Belo Sun to Commence Trading on the Toronto Stock Exchange (TSX)

TORONTO, ONTARIO -- (Marketwire) -- 02/15/12 -- Belo Sun Mining Corp. (TSX VENTURE: BSX) (the 'Company' or 'Belo Sun') is pleased to announce its common shares will commence trading on the Toronto Stock Exchange ('TSX') at market open on Thursday, February 16, 2012. The Company's stock symbol will remain 'BSX'.

Mark Eaton, President and CEO of Belo Sun, stated: 'We are proud to join the senior Canadian exchange at this critical stage of our development. We believe trading on the TSX will enhance our already strong trading liquidity and attract a broader investor base to Belo Sun.'

The common shares of the Company are currently listed on TSX Venture Exchange under the symbol 'BSX'. The common shares of the Company will be delisted from TSX Venture Exchange on February 16, 2012, upon commencement of trading on TSX.

About the Company

Belo Sun Mining Corp. is a Canadian-based mineral exploration company with a portfolio of properties focused on gold in Brazil. Belo Sun's primary focus is on advancing and expanding its 100% owned Volta Grande Gold Project, located in Para State. Belo Sun currently trades on the TSX Venture Exchange under the symbol 'BSX'. For more information about Belo Sun please visit www.belosun.com.

Cautionary Statement on Forward Looking Information

This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements with respect to the effect and timing of the TSX listing on the Company, statements with respect to the development potential and timetable of the project; the estimation of mineral resources; realization of mineral resource estimates; the timing and amount of estimated future exploration; costs of future activities; capital and operating expenditures; success of exploration activities; currency exchange rates; government regulation of mining operations; and environmental risks. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including risks inherent in the mining industry and risks described in the public disclosure of the Company which is available under the profile of the Company on SEDAR at www.sedar.com and on the Company's website at www.belosun.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER 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:

Belo Sun Mining Corp.

Mark Eaton

President and CEO

(416) 309-2137
www.belosun.com