City Code on Takeovers and Mergers

26 November 2012

Bellzone Mining plc

City Code on Takeovers and Mergers

Bellzone Mining plc (AIM:BZM) ("Bellzone" or the "Company") announces that as a result of Bellzone's place of central management and control being in Jersey as determined by a majority of the Board of Directors being resident in Jersey, the Company is now subject to the City Code on Takeovers and Mergers (the "City Code").

Enquiries:

Bellzone Mining plc

Peta Baldwin, Corporate Affairs +44 (0) 1534 834 699

Canaccord Genuity Limited

Nominated Adviser and Joint Broker to Bellzone +44 (0)20 7523 8000

Andrew Chubb/Tarica Mpinga

Tavistock (UK)

Jos Simson/Mike Bartlett +44 (0)20 7920 3150 / +44 (0)7899 870 450

About 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 Project is the Company's flagship project with a resource of 6.16Bt of magnetite. The Forécariah iron ore mine commenced production in May 2012 and is a joint venture between Bellzone (50%) and China International Fund Limited (50%).

www.bellzone.com