Bellzone Mining Plc to seek AIM admission
March 08, 2010

• Bellzone announces intention to list on AIM
• Seeking to raise approximately US$100 million
• Maiden inferred magnetite JORC resource of 2.4 billion tonnes already defined
• Plans to use funds to accelerate drilling programme and complete Bankable Feasibility Study

Bellzone Mining Plc (“Bellzone” or the “Company”), an iron ore exploration and development company, with 100% owned assets in Guinea, West Africa, is seeking to raise approximately US$100 million and admit to trading on the AIM Market of the London Stock Exchange with ticker “BZM”, this spring. Canaccord Adams Limited is acting as Bellzone’s Nominated Advisor, joint broker and joint bookrunner and Renaissance Capital Limited is acting as joint broker and joint bookrunner. 

Bellzone aims to become a significant iron ore producer and intends to develop a 50 mtpa iron ore production. The Company has to date developed and defined a maiden inferred magnetite JORC resource of 2.4 billion tonnes along a 4.3 km section of a 19 km long magnetite strike known as Kalia I and estimates, subject to the results of further drilling, that Kalia I together with the 20 km long magnetite strike known as Kalia II, have the potential to host more than 13 billion tonnes of magnetite ore. In addition, Bellzone also estimates that there is a 2.9 billion tonne direct shipping ore cap at Kalia, which can be used to generate early cash flow.

The Company intends to utilise funds raised at admission to accelerate its drilling programme, to upgrade and achieve additional JORC resource classification, complete a Bankable Feasibility Study and satisfy general working capital requirements.

Enquiries:

Bellzone Nikolajs Zuks	+61 439 420 893
Canaccord Adams Limited Nominated Adviser and Joint Broker to Bellzone Andrew Chubb/Bhavesh Patel	+44 (0)20 7050 6500
Renaissance Capital Limited Joint Broker to Bellzone Simon Matthews/Thomas Beattie	+44 (0)20 7367 7777
Conduit PR Jos Simson/Charlie Geller	+44 (0)20 7429 6666 / +44 (0) 7899 870 450

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Magnetite Inferred JORC Resource
July 31, 2009

Bellzone is proud to announce its maiden Magnetite inferred JORC resource of 2.4 Billion tonnes at its Kalia Iron deposit.

The following extract is taken from CSA’s Mineral Resource Estimate - Summary Report

The information in this Report that relates to in-situ Mineral Resources is based on information compiled by Malcolm Titley of CSA Global. Malcolm Titley takes overall responsibility for the Summary Report. He is a Member of the Australasian Institute of Mining and Metallurgy and has sufficient experience, which is relevant to the style of mineralization and type of deposit under consideration, and to the activity he is undertaking, to qualify as a Competent Person in terms of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (JORC Code 2004 Edition). Malcolm Titley consents to the inclusion of such information in this Report in the form and context in which it appears.


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