News Releases 2008
bellhaven copper & gold inc
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Mon December 1, 2008
Bellhaven Copper & Gold Announces Completion of
Non-Brokered Private Placement Offering of Convertible Debentures

Panama City, Panamá – December 1, 2008. Bellhaven Copper & Gold, Inc. (TSX-Venture:BHV) (the "Company") Further to its news releases of September 10, 2008 and October 15, 2008, th  Company announces the completion of a non-brokered private placement offering of convertible debentures, the terms of which are detailed in the earlier news releases, for gross proceeds of $1,044,305 (the "Debentures"). The net proceeds from the sale of the Debentures will be used by the Company for the development of its Cerro Quema gold project in Panama and for general working capital. The Debentures mature on October 29, 2009, subject to extension in accordance with their terms, and bear interest at the rate of 10% per annum. The securities acquired on conversion are subject to a 4-month hold period, expiring February 28, 2010.
Bellhaven Copper & Gold Inc. is a Panama-based mineral exploration and development company with a portfolio of gold and copper properties in the Republics of Panama and Colombia. The company has 31.479 Million shares issued and outstanding. For more information, please visit the web site at or call Patrick Abraham in Panama at 011-507-340-9500.
On behalf of the board of directors,
Julio C. Benedetti, President, CEO

TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Corporate Contact:                           Investor Relations Contact:
Julio Benedetti                                    Patrick Abraham
Int’l No: +507-226-3967                      Int’l No: +507-340-9501