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Belo Sun Releases Results for 85 Additional Drill Holes at Its Volta Grande Project

TORONTO, ONTARIO -- (Marketwire) -- 11/05/12 -- Belo Sun Mining Corp. (TSX:BSX) reports assays for 85 additional drill holes (corresponding to 27,261 meters) at its Volta Grande Project as part of its mineral resources expansion and upgrade drilling program.

The results being released today are being incorporated into the company's database and will be used in the new mineral resource estimate update expected to be completed later this year. This mineral resource estimate update represents a very important milestone for the company as it will be the largest in terms of number of new holes (263) and meters (73,675) in the history of the Volta Grande Project (See press releases dated June 27th, 2012 and Sept 4th, 2012).

Included in this release are the assay results from 59 additional drill holes from the Grota Seca deposit, 24 from the Ouro Verde deposit and 2 from the South block area. The complete results and selected cross sections are presented below. Highlights from the holes contained in this release include:


--  Hole VVGD-542 (Grota Seca Cross Section 862.5W) intersected 39.00 meters
    grading 5.25 g/t Au (from 71.00 meters) including 12.00 meters grading
    10.09 g/t Au (from 75.00 meters) 
    
--  Significant down dip intercepts at the Ouro Verde deposit such as in
    hole VVGD- 444 at section 725 NW with 12.10 meters grading 4.90 g/t Au
    (from 401.85 meters) and 16.73 meters grading 2.00 g/t Au (from 483.50
    meters). 
    
--  Hole VVGD-566 which is located in the Ouro Verde / Grota Seca "Junction"
    (Ouro Verde Cross Section 350J) intersected multiple mineralized zones
    suggesting possible continuity of the mineralization between the two
    deposits. 
    
--  At the South Block, Grande Deposit the highlight is hole VVGD-465 with
    4.65 meters grading 6.13 g/t Au. 

Helio Diniz, the Vice President of Exploration for Belo Sun, stated, "We are very pleased to see the results confirming our expectations about the quality of the Volta Grande gold deposits. In addition, the modelling of the deposits are meeting our expectations to deliver the new resource estimate before the end of the year, which will be incorporated into a new mining plan that will be the basis of the pre-feasibility study to be released in Q1 2013."

At present Volta Grande has 2.85 million ounces in the measured and indicated category grading 1.69 g/t and 2.3 million ounces grading 1.81 g/t in the inferred category (see press releases dated April 25th, 2012 and June 11th, 2012). The focus of this campaign has been to upgrade inferred resources into the measured and indicated category and to expand the overall size of the resource estimate.

TABLE 1 - DIAMOND DRILLING ASSAY RESULTS

The widths reported below represent the core width of the intercepts; true widths are expected to range between 85-95% of the core width.


