Sale of Granduc Copper Mine to Castle Resources Closes

TSX-V Symbol: BCU

VANCOUVER, Oct. 19 /CNW Telbec/ - Bell Copper Corporation ("Bell Copper" or the "Company") (TSX-V Symbol: BCU) announces that the Company has completed the sale of its 100% interest in the past producing Granduc Copper Mine located near Stewart, B.C. to Castle Resources Inc. ("Castle"). The sale of the Granduc Mine to Castle supersedes the previously announced option agreement between the Company and Castle (see press release dated July 19, 2010). Under the terms of the sale, Castle has paid to Bell Copper a further $2 million (for a total of $4.5 million) and issued a further 2,750,000 Castle common shares (for a total of 3.0 million common shares).

Michael Werner, CEO of Bell Copper stated, "We are pleased to close the sale of the Granduc well in advance of the December deadline. This is an important second step in removing our debt issues and refocusing our resources on the exploration and development of our copper asset portfolio including the advancement the La Balsa project from the positive Scoping Study stage to the Feasibility Study stage, completing the purchase of the Van Dyke in situ leach project and advancing the exploration on the Kabba and La Balsa porphyry targets. As the copper market continues to provide a positive environment, we look forward to moving Bell Copper's projects forward at an increased pace with greater resources. Our goal is to get market recognition for the intrinsic value already in the Bell Copper asset portfolio and the Castle transaction demonstrates this value vividly. The next strategic step to unlocking further shareholder value is the completion of the previously announced SpinCo Transaction."     

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 some of North America's premier copper producing regions including Mexico and the Southwestern US.

More information on Bell Copper: www.bellcopper.net

On behalf of the Board of Directors of
Bell Copper Corporation

"Michael Werner"

Michael Werner, CEO & Director

"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."

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