2008.

    On behalf of the board of directors,

    Julio C. Benedetti, President, CEO
    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.

For further information:

For further information: Corporate Contact, Julio Benedetti,
+1-507-226-3967, or Investor Relations Contact, Patrick Abraham,
+1-507-340-9501, both of Bellhaven Copper & Gold, Inc. Web Site:

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