----------------------------------------------------------------------------
                                NR 11/07/2012                               
----------------------------------------------------------------------------
                             Grota Seca Deposit                             
----------------------------------------------------------------------------
      Hole #        From (m)          To (m)       Width (m)          Au g/t
----------------------------------------------------------------------------
    VVGD-414          111.00          116.00            5.00            0.52
         and          136.00          142.00            6.00            0.59
         and          171.00          174.00            3.00            0.70
         and          288.60          293.00            4.40            0.78
----------------------------------------------------------------------------
    VVGD-420           39.00           44.05            5.05            0.86
         and          118.00          123.80            5.80            3.29
         and          182.00          187.40            5.40            1.38
         and          321.00          326.00            5.00            2.59
----------------------------------------------------------------------------
    VVGD-440            0.00            3.70            3.70            1.04
         and           51.00           56.20            5.20            2.50
         and           67.00           79.70           12.70            0.85
         and          202.00          205.40            3.40            1.36
         and          245.00          250.00            5.00            0.96
         and          322.00          325.00            3.00            5.17
         and          330.50          334.27            3.77            2.22
         and          414.46          419.80            5.34            0.76
         and          509.00          517.00            8.00            3.04
----------------------------------------------------------------------------
    VVGD-456            0.00            5.00            5.00            1.03
         and           80.65           85.70            5.05            1.13
         and          121.00          134.00           13.00            0.98
         and          153.00          155.80            2.80            3.89
         and          177.04          187.00            9.96            1.27
         and          332.00          340.00            8.00            7.35
----------------------------------------------------------------------------
    VVGD-457           13.00           17.00            4.00            0.54
         and          146.60          153.75            7.15            6.69
----------------------------------------------------------------------------
    VVGD-464           44.00           54.75           10.75            1.68
         and          221.00          226.00            5.00            1.33
         and          337.00          342.80            5.80            0.72
         and          354.00          360.00            6.00            1.50
----------------------------------------------------------------------------
    VVGD-468          191.55          200.83            9.28            0.74
         and          248.31          252.00            3.69            0.51
         and          266.00          276.70           10.70            0.57
         and          339.00          345.00            6.00            0.70
         and          351.20          354.20            3.00            0.99
----------------------------------------------------------------------------
    VVGD-469            0.00            3.51            3.51            0.80
         and            7.00           11.35            4.35            0.58
         and           37.00           55.30           18.30            0.57
         and          171.33          175.00            3.67            0.82
         and          190.00          195.00            5.00            0.67
         and          237.70          258.00           20.30            1.11
         and          340.00          357.00           17.00            2.21
----------------------------------------------------------------------------
    VVGD-471            0.00            4.00            4.00            0.73
         and          229.00          233.75            4.75            0.74
----------------------------------------------------------------------------
    VVGD-472            0.00            6.80            6.80            1.28
         and           16.95           28.15           11.20            3.36
         and           72.25           79.00            6.75            0.64
         and           92.64          100.20            7.56            0.93
         and          111.00          116.15            5.15            2.71
         and          190.25          199.00            8.75            0.73
         and          286.00          296.45           10.45            0.81
         and          319.55          337.60           18.05            1.30
         and          356.00          359.20            3.20            4.64
         and          404.15          411.00            6.85            2.00
----------------------------------------------------------------------------
    VVGD-476            0.00            5.05            5.05            1.17
         and           11.70           15.20            3.50            0.59
----------------------------------------------------------------------------
    VVGD-477                               NSR                              
----------------------------------------------------------------------------
    VVGD-478           15.30           19.00            3.70            1.38
         and           85.00           89.00            4.00            1.51
         and          121.00          126.50            5.50            0.63
         and          141.20          145.00            3.80            0.74
         and          208.75          214.00            5.25            0.54
         and          329.00          337.00            8.00            0.85
----------------------------------------------------------------------------
    VVGD-479           38.00           47.45            9.45            0.55
         and           51.12           71.00           19.88            0.76
         and           75.00           84.00            9.00            1.27
----------------------------------------------------------------------------
    VVGD-480            0.00            6.30            6.30            0.71
         and          176.94          182.35            5.41            7.21
         and          213.00          222.00            9.00            0.93
         and          248.72          253.00            4.28            7.87
----------------------------------------------------------------------------
    VVGD-481            0.00            3.25            3.25            1.21
         and          241.00          248.80            7.80            1.44
         and          254.00          260.00            6.00            0.56
         and          396.40          408.00           11.60            0.94
         and          417.00          432.60           15.60            2.63
----------------------------------------------------------------------------
    VVGD-483           74.90           83.00            8.10            0.63
         and          213.25          215.45            2.20            3.04
----------------------------------------------------------------------------
    VVGD-485          159.09          165.71            6.62            0.71
         and          182.65          188.20            5.55            4.73
         and          195.55          198.80            3.25            0.55
         and          203.80          212.00            8.20            0.63
         and          226.90          230.80            3.90            0.84
----------------------------------------------------------------------------
    VVGD-489                               NSR                              
----------------------------------------------------------------------------
    VVGD-491            0.00           31.10           31.10            0.83
         and           71.00           77.10            6.10            5.78
         and          113.85          117.40            3.55            2.03
         and          174.00          177.70            3.70            0.63
         and          267.00          276.10            9.10            1.02
         and          291.50          303.60           12.10            5.75
         and          309.00          319.00           10.00            1.75
----------------------------------------------------------------------------
