Bellhaven Receives Spectral Analyses Showing Widespread Advanced-Argillic and Silicic Alteration at the Bejucosa Prospect at Pitaloza, Panama

PANAMA, REPUBLIC OF PANAMA–(Marketwire – July 8, 2010) – Bellhaven Copper & Gold Inc. (TSX VENTURE:BHV – News; “Bellhaven” or the “Company”) is pleased to announce that widespread silicic and advanced-argillic (higher temperature) alteration-hallmark features of gold-bearing rocks associated with high-sulphidation epithermal gold deposits-occur over the eastern portions (approx.250 m by 400 m) of the Bejucosa prospect at Pitaloza. This area has been largely un-sampled to date. In contrast, the western portions (approx.350 m by 400 m) are characterized by intermediate-argillic (lower temperature) alteration occurring outboard of gold-bearing feeder zones. Gold in the feeder zones is believed to be associated with silicic fragments transported upwards a minimum 75-m distance from depth. Trench A exposes such a feeder zone measuring 18-m wide and averaging 4.36 g/t Au. Three exploration gold targets are now apparent at Bejucosa: (1) silicic-altered rocks exposed in the eastern portion of the prospect; (2) silicic-altered rocks inferred at shallow depths in the western portion, and (3) feeder zones occurring throughout the western and eastern portions of the prospect.

Paul Zweng, Bellhaven’s Interim CEO and Director, commented as follows:

“The spectral analyses demonstrate conclusively that Bejucosa represents a high-sulphidation epithermal gold prospect. Furthermore, some of the most prospective rocks-those altered to silicic- and advanced-argillic alteration assemblages-are exposed over broad areas throughout the eastern portion of the project where sampling has been very limited. For instance, the only historical trench in this area, Trench 4, failed to reach bedrock. We will be remedying that situation shortly by implementing an extensive channel sampling program.”

“Our understanding of the alteration and mineralization patterns at Bejucosa is coming together. We now have multiple targets identified. The feeder-zone targets are well defined both by the IP geophysical survey (see press release of June 3rd) and by the recent trenching program. These targets are characterized by high grades-such as the 4-plus grams per tonne of gold sampled across the 18-m wide feeder zone exposed in Trench A. The other major target, the silicic-altered rocks, holds the potential to develop larger tonnages, albeit at lower grades. These are the rocks that have been largely ignored in the past and will be the focus of the channel sampling program. They occur throughout the eastern area and are believed to underlie most of the western area at shallow depths based on the fragments contained in the feeder zones.”

You can read the rest of this release and more information at www.bellhavencg.com.