Belvedere Appoints New Director

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 10, 2011) - Belvedere Resources Ltd. (TSX VENTURE:BEL) ("Belvedere") is pleased to announce the appointment to the board of Mr. Steven Cuthill. Mr. Cuthill first became involved with the Company in 2003 in a consulting capacity and became Financial Controller on a permanent basis in 2007. He will continue to serve as Belvedere's Chief Financial Officer, a position he has held since December 2009, and Company Secretary.

About Belvedere:

Belvedere Resources Limited is a Canadian incorporated mining company with a primary focus on nickel, gold, cobalt and copper in Finland. The company currently produces 2500t of nickel in concentrate/year from the Hitura nickel mine in Central Finland and a number of advanced gold projects in close proximity to the mine. The company plans to use the extensive mining experience developed in the company to rapidly progress these towards production.

BELVEDERE RESOURCES LTD.

David Pym, CEO; Suite #404, Vancouver World Trade Centre, 999 Canada Place, Vancouver. BC. V6C 3E2, Canada