    VVGD-494          168.00          173.00            5.00            0.97
         and          239.35          250.00           10.65            0.74
         and          259.90          267.75            7.85            0.92
----------------------------------------------------------------------------
    VVGD-495           85.00           91.50            6.50            2.14
         and          105.00          114.00            9.00            1.29
         and          145.00          153.00            8.00            1.15
         and          165.00          169.15            4.15            0.50
         and          208.00          213.25            5.25            5.16
         and          249.00          261.00           12.00            1.70
         and          274.00          278.00            4.00            2.72
         and          282.50          304.70           22.20            0.92
         and          313.25          317.00            3.75            0.63
         and          477.00          482.85            5.85            0.51
         and          489.20          492.20            3.00            8.04
----------------------------------------------------------------------------
    VVGD-499          232.00          240.80            8.80            1.85
         and          262.00          276.00           14.00            1.18
----------------------------------------------------------------------------
    VVGD-501          125.35          129.00            3.65            0.50
         and          141.65          144.75            3.10            0.58
         and          159.00          165.30            6.30            0.91
         and          177.70          182.06            4.36            2.02
         and          186.00          192.00            6.00            0.74
         and          200.00          203.00            3.00            0.73
         and          232.00          235.30            3.30            0.67
----------------------------------------------------------------------------
    VVGD-502          123.20          126.00            2.80            1.40
         and          172.00          183.00           11.00            0.59
         and          189.00          193.76            4.76            0.61
         and          196.00          200.00            4.00            0.54
         and          207.00          210.00            3.00            0.99
         and          218.00          223.00            5.00            1.49
         and          243.00          251.00            8.00            4.03
         and          268.07          273.00            4.93            1.02
         and          287.66          295.00            7.34            1.00
         and          429.00          436.00            7.00            2.70
         and          456.00          460.00            4.00            2.84
----------------------------------------------------------------------------
    VVGD-503            0.00            3.00            3.00            0.52
         and           66.90           71.00            4.10            0.56
         and           95.62           99.00            3.38            0.62
         and          228.60          232.90            4.30            6.06
         and          246.00          249.00            3.00            3.79
         and          353.03          357.50            4.47            0.86
----------------------------------------------------------------------------
    VVGD-505           47.00           50.25            3.25            1.55
         and           76.80           80.00            3.20            1.31
----------------------------------------------------------------------------
    VVGD-507           47.43           65.15           17.72            3.95
         and          140.00          144.00            4.00            0.59
----------------------------------------------------------------------------
    VVGD-508           52.00           60.00            8.00            1.29
         and          121.00          140.00           19.00            0.60
         and          221.00          228.00            7.00            0.69
----------------------------------------------------------------------------
    VVGD-509          113.40          116.72            3.32            0.80
         and          130.00          133.00            3.00            0.81
----------------------------------------------------------------------------
    VVGD-510            0.00            3.70            3.70            2.16
         and           50.80           56.40            5.60            0.61
         and          112.00          116.00            4.00            1.03
         and          160.89          166.40            5.51            2.98
         and          170.12          173.85            3.73            1.34
         and          189.00          192.40            3.40            0.89
         and          207.00          211.84            4.84            6.87
         and          218.00          227.80            9.80            4.07
----------------------------------------------------------------------------
    VVGD-511            0.00            8.00            8.00            0.70
         and          126.10          130.00            3.90            0.89
         and          144.05          153.00            8.95            0.93
         and          158.40          162.00            3.60            0.59
         and          165.30          169.20            3.90            0.71
         and          190.50          194.90            4.40            0.54
----------------------------------------------------------------------------
    VVGD-512           67.00           69.00            2.00            1.85
         and          143.20          146.95            3.75            1.97
         and          191.00          199.20            8.20            0.99
----------------------------------------------------------------------------
    VVGD-513            0.00            6.00            6.00            0.64
         and           18.00           32.00           14.00            0.52
         and          183.00          187.00            4.00            4.09
         and          218.00          224.00            6.00            1.55
----------------------------------------------------------------------------
    VVGD-514            0.00            5.00            5.00           12.61
         and           70.50           72.80            2.30           34.50
         and          117.20          120.30            3.10            0.81
         and          126.55          133.00            6.45            0.51
         and          168.85          173.50            4.65            1.68
         and          182.00          197.88           15.88            0.81
         and          212.75          220.50            7.75            2.53
         and          243.50          248.05            4.55            1.47
         and          325.00          329.50            4.50            0.68
         and          342.96          377.73           34.77            1.63
   Including          362.15          373.50           11.35            2.33
         and          461.74          465.00            3.26            0.80
         and          490.60          501.24           10.64            0.91
         and          510.20          513.59            3.39            0.76
----------------------------------------------------------------------------
    VVGD-517          126.80          139.39           12.59            2.44
         and          145.85          149.20            3.35            1.89
----------------------------------------------------------------------------
    VVGD-518            0.00            3.80            3.80            0.98
         and           16.00           22.70            6.70            1.31
         and           63.55           77.00           13.45            1.33
         and           99.00          104.00            5.00            0.57
         and          111.00          116.00            5.00            1.36
         and          130.00          139.00            9.00            1.00
----------------------------------------------------------------------------
    VVGD-520            0.00            4.80            4.80            0.62
         and          111.00          114.30            3.30            1.56
         and          159.00          163.00            4.00            0.54
----------------------------------------------------------------------------
    VVGD-523            0.00            4.00            4.00            0.91
         and           14.30           18.50            4.20            1.11
         and           42.00           46.00            4.00            2.43
