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VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 19, 2011) -
Bellhaven Copper & Gold Inc. (TSX VENTURE:BHV) ("Bellhaven" or the "Company") is pleased to announce that it has closed its bought deal private placement (the "Offering") with Dundee Securities Ltd. ("Dundee") as previously announced on April 27, 2011. The Company has raised $5,005,000 through the issuance of 9,100,000 units (the "Units") at a price of $0.55 per Unit. Each Unit consists of one common share (a "Share") of the Company and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one Share of the Company at a price of $0.80 for a period expiring May 19, 2013. The Warrants will not be listed for trading.


Dundee received a cash commission of $350,350 and 637,000 broker's warrants entitling them to acquire up to 637,000 Units at a price of $0.55 per Unit until May 19, 2013.


All securities issued in connection with the Offering are subject to a hold period expiring September 20, 2011.


The Company intends to use the net proceeds of the private placement for the advancement of the La Mina and Pitaloza projects, exploration and general corporate purposes.



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 become among the best gold-copper companies operating in Panama and Colombia by discovering, acquiring, and developing high-quality resources in a safe and responsible manner to the benefit of all of its stakeholders.


The Company's principal assets include the La Mina porphyry gold-(copper) project in the Middle Cauca belt of Colombia, the Pitaloza and three other high-sulphidation epithermal gold-(copper) and porphyry copper prospects located on the Azuero Peninsula in Panama.


On behalf of the board of directors,


Paul L. Zweng, Interim CEO & Director



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.





FOR FURTHER INFORMATION PLEASE CONTACT: Bellhaven Copper & Gold Inc.
Corporate Contact in North America
Paul Zweng
Interim CEO/Director
+1-808-377-1947
pzweng@bellhavencg.com
ORBellhaven Copper & Gold Inc.
Corporate Contact in Panama
Julio Benedetti
President/Director
Int'l No: +507-226-3967
http://www.bellhavencg.com/">www.bellhavencg.com