Response to Share Price Movement

28 March 2013

Bellzone Mining plc

("Bellzone" or "the Company")

Response to Share Price Movement

Bellzone Mining plc (AIM: BZM) notes the movement in the Company's share price.

The Board confirms the Company is currently in discussions with one of its major shareholders, China Sonangol International Singapore Pte Ltd ("CS"), with regard to securing additional equity capital which may or may not lead to an offer being made for the company.

This announcement has been made without the consent of CS. At this stage there can be no certainty that the preliminary discussions will result in additional equity capital being secured, nor as to the terms on which any proposal might be made or pursued.

A further announcement will be made to shareholders in due course.