Belvedere Resources Ltd: Gold Results From Resource Delineation Drilling at Kopsa, Finland

VANCOUVER - Dec. 5, 2011) - Belvedere Resources Ltd. (TSX VENTURE: BEL) ("Belvedere") is pleased to announce new results from a 4,300m programme of resource delineation drilling at its 100% owned Kopsa gold project. The Kopsa gold, copper project is being evaluated as an open pit satellite mining operation to be processed at the Hitura Nickel mine and mill, which lies only 15 km away.


Highlights

- New hanging wall zone identified in BelKopDD 82 - 12.74 m @ 2.79 g/t Au, 0.08% Cu

- Infill results in the high-grade part of the main zone continue to deliver good results e.g.
20.3 m @ 4.61 g/t Au 0.36% Cu (BelKopDD 65)
23.3 m @ 2.51 g/t Au 0.28% Cu (BelKopDD 72)

- Further drilling extends the main zone resource downdip and along strike e.g.
43.68 m @ 1.03 g/t Au, 0.09% Cu (BelKopDD 80)
22.64 m @ 1.85 g/t Au, 0.10% Cu (BelKopDD 83)

David Pym (CEO) comments " This phase of drilling is now complete and should be of sufficient density to allow an NI 43-101 compliant resource to be calculated for the central part of the main zone at Kopsa. This in conjunction with the upcoming detailed metallurgical studies will form the basis for a scoping study to be completed in Q1 2012, on the feasibility of mining the Kopsa gold copper deposit …"

The recent drill programme consisted of 4,320 metres over 44 holes, and is focused on, shallow near surface mineralisation in the main zone. Mineralisation in the Main Zone occurs largely between surface and 100m vertical, has a true thickness between 20 and 70m and dips shallowly to the south. It has now been delineated over a strike length of 600 metres, and remains open in all directions. Further mineralised zones have been intersected to the north and south of the Main Zone, and remain targets for future follow-up drilling.

Hole 	From 	To 	Interval 	Au g/t 	Cu ppm 	Au gm
BELKOPDD064 	15.15 	50.91 	35.76 	1.28 	1741 	45.8
BELKOPDD064 	58.00 	67.37 	9.37 	1.67 	1595 	15.6
BELKOPDD064 	93.33 	97.89 	4.56 	1.34 	908 	6.1
BELKOPDD065 	32.04 	52.36 	20.32 	4.61 	3618 	93.6
BELKOPDD065 	62.77 	66.34 	3.57 	2.25 	2294 	8.0
BELKOPDD065 	87.04 	91.99 	4.95 	0.85 	2014 	4.2
BELKOPDD066 	57.43 	62.33 	4.90 	0.75 	2168 	3.7
BELKOPDD067 	94.86 	96.88 	2.02 	3.16 	2865 	6.4
BELKOPDD067 	107.52 	113.36 	5.84 	1.08 	1031 	6.3
BELKOPDD068 	24.67 	34.17 	9.50 	1.22 	2267 	11.6
BELKOPDD068 	96.02 	100.23 	4.21 	1.06 	2696 	4.5
BELKOPDD069 	48.97 	58.32 	9.35 	1.47 	2794 	13.8
BELKOPDD069 	88.05 	95.73 	7.68 	0.90 	855 	6.9
BELKOPDD069 	128.31 	136.78 	8.47 	0.73 	1688 	6.2
BELKOPDD071 	4.86 	25.83 	20.97 	0.91 	1931 	19.0
BELKOPDD072 	24.40 	47.71 	23.31 	2.51 	2837 	58.5
BELKOPDD073 	39.71 	56.87 	17.16 	1.05 	1674 	18.0
BELKOPDD074 	8.77 	27.36 	18.59 	1.31 	1060 	24.3
BELKOPDD074 	40.07 	60.05 	19.98 	1.94 	335 	38.8
BELKOPDD075 	8.95 	13.50 	4.55 	0.85 	474 	3.9
BELKOPDD075 	23.25 	41.30 	18.05 	1.00 	1013 	18.0
BELKOPDD075 	50.44 	53.85 	3.41 	2.65 	976 	9.0
BELKOPDD076 	13.80 	17.19 	3.39 	1.08 	2306 	3.7
BELKOPDD078 	17.74 	19.92 	2.18 	2.87 	723 	6.3
BELKOPDD078 	47.39 	69.46 	22.07 	1.18 	798 	26.1
BELKOPDD079 	38.13 	81.00 	42.87 	0.79 	1719 	33.7
BELKOPDD079 	86.12 	134.19 	48.07 	0.52 	1551 	24.9
BELKOPDD080 	31.23 	35.60 	4.37 	2.49 	744 	10.9
BELKOPDD080 	49.22 	92.90 	43.68 	1.03 	890 	44.9
BELKOPDD081 	24.76 	30.71 	5.95 	1.15 	987 	6.9
BELKOPDD081 	44.15 	91.46 	47.31 	0.73 	1255 	34.5
BELKOPDD082 	8.62 	21.36 	12.74 	2.79 	801 	35.6
BELKOPDD082 	86.62 	108.30 	21.68 	1.23 	2520 	26.7
BELKOPDD083 	56.90 	79.54 	22.64 	1.85 	964 	41.9
BELKOPDD084 	58.68 	81.95 	23.27 	0.97 	1458 	22.5
BELKOPDD084 	84.82 	96.92 	12.10 	0.59 	1387 	7.2
BELKOPDD085 	18.39 	34.41 	16.02 	1.32 	970 	21.2
BELKOPDD086 	31.16 	34.38 	3.22 	1.30 	1656 	4.2
BELKOPDD086 	59.83 	65.30 	5.47 	0.82 	1210 	4.5

