Belvedere intersects a further high grade zone of 5.2 g/t gold over 15.33 metres on the Kiimala gold property.

Belvedere Resources Ltd. (“Belvedere”) is pleased to announce that the final assay results have been received from the last five holes of the 2nd phase of diamond drilling on the Ängesneva gold copper occurrence.

The Ängesneva occurrence is one of a number of sub-cropping historical gold occurrences occurring over a 15 km strike length on the 100% owned 300 km2 Kiimala property.

David Pym (CEO) comments “Significant thicknesses of high grade gold mineralisation continue to be intercepted within the large lower grade envelopes at Ängesneva. The current high grade intersection lies 50m to the south of a similar intersection reported previously in BELANG008 and includes an interval of 4.54 m @ 12.6 g/t Au. Further drilling is required to determine controls to the high grade mineralisation and whether these zones are contiguous.”

The 2nd phase of diamond drilling at Ängesneva totalled 2080m over nine holes. Results are presented here for the last five holes, BelAng 9-13. Results form earlier holes are reported previously. The deposit has now been drilled on 25m sections over a strike length of 300m and remains open at depth and to the northeast. Current modelling suggests the body strikes NE and dips at approximately 800 to the East and plunges 400 to the north. The mineralisation occurs from bedrock surface beneath a 1-3 metre depth of till to at least 280 metres vertically and has a true thickness of between 50 and 60m. At the northern extents the mineralisation appears to break into upper and lower zones separated by a 10-15m gap of low grade to barren material. The mineralisation is hosted in a Proterozoic aged gabbro/diorite intrusive and occurs in quartz veins and shear zones associated with pyrite, chalcopyrite, arsenopyrite and pyrrhotite.

Significant weighted average intersections are summarised in the table below. True widths are estimated to be 75 – 80% of the intersect widths. The drillhole plan can be viewed on the company’s website http://www.belvedere-resources.com/.

*Intervals are calculated with a 0.6 g/t Au cutoff grade, maximum grade assayed is 29.7 g/t Au, no upper cut is applied.

Of the holes drilled in this phase BELANG 9, 10 and 11 intersected the zone, whilst holes 12 and 13 were drilled to determine the plunge of the mineralisation.

The drilling was undertaken by Suomen Malmi Oy of Finland, providing 57.5 mm diameter core. Samples are comprised of half diamond core. Core samples are sawn in half on site, prepped at the ALS Chemex prep facility in Sweden, and assayed by 30g fire assay with an ICPAES finish at the ALS Chemex Vancouver Laboratory.