Bell Resources Corporation
TSX VENTURE : BL

Bell Resources Corporation

October 30, 2007 09:00 ET

Bell Resources Corporation: Phase II Drilling at Sombrero Butte Targets Suspected Underlying Porphyry System

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 30, 2007) - Bell Resources Corporation ("Bell") (TSX VENTURE:BL) announced today it has commenced the Phase II drilling program at its Sombrero Butte Property located in the Copper Creek district of Pinal County, Arizona. This second phase of drilling will continue to explore the nature of the suspected porphyry system linked to the previously drilled breccia pipes from the Phase I drill program.

With the initiation of this Phase II drill program, the proposed merger partners (Bell, Grandcru and Rogue River) now have 5 drill rigs operating on 4 copper projects in North America. These projects include, Mesa Well, Gryphon Summit, La Balsa and now Sombrero Butte.

The Phase II program includes two deep drill holes of approximately 4000 feet each. These deeper drill holes are targeted at testing the deeper underlying portions of the suspected porphyry copper system.

Geological evidence collected from the drill cores of the earlier Phase I drilling program are the basis for a Master's thesis study at the University of Arizona by Bell's project geologist, Amy Eichenlaub. Ms. Eichenlaub found that several breccia pipes revealed evidence such as mineralized porphyry dikes within the breccia, pervasive K- feldspar alteration, chalcopyrite + bornite mineralization, and stockwork style quartz + chalcopyrite + pyrite veins, all of which are strong indications of a potential underlying porphyry copper deposit at Sombrero Butte.

Extensive experience in the Copper Creek District from previous drilling by Bell's VP of Exploration immediately to the north of the Sombrero Butte project (see Redhawk Resources Inc. - RDK:TSXV) in the 1990's adds to the Company's knowledge of the breccia- porphyry copper relationship evidenced at Sombrero Butte.

Twenty-three drill holes have been completed on the project in the Phase I drill program, exploring eight of the twenty-plus known breccias. Highlights of the Phase I program are shown below:



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BRECCIA TARGET DRILL HOLE FROM TO METERS % CU
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Magna & Sunset SB-01 Leached breccia, no significant intercepts
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Magna SB-02 286m 334m 48m 1.06%
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incl. 318m 328m 10m 2.04%
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Campstool SB-03 272m 294m 22m 0.58%
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SB-03 470m 492m 22m 1.31%
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incl. 480m 492m 12m 2.06%
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Magna SB-04 Leached breccia, no significant intercepts
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Sunset SB-05 18m 40m 22m 4.74%
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Magna SB-06 330m 342m 12m 1.34%
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Sunset SB-07 38m 47.56m 9.56m 5.57%
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Sunset SB-08 44m 48m 4m 5.62%
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Rattler SB-09 96m 110m 14m 0.83%
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Rattler SB-10 no significant intercepts, leached breccia
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Rattler SB-11 312m 342m 30m 0.37%
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Audacious SB-12 12m 26m 14m 2.90%
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Audacious SB-13 22m 24m 2m 5.85%
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Audacious SB-14 20m 86m 66m 1.45%
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Audacious SB-14 34m 46m 12m 2.33%
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Audacious SB-15 16m 36m 20m 3.07%
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including 22m 28m 6m 5.69%
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Audacious SB-16 0m 14m 14m 1.71%
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SB-16 22m 46m 24m 2.12%
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including 22m 26m 4m 4.75%
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Audacious SB-17 0m 8m 8m 3.23%
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Audacious SB-18 0m 12m 12m 2.32%
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SB-18 22m 38m 16m 1.95%
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Audacious SB-19 20m 42m 22m 2.97%
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including 20m 24m 4m 5.91%
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including 34m 38m 4m 4.76%
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Sunset SB-20 4m 16m 12m 2.50%
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including 8m 12m 4m 4.03%
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Saguaro SB-21 no significant intercepts
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Victors SB-22 no significant intercepts
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Ms. Eichenlaub will oversee the drilling project as a Qualified Person as defined under NI43-101.

On September 4, 2007, Bell announced it had entered into a proposed business combination with Rogue River and Grandcru Resources Corporation ("Grandcru") (TSX VENTURE:GR), whereby the three companies will amalgamate to form one company and collectively benefit from the exploration potential of Bell and Grandcru's copper exploration assets and the near term production potential of Rogue River's La Balsa project.

About Bell Resources Corporation

Bell Resources is focused on the exploration and development of a diversified portfolio of copper base metal projects, with the most advanced being the past-producing Granduc Mine. The Company's strategic plan is focused on moving assets toward potential production, while continuing to target new acquisitions based on geological potential and economic viability. For further information on Bell Resources visit www.bellresources.com.

On Behalf of the Board of Directors of

Bell Resources Corporation

W. Glen Zinn, CEO, President & Director

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.

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