Table 1: Intersections using a 0.5 g/t Au cut-off with a grade thickness greater than 3 gram meters. No top cut is applied. Maximum grade is 22.0g/t Au over 1.08m, one of five individual samples over 15 g/t Au (0.5 oz/t). Intersections are estimated to be 85 - 100% of true width.

The drilling was undertaken by Drillcon SMOY of Finland, providing 42 mm diameter core. Samples are comprised of half diamond core. Intersections are estimated to be 85% - 100% of true width. No top cuts are applied with the highest individual assay being 22.0 g/t gold over 1.08 metres. Core samples are sawn in half on site, prepped and assayed by 30g fire assay with an AAS finish at the internationally accredited laboratories of ALS Chemex in Finland. The quality assurance-quality control (QAQC) program of Belvedere consists of the insertion of certified standards of known gold content every 20 samples, with blanks at the beginning of each batch. In addition, ALS Chemex inserts a number of blanks and standards into the analytical process. Standards, blanks and duplicates make up approximately 15% of the samples assayed. The remaining half core is retained on site for verification and reference purposes. The locations of the drillholes are provided in the table below.

hole_ID 	x 	y 	z 	Depth 	azimuth 	dip
BELKOPDD064 	2561340 	7075177 	112.489 	125.5 	200 	50
BELKOPDD065 	2561375 	7075161 	112.398 	149.05 	200 	50
BELKOPDD066 	2561514 	7075223 	107.634 	104.75 	203 	50
BELKOPDD067 	2561293 	7075044 	113.739 	143.69 	20 	50
BELKOPDD068 	2561260 	7075062 	113.204 	155.39 	20 	50
BELKOPDD069 	2561230 	7075078 	113.2 	149.4 	20 	50
BELKOPDD070 	2561147 	7075083 	109.29 	134.55 	20 	50
BELKOPDD071 	2561389 	7075186 	112.95 	107.65 	20 	45
BELKOPDD072 	2561407 	7075143 	112.55 	86.7 	20 	50
BELKOPDD073 	2561443 	7075112 	112.968 	102 	20 	50
BELKOPDD074 	2561522 	7075154 	110.296 	65.95 	23 	60
BELKOPDD075 	2561556 	7075141 	109.195 	68.3 	21 	50
BELKOPDD076 	2561614 	7075129 	107.871 	70.8 	22 	50
BELKOPDD077 	2561671 	7075102 	107.347 	76.73 	23 	50
BELKOPDD078 	2561551 	7075106 	110.59 	86.05 	25 	50
BELKOPDD079 	2561574 	7075057 	110.612 	143.47 	21 	50
BELKOPDD080 	2561521 	7075068 	113.323 	117.02 	20 	50
BELKOPDD081 	2561435 	7075072 	113.605 	128.96 	24 	50
BELKOPDD082 	2561422 	7075029 	114.111 	159.05 	24 	50
BELKOPDD083 	2561368 	7075064 	113.652 	119.9 	20 	50
BELKOPDD084 	2561339 	7075056 	113.173 	131.6 	21 	50
BELKOPDD085 	2561394 	7075240 	111.078 	74.7 	20 	50
BELKOPDD086 	2561411 	7075228 	111.703 	81 	20 	50

Forward Looking Statement:

Some of the statements contained herein may be forward-looking statement, which involve known and unknown risks and uncertainties. Without limitation, statements regarding future plans and objectives of the Company (including statements relating to future resource and production targets) are forward looking statements that involve various degrees of risk. It is important to note that the Company's actual results could differ materially from those in such forward-looking statements.

The technical aspects of this statement have been prepared under the supervision of Pekka Lovén (MSc), who is acting as an Independent Qualified Person in compliance with National Instrument 43-101 with respect to this release. The data supporting this news release has been provided in a Surpac database and has been verified against the original laboratory assay certificates. The Qualified Person has not undertaken any independent sampling of the drill core.



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Contact Information

Belvedere Resources Ltd.
David Pym, CEO
+1-604-844-2838

BELVEDERE RESOURCES LTD.
Toby Strauss, COO
+1-604-844-2838

BELVEDERE RESOURCES LTD.
Suite #404, Vancouver World Trade Centre
999 Canada Place
Vancouver. BC.
V6C 3E2, Canada
www.belvedere-resources.com