Bell Copper Corporation
TSX VENTURE : BCU

Bell Copper Corporation

July 09, 2012 12:30 ET

Bell Copper Signs Purchase Agreement with Copper Fox Metals in Respect of Van Dyke and Sombrero Butte Properties

TORONTO, ONTARIO--(Marketwire - July 9, 2012) - Bell Copper Corporation ("Bell Copper" or the "Company") (TSX VENTURE:BCU) is pleased to announce that it has signed a purchase agreement (the "Purchase Agreement") with Copper Fox Metals Inc. ("Copper Fox") (TSX VENTURE:CUU) whereby Copper Fox will acquire 100% of Bell Copper's interests in the Van Dyke property located in Miami, Arizona and the Sombrero Butte property located in Pinal County, Arizona (together, the "Properties").

Under the terms of the Purchase Agreement, Copper Fox will acquire 100% of the Properties by paying to Bell Copper CDN$2,000,000 in cash and assuming Bell Copper's continuing obligations in respect of the Properties.

The Purchase Agreement is subject to Bell Copper completing the acquisition of the Van Dyke property pursuant to the terms of the purchase and sale and royalty agreement between Bell Resources (Nevada) Corporation, a wholly-owned subsidiary of Bell Copper, and Bennu Properties, LLC, Albert W. Fritz Jr. and Edith Spencer Fritz (collectively, the "Vendors"), including payment by Bell Copper of US$500,000 in cash to the Vendors on closing (see the news release issued by Bell Copper on March 12, 2012). The Purchase Agreement is also subject to certain other conditions, including completion of due diligence in respect of the Properties by Copper Fox and TSX Venture Exchange approval.

About Bell Copper

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

More information on Bell Copper: www.bellcopper.com.

On behalf of the Board of Directors of

Bell Copper Corporation

Michael Werner, CEO & Director

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, statements with respect to the Company's efforts to develop its projects. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, political and social uncertainties; acquisition risks, the actual results of current exploration activities; delay or failure to receive board or regulatory approvals; timing and availability of external financing on acceptable terms; the Property not being integrated successfully or such integration proving more difficult, time consuming or costly than expected, not realizing on the potential benefits of the proposed transaction; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of mineral prices; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and shortages and other risks of the mining industry; and, delays in obtaining governmental approvals or required financing or in the completion of activities. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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