Private Placement Increased

Posted on Friday March 17, 2006

Following the news release on March 2nd, where Belvedere Resources Ltd (“the Company”) announced a private placement of up to 3,500,000 units at C$ 0.32 cents per unit, the Company is pleased to advise that a total 3,550,000 units have been placed.

The issue of the common shares are subject to regulatory approval.

BELVEDERE RESOURCES LTD. Andrew Aylwin, President


For further information, please contact:
Andrew Aylwin: 011-44-7779-128125
Steve Cuthill: 1-604-408-0550

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