Belo Sun Mining Corp.
TSX VENTURE : BSX

Belo Sun Mining Corp.

December 06, 2010 19:00 ET

Belo Sun Announces New Director and Investor Relations Coordinator

TORONTO, ONTARIO--(Marketwire - Dec. 6, 2010) - Belo Sun Mining Corp. (TSX VENTURE:BSX) (the "Company" or "Belo Sun") is pleased to announce the appointment of Clay Livingston Hoes to its Board of Directors. Mr. Hoes, a geologist who earned a Masters' degree in Mineral Economics, has been a top ranked fund manager, managing precious metal mutual funds in New York and Minneapolis for the past 15 years. In connection with his appointment, the Company granted Mr. Hoes 200,000 stock options of the Company.

The Company is also pleased to announce that it has appointed Darcie Ladd to the position of Investor Relations Coordinator. She holds an Honours Bachelor of Arts from the University of Ottawa. In connection with her appointment, Ms. Ladd has been granted 50,000 stock options of the Company.

The Company also announces that it has granted a total of 400,000 options of the Company to certain officers and employees in Brazil.

All of the options discussed in this press release may be exercised at $0.89 per common share for a period of five years from the date of the grant. The grants of options remain subject to the receipt of all required regulatory approval, including the approval of the TSX Venture Exchange.

About the Company

Belo Sun Mining Corp. (formerly Verena Minerals) is a Canadian-based mineral exploration company with a portfolio of properties focused on gold in Brazil. Belo Sun's prime focus is on advancing and expanding its 100% owned Volta Grande Project, located in Para State. Belo Sun trades on the TSX Venture Exchange under the symbol "BSX" and has approximately 138 million common shares issued and outstanding.

Cautionary Note

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 impact of appointed individuals and the terms of options granted. 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. Forward-looking information is based on the opinions and estimates of management as of the date such statements are made. Estimates regarding the anticipated impact of the appointment are based on previous professional accomplishments and competencies. 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. For a more detailed discussion of such risks and other factors, refer to the Company's filings with the Canadian securities regulators available on www.sedar.com or the Company's website at www.belosun.com.

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.

Contact Information

  • Belo Sun Mining Corp.
    Mark Eaton
    President and CEO
    (416) 309-8165