Bellhaven Copper & Gold Announces Private Placement Closing

    PANAMA CITY, July 10 /CNW/ -- Bellhaven Copper & Gold, Inc. (TSX-Venture:
BHV) ("Bellhaven" or the "Company") is pleased to announce that it has closed
the second and final tranche of its non-brokered private placement announced
on June 10, 2008.  In connection with the second tranche closing, the Company
issued 464,750 units for total proceeds of $255,612.50 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 11, 2008.
    37,180 Agent's Warrants and $17,892.87 have been paid in connection with
the second tranche closing.  The Agent's Warrants are subject to a four month
hold period trading restriction and the hold periods will expire on November
11, 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 - Julio Benedetti, +507-226-3967,
Investor Relations - Patrick Abraham, +507-340-9501 Web Site:

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Bellhaven Copper & Gold, Inc.

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