Belvedere Resources Ltd. - Private Placement increased

    Exchange: TSX V Symbol: BEL

    VANCOUVER, March 26 /CNW/ - Following the news release on 23rd March,
where Belvedere Resources Ltd. ("the Company") announced a private placement
of between C$ 10-12 million at C$ 1.25 per share, the Company is pleased to
advise that the private placement has been increased to between
C$ 10-15 million at C$ 1.25 per share, with no warrants attached.
    The private placement will be a non-brokered private placement handled by
London stockbrokers Ocean Equities Ltd.
    The issue of the common shares is subject to regulatory approval.


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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