Vancouver, B.C.: Bell Copper Corporation ("Bell Copper" or the "Company") (TSX-V Symbol: BCU) announces the Company has entered into an agreement with Teuton Resources Corporation ("Teuton") for a 100% interest in the Silver Leduc claims which surround the Company's Granduc Crown Claims in the Stewart Mining Camp of North Western British Columbia. In exchange for the 100% interest, Teuton will retain a 1.5% NSR (the "NSR") on the Silver Leduc claims and on Bell's four claims to the north of the Silver Leduc Claims (#415486, #415487, #415488 and #415489). Bell's Granduc Crown Claims are excluded.The NSR is subject to an Annual Advance Royalty Payment of $50,000 comprised of cash and shares (the "Advance Royalty"). The cash component of the Advance Royalty will be $25,000 and the share component will be $25,000 payable in common shares to be calculated as the average price of the shares of the Company over the previous 10 trading days prior to the annual December 31 payment date.The Granduc Mine is a former copper producer located in the prolific Stewart Mining Camp in North Western B.C. Historically the property produced 420 million pounds of copper (plus gold and silver credits) mined across approximately 750 meters strike length until the mine closed due to low copper prices in 1984. Prior to the closure of the mine, remaining in-situ resources (see May 20, 2005 NI43-101 Technical Report) were estimated to be 5,083,178 tonnes grading 1.84% copper (non NI 43-101 compliant), not including the copper-rich massive sulphide mineralization in the North Zone (Schmidt, et al 1983). Historic resource calculations (non NI43-101) for the North Zone include two adjacent pods of 2.05 million tonnes averaging 1.84% copper and 1.48 million tonnes averaging 1.51% copper (Freckelton et al, 1982). The Company does not rely on these historic estimates because it does not have original assay sheets, specific gravity determinations, or quality control data that would be needed to verify the resource. A qualified person has not done sufficient work to classify these historical estimates as current mineral resources. The Company is not treating the historic resource estimates as current NI43-101 defined resources verified by a qualified person. The Company believes that these numbers are relevant as geological information for the purposes of targeting future exploration, and they are indicative of geological potential. For more information on historical resources at the Granduc mine, the reader is directed to the BC Ministry of Energy, Mines & Petroleum Resources MINFILE on the Internet at http://minfile.gov.bc.ca/Summary.aspx?minfilno=104B++021.Timothy Marsh, PhD, PEng, a Qualified Person as defined by National Instrument 43-101 and Vice President of the Company, has reviewed and verified the technical information contained in this news release.About Bell CopperBell Copper is focused on the exploration and development of copper assets in the Americas through internal efforts and via strategic partnerships.More information on Bell Copper: www.bellcopper.netOn behalf of the Board of Directors of Bell Copper Corporation"Brian Leeners"Brian Leeners, CFO & DirectorFor further information please contact the Company Tel: 604 669-1484 or email: firstname.lastname@example.orgNEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
You can also view this News Release on our website at:http://www.bellcopper.net/s/News_Releases.asp?ReportID=376551