         and           77.35           83.80            6.45            0.61
         and           91.75          100.75            9.00            0.82
         and          104.50          108.65            4.15            1.33
----------------------------------------------------------------------------
    VVGD-526            0.00            6.00            6.00            0.64
         and           11.00           15.00            4.00            0.79
         and           57.00           61.00            4.00            0.72
         and           65.80           68.00            2.20            8.29
----------------------------------------------------------------------------
    VVGD-530          142.00          150.00            8.00            0.67
         and          156.00          171.00           15.00            0.92
         and          199.00          204.00            5.00            0.95
         and          221.00          224.60            3.60            3.49
         and          303.00          306.00            3.00            2.25
         and          373.00          376.40            3.40            1.29
         and          385.00          392.30            7.30            1.55
         and          402.40          407.00            4.60            0.82
         and          414.00          418.00            4.00            2.65
         and          423.00          431.00            8.00            0.52
         and          440.00          446.00            6.00            0.62
         and          462.00          473.00           11.00            1.09
         and          538.00          544.00            6.00            7.74
         and          572.50          582.60           10.10            0.67
         and          620.00          624.00            4.00            0.80
----------------------------------------------------------------------------
    VVGD-531            0.00            4.00            4.00            1.69
         and           46.80           53.45            6.65            0.75
         and           65.00           69.45            4.45            0.91
----------------------------------------------------------------------------
    VVGD-533            3.51           28.00           24.49            2.83
   Including           11.00           28.00           17.00            3.91
----------------------------------------------------------------------------
    VVGD-534            0.00            6.10            6.10            1.83
         and           54.00           60.00            6.00            0.72
         and           68.00           71.40            3.40            1.41
----------------------------------------------------------------------------
    VVGD-535            0.00            3.00            3.00            0.54
         and           80.72           96.00           15.28            3.10
----------------------------------------------------------------------------
    VVGD-538           17.35           24.87            7.52            0.85
         and           95.00          104.20            9.20            0.82
         and          147.80          161.00           13.20            1.02
         and          177.00          182.20            5.20            2.43
         and          204.00          207.00            3.00            0.81
         and          258.00          262.00            4.00            1.87
         and          267.85          271.00            3.15            0.86
         and          277.00          280.00            3.00            0.52
         and          299.00          303.20            4.20            0.53
         and          359.41          363.80            4.39            1.12
----------------------------------------------------------------------------
    VVGD-539           49.00           57.00            8.00            0.59
         and           67.00           78.00           11.00            0.75
         and           81.70          101.37           19.67            1.19
   Including           83.00           91.00            8.00            2.04
         and          105.00          110.07            5.07            0.57
         and          119.00          122.00            3.00            0.62
         and          152.00          154.20            2.20           16.32
----------------------------------------------------------------------------
    VVGD-542            7.00           17.00           10.00            0.55
         and           31.00           35.00            4.00            1.22
         and           39.30           63.00           23.70            0.85
         and           71.00          110.00           39.00            5.24
   Including           75.00           87.00           12.00           10.09
----------------------------------------------------------------------------
    VVGD-543            8.00           14.40            6.40            1.23
         and          118.60          125.05            6.45            3.21
         and          137.69          144.45            6.76            0.67
----------------------------------------------------------------------------
    VVGD-545            0.00            5.00            5.00            0.67
         and           51.00           67.00           16.00            3.11
         and          106.62          111.00            4.38            0.60
         and          175.00          194.00           19.00            2.02
         and          198.87          206.00            7.13            0.76
----------------------------------------------------------------------------
    VVGD-550                               NSR                              
----------------------------------------------------------------------------
    VVGD-551            0.00            8.40            8.40            0.57
----------------------------------------------------------------------------
    VVGD-553            0.00            4.57            4.57            1.21
         and          102.00          107.20            5.20            0.55
         and          132.00          136.30            4.30            0.78
         and          149.00          154.00            5.00            0.57
         and          166.60          175.00            8.40            1.46
----------------------------------------------------------------------------
    VVGD-556           24.10           27.40            3.30            0.93
         and           36.00           39.00            3.00            0.87
         and          103.75          107.70            3.95            0.71
----------------------------------------------------------------------------
    VVGD-561            0.00            3.50            3.50            1.07
         and           14.60           29.00           14.40            0.54
         and          127.40          131.00            3.60            0.58
         and          174.40          184.70           10.30            3.25
         and          198.60          203.20            4.60            4.05
         and          229.60          231.75            2.15            8.74
         and          259.00          281.00           22.00            0.89
         and          350.00          358.00            8.00            0.58
         and          367.00          370.60            3.60            1.57
         and          412.40          418.50            6.10            0.86
         and          463.00          469.00            6.00            1.97
         and          480.00          485.00            5.00            0.72
         and          534.40          538.00            3.60            1.01
         and          559.00          566.60            7.60            0.85
         and          587.00          590.00            3.00            0.58
         and          615.00          618.20            3.20            1.86
----------------------------------------------------------------------------
    VVGD-563            0.00            5.00            5.00            0.66
         and          175.00          179.70            4.70            1.82
         and          247.00          250.00            3.00            0.56
----------------------------------------------------------------------------
    VVGD-569           26.00           28.00            2.00            1.86
----------------------------------------------------------------------------
    VVGD-570          100.20          104.62            4.42            1.47
----------------------------------------------------------------------------
    VVGD-577           56.21           58.70            2.49            5.97
----------------------------------------------------------------------------
                                                                            
