March 21, 2007
Bellhaven Copper & Gold Receives First Cash Installment of USD$500,000 for Cerro Chorcha Joint Venture With Empire Minerals Corp
Bellhaven Copper & Gold, Inc. (TSX-Venture: BHV) ("Bellhaven" or the "Company") further to its release of March 7, 2007, Bellhaven Copper & Gold is pleased to announce that it has received the first of four USD$500,000 cash installments from Empire Minerals Corp. (OTC: EMPL - News) arranged through an option agreement that allows Empire to acquire an interest in Bellhaven's Cerro Chorcha Copper Property. Over the next 3 years, Empire will pay an additional USD$1.5 million in cash, USD$4 million in stock, and USD$15 million in exploration and development expenditures at Cerro Chorcha, to earn a 65% interest in the Cerro Chorcha Copper Property. Upon delivery of a bankable feasibility study, Empire will earn an additional 10% for a total of 75% interest in the property. Bellhaven will pay an unrelated, arm's length party a finder's fee in connection with the Empire option agreement. Bellhaven Copper & Gold Inc. is a Panama-based mineral exploration company with a portfolio of gold and copper properties in the Republic of Panama. The company has issued 20,793,151 shares and has no debt. For more information, please visit the web site at www.bellhavencg.com , or call Miguel Villahermosa toll free at 1-866-599-5930.
On Behalf of the board of directors, Julio C. Benedetti, President, CEO BELLHAVEN COPPER AND GOLD, INC.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
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