BHV

Bellhaven Copper & Gold Inc. (TSX VENTURE:BHV) ("Bellhaven" or the "Company") is
pleased to announce that the first drill hole collared over the core region of
the magnetic anomaly at La Garrucha delivered one of the Company's best
intercepts ever drilled in Colombia: 217 m of 1.3 g/t Au and 0.15% Cu or 1.54
g/t AuEq. Given these results together with the large size of the core of the
magnetic anomaly (350 m by 250 m), Bellhaven believes it now has made a major
discovery less than one km away from the Company's La Cantera and Middle Zone
prospects. The Company also believes that the discovery at La Garrucha confirms
that clusters of high-grade gold-(copper) porphyry deposits occur at La Mina and
as such, La Mina holds the potential to form a new and significant gold-porphyry
district in the Middle Cauca Belt of Colombia.


Highlights of Discovery Hole LME-1100 include:



--  LME-1100 cut four gold-(copper) intercepts, with the first occurring
    near the surface (less than 13 m vertical depth) (See Table 1); 
--  The long, 217-m interval averaging 1.3 g/t Au and 0.15% Cu (1.54 g/t
    AuEq) contains a 36-m subinterval of higher-grade material averaging
    2.25 g/t Au and 0.30% Cu (2.70 g/t AuEq), and 
--  The La Garrucha discovery hole is located less than one km away from the
    La Cantera and Middle Zone prospects where 2.55 Moz gold equivalent have
    been delineated in accordance with NI 43-101 (see press release dated
    July 9, 2012). 



For figures showing a plan map and cross section highlighting the new drill hole
announced in this press release (LME-1100), please use the link below: 


http://media3.marketwire.com/docs/bhv605-Figs.pdf.

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

"This drill hole is highly significant to Bellhaven as it marks our third
discovery at La Mina after the two discoveries at La Cantera and the Middle
Zone. It is exciting that our discovery hole at La Garrucha is also one of the
best holes ever drilled by the Company. It took until drilling the 22nd hole at
La Cantera, one of the highest grade porphyry gold-(copper) deposits in the
Americas, before a 200-m intercept averaging over 1 g/t Au was delivered
(LM-DDH-22: 236 m @ 1.04 g/t Au and 0.45% Cu or 1.80 g/t AuEq-see press release
dated May 9, 2011). It is rather unusual and noteworthy for a company to drill
such a remarkable exploration hole on its first attempt." 


"The large and intense magnetic anomaly is what led us to drill at La Garrucha.
As indicated before, this anomaly is almost twice the size as the one over La
Cantera where Bellhaven delivered a resource of 1.6 Moz AuEq after 14 months of
drilling its first hole. The fact that such high grade is associated with the
anomaly over La Garrucha, as evidenced by LME-1100, bodes well for this
prospect. We are looking forward to drilling more holes at La Garrucha and
announcing a stream of drilling results over the months ahead." 


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.


Discussion of Drilling Results

LME-1100 was collared on May 9th and completed on May 19th, after reaching a
down-hole depth of 414.52 m (see Table 2). The drill-hole was designed to test
the northwestern portion of the core of the large magnetic anomaly occurring
over the La Garrucha prospect (see Figure 3). The northwestern portion was
selected over the central portion because prior drilling indicated that
attractive grades of gold and copper occurred in this northern area (e.g., the
last 10.81 m of LME-1096 delivered 1.10 g/t Au and 0.20% Cu-see press release
dated February 28, 2013). Future drilling will be directed to the southeast over
the central core region after a few more holes are completed in the area of
LME-1100.


The first two intervals cut by LME-1100 are hosted by higher-level sericitic
alteration (quartz-sericite-pyrite/Fe-oxides) characteristic of the upper levels
of porphyry deposits. In contrast, the third and fourth intervals (as well as
the higher-grade subinterval) occur in potassic alteration
(biotite-Kfeldspar-magnetite-chalcopyrite+/-bornite) characteristic of deeper
levels of porphyry deposits. This is significant to note because at the
neighbouring La Cantera prospect (see Fig 2), gold and copper are hosted in
rocks overprinted by potassic alteration (significant amounts of sericitic
alteration do not occur at La Cantera), suggesting that the full vertical
profile of the deposit is preserved at La Garrucha, unlike La Cantera.




Table 1. New Drill-Hole Results for La Garrucha Gold-(Copper) Project, La   
 Mina, Colombia                                                             
----------------------------------------------------------------------------
             From      To  Intercept     Au     Cu     Ag   AuEq            
Drill Hole    (m)     (m)        (m)  (g/t)    (%)  (g/t)  (g/t)    Prospect
----------------------------------------------------------------------------
LME-1100    13.76   28.96      15.25   0.41   0.03    2.0   0.45 La Garrucha
----------------------------------------------------------------------------
and         99.06  121.00      21.94   0.38   0.05    1.0   0.46 La Garrucha
----------------------------------------------------------------------------
and        143.00  359.80     216.80   1.31   0.15    5.6   1.54 La Garrucha
----------------------------------------------------------------------------
including  270.96  307.43      36.47   2.25   0.30    5.9   2.70 La Garrucha
----------------------------------------------------------------------------
and        379.00  397.76      18.76   0.59   0.09 9.1(1)   0.73 La Garrucha
----------------------------------------------------------------------------



Footnote 1: Includes 6.70 m grading 22.0 g/t Ag within the 18.76 m intercept.
Intercepts calculated using a 0.40 g/t AuEq cut-off grade. AuEq = gold
equivalent (g/t). For information on calculation of AuEq grades, please see
Forward-Looking Statements below. Gold and copper grades capped at 5 g/t Au and
2% Cu, respectively. Intercepts reported as down-hole lengths and may not
represent true thicknesses. 




Table 2. Drill-Hole Data for La Mina Gold-(Copper) Project, Colombia        
----------------------------------------------------------------------------
                                             Azimuth Plunge   Total         
Hole       East UTM   North UTM   Elevation    (deg-  (deg-  Length         
Number   Coordinate  Coordinate  (m.a.s.l.)    rees)  rees)(metres) Prospect
----------------------------------------------------------------------------
LME-1100 420,026.27  654,714.28     1961.06      225    -75  414.52       La
                                                                    Garrucha
----------------------------------------------------------------------------



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: 
Bellhaven Copper & Gold Inc. - North America:
Mrs. Milagros "Millie" Paredes
President/Director
(971) 344-1500
mparedes@bellhavencg.com


Bellhaven Copper & Gold Inc. - Panama:
Mr. Julio Benedetti
CEO/Chairman
+507-226-3967
juliobenedetti@bellhavencg.com
www.bellhavencg.com

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