                                                                            
----------------------------------------------------------------------------
                                NR 11/07/2012                               
----------------------------------------------------------------------------
                             Ouro Verde Deposit                             
----------------------------------------------------------------------------
      Hole #        From (m)          To (m)       Width (m)          Au g/t
----------------------------------------------------------------------------
    VVGD-404           98.00          101.00            3.00            1.80
         and          195.17          201.00            5.83            0.55
         and          236.00          242.00            6.00            1.84
         and          264.00          268.00            4.00            0.55
         and          273.70          283.00            9.30            1.03
         and          288.00          300.00           12.00            1.70
         and          328.00          333.00            5.00            0.63
         and          371.00          374.00            3.00           18.97
         and          381.00          390.00            9.00            1.52
         and          485.00          489.00            4.00            3.00
----------------------------------------------------------------------------
    VVGD-407          148.00          153.00            5.00            0.73
         and          174.00          181.89            7.89            0.66
         and          185.00          193.00            8.00            1.22
         and          234.60          240.00            5.40            1.31
         and          254.25          263.00            8.75            0.94
         and          271.00          280.40            9.40            0.74
         and          293.60          299.00            5.40            0.71
         and          373.00          381.00            8.00            2.54
         and          418.00          421.00            3.00            1.11
----------------------------------------------------------------------------
    VVGD-436                               NSR                              
----------------------------------------------------------------------------
    VVGD-438            0.00            6.60            6.60            2.36
         and          112.60          116.08            3.48            0.92
         and          125.97          137.07           11.10            1.63
         and          148.90          153.90            5.00            0.70
         and          166.50          178.00           11.50            2.43
----------------------------------------------------------------------------
    VVGD-444           80.00           85.00            5.00            9.20
         and          124.00          131.45            7.45            1.74
         and          135.40          141.12            5.72            7.54
         and          235.48          247.38           11.90            0.92
         and          255.46          266.00           10.54            0.98
         and          297.25          306.20            8.95            0.94
         and          338.00          342.45            4.45            1.12
         and          353.95          361.25            7.30            0.63
         and          374.25          381.40            7.15            0.97
         and          401.85          413.95           12.10            4.90
         and          425.34          459.25           33.91            1.13
   including          435.85          442.22            6.37            2.94
         and          463.00          468.50            5.50            2.01
         and          483.50          500.23           16.73            2.00
----------------------------------------------------------------------------
    VVGD-470           23.85           29.00            5.15            1.44
         and           33.50           38.20            4.70            1.08
----------------------------------------------------------------------------
    VVGD-474          175.00          183.00            8.00            0.50
         and          188.90          207.15           18.25            1.49
         and          287.00          330.00           43.00            1.45
         and          360.00          379.30           19.30            1.30
         and          453.30          462.00            8.70            5.36
         and          492.00          495.20            3.20            0.61
----------------------------------------------------------------------------
    VVGD-482          113.00          119.51            6.51            0.82
         and          141.00          151.00           10.00            1.12
         and          155.00          158.15            3.15            1.69
         and          174.00          177.70            3.70            0.50
         and          234.84          237.10            2.26            3.35
----------------------------------------------------------------------------
    VVGD-488          230.00          237.00            7.00            0.66
         and          263.10          275.66           12.56            3.90
         and          285.00          293.00            8.00            0.56
         and          301.50          310.00            8.50            1.51
         and          314.00          317.00            3.00            0.96
         and          333.00          336.60            3.60            2.31
         and          342.40          357.00           14.60            1.67
         and          399.00          407.00            8.00            0.75
         and          448.00          451.70            3.70            0.64
         and          457.50          459.60            2.10           19.35
         and          463.80          467.00            3.20            1.92
         and          472.00          480.00            8.00            2.30
         and          493.00          502.00            9.00            1.44
         and          514.00          517.96            3.96            5.45
----------------------------------------------------------------------------
    VVGD-498           89.00           98.00            9.00            1.94
         and          177.00          186.00            9.00            1.65
         and          200.00          209.50            9.50            0.66
         and          222.40          225.00            2.60            8.09
         and          238.00          242.00            4.00            0.52
         and          259.00          282.20           23.20            1.27
         and          290.70          294.80            4.10            0.81
         and          303.00          313.00           10.00            0.65
         and          320.92          325.00            4.08            0.53
         and          349.00          356.00            7.00            0.73
