BCU Bell Copper Corporation

Bell Copper Corporation ("Bell Copper" or the "Company") (TSX VENTURE:BCU) is
providing the following update on its La Balsa project in Michoacan, Mexico.


La Balsa Feasibility Study

Work on the bankable feasibility study for the open pit mining of copper hosted
in surface breccias on the La Balsa property continues to progress, and the
Company anticipates completion of the study in the second quarter of 2012,
slightly delayed from the previously announced first quarter anticipated
completion. The delays in completing the study are attributed to slow data
acquisition from Mexico to support the technical work required for the study. 


Bell Copper is presently exploring debt financing alternatives for bringing the
La Balsa project into production, with hopes that project financing can be
accomplished through an arrangement whereby a financial partner who desires to
purchase the metal and concentrate from the La Balsa property will also provide
project recourse debt funding. With the Company's recent announcement regarding
the Van Dyke project in Arizona, the Company believes there is an opportunity to
finance together the La Balsa and the Van Dyke projects, which may be attractive
to a larger cross section of companies desiring a direct metal supply.


La Balsa Copper Exploration

In addition to work on the feasibility study, the Company has also been actively
searching for the underlying source of the copper mineralization hosted in the
surface breccia deposits at La Balsa. Although all three of the drill holes
completed by the Company contain evidence of a significant porphyry system at
depth, a review of all available geological information suggests that the
displacement on the thrust fault under the breccias may not have been as
extensive as projected, and that the target may lay down-plunge of the Iguana
Prieta breccia pipe, where the highest grade primary copper and silver have been
found to date. No drilling has been conducted in the area of the Iguana Prieta
deeper than 150 meters, and should the porphyry source lay in closer proximity
to the breccias, the target depth for continuing exploration would be
approximately 275 meters, which is only 160 meters beneath the floor of the
presently conceived pit design. Based on this information, the Company will
design a new exploration program for La Balsa, which the Company intends to
implement during the third quarter of 2012.


La Balsa Iron Ore

Modeling and interpretation of the results of a helicopter magnetic survey over
the iron ore anomalies on the eastern La Balsa 14 portion of the property has
been conducted by an experienced iron ore geophysicist who has identified a
number of drill targets on the property. Prior to drilling, the Company intends
to do approximately 1,200 meters of trenching on the five most prominent
targets, using geological mapping and assaying results to help prioritize the
targets. The Company is in the process of obtaining the permits necessary to
carry out such work and expects to begin the work program in the second quarter
of this year. 


Given the proximity of these large anomalies to Arcelor-Mittal's 2 million tonne
per year Las Truchas iron mine, which is approximately 22 kilometers west of the
La Balsa 14 concession, the high-grade, direct-ship iron that has been mined on
a small scale on the western portion (La Balsa 12) of the property, and the
abundance of iron float that is found throughout La Balsa 14, management feels
that continuing to pursue the iron opportunities at La Balsa is an additional
way in which to add to the overall value of the Company. Several companies have
approached Bell Copper expressing an interest in joint venturing both the
further exploration and production of iron from the La Balsa 14 concession.
However, at the present time management believes that Bell Copper and its
shareholders can achieve maximum value by Bell Copper doing the initial work on
La Balsa 14 before any joint venture options are considered.


Qualified Person

Dr. Timothy Marsh, Ph.D., P.Eng., President of Bell Copper and a qualified
person as such term is defined in NI 43-101, has reviewed and approved the
scientific and technical information included in this news release. 


About Bell Copper

Bell Copper is a public company with a focus on copper exploration, development
and production in North America. The Company has an extensive portfolio of
exploration and development projects located in two of North America's premier
copper producing regions: Mexico and Arizona.


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

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 regarding the anticipated timing of
the completion of bankable feasibility study and the company's proposed work
programs on its La Balsa property. 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.

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