BEL Belvedere Resources Ltd (delisted)

Belvedere Resources Ltd. (TSX VENTURE:BEL) ("Belvedere") announces that it has
closed the second and final tranche of the non-brokered private placement
announced on December 24, 2013. The second tranche consists of aggregate gross
proceeds of $377,500. The Company will issue 25,166,666 common shares at a price
of $0.015 per share in the second tranche. In total, the Company received gross
proceeds of $1,000,000 and issued 66,666,665 common shares in respect of the
private placement. A finder's fee will be payable in an amount not to exceed 5%,
and such finder's fee will be subject to Exchange acceptance.


As previously disclosed, the net proceeds from the private placement will be
applied to the general working capital of the Company and to develop mineral
assets. The private placement common shares will be issued subject to a minimum
four-month hold period from the date of issuance. The private placement is
subject to acceptance and approval by the TSX Venture Exchange. Finder's fees
may be payable with respect to the private placement, in accordance with
Exchange policies.


As previously disclosed, the directors of Belvedere are proposing that after the
private placement Belvedere consolidate its issued and outstanding common shares
at a rate of nine pre-consolidation shares to one post-consolidation share and
intend to convene a special meeting of shareholders of Belvedere for purposes of
considering a resolution to approve such proposed consolidation. The directors
intend that such special meeting will be convened and held by the end of
February, 2014, and that, if the consolidation is approved, the board of
directors currently intends to implement the consolidation as soon as
practicable following the approval of the consolidation by the shareholders and
the TSX Venture Exchange. 


BELVEDERE RESOURCES LTD.

David Pym, CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Belvedere Resources Ltd.
David Pym
CEO
+1-604-844-2838


Belvedere Resources Ltd.
Steven Cuthill
CFO
+1-604-513-0007
www.belvedere-resources.com

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