VanEck Vectors Global Alternative Energy ETF

Published : December 19th, 2007

Options Outland Silver Bar Property to Glen Hawk Minerals Ltd.

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Bell Resources Corporation

  Wednesday, December 19, 2007
Bell Options Outland Silver Bar Property to Glen Hawk Minerals Ltd.

  Vancouver, British Columbia: Bell Resources Corporation (the "Bell" or the "Company") (TSX-V Symbol: BL) announces that further to the Company's strategic plan to focus on Copper assets in the Americas, the Company has signed a Binding Letter of Intent with Glen Hawk Minerals Ltd. ("GHM") to provide GHM with an option to earn a 60% interest in Bell's interest in the Outland Silver Bar Property situated in North West British Columbia (the "Property").

Pursuant to an option agreement with the owners of the Property (the "Underlying Option Agreement") Bell has the right to earn a 100% interest in the Property subject to a 2% NSR, 50% of which Bell can purchase for $1 million or such lesser percent as it wishes to on a pro rata basis. In accordance with the Letter of Intent with GMH, Bell has agreed to provide GHM with the option to acquire a 60% interest in Bell's rights as provided for in the Underlying Option Agreement on the following basis:

  1. GHM will issue 600,000 common shares to Bell (200,000 upon regulatory approval and 200,000 on the 1st anniversary date, and 200,000 on 2nd anniversary date).
  2. GHM will assume the terms of the Underlying Option Agreement that includes cash payments of $27,500 to each of the two underlying property owners by October 12, 2008.

GHM will be required to complete work programs of $133,000 in cumulative expenditures by October 20, 2008; and $150,000 in cumulative expenditures by October 20, 2009.

On September 4, 2007, Bell announced it had entered into a proposed business combination with Rogue River Resources Corp., a non-reporting company ("Rogue River") and Grandcru Resources Corporation ("Grandcru") (TSXV:GR), whereby the three companies will amalgamate to form one company and collectively benefit from the exploration potential of Bell and Grandcru's copper exploration assets and the near term production potential of Rogue River's La Balsa project.

Bell Resources is focused on the exploration and development of a diversified portfolio of North American base metal projects, with the most advanced being the past-producing Granduc Mine. The Company's strategic plan is focused on moving assets toward potential production, while continuing to target new acquisitions based on geological potential and economic viability. For further information on Bell Resources visit www.bellresources.com.


On Behalf of the Board of Directors of
Bell Resources Corporation


Brian Leeners

Brian Leeners, CFO & Director


For further information please contact the Company
Tel: 604 669-1484 or email: info@bellresources.com


THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. 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

News



CORPORATE OFFICE:

Email:
info@bellresources.com

Web Site:
www.bellresources.com

Addresss:
Suite 1780
400 Burrard Street
Vancouver, BC, Canada
V6C 3A6

Telephone:
604-669-1484

Fax:
604-669-1464

Investor Relations:
604-669-1484
info@bellresources.com

Contact Bell ResourcesVisit Bell Resources

VanEck Vectors Global Alternative Energy ETF

DEVELOPMENT STAGE
CODE : BCU.V
ISIN : CA0778862080
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Bell Copper is a copper exploration company based in Canada.

Bell Copper develops copper and gold in Mexico, and holds various exploration projects in Canada and in Mexico.

Its main asset in development is LA BALSA in Mexico and its main exploration properties are SOMBRERO BUTTE, KABBA and LEDUC in Canada and SILVER BELL and COPPER SPRINGS (BELLCOPPER) in Mexico.

Bell Copper is listed in Canada and in United States of America. Its market capitalisation is 2.1 millions as of today (US$ 1.6 millions, € 1.4 millions).

Its stock quote reached its highest recent level on April 13, 2006 at 6.20, and its lowest recent point on March 06, 2015 at 0.01.

Bell Copper has 47 442 200 shares outstanding.

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