Belvedere intersects 5.3 g/t Au over 15.15 metres at Kiimala, and 1.5 g/t Au over 30.31 metres at Kopsa

    VANCOUVER, June 13 /CNW/ - Belvedere Resources Ltd. (the "Company") is
pleased to announce that the final assay results have been received from the
first four holes of the 2nd phase of diamond drilling on its 100% owned
Kiimala property in Central Finland. Drilling at Kiimala has focused on the
Angesneva occurrence, one of a number of sub-cropping historical gold
occurrences occurring over a 15 km strike length on the 300 km(2) property.
Previous drilling had intersected significant widths of gold, copper
mineralisation, the second phase is designed to follow the strike of the
mineralisation northwards. In addition widespread drilling completed at its
100% owned Kopsa gold copper property 50 km to the south further extends the
strike of the Kopsa main zone.
    David Pym (CEO) comments "The Angesneva occurrence continues to
demonstrate the potential of the Kiimala property. The highest grade
intersection occurs at the northern limit of the known strike and at the
deepest intersection to date; the prospects for continuations to the
mineralisation remain strong"

    Angesneva Occurrence: The 2nd phase of diamond drilling is planned to
total 2000m over eight holes. Results are presented here for the first four
holes, BelAng 5-8. The programme is designed to continue the intersections
from the Phase 1 programme further northwards on 25m spaced sections. The
mineralisation is hosted in a Proterozoic aged gabbro/diorite intrusive and
occurs in quartz veins and shear zones associated with pyrite, chalcopyrite,
arsenopyrite and pyrrhotite. The mineralisation has been intersected from
bedrock surface beneath a 1-3 metre depth of till to 280 metres vertically and
remains open along strike and at depth. Significant weighted average
intersections are summarised in the table below. True widths are estimated to
be 75 - 80% of the intersect widths. The drillhole plan can be viewed on the
company's website

    Hole             From(m)      To(m)     Interval(m)    Au g/t      Cu %

    BELANG005        113.35      192.34        78.99(*)      1.14      0.15

    includes         165.74      192.34        26.60         2.09      0.24

    BELANG006        198.40      280.76        82.36         0.97      0.12

    includes         217.69      224.34         6.65         2.86      0.16

    BELANG007        193.27      226.76        33.49         1.40      0.26

    includes         193.27      209.78        16.51         2.02      0.38

    BELANG008        247.18      320.86        73.68         1.73      0.13

    includes         272.87      283.95        15.15         5.31      0.31

    (*) Intervals are calculated allowing an internal dilution factor of
    5m @ 0.1 g/t Au, with a 0.6 g/t Au cutoff grade, maximum grade assayed
    is 18.65 g/t Au, no upper cut is applied.

    The thick low-grade intersections break into upper and lower higher grade
intervals as you move northwards. Importantly, the best interval to date,
intersected in BelAng 8, including a 5.4m interval assaying over 10 g/t Au
occurs at the currently known depth and strike extents of the mineralisation.
This seems to confirm a trend for the gold mineralisation to increase at depth
and along strike.

    Kopsa Property: The diamond drill programme consisted of 891.65 metres of
drilling over 12 holes. The program was designed to test regional geochemical
and geophysical anomalies both within the main part of the Kopsa intrusion,
and in structurally removed parts of the intrusion. BELKOPDD021 targeted the
North zone, and BELKOPDD022 - 023 targeted extensions of the Kopsa main zone.
True widths are estimated to be 70 - 80% of the intersect widths. Kopsa is
9 km from the Hitura Mine. The drillhole plan can be viewed on the company's

    Hole             From(m)      To(m)     Interval(m)    Au g/t      Cu %

    BELKOPDD021       45.75       54.23         8.48          0.9      0.44

    BELKOPDD022       30.92       32.89         1.97          2.1      0.10

    BELKOPDD022       43.65       44.36         0.71          5.6      0.18

    BELKOPDD022       56.00       86.31        30.31          1.5      0.16

    includes          82.06       86.31         4.25          6.0      0.38

    and               82.06       83.20         1.14         18.9      0.11

    BELKOPDD023       28.45       29.45         1.00         14.7      0.08

    BELKOPDD023       62.72       66.37         3.65          1.1      0.15

    BELKOPDD023       80.43       84.60         4.17          1.3      0.09

    BELKOPDD023      100.55      113.08        12.53          1.3      0.21

    BELKOPDD023      134.26      135.28         1.02          1.3      0.36

    BELKOPDD024       86.36       89.23         2.87          1.2      0.03

    BELKOPDD027       65.00       66.00         1.00          1.7      0.02

    BELKOPDD028       24.71       25.65         0.94          4.4      0.04

    BELKOPDD029       25.70       28.13         2.43          4.5      0.23

    BELKOPDD029       34.23       35.27         1.04          2.6      0.24

    The main zone at Kopsa has been extended along strike a further 50 metres
and remains open to the southeast. Narrow zones of gold copper mineralisation
were encountered in several of the regional target areas and remain to be
followed up.

    The drilling was undertaken by Suomen Malmi Oy of Finland, providing
57.5 mm diameter core. Samples are comprised of half diamond core. Core
samples are sawn in half on site, prepped at the ALS Chemex prep facility in
Sweden, and assayed by 30g fire assay with an ICPAES finish at the ALS Chemex
Vancouver Laboratory. The quality assurance-quality control (QAQC) program of
Belvedere consists of the insertion of certified standards of known gold
content every 20 samples, with blanks at the beginning and end of each batch.
In addition, ALS Chemex inserts a number of blanks and standards into the
analytical process. Standards, blanks and duplicates make up approximately 15%
of the samples assayed. Samples with unusually high gold values are reassayed
by ALS Chemex. The remaining half core is retained on site for verification
and reference purposes.

    About Belvedere:

    Belvedere Resources Ltd. is a publicly-listed junior resource company
engaged in the business of nickel production and exploring, discovering and
developing mineral wealth in Finland. The Angesneva occurrence is located on
the Kiimala property in western Finland, 30 km north of the Hitura Nickel
Mine. The Kopsa property is also located in western Finland and is 10 km
southeast of the Hitura Nickel Mine.

    Forward Looking Statement:

    Some of the statements contained herein may be forward-looking statement,
which involve known and unknown risks and uncertainties. Without limitation,
statements regarding potential mineralization and resources, exploration
results, and future plans and objectives of the Company are forward-looking
statements that involve various degrees of risk. Forward-looking statements in
this release include statements regarding the exploration potential of areas
and the overall potential of the projects. It is important to note that the
Company's actual results could differ materially from those in such
forward-looking statements.

    This statement is prepared by Dr. Toby Strauss, who is acting as
Qualified Person in compliance with National Instrument 43-101 with respect to
this release.


SOURCES LTD. David Pym, CEO The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release. %SEDAR: 00005717E

For further information:

For further information: David Pym: +44-7931-371869; Toby Strauss:
+353-87-9870344; Steve Cuthill: (604) 513-0007

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