Bellzone Mining Regulatory News (BZM)

8 December 2010

Bellzone Mining plc

("Bellzone" or the "Company")

Kalia Mine Engineering Consultant Appointments

Following the Company's update on the rail and port infrastructure development announced on 30 November 2010, Bellzone Mining plc (AIM:BZM), the iron ore and nickel/copper company developing the Kalia Iron Mine in the Republic of Guinea, West Africa, is pleased to announce an update on the Kalia Mine: TWP Australia Pty Ltd ("TWP"), in conjunction with Ausenco Limited have been appointed as the engineering consultants to conduct the detailed feasibility study ("DFS") for the Kalia Mine:

·; TWP is part of the Basil Read Group in South Africa. Basil Read is the 5th largest construction firm in southern Africa and offers opportunities to undertake build, own, operate ("BOO") and build, own, transfer ("BOT") operations in mining and power development. TWP have an excellent track record in project delivery and will perform overall management services of the DFS as well as dedicated scopes covering mining, power and site infrastructure development

·; Ausenco are a Perth based engineering, procurement, construction and management ("EPCM") company with extensive experience in mineral process plant design and commissioning in Africa

TWP Australia is a multi-disciplinary engineering design, construction and project management company, which through its parent; The Basil Read Group, is able to provide mining and engineering services from study and project management through to contract mining and operations. TWP Australia has the necessary history and access to experienced personnel to execute the Kalia Mine DFS and through the construction phases and into operations if desired. The combined group has the knowhow to implement complex process plant projects and support infrastructure from hydro and fossil fuelled power solutions to mine operations in the African region. TWP has been awarded the project management, mining, power and mine infrastructure aspects of the DFS.

Ausenco is known internationally for its capabilities in the provision of study, engineering design and construction services for mineral processing concentrators, particularly in remote regions similar to the Kaila project. Ausenco will support the Kalia Mine Project with recent design experience in similar iron ore concentrators, regional experience and the resources to supply quality engineering and project solutions to complete the Kalia study with a "fit for purpose" design. Ausenco have been awarded the processing and materials handling scope of the DFS as the nominated engineer.

TWP Australia and Ausenco have the approach and cultural fit to work cooperatively with the Bellzone project team and successfully deliver a quality study necessary to support the schedule to meet the planned first ore shipment dates in 2014. The Company expects that the DFS studies will commence immediately and that the DFS will be completed by Q4, 2011.

In support of the increased personnel and technical activities required to support the DFS, Bellzone has:

·; Appointed

o Johan Labuschagne - Manager of Mining

Johan is a mining engineer with more than 20 years multinational mining operational experience in South Africa, Zambia, Ghana, Mali and Western Australia. His experience covers senior management positions on large owner mining open pit iron ore and copper operations, contract mining operations and multi-pit gold operations. Johan has worked in West Africa taking a Greenfield mining project to full operational status. His specific experience in Open Pit mining covers all aspects from resource development, optimisation and design to equipment selection and all operational functions.

o Rod Davies - Process Manager

Rod is a metallurgist with over 20 years' experience in the mining and minerals industry, covering all aspects from feasibility studies and project management, commissioning through to operations. Rod's extensive experience covers a number of mineral process including nickel, copper and iron ore for projects located in Africa, Australia, Saudi Arabia and Brazil. Rod has recently been involved with a number of magnetite project developments in Sierra Leone, West Africa.

·; Increased the Kalia camp capacity, accommodation and facilities.

 In addition, the Company continues to progress the magnetite bulk sample process with preliminary results from the initial 10 year Kalia pit indicating good performance through standard operating and magnetic separation equipment. The full results of the magnetite bulk sampling are expected to be available Q2 2011.

Graham Fyfe, Chief Operating Officer commented:"The appointment of TWP and Ausenco comes after a long and detailed selection process. I believe we have appointed the two consultants who best cover the range of skills and experience required to undertake the diversity of the Kalia Mine feasibility study. Both have excellent credentials in undertaking projects of this diversity and magnitude in Africa. Under the guidance of Bryan Pearce, our Project Director and our key project leadership team of Johan as Manager of Mining and Rod as Process Manager, we look forward to working with their teams and completing the DFS as planned."

Enquiries:

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.