Vancouver, B.C.: Bell Copper Corporation (“Bell Copper” or the “Company”) (TSX-V Symbol: BCU) is pleased to announce that it has closed the debt restructuring with Macquarie Bank Limited (“Macquarie”) as outlined in the Company’s February 7 news release, that it has now fully repaid the Bell Demand Debenture, and that all of its $0.10 warrants were exercised prior to the February 24, 2011 deadline, generating $1.5 million in net proceeds. With these actions, Bell has now substantially reduced and deferred its remaining repayment obligations to Macquarie.

The three previous demand debentures which were due and payable have been repaid and restructured as follows:

1. The final principal and interest payment on the Bell Demand Debenture of approximately $830,000 was paid to Macquarie on February 28, 2011. This debenture is now paid in full, and the security over all of the Company’s assets that had been granted for this debenture is being released.
   
2. The Canadian dollar debenture (totalling approximately C $4.25 million) that had been made to Bell’s wholly owned subsidiary, Rogue River Resources Corp. (“Rogue River”), is being settled through a combination of a royalty grant and a planned conversion to equity. C $2 million of this debenture has now been converted into a 2% NSR on the Company’s La Balsa project in Mexico, conditional upon, among other things, the registration of the Mexican security by March 31, 2011. The remaining C $2.25 million of this debenture will continue to earn interest at the rate of 1% per month, and will be exchanged into equity of the Company at the time of, and upon the same price and terms, as that offered to other investors in an equity raising of no less than $2.5 million, provided that the equity raising is completed prior to April 30, 2011.
   
3. The US dollar denominated debenture (totalling approximately US $6.7 million) that had been made to Rogue River has now been restructured into a secured term facility maturing 31 Jan 2013, incurring interest at a reduced rate of 1% per month and payable at maturity. Security for this remaining obligation includes a charge over all of the assets of Rogue River and its wholly owned Mexican subsidiary, Mineral Montoro S.A. de C.V., as well as Bell’s shares in, and intercompany debt from, Rogue River.

With the completion of this restructuring, Bell is now in a much better financial position to advance its bankable feasibility study on the La Balsa project, conclude its acquisition of the Van Dyke project, and to recommence exploration and drilling activities on its copper projects in Arizona and Mexico.

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

Bell Copper Corporation

Sarah Stephanson
Executive Assistant
Tel.: (604) 669-1484
[email protected]
www.bellcopper.net

Renmark Financial Communications Inc.

Christine Stewart:
[email protected]
Jason Roy:
[email protected]
Tel.: (514) 939-3989 or (416) 644-2020
www.renmarkfinancial.com

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