Bellhaven Announces Significant Corporate Changes

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/03/13 -- Bellhaven Copper & Gold Inc. (TSX VENTURE: BHV) ("Bellhaven" or the "Company") is pleased to announce corporate changes and to unveil strategic plans for the upcoming months. The Board of Directors has made the following corporate changes: Mr. Julio Benedetti, current President and one of the largest individual shareholders, has been named Chairman of the Board and CEO. Mrs. Milagros Paredes, current COO and CFO, has been designated President and COO. The Board of Directors has instructed management to immediately initiate the search for a new CFO. Dr. Paul Zweng, a former CEO of the Company and whose fund is one of its largest shareholders, has agreed to serve in a very active consultancy/advisory role.

The executive management team is meeting this week for a two-day strategy session led by Dr. Zweng to design jointly the new Bellhaven strategy, the details of which will be announced during the week of April 8th. Although the new strategy will not be fully designed until later this week, it can be stated now that we intend to move forward with an aggressive exploration and mine development program for the Company's 100%-owned La Mina porphyry gold-copper project. Comprehensive metallurgical studies, together with other new mine studies, will commence immediately and will provide the basis for an upcoming preliminary economic assessment. Actions are now being taken to move forward posthaste the start of the drilling program at La Garrucha. For the first time, Bellhaven will be able to drill the center of this large anomaly now that it has secured an option agreement for 100% control of the La Garrucha gold-copper prospect (see news release of March 26, 2013). In the past Bellhaven could only drill on the margins of the anomaly where drill-hole intercepts ended in greater than 1 g/t Au grades (e.g., final 3.31m of drill-hole LME-1047 averaged 1.01 g/t Au and 0.24% Cu, or 1.42 g/t Au equivalent and LME-1096 ended in nearly 11m of 1.10 g/t Au and 0.20% Cu or 1.40 g/t Au Equivalent.)

The Company will undertake new and significant efforts to reach out to shareholders and the investment community as part of this new path forward. The Company understands that large tonnage porphyry deposits such as La Mina may be currently out of favor in the market. But Bellhaven also understands that La Mina stands at the top end of the peer group (1 g/t AuEq) and believes in the potential for La Mina to generate attractive financial returns. The Company looks forward to actively and persistently presenting this theme to the investment community over the coming months.

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

"We have made changes at the corporate level to pave the way for these new strategic initiatives. We believe these changes are welcomed at a time when Bellhaven shareholders are being heavily punished in the stock market. We also intend to strengthen the Board of Directors as well as make any necessary future changes at the management level to advance the Company's flagship project. With 2.6 million Au Equivalent oz in the ground and counting, the Company has the assets to be a success--now is the time for Bellhaven to deliver on that promise."

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 Columbia 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 objective is to be a leader in responsible gold and copper development in Panama and Colombia. Bellhaven will focus 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) project 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 Company is currently seeking to grow these resources through 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.

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:

Corporate Contact in North America:

Mrs. Milagros "Millie" Paredes

President/Director

U.S.: (971) 344-1500
mparedes@bellhavencg.com


Corporate Contact in Panama:

Mr. Julio Benedetti

CEO/Chairman

Int'l: +507-226-3967
juliobenedetti@bellhavencg.com
www.bellhavencg.com