Drilling Intersects 22.31 m Grading 2.64 g/t Au at Osikonmäki East

Belvedere Resources Ltd. (the “Company”) is pleased to announce that the final assay results have been received from its second phase of drilling on the Osikonmäki East gold deposit, within its 100% owned Rantasalmi property in southern Finland.

Highlights include:
•22.31 m @ 2.64 g/t Au in BELOSI 18
•14.78 m @ 2.95 g/t Au in BELOSI 14

David Pym, CEO comments: “This drill programme confirms the potential of the Osikonmäki deposit. This phase of drilling was successful in infilling and extending known mineralisation up-dip. BELOSI 18 is a particularly exciting drillhole. It intersects a significant width of mineralisation to the south west of the main zone, and remains open in all directions. This is in an area highlighted in the recent re-interpretation of historical geophysics as hosting potential for high-grade gold mineralisation. In addition, the interpretation has identified two parallel zones with similar geophysical signatures to the Osikonmäki Shear. These are now high priority exploration targets. While Belvedere’s exploration to date has concentrated on the eastern 800 metres of the Osikonmäki deposit, the mineralisation is continuous along strike for at least 1.8 km to the west, and remains open in all directions”.

The diamond drill programme consisted of 913 metres of drilling over 18 holes. The program was designed to define the up-dip extents of the Osikonmäki East deposit. Significant weighted average intersections are summarised in the table below. All intersects are approximate true widths. The drillhole plan can be viewed on the company’s website http://www.belvedere-resources.com.

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