Bell Copper Closes Balance of $4.5 Million Financing

Jun. 2, 2011 (Canada NewsWire Group) --

TSX-V Symbol: BCU

VANCOUVER, June 2, 2011 /CNW Telbec/ - Bell Copper Corporation ("Bell Copper" or the "Company") (TSXV: BCU) is pleased to announce that it has closed the remaining $1.59 million of its brokered private placement with D&D Securities Inc. and Delano Capital Corp. (the "Agents").  As a result, the Company has now issued a total of 22.5 million units at a price of $0.20 per unit for gross proceeds of $4.5 million.  Each unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase an additional common share of the Company for an 18 month period at a price of $0.35 per share.  With the issuance of these units, and with the shares for debt swap with Macquarie Bank Limited ("Macquarie") announced on May 11, 2011, the Company now has 173,312,483 shares outstanding, with Macquarie being the Company's largest shareholder with an undiluted 11% holding.

In addition to a 7% cash commission, the Agents have received broker's warrants to purchase 1,989,500 common shares of the Company for an 18 month period at a price of $0.20 per share.  The foregoing is subject to final regulatory approval.

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."