Bellzone Mining Regulatory News (BZM)

6 December 2010

Bellzone Mining plc

("Bellzone" or the "Company")

Guinea Election

Bellzone Mining plc (AIM:BZM), the iron ore and nickel/copper company developing the Kalia Iron Mine in the Republic of Guinea, West Africa, would like to congratulate Alphe Conde' on his appointment as President of Guinea and the people of Guinea for successfully holding their first free and fair democratic election:

·; Alpha Conde' was officially appointed President of Guinea, by the Supreme Court of Guinea, on the 3rd of December 2010. Alpha Conde', beat his rival Cellou Dalein Diallo, in the Presidential election runoff by gaining 52.5% of the country's vote.

·; Cellou Dalein Diallo has conceded defeat and has continued to urge his supporters to remain calm and peaceful and to respect the Supreme Court's validation of the results.

·; Post the Supreme Court announcement reports from our staff in Guinea are that all is quiet and it was business as usual in the Conakry and the rest of the country.

·; The precautionary state of emergency and boarder closures, implemented prior to the Supreme Court ruling, have been lifted.

Nik Zuks, Managing Director commented: "I would like to congratulate Alpha Conde on his appointment as President of Guinea. This brings to closure the first democratic election held in Guinea and writes an important step in Guinea's history.

Bellzone is extremely excited and positive about the future of Guinea under the leadership of Alpha Conde as we continue to develop the large Kalia iron ore deposits and the nickel copper potential of our Sadeka licenses.

With our partners, the China International Fund Limited, who have commitment to fund and build the much needed rail and port infrastructure to support the export of the iron and bauxite resources in Guinea, Bellzone is proud to be an integral part of the development of the country as we work together to bring these large resources into operation."

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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.

The Company's flagship project, the Kalia Iron Mine has a JORC resource of 3.74 billion tonnes, located on the Kalia I prospect. Drilling results and internal estimates indicate that Kalia Prospect has the potential to host more than 10 billion tonnes of magnetite and 2.55 billion tonnes of oxide at surface.

Exploration work continues to further define the potential at Kalia I on both the magnetite and oxide at surface.

Bellzone is committed to the staged development of the Kalia Iron Project, which includes a 50mtpa iron ore facility, rail and port, with initial production scheduled in 2014. Stage one is planned to bring online 20mtpa direct shipping ore ('DSO') capacity in 2014 and a 10mtpa magnetite concentrator in 2015. Stage two increasing the DSO output to 30mtpa in 2017 and doubling the concentrate capacity to 20mtpa by 2018.

Bellzone signed an Infrastructure Accord with the Republic of Guinea giving the Company exclusive rights to the designated port and rail areas for purposes of conducting studies for the development of the infrastructure leading to the signing of a convention and concession. The infrastructure forms a key part of the Guinea Government's infrastructure strategy and will support the development of iron ore, bauxite and other minerals in Guinea through its availability for 3rd party use.

On 2 August 2010, Bellzone signed definitive agreements with China International Fund ('CIF'). CIF will finance and develop the rail and port infrastructure and offer a finance package to Bellzone for the development of the Kalia Mine in exchange for the first right to purchase 100% of the off-take of the Kalia Mine at market price.

An exploration programme is currently underway at the Forecariah Iron Permits that lie between 40 and 80kms from the Guinea coast. Bellzone and CIF will jointly develop these permits which are prospective for oxide and magnetite. The oxide has the potential to deliver cash flow from a Direct Shipping Ore project in the short term.

Bellzone has competed an intensive mapping and surface sampling programme and has defined highly prospective drilling targets at its Sadeka Nickel/Copper Project and will commence a drilling programme on these targets in Q4 2010.