Private Placement

Vancouver, British Columbia, May 4, 2015. Belvedere Resources Ltd. BEL:TSX-V (“Belvedere” or
the “Company”) is proposing to undertake a non-brokered private placement to raise up to C$1 million
through the issuance of up to 20,000,000 common shares of Belvedere at a price of C$0.05 per share.
The net proceeds from the private placement will be applied to the general working capital of the Company.
The private placement is subject to acceptance and approval by the TSX Venture Exchange.

Brian Hinchcliffe, Executive Chairman
Suite #404, Vancouver World Trade Centre, 999 Canada Place, Vancouver, B.C. V6C 3E2, Canada
Tel. 914-815-2773 or

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.