Belvedere Audit Committee Appointment


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 3, 2012) - Belvedere Resources Limited (TSX VENTURE:BEL) ("The Company") is pleased to announce the appointment of Roger Clough to the Audit Committee. Roger Clough, BSc (Hons) Economics, has over 25 years' experience in investment banking, the majority of which was spent with Cazenove & Co. (latterly JP Morgan Cazenove) as Head of Convertible Bonds, becoming a partner in 2001. He is currently CEO of EQL Capital which provides funding advice to small and medium sized companies.

Mr. Clough joined the Company's board as an independent director in June of this year and the Company believes his strong financial background will add further depth to the Audit Committee.

About Belvedere: Belvedere Resources Limited is a mining company incorporated in British Columbia with a primary focus on nickel, gold, cobalt and copper in Finland. The Company currently produces 2200t of nickel in concentrate/year from the Hitura nickel mine in Central Finland. The Company has a number of advanced gold projects in close proximity to the Hitura mine.

BELVEDERE RESOURCES LTD.

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information:

Humbercrest Capital Inc.
Scott Findlay
+1 647 274 2536
www.belvedere-resources.com