Bellhaven Initiates Metallurgical Studies for La Garrucha Gold-(Copper) Prospect, La Mina, Colombia

Bellhaven Copper & Gold Inc. (TSX VENTURE:BHV) ("Bellhaven" or the "Company") is
pleased to announce the initiation of metallurgical studies at Bellhaven's La
Garrucha, La Cantera, and Middle Zones porphyry gold-(copper) prospects at La
Mina, Colombia. The metallurgical testing will be the first for La Garrucha
where the Company only recently announced the 217-m intercept of 1.3 g/t Au and
0.15% Cu (1.5 g/t AuEq) contained in its discovery hole (see press release dated
June 5, 2013). The testing for La Cantera and Middle Zone would build on the
initial metallurgical work demonstrating that a conventional flotation process
can yield high recoveries of up to 85 to 90% of gold and copper to produce a
high-quality, clean, commercial-grade concentrate (see press release of November
15, 2011). 


The program will be guided by Mr. Gregory Chlumsky of InterPro Development
(Lakewood, Colorado). Mr. Chlumsky has been responsible for the due diligence
for several copper/gold projects that are now in production. Mr. Chlumsky was
the general manager of projects for the Colorado School of Mines Research
Institute (CSMRI) and the principal process engineer for Pincock Allen & Holt
(now RungePincockMinarco) and Chlumsky, Armbrust & Meyers (CAM). He recently has
retired from CAM.


Julio Benedetti, Bellhaven's CEO and Chairman, commented as follows:

"The commencement of metallurgical testing for La Garrucha reflects our
confidence that this prospect will make a significant addition to the 2.55 Moz
of gold-equivalent resource already established for the other La Mina prospects,
La Cantera and Middle Zone. We want to advance aggressively each of these
prospects to a preliminary economic study and today's announcement represents a
significant milestone towards that end. In addition, we are looking forward to
conducting our second round of metallurgical testing for La Cantera and Middle
Zone where the initial study demonstrated high levels of recovery for both gold
and copper." 


"The drill continues to turn at La Garrucha where we have just completed
drilling the fourth hole of our La Garrucha drilling program. We anticipate that
the core from this drill hole will supplement the core already drilled in the
three previous holes to form the feed for the metallurgical study."


In accordance with National Instrument 43-101, it is noted that the potential
quality and grade at La Garrucha is conceptual in nature, that there has been
insufficient exploration to define a mineral resource, and that it is uncertain
if further exploration will result in a target being delineated as a mineral
resource.


This news release has been prepared under the supervision of Mr. Thomas J.
Drown, P.Geo. Mr. Drown has more than 25 years relevant experience and is a
British Colombia Professional Geoscientist. He is a senior project geologist
with the Company at the La Mina Project and serves as the qualified person as
defined by National Instrument 43-101.


About Bellhaven

Bellhaven Copper & Gold Inc. is a Canadian-listed (TSX VENTURE:BHV) exploration
company exploring for gold and copper in Panama and Colombia. The Company's goal
is to be a leader in gold and copper development in Panama and Colombia.
Bellhaven focuses on discovery, acquisition, and development of high-quality
resources in a safe and responsible manner for the benefit of all of its
stakeholders.


The Company's flagship project is the La Mina porphyry gold-(copper) porphyry
deposit in the Middle Cauca belt of Colombia. The total La Mina resource now
includes 1.6 Moz gold and 419 million pounds of copper (or 2.55 Moz gold
equivalent) contained in 79.9 million tonnes averaging 0.62 g/t Au, 0.24% Cu, or
a gold equivalent grade of 1.0 g/t (based on a 0.30 g/t Au cutoff grade). The
average grade of 1.0 g/t gold equivalent makes La Mina one of the highest grade
gold-(copper) porphyry deposits in the Americas. The Company is currently
seeking to develop and to grow these resources through mine development ongoing
exploration on the La Mina concession. For more information regarding Bellhaven,
please visit our website at www.bellhavencg.com. 


On behalf of the board of directors,



Julio Benedetti, CEO & Chairman of the Board of Directors                   
BELLHAVEN COPPER & GOLD INC.                                                



Forward-Looking Statements

Statements in this press release, other than purely historical information,
including statements relating to the Company's future plans and objectives or
expected results, may include forward-looking statements. Forward-looking
statements are based on numerous assumptions and are subject to all of the risks
and uncertainties inherent in resource exploration and development. As a result,
actual results may vary materially from those described in the forward-looking
statements.


Gold equivalent grades have been calculated using the following formula: AuEq =
Au(g/t) + (Cu(%)) x (%Recoverable Cu / %Recoverable Au) x (Net Cu Price/Net Au
Price) x (%Payable Cu / %Payable Au x 22.0462 x 31.1035). Metal recoveries are
estimates based on metallurgical results announced in Bellhaven's news release
dated Nov. 15, 2011. Net metal prices for gold and copper are the long-term
forward-curve metal price minus refining charge. Metal prices based on the
long-term forward curve are as of May 8, 2013 (US$1482 for gold and $3.40/lb for
copper). Metal refinery charges and % payable metal by the smelter are estimates
based on third-party consultants. Metal prices, refinery charges and % payable
metal are not constant and are subject to change. Mineral resources are not
mineral reserves and do not have demonstrated economic viability. There is no
certainty that all or any part of the mineral resources will be converted into
mineral reserves. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Corporate Contact in North America:
Mrs. Milagros "Millie" Paredes, President/Director
U.S. Tel: (971) 344-1500
mparedes@bellhavencg.com


Corporate Contact in Panama:
Mr. Julio Benedetti, CEO/Chairman
Int'l No: +507-226-3967
juliobenedetti@bellhavencg.com
Bellhaven Copper & Gold Inc. (TSXV:BHV)
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