Bellhaven Revises Private Placement

    VANCOUVER, British Columbia, Aug. 22 /CNW/ -- Bellhaven Copper & Gold,
Inc. (TSX-Venture: BHV) ("Bellhaven" or the "Company") announces that due to
extreme market conditions the Company will not be proceeding with the brokered
private placement announced in its news release of August 3, 2007. In its
place Bellhaven will be undertaking a non-brokered private placement of units
to raise up to $2,500,000. The units will be priced at $0.90 and will be
comprised of one common share and one-half of a share purchase warrant with
each whole warrant entitling the holder to acquire a further common share at a
price of $1.45 for a period of two years. 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.
    Bellhaven has agreed to pay Pan America Capital Group, Inc. a corporate
finance fee of $25,000 in connection with the private placement and may also
pay finders fees in accordance with the policies of the TSX Venture Exchange.
    Proceeds of the private placement, which will be more than sufficient to
address the company's mid-term working capital needs, will be used to fund
exploration activity and for general working capital.  As the market
stabilizes Bellhaven may consider additional financing opportunities.
    This private placement remains subject to the acceptance of the TSX
Venture Exchange.

    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.
Additionally, this document may contain certain forward-looking statements
which involve known and unknown risks, delays, and uncertainties not under the
Company's control which may cause actual results, performance or achievements
of the Company to be materially different from the results, performance or
achievements implied by these forward looking statements.
    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: Julio Benedetti, +1-507-226-3967, or Investors,
 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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