BHV

Bellhaven Copper & Gold Inc. (TSX VENTURE:BHV) ("Bellhaven" or the "Company") is
pleased to announce that the renegotiation of the earn-in agreement for 100% of
the La Mina gold-(copper, silver) project in Colombia. The significant changes
to the original deal announced on May 17, 2010, are that the remaining payments
have been pushed back until December, 2014 ($500,000) and April, 2015
($1,000,000). All the other terms of the original contract remain in place. The
new earn-in schedule is as follows (see Table 1):




Table 1.Revised Project Earn-In Schedule                                    
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Cash          BHV Common                       Payment                      
Payments      Stock Payments    Total Value    Dates           BHV Vested   
(US$)         (US$)             (US$)          (dd/mm/yr)      Ownership (%)
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$ 100,000                       $ 100,000      Paid                         
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$ 100,000                       $ 100,000      Paid                         
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$ 100,000     $ 100,000         $ 200,000      Paid                         
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$ 300,000     $ 100,000         $ 400,000      Paid            10%          
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$ 600,000                       $ 600,000      Paid            19%          
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$ 600,000     $ 600,000         $ 1,200,000    Paid            35%          
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$ 600,000                       $ 600,000      Paid            43%          
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$ 500,000                       $ 500,000      Paid                         
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              $ 800,000         $ 800,000      15-Apr-2014     60%          
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$ 500,000                       $ 500,000      15-Dec-2014     67%          
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$ 1,000,000                     $ 1,000,000    15-Apr-2015     80%          
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$ 4,400,000   $ 1,600,000       $ 6,000,000    Total Cumulative Payments    
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1. Complete NI 43-101 compliant feasibility study                           
2. Establish Proven & Probable gold reserve (oz Au)                         
3. Pay US$20/oz on 20% of proven reserve oz's contained in     100.0%       
feasibility study                                                           
                                                                            
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Julio Benedetti, Bellhaven's CEO and Chairman, commented as follows:

"We appreciate that we have a strong earn-in partner who graciously allowed us
to defer the remaining cash payments for over a year. We remain bullish on La
Mina where we recently completed a positive preliminary economic assessment
demonstrating the potential for a viable mining operation and low-cost of
production (see news release dated Sept 30, 2013). And we continue to remain
bullish on the neighbouring La Garrucha prospect where our last drill hole
delivered 271 m of 1.03 g/t gold and 0.13% copper (see news release dated Sept
10, 2013)." 


"We look forward to recommencing our mining studies at La Mina and our drilling
campaign at La Garrucha in the months ahead." 


Cautionary Statement: The PEA Study is preliminary in nature and includes
Inferred Mineral Resources that are considered too speculative geologically to
have the economic considerations applied to them that would enable them to be
categorized as Mineral Reserves. There is no certainty that the conclusions
reached in the PEA Study will be realized. Mineral Resources that are not
Mineral Reserves do not have demonstrated economic viability.


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-V: 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

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