         and          363.00          372.00            9.00            2.20
         and          388.00          394.40            6.40            1.35
         and          434.00          445.37           11.37            3.02
----------------------------------------------------------------------------
    VVGD-504          358.60          364.05            5.45            3.21
         and          405.00          426.75           21.75            2.93
   including          417.60          426.75            9.15            5.89
         and          447.32          459.75           12.43            1.13
         and          480.00          491.00           11.00            0.89
         and          496.00          500.00            4.00            0.60
         and          574.55          583.70            9.15            1.23
----------------------------------------------------------------------------
    VVGD-506           80.25           83.05            2.80            1.71
         and          149.00          151.00            2.00            2.01
         and          208.00          217.00            9.00            2.06
         and          223.20          229.13            5.93            0.78
         and          250.10          265.49           15.39            1.86
   including          250.10          256.85            6.75            2.78
         and          272.00          281.35            9.35            1.00
----------------------------------------------------------------------------
    VVGD-515           15.00           18.00            3.00            1.56
         and          104.00          107.00            3.00            0.98
         and          135.00          139.00            4.00            0.75
         and          147.00          152.00            5.00            0.98
         and          159.00          174.00           15.00            0.53
         and          179.80          198.70           18.90            0.86
----------------------------------------------------------------------------
    VVGD-516          369.00          374.00            5.00            1.11
         and          379.00          383.00            4.00            0.78
         and          397.00          401.00            4.00            0.68
         and          414.00          424.00           10.00            1.19
         and          460.00          471.00           11.00            1.12
         and          486.00          491.00            5.00            0.60
----------------------------------------------------------------------------
    VVGD-519          138.00          141.00            3.00            0.96
         and          233.00          239.50            6.50            2.48
         and          261.70          273.40           11.70            2.52
         and          283.00          288.56            5.56            0.87
         and          303.60          307.00            3.40            1.10
         and          315.00          321.00            6.00            2.30
         and          325.00          328.45            3.45            1.51
         and          333.20          337.40            4.20            1.56
----------------------------------------------------------------------------
    VVGD-527          167.00          180.00           13.00            1.16
         and          186.20          198.00           11.80            0.73
         and          230.00          238.00            8.00            2.09
         and          259.00          270.00           11.00            1.30
         and          275.00          279.00            4.00            1.53
         and          288.00          291.20            3.20            0.60
         and          295.00          299.00            4.00            0.55
----------------------------------------------------------------------------
    VVGD-532          249.00          255.00            6.00            0.74
         and          287.30          298.50           11.20            2.44
         and          302.00          317.00           15.00            1.40
         and          321.80          325.00            3.20            0.68
         and          352.00          356.30            4.30            1.01
         and          379.00          384.00            5.00            0.57
         and          388.00          394.00            6.00            1.17
         and          403.00          410.00            7.00            1.57
         and          432.00          444.00           12.00            0.98
----------------------------------------------------------------------------
    VVGD-540            0.00            5.50            5.50            0.96
         and          123.92          133.20            9.28            2.05
----------------------------------------------------------------------------
    VVGD-549          123.00          139.00           16.00            0.62
         and          187.00          190.00            3.00            1.07
----------------------------------------------------------------------------
    VVGD-554          280.00          284.20            4.20            0.86
         and          346.00          364.50           18.50            1.01
         and          375.75          385.00            9.25            3.81
         and          405.35          409.00            3.65            0.59
         and          412.50          420.00            7.50            1.60
----------------------------------------------------------------------------
    VVGD-558                             NSR                                
----------------------------------------------------------------------------
    VVGD-559            7.00           14.90            7.90            0.64
         and           36.00           44.00            8.00            0.88
         and          151.00          154.00            3.00            0.56
         and          156.00          159.00            3.00            0.57
         and          188.00          220.00           32.00            1.20
         and          231.10          238.00            6.90            1.59
         and          247.00          253.00            6.00            0.81
         and          313.00          316.00            3.00            0.55
         and          323.60          328.00            4.40            0.85
----------------------------------------------------------------------------
    VVGD-565          207.00          209.32            2.32            1.83
----------------------------------------------------------------------------
    VVGD-566           22.00           30.00            8.00            1.15
         and           35.45           48.75           13.30            0.61
         and           53.00           55.25            2.25            4.75
         and          103.55          109.17            5.62            1.40
         and          265.70          270.00            4.30            1.42
----------------------------------------------------------------------------
                                                                            
