Bellhaven Partner Will Continue Exploration in Los Hatillos Gold Property and Makes Property Payment for Cerro Quema

    PANAMA CITY, July 25 /CNW/ -- Bellhaven Copper & Gold, Inc. (TSX-Venture:
BHV) ("Bellhaven or the Company") is pleased to announce that Golden Cross
Resources Ltd (ASX: GCR) ("GCR") has opted to continue for the second term of
the Exploration and Development Agreement for the Los Hatillos Gold Concession
located in Panama. GCR has made the second option payment of US$50,000 and has
complied with the work commitment of the first year. During the first year GCR
carried out a geophysical survey and a drill program over several targets
within the Los Hatillos Concession. The results are being evaluated.
    Bellhaven has also made a property payment of US$1,000,000 to Central Sun
Mining (TSX: CSM) in compliance with the terms of the purchase agreement of
the Cerro Quema Gold Project.
    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: Julio Benedetti of Bellhaven Copper & Gold,
Inc., 507-226-3967; or Investors, Patrick Abraham, 507-340-9501, for Bellhaven
Copper & Gold, Inc. Web Site:

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