U.S. Markets closed

Bellhaven Completes ZTEM Survey Ahead of Schedule at La Mina Project, Colombia

LA MINA, COLOMBIA--(Marketwire - Dec 13, 2012) - Bellhaven Copper & Gold Inc. (TSX VENTURE:BHV) ("Bellhaven" or the "Company") is pleased to announce that the first ZTEM (airborne electro-magnetics) survey in the Middle Cauca Belt of Colombia has been successfully completed ahead of schedule. The Geotech crew and helicopter were based out of the La Mina exploration camp, and they worked closely with the Bellhaven team to accomplish the survey with only 5 days of flying. This focus and productivity minimized the Company''s exposure to costly stand-by or other possible logistical delays.

Bellhaven opted to extend the survey by approximately 80 line kilometers in order to complete coverage over a concession that it is in negotiations to acquire. The resulting data coverage for Bellhaven''s portion of the survey is approximately 212 line kilometres at 200m line spacing. The completed helicopter-borne geophysical survey included a total of 799 flight kilometres, which was shared with a neighboring exploration company and included minimum 10km line segments. During the next week, the Company will post photos, videos, and maps pertaining to the ZTEM survey on its website (www.bellhavencg.com).

The ZTEM Electromagnetic (EM) system is an innovative technique making use of naturally occurring or passive EM fields from worldwide thunderstorm activity as the source of transmitted energy. The passive source combined with a proprietary receiver design, advanced digital electronics, and signal processing results in low noise levels, exceptional resolution, and unparalleled depth penetration. It has been used successfully to identify and map porphyry style mineral systems from Alaska to Chile.

The data have passed quality control reviews and processing and interpretation work is underway. In coordination with Geotech, Condor Consulting out of Denver, Colorado will be providing expert modeling and interpretive assistance. The Company expects to receive interpreted results and other work products in January.

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. In July 2012, the Company increased the mineral resource inventory at the La Mina Project by 60% with the announcement of an inferred resource at Middle Zone. 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 79.87 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,

R. Patrick Highsmith, Chief Executive Officer


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.