Belvedere Resources Ltd.: Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 27, 2014) - Belvedere Resources Ltd. (TSX VENTURE:BEL) ("Belvedere" or the "Company") is pleased to announce that, further to its news release of November 20, 2014, it has increased the size of its previously announced non-brokered private placement. The modified terms of the private placement will now provide for the issuance of up to 21,428,571 common shares at a price of C$0.07 per share for gross proceeds of up to $1,500,000.

The net proceeds from the private placement will be applied to the general working capital of the Company. Finder's fees may be payable with respect to the private placement, subject to TSX Venture Exchange ("Exchange") acceptance.

The private placement is subject to acceptance and approval by the Exchange.

BELVEDERE RESOURCES LTD.

David Pym, CEO; Suite #404, Vancouver World Trade Centre, 999 Canada Place, Vancouver, B.C. V6C 3E2, Canada

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