Bell Copper Corporation
TSX VENTURE : BCU

Bell Copper Corporation

December 11, 2008 13:55 ET

Bell Copper Corporation: Non-Brokered Convertible Debenture Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 11, 2008) - Bell Copper Corporation ("Bell Copper" or the "Company") (TSX VENTURE:BCU) announces that further to its strategic plan announced December 4, 2008 the Company will raise up to $1,000,000 by way of the issuance of secured convertible debentures (the "Debentures"). The Debentures will have a two-year term and bear interest at 1% per month payable in common shares of the Company. The Debentures will be convertible into units (the "Units") at a conversion price of $0.05 per Unit at any time prior to expiry. Each Unit will convert into one common share and one share purchase warrant of the Company exercisable at a price of $0.10 per common share for two years from closing. The Debentures will be secured by General Security Agreement.

Up to 20,000,000 Units of Bell Copper will be reserved for issuance as the maximum number of securities issuable upon conversion of the Debentures. Any securities issued upon conversion of the Debenture will be subject to a four month hold period. The Company will pay a cash commission to various finders 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.

The Company also announces that it has elected to terminate its option agreement with Benton Resources Corp. on the South Sibley Lake property effective December 9, 2008 and terminate its option agreement with Ramon Farias on the Zomelahuacan property effective December 10, 2008.

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.

More information on Bell Copper: www.bellcopper.net

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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