                                                                            
----------------------------------------------------------------------------
                                   South Block Target                       
----------------------------------------------------------------------------
      Hole #        From (m)          To (m)       Width (m)          Au g/t
----------------------------------------------------------------------------
    VVGD-422           82.00           92.00           10.00            1.04
         and          150.90          157.00            6.10            3.47
----------------------------------------------------------------------------
    VVGD-465          117.70          123.30            5.60            1.76
         and          218.00          222.65            4.65            6.13
----------------------------------------------------------------------------

Quality Assurance and Quality Control

The scientific and technical information in this press release has been reviewed and approved by David Gower, P. Geo., an advisor to Belo Sun and a Qualified Person as defined by National Instrument 43-101. The exploration program is directly supervised by Mr. Carlos Cravo, P. Geo., Belo Sun's exploration manager. Belo Sun's procedures for handling drill core comprise initial description and logging into a Microsoft Access database. Mineralized, suspected mineralized or not intervals in the drill holes are described in detail and marked for sampling. Core is then cut in half with the right-hand portion of the core put into plastic sample bags and sealed. The left-hand portion is returned to the core box and is stored for future reference or study. Assay standard and "Blank" samples are inserted every 20th sample. These samples are then delivered to ACME Labs sample preparation facility at the Project site. The assay samples are then fine-crushed to better than 80% passing 10 mesh screens, with an assay pulp split of up to 1,000 grams pulverized to better than 85% passing 200 mesh screen. Samples are assayed at ACME Labs in Santiago, Chile, using a 50 gram fire assay with AAS finish. These QA/QC procedures provide several measures of data quality and assure the company that the assay data is representative of the original sample.

About the Company

Belo Sun Mining Corp. is a Canadian-based mineral exploration company with a portfolio of properties focused on gold in Brazil. Belo Sun's primary focus is on advancing and expanding its 100% owned Volta Grande Gold Project, located in Para State. Belo Sun trades on the TSX under the symbol "BSX". For more information about Belo Sun please visit www.belosun.com.

Cautionary Statement on Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the impact of drill results on the Company and its understanding of the project; statements with respect to the development potential and timetable of the project; the estimation of mineral resources; realization of mineral resource estimates; the timing and amount of estimated future exploration; costs of future activities; capital and operating expenditures; success of exploration activities; currency exchange rates; government regulation of mining operations; and environmental risks. 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 risks inherent in the mining industry and risks described in the public disclosure of the Company which is available under the profile of the Company on SEDAR at www.sedar.com and on the Company's website at www.belosun.com. 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.

To view the maps associated with this release, please visit the following link: http://media3.marketwire.com/docs/BeloSunfigures.pdf.

Contacts:
Belo Sun Mining Corp.
Mark Eaton
President and CEO
(416) 309-2137
www.belosun.com

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