Belvedere Resources Ltd.: Further High Grade Gold Drill Results and Commencement of Bulk Metallurgical Testing at Kopsa, Finland

VANCOUVER - Belvedere Resources Ltd. (TSX VENTURE: BEL) ("Belvedere") is pleased to announce the final drill results from a 4,300m programme of resource delineation drilling at its 100% owned Kopsa gold project. In addition large scale bulk metallurgical tests have commenced to follow up on the successful bench scale tests in 2011. The Kopsa gold, copper project is being evaluated as an open pit satellite mining operation to be processed at the Hitura Nickel mine and mill, which lies only 15 km away.


Highlights

- Individual assays of high grade gold include:.
0.82 m @ 47.5 g/t Au (BelKopDD 102)
1.50 m @ 44.7 g/t Au (BelKopDD 101)
1.83 m @ 37.7 g/t Au (BelKopDD 102)
1.25 m @ 34.1 g/t Au (BelKopDD 100)

- Infill results in the high-grade part of the main zone continue to deliver good results e.g.
60.89 m @ 2 g/t Au 0.20% Cu (BelKopDD 100)
57.89 m @ 1.82 g/t Au 0.24% Cu (BelKopDD 101B)


David Pym (CEO) comments "With the completion of this final phase of drilling, and the commencement of the bulk metallurgical sampling, the project is now moving into the evaluation phase. During this phase the necessary studies will be completed to determine Kopsa's suitability as a satellite mining project utilising the nearby Hitura Mill..."

Hole 	From 	To 	Interval 	Au ppm 	Cu ppm 	Au GM
BELKOPDD088 	39.44 	47.60 	8.16 	1.30 	2556 	10.64
BELKOPDD089 	7.21 	12.61 	5.40 	1.37 	2783 	7.39
BELKOPDD090 	12.73 	22.40 	9.67 	1.79 	1827 	17.29
BELKOPDD091 	30.91 	45.11 	14.20 	1.62 	2219 	22.99
BELKOPDD091 	71.61 	80.62 	9.01 	0.77 	1156 	6.92
BELKOPDD092 	12.65 	59.62 	46.97 	1.01 	1920 	47.56
BELKOPDD094 	10.13 	13.40 	3.27 	1.39 	2353 	4.53
BELKOPDD095 	5.25 	51.76 	46.51 	1.24 	1131 	57.78
BELKOPDD096 	79.09 	84.21 	5.12 	0.83 	589 	4.26
BELKOPDD096 	97.31 	121.60 	24.29 	0.88 	1732 	21.47
BELKOPDD097 	29.90 	43.20 	13.30 	1.38 	2756 	18.30
BELKOPDD097 	52.25 	58.87 	6.62 	1.90 	2018 	12.55
BELKOPDD097 	70.70 	83.20 	12.50 	1.04 	1091 	13.00
BELKOPDD099 	17.30 	34.84 	17.54 	0.65 	1613 	11.42
BELKOPDD099 	40.36 	81.42 	41.06 	1.27 	1066 	52.00
BELKOPDD100 	39.74 	97.63 	57.89 	1.82 	2351 	105.55
BELKOPDD101 	12.27 	74.11 	61.84 	1.84 	1813 	113.93
BELKOPDD101B 	12.12 	73.01 	60.89 	2.00 	1977 	121.73
BELKOPDD102 	18.98 	73.49 	54.51 	2.49 	1844 	135.48
BELKOPDD104 	46.60 	50.17 	3.57 	1.27 	7937 	4.52
BELKOPDD106 	24.85 	38.27 	13.42 	1.28 	3440 	17.14

Table 1: Intersections using a 0.5 g/t Au cut-off with a grade thickness greater than 3 gram meters. No top cut is applied. Maximum grade is 47.5g/t Au over 0.82m, one of seven individual samples over 15 g/t Au (0.5 oz/t). Intersections are estimated to be 85 - 100% of true width. Note 101B is a duplicate of drillhole 101.


About Kopsa

Kopsa belongs to the Intrusive Related style of deposits similar to the Fort Knox style of deposits in Alaska, and is one of a number of similar deposits Belvedere is developing in the region. Gold copper mineralization is associated with quartz veins and shearing and is hosted in a Proterozoic aged Tonalite Intrusion. The recent drill programme consisted of 4,320 metres over 44 holes, and is focused on, shallow near surface mineralisation in the main zone. Mineralisation in the Main Zone occurs largely between surface and 100m vertical, has a true thickness between 20 and 70m and dips shallowly to the south. It has now been delineated over a strike length of 650 metres, and remains open in all directions. Further mineralised zones have been intersected to the north and south of the Main Zone, and remain targets for future follow-up drilling.

