TORONTO, ONTARIO--(Marketwire - July 9, 2012) - Bell Copper Corporation ("Bell Copper" or the "Company") (TSX VENTURE:BCU) is pleased to announce that it has signed a purchase agreement (the "Purchase Agreement") with Copper Fox Metals Inc. ("Copper Fox") (TSX VENTURE:CUU) whereby Copper Fox will acquire 100% of Bell Copper's interests in the Van Dyke property located in Miami, Arizona and the Sombrero Butte property located in Pinal County, Arizona (together, the "Properties"). Under the terms of the Purchase Agreement, Copper Fox will acquire 100% of the Properties by paying to Bell Copper CDN$2,000,000 in cash and assuming Bell Copper's continuing obligations in respect of the Properties. The Purchase Agreement is subject to Bell Copper completing the acquisition of the Van Dyke property pursuant to the terms of the purchase and sale and royalty agreement between Bell Resources (Nevada) Corporation, a wholly-owned subsidiary of Bell Copper, and Bennu Properties, LLC, Albert W. Fritz Jr. and Edith Spencer Fritz (collectively, the "Vendors"), including payment by Bell Copper of US$500,000 in cash to the Vendors on closing (see the news release issued by Bell Copper on March 12, 2012). The Purchase Agreement is also subject to certain other conditions, including completion of due diligence in respect of the Properties by Copper Fox and TSX Venture Exchange approval.
