Bellhaven Initiates Geophysical Survey on the Azuero Peninsula in Panama

    VANCOUVER, British Columbia, Jan. 3 /CNW/ -- Bellhaven Copper & Gold,
Inc. (TSX-Venture: BHV) ("Bellhaven" or the "Company") is pleased to announce
the signing of a service contract with Fugro Ground Geophysical Ltd. ("FGG")
to carry out a geophysical survey over the Pitaloza Concession in the Azuero
region of Panama. The geophysical survey will cover approximately 20 kilometer
lines of gradient array/IP survey over three epithermal gold targets in the
100% owned Pitaloza Concession. The program has been designed to define and
add to the existing drill targets at Bejucosa, Caracucho and Cementerio- all
within the Azuero property package just 8 km from Bellhaven's Cerro Quema Gold
Project (set to go online in 2009).
    The fieldwork will start on January 10, 2008 and FGG expects to complete
the program by the end of the month. The information gathered will be used to
assist in further establishing priorities for drill hole locations. A drill
program at the Pitaloza Concession could begin as early as April 2008.
    About Bellhaven Copper and Gold
    Bellhaven Copper and Gold is one of Panama's leading exploration
companies. Bellhaven controls highly prospective gold and copper concessions,
totalling over 500 square kilometers that are located in some of the most
mineral-rich regions in the country. Gold has been mined in Panama as far back
as the 1500's, when the Spanish extracted a million ounces of high-grade ore
from the Cana mine. During modern times, the Santa Rosa and Remance gold mines
operated during the 1990's and the Molejon Gold Project is scheduled to come
online in 2008. Bellhaven's Cerro Quema project is slated for production in
2009. Adding greatly to the strength of the Company is the fact that many of
its senior management and board members are residents and/or citizens of
Panama. These individuals have a record of success and achievement, and enjoy
excellent working relationships with the government, the native Indian tribes,
and within the worldwide mining community.

    On behalf of the board of directors,

    Julio C. Benedetti, President, CEO

For further information:

For further information: Investor Relations, Miguel Villahermosa,
+1-866-599-5930,, for Bellhaven Copper & Gold, Inc.
Web Site:

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Bellhaven Copper & Gold, Inc.

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