Bell Copper Corporation

Bell Copper Corporation

September 08, 2008 12:08 ET

Bell Copper Corporation: First Tranche Closing of Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 8, 2008) - Bell Copper Corporation (the "Company") (TSX VENTURE:BCU) announces that it has closed the first tranche of its non-brokered private placement announced on April 17, 2008 and amended on July 9, 2008 and August 7, 2008. The Company has issued 1,998,500 units at a price of CDN$0.40 per unit. Each Unit consists of one common share and one half of one share purchase warrant (a "Warrant"), with each full warrant entitling the holder to acquire one additional common share of the Company at a price of CDN$0.50 per common share for a period of one year from closing. The Unit Warrant is subject to the right of the Company to accelerate the exercise period for the Unit Warrants if the common shares of the Company trade above $0.75 for a period of 10 consecutive trading days.

The Company paid a finder's fee to certain parties equal to 8% of the amount subscribed in accordance with the policies of the TSX Venture Exchange.

The proceeds of the private placement will be used for general working capital. The private placement and finder's fees are subject to TSX Venture Exchange acceptance.

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.

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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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