News Releases 2007 and before
bellhaven copper & gold inc
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Mon September 24, 2007
Bellhaven Announces Completion Of Private Placement

Vancouver, BC -- September 24, 2007, Bellhaven Copper & Gold, Inc. (TSX-Venture: BHV) ("Bellhaven" or the "Company") is pleased to announce that it has closed its non-brokered private placement previously announced on August 22, 2007. The Company has raised $2,510,955 through the issuance of 2,789,950 units. The units were sold at a price of $0.90 per unit and are comprised of one common share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at a price of $1.45 at any time prior to September 19, 2009. 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. All securities issued pursuant to this financing are subject to a four month hold period expiring January 21, 2008. The Company paid a corporate finance fee of $25,000 to PanAmerica Capital Group, Inc. In addition, the Company paid cash finder's fees aggregating $175,766, representing 7% of the proceeds raised and an aggregate of 251,096 finder's warrants equal to 9% of the units acquired by purchasers introduced by each finder, said finder's warrants to have the same terms and conditions as the warrants forming part of the units.

The proceeds of the financing will be used to fund exploration activity and for general working capital.

On behalf of the board of directors,

Julio C. Benedetti, President, CEO

Corporate Contact:                     Investor Relations Contact:
Julio Benedetti                              Miguel Villahermosa
Tel: (507) 226.3967                      Toll Free: 1.866.599.5930

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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.