La Balsa Iron Ore Exploitation Agreement

Vancouver, B.C.: Bell Copper Corporation ("Bell Copper" or the "Company") (TSX-V Symbol: BCU) announces that the Company's wholly owned Mexican subsidiary Minera Montoro, S.A. de C.V. ("Montoro") has concluded an agreement with Argel Avil�s Cabrera ("Avil�s") whereby Avil�s has been granted the exclusive right to the exploitation of iron ore from Mining Lot 14 of the Company's La Balsa project near Lazaro Cardenas, Michoac�n, Mexico. Under the terms of the Agreement Avil�s agrees to the following:

1. To make payment of US$ 6.00 per extracted ton plus IVA for a minimum of 40,000 tons;
2. To start extraction within 60 days from the date of the Agreement;
3. To make an advance payment prior to any extraction of US$ 25,000.00;
4. To make weekly prepayments of US$1000.00 from the date of signing until the date of initial extraction;
5. To make payment for iron ore shipments every 30 days or risk cancellation of the contract after 60 days;
6. To maintain a minimum extraction rate of 6400 tons per three month period or risk cancellation of the contract;
7. To tender shipment documents to Montoro indicating the registered tons of each shipment with payment whether shipment is by rail or ocean;
8. To provide and pay for all required permits, environmental studies and regulatory approvals required for such exploitation activities in Mexico; and
9. To exempt Montoro of all liabilities related to the exploitation of the iron ore.