Bell Copper Amends Purchase Agreement with Copper Fox Metals and Completes Sale of Sombrero Butte Property and Van Dyke BLM Claims in Arizona

09/10/2012 07:01 AM ET

TORONTO, ONTARIO, Sep 10, 2012 (MARKETWIRE via COMTEX News Network) -- Bell Copper Corporation ("Bell Copper" or the "Company") (TSX
VENTURE: BCU) announces that it has amended the purchase agreement
(the "Purchase Agreement") between Bell Copper and Copper Fox Metals
Inc. ("Copper Fox") (TSX VENTURE: CUU) and completed the sale to
Copper Fox of the Sombrero Butte property located in Pinal County,
Arizona (the "Sombrero Butte Property") and all Bureau of Land
Management (Arizona) lode claims (the "Van Dyke BLM Claims") that
Bell Copper has located which are adjacent to Bell Copper's interests
in the Van Dyke copper deposit located in Miami, Arizona (the "Van
Dyke Property").

The Purchase Agreement has been amended to provide for the
acquisition by Copper Fox of the Sombrero Butte Property and Van Dyke
BLM Claims separately from the Van Dyke Property by paying to Bell
Copper Cdn$1,000,000 for the Sombrero Butte Property and Van Dyke BLM
Claims and Cdn$1,000,000 for the Van Dyke Property and assuming Bell
Copper's continuing obligations in respect of such properties. The
total consideration for the properties remains Cdn$2,000,000 in cash
(see the press release issued by the Company on July 9, 2012).

Copper Fox has completed the acquisition of the Sombrero Butte
Property and the Van Dyke BLM Claims by paying to Bell Copper
Cdn$1,000,000 and assuming Bell Copper's continuing obligations in
respect of the Sombrero Butte Property and the Van Dyke BLM Claims.

Bell Copper has tendered into escrow all of the closing deliveries
required to complete the acquisition of the Van Dyke Property
pursuant to the purchase and sale and royalty agreement (the "Van
Dyke Agreement") between Bell Resources (Nevada) Corporation, a
wholly-owned subsidiary of Bell Copper, and Bennu Properties, LLC,
Albert W. Fritz Jr. and Edith Spencer Fritz (collectively, the
"Vendors")(see the news release issued by Bell Copper on March 12,
2012). As of the date of this news release, the Vendors have not
complied with their obligation to sell the Van Dyke Property to Bell
Copper, and therefore Bell Copper intends to aggressively pursue its
legal rights in respect of the Van Dyke Agreement. Upon Bell Copper
completing the acquisition of the Van Dyke Property from the Vendors,
Copper Fox will acquire the Van Dyke Property from Bell Copper for
Cdn$1,000,000.