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Message: NEWS - Bell Copper Amends Joint Venture Agreement

NEWS - Bell Copper Amends Joint Venture Agreement

posted on May 28, 2008 05:11AM

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 28, 2008) - Bell Copper Corporation ("Bell Copper" or the "Company") (TSX VENTURE:BCU) reports that in furtherance of the Company's increased focus on copper assets, the Company announces an amendment to the terms of its agreement with Callinan Mines Limited on its Fox River joint venture nickel property (the "Property") in north-eastern Manitoba in which the Company has earned a 30% interest.

The amended terms of the agreement provide for the following: (i) going forward, as Callinan expends funds on the Property, the Company's interest in the Property will be diluted based on the dilution provisions in the underlying agreement between Callinan and the underlying owner Bruce Dunlop; (ii) Callinan will keep the Company apprised of results of exploration on the Property and funds expended on the Property; (iii) at any time the Company may re-affirm its participation at whatever percentage it then has, taking into account the dilution which has taken place; (iv) if the Company's interest in the Property drops below 10% it automatically converts to an NSR; (v) if a "discovery" is made and the Company hasn't fallen below 10%, it may either sell its interest, subject to a right of first refusal to Callinan, or start funding its percentage share of the joint venture with the provision that if it falls below 10% it will convert to a net profit royalty, subject to the underlying agreement.

Bell Copper - Value through Production & Discovery

Bell Copper is focused on the development to production of the La Balsa copper mine in Michoacan, Mexico & the Granduc copper mine in British Columbia, Canada while continuing exploration and development of its pipeline of copper projects in some of the world's premier copper producing regions.

More information on Bell Copper: www.bellcopper.net

On behalf of the Board of Directors of Bell Copper Corporation

W. Glen Zinn, President and CEO

Forward-looking statements in this release are made pursuant to the 'safe harbor' provisions of the Private Securities Litigation Reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

For more information, please contact

Bell Copper Corporation
W. Glen Zinn
President and CEO
(604) 669-1484
(604) 669-1464 (FAX)
Email: info@bellcopper.net
Website: www.bellcopper.net
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