The drilling was undertaken by Drillcon SMOY of Finland, providing 42 mm diameter core. Samples are comprised of half diamond core. Intersections are estimated to be 85% - 100% of true width. No top cuts are applied with the highest individual assay being 22.0 g/t gold over 1.08 metres. Core samples are sawn in half on site, prepped and assayed by 30g fire assay with an AAS finish at the internationally accredited laboratories of ALS Chemex in Finland. The quality assurance-quality control (QAQC) program of Belvedere consists of the insertion of certified standards of known gold content every 20 samples, with blanks at the beginning of each batch. In addition, ALS Chemex inserts a number of blanks and standards into the analytical process. Standards, blanks and duplicates make up approximately 15% of the samples assayed. The remaining half core is retained on site for verification and reference purposes. The locations of the drillholes are provided in the table below.

hole_ID 	x 	y 	z 	Depth 	azimuth 	dip
BELKOPDD087 	2561334 	7075235 	111.0 	68.65 	22 	50
BELKOPDD088 	2561324 	7075207 	111.9 	95.30 	20 	50
BELKOPDD089 	2561383 	7075214 	112.6 	62.70 	20 	50
BELKOPDD090 	2561310 	7075236 	111.2 	83.60 	20 	50
BELKOPDD091 	2561270 	7075201 	112.1 	110.50 	20 	50
BELKOPDD092 	2561235 	7075170 	113.3 	80.95 	20 	50
BELKOPDD093 	2561250 	7075221 	111.1 	83.75 	20 	50
BELKOPDD094 	2561341 	7075263 	110.9 	59.65 	20 	45
BELKOPDD095 	2561465 	7075145 	113.0 	89.62 	20 	50
BELKOPDD096 	2561359 	7075027 	112.7 	143.45 	20 	50
BELKOPDD097 	2561381 	7075099 	113.1 	86.40 	20 	50
BELKOPDD098 	2561429 	7075008 	112.8 	50.50 	20 	50
BELKOPDD099 	2561435 	7075089 	112.7 	86.40 	20 	50
BELKOPDD100 	2561460 	7075066 	114.0 	101.65 	20 	50
BELKOPDD101 	2561394 	7075204 	112.0 	82.58 	200 	45
BELKOPDD101B 	2561392 	7075200 	113.0 	101.35 	200 	45
BELKOPDD102 	2561354 	7075209 	112.2 	77.40 	200 	60
BELKOPDD103 	2561796 	7075136 	105.7 	55.45 	20 	45
BELKOPDD104 	2561775 	7075079 	106.3 	83.40 	20 	45
BELKOPDD104A 	2561775 	7075079 	106.3 	13.50 	20 	45
BELKOPDD105 	2561748 	7075122 	106.2 	59.60 	20 	45
BELKOPDD106 	2561725 	7075067 	107.0 	74.30 	20 	45

About Belvedere:

Belvedere Resources Limited is a Canadian incorporated mining company with a focus on nickel and gold in Finland. The company produces approximately 5 million pounds (2250 t) of nickel per annum in concentrate from the Hitura Nickel Mine, and has a considerable portfolio of advanced gold properties in Finland which are rapidly being moved along the development pipeline towards production.


Forward Looking Statement:

Some of the statements contained herein may be forward-looking statement, which involve known and unknown risks and uncertainties. Without limitation, statements regarding future plans and objectives of the Company (including statements relating to future resource and production targets) are forward looking statements that involve various degrees of risk. It is important to note that the Company's actual results could differ materially from those in such forward-looking statements.

The technical aspects of this statement have been prepared under the supervision of Pekka Lovén (MSc), who is acting as an Independent Qualified Person in compliance with National Instrument 43-101 with respect to this release. The data supporting this news release has been provided in a Surpac database and has been verified against the original laboratory assay certificates. The Qualified Person has not undertaken any independent sampling of the drill core.


BELVEDERE RESOURCES LTD.

David Pym, CEO; Suite #404, Vancouver World Trade Centre, 999 Canada Place, Vancouver. BC. 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 the contents of this release.



Contact Information

Humbercrest Capital Inc.
Scott Findlay
+1 647 274 2536
www.belvedere-resources.com