Bellzone Mining Regulatory News (BZM)

01 August 2011

Bellzone Mining plc

("Bellzone" or the "Company")

Forécariah JV Resource Development

·; 8 million m3 of oxide cap in maiden volume at Yomboyeli ridge

·; Average thickness between 8 and 12 metres

·; Volume identified on 1km2 of the initial 2.7km2 of mapped oxide at surface

·; Internal resource estimates based on ore body modelling with grades on track for September 2011

Bellzone Mining plc (AIM:BZM) is pleased to report an initial iron oxide cap volume of 8.0 million m3 at the Yomboyeli site of the Forécariah JV Project (the "JV") with its partner, China International Fund ("CIF"), in the Republic of Guinea, West Africa.

The initial volume is based on drilling over 1km2 of the 2.7km2 of mapped oxide at surface on the Yomboyeli site. Ongoing exploration and mapping has identified additional prospective targets of oxide and magnetite that are outside the currently mapped 2.7km2 oxide that is under development.

The iron oxide cap in the mapped 2.7km2 area is a product of the Marampa beds. The Marampa beds extend from within Serra Leone to 8km NNW of Yomboyeli. Of the 8km strike of the prospective Marampa Beds within the JV only Yomboyeli and Yaneyah have been subjected to any degree of exploration.

Beneath the oxide layer, drilling has identified parallel zones of iron schists in the Marampa beds.

First production will target the 2 million m3 of higher tenor material identified within the larger oxide cap. Bulk density readings ranging from 2.6t/m3 through 3.9t/m3 have been obtained from the oxide material in this area.

Two reverse circulation ('RC') rigs are currently conducting infill drilling of the Yomboyeli ridge. One rig will switch in approximately two weeks to a program extending the oxide package. A third RC drill rig is expected on site within two weeks.

The drilling operations at Yomboyeli are on track to provide resource information for detailed mine planning and production scheduling by October this year.

Work done on the Phase I resource to date includes:

·; 43 diamond drill ("DD") holes

·; 3,037 metres in 41 trenches

·; 30 RC drill holes.

Samples from the Phase I programme are being processed by an independent assay laboratory in Perth. Phase II of the RC drilling programme will infill the Phase I drilling profiles and consists of 117 drill holes. The results of the Phase II work and internal resource estimates based on ore body modelling with grades will be announced in September 2011.

Nik Zuks, Chief Executive Officer, commented: "I am very pleased with our progress on all fronts, work on the project continues at a fast pace and today's announcement is the first step in allowing us to model an internal resource for September. The road development is ahead of schedule and key contracts for equipment procurement and port construction will be awarded over the next few weeks. All aspects are on schedule to deliver on our target of first ore being shipped in Q1 2012."

The mineral resource information disclosed in this announcement has been reviewed by Peter Batten, BAppSc, member of the Australasian Institute Mining and Metallurgy. He has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which is being undertaken, to qualify as a Competent Person for the purposes of this announcement.

Bellzone Mining Plc

Bellzone Mining plc is an exploration and resource development company with iron ore and nickel / copper permits in the Republic of Guinea, West Africa.

Kalia Mine

The Company's flagship project, the Kalia Mine Project, has a Company estimated magnetite resource potential of 6.4 billion tonnes, which includes a 3.74 billion tonnes JORC resource, located on the Kalia I prospect and an initial oxide JORC resource producing 43 million tonnes of 58% product from just 4.3% of the 55km2 of the mapped surface oxides on the Kalia permit. Drilling results and internal estimates indicate that the Kalia Mine Project has the potential to host more than 10 billion tonnes of magnetite and 2 billion tonnes of oxide.

Bellzone plans to develop the Kalia Mine Project in two stages;

·; commencing with a 20mtpa oxide production facility in 2014 and a 10mtpa magnetite concentrator in 2015,

·; stage two increases oxide output to 30mtpa in 2017 and doubles the concentrate output to 20mtpa in 2018.

CIF - Project, Financing & Infrastructure Partner

Bellzone has a Definitive Agreement ("the Agreement") with China International Fund Limited ("CIF"). The Agreement gives CIF right of first refusal to purchase the Kalia Mine Project's production at market rates and CIF commits to providing Bellzone commercially related funding for the development of the Kalia Mine Project.

The Agreement contains CIF's commitment to fund and build a commercially operated rail and port infrastructure that will enable Bellzone to export production from Kalia Mine Project. The infrastructure is being developed by Kalia Horizon Minerals Pte Limited that is 90% owned by CIF with Bellzone having a 10% carried interest. The Agreement provides for Bellzone to be the lowest cost user with permanent priority access.

Forécariah JV

In addition to the Kalia Mine Project, Bellzone and CIF have fully funded a joint venture to undertake the accelerated exploration and development programme at CIF's Forécariah iron permits that lie between 30 and 80 kms from the Guinea coast.

Production is on schedule to start in Q1 2012 at the Yomboyeli target with an initial production rate of 3-4 mtpa of oxide ore, ramping to a rate of 10 mtpa in 2013. Resource development is underway, with all drill holes intersecting oxide mineralisation. A surface oxide cap of between 8m and 33m has been identified by the drilling programme. The ore will be transported 76km by bulk ore road trains to a transhipping port at Konta, on the south coast of Guinea. From the port loadout facilities the ore will be barged to deep water prior to loading onto bulk sea carriers. Construction on the first 24km of road from the port location of Konta has started. Construction on the port is due to start in August 2011.