Bell Copper Corporation
TSX VENTURE : BCU

Bell Copper Corporation

February 25, 2009 20:00 ET

Bell Copper Corporation: Debenture Financing Completed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 25, 2009) - Bell Copper Corporation ("Bell Copper" or the "Company") (TSX VENTURE:BCU) announces that it has received proceeds of $750,000 under the Debenture Financing announced on December 11, 2008. The Company has issued convertible debentures having a face value of $750,000 at an issue price of CDN $0.05. The Debentures have a two-year term and bear interest at 1% per month payable in common shares of the Company. Each debenture will be convertible into units (the "Units") at a conversion price of $0.05 per Unit for the first year and $0.085 per Unit for the second year at any time prior to expiry. Full conversion of the debenture financing would result in the issuance of 15,000,000 Units. Each Unit will be comprised of one common share and one share purchase warrant (the "Unit Warrant") of the Company exercisable at a price of $0.10 per common share for two years from closing. The Debentures are subject to the right of the Company to accelerate the Conversion Date by requiring conversion of the Convertible Debentures if the common shares of the Company trade at $0.35 or higher for a period of 20 consecutive trading days. The Unit Warrants are subject to the right of the Company to accelerate the exercise period for the Unit Warrants if the common shares of the Company trade at $0.50 or higher for a period of 20 consecutive trading days. The Debentures will be secured by a General Security Agreement over the assets of the Company, other than its subsidiary Rogue River Resources Corp.

Any securities issued upon conversion of the Debenture will be subject to a four month hold period.

The Company has paid a finder's fee to various finders equal to 8% of the amount subscribed in accordance with the policies of the TSX Venture Exchange. This financing is subject to approval of the TSX Venture Exchange.

Proceeds of this financing will be used for general working capital.

Gryphon Summit

Further to the Company's strategic plan announced in December 2008, the agreement on the Gryphon Summit project in the Sulphur Springs Range of Eureka County in NE Nevada has been terminated. The Company is currently quantifying obligations related to the termination.

About Bell Copper

Bell Copper is focused on the exploration and development of copper assets in the Americas through internal efforts and via strategic partnerships.

On behalf of the Board of Directors of Bell Copper Corporation

Brian Leeners, CFO & 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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