Company Information for Belvedere Resources Limited

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Company Statement

Belvedere Resources Limited is a mining and exploration company based in Finland. Primarily focused on nickel and gold, Belvedere has two operating nickel mines and a large portfolio of advanced exploration projects.

Belvedere has strong internal growth prospects, through a solid pipeline of development projects. Our long history in Finland and experienced Finnish mining team uniquely positions Belvedere to capitalise on these assets.

The company is currently the eighth biggest claim holder in Finland, with a diverse portfolio of nickel, gold, cobalt, zinc and copper properties, all stages of the development cycle.

Current Operations

Hitura Mine

• Belvedere acquired the operation from Outokumpu Mining, June 2007
• Belvedere increases reserves by 156% at the Hitura Nickel Mine
• Commissioned 3.5 million euro (CAN $5M) exploration programme underway to developing further resources and reserves at the Hitura middle and south orebodies.

Särkiniemi Mine

• First concentrates shipped in July
• Open pit mine completed Nov 16th – 62,000 t @ 1% Ni
• Underground “crown pillar” operation commences December for an additional 30,000 t of higher grade ore
• Now infill drilling Särkiniemi East 

The Nickel ore is hosted in the base of a small shallow dipping intrusion which is inferred to be tectonically removed from a much larger intrusion to the south. The ore is faulted off on the southern margin. A large geophysical survey is commissioned to start exploration of the area.

Luikonlahti Mill

Engineering studies are underway to assess maintenance and investment required to re-commission the mill. Studies will look at expanding the existing capacity of around 800 tonnes per day up to a 1600-2000 tonne per day capacity. 

Geographical Spread

Finland

Board of Directors and Key Management

DHW Dobson	Chairman, Non Exec. Director
D Pym	CEO, Exec. Director
Dr T Strauss	COO, Exec. Director
J S Thomson	CFO, Exec. Director
Markku Isohanni	Non Exec. Director
CPC Donald	Non Exec. Director
V J Penttila	Non Exec. Director
S R Cuthill	Secretary & Treasurer

Company Address Kaupintie11 Helsinki, Finland FIN-00440 Telephone: +358 (0)9 5865100 Facsimile: +358 (0)40 5812607 Email: david.pym[at]belvedere-resources.com Website: http://www.belvedere-resources.com

Additional Address/Key Contact Corporate Office  Suite #404, Vancouver World Trade Centre 999 Canada Place Vancouver BC Canada. V6C 3E2 +1 604 8442838 +44(0)7931 371869

Capital 79,133,336 Common shares as at April 28th, 2008; Fully Diluted - 86,629,758 shares

Annual General Meeting June in Vancouver, BC

Year End December 31st

Nominated Brokers Ocean Equities Ltd.

Related News

16/05/08 - Belvedere Aims To Produce 10,000 Tonnes Of Nickel Per Year, With Upside In Gold As An Additional Kicker
30/10/07 - Belvedere Resources Benefits From Outokumpu’s Exit From Mining
03/07/07 - Belvedere Starts Blasting at Newly Acquired Sarkiniemi Nickel Mine
14/02/07 - Belvedere Resources Moves Into Production With Purchase Of Hitura Nickel Mine

Most Recent Statement

02/10/08 - Belvedere dispatches first concentrate shipment to Jinchuan
26/09/08 - Belvedere Resources Ltd. - Work Stoppage at Hitura Mine
25/09/08 - Belvedere granted environmental permit to mine Särkiniemi East nickel ore-body
20/08/08 - Belvedere Announce 7.5 Million USD Prepayment Agreement
11/07/08 - Belvedere discovers new mineralised zone at the Hitura Nickel Mine
23/05/08 - Belvedere Signs New Off-take Agreement