TORONTO, ONTARIO -- (Marketwire) -- 02/01/13 -- Belo Sun Mining Corp. (TSX:BSX) reports that further to its news release dated December 18, 2012, it has filed a new technical report (the "Technical Report") in respect of the Company's 100%-owned Volta Grande gold project in Para State, Brazil (the "Project"). The Technical Report was prepared in compliance with National Instrument 43-101 - Standards for Disclosure for Mineral Projects requirements.

The Technical Report, entitled "Mineral Resource Technical Report for the Volta Grande Project, Para, Brazil", was authored by Jean-Francois Couture, PhD, PGeo, Lars Weiershauser, PhD, PGeo and Oy Leuangthong, PhD, PEng, who are "qualified person" as defined by National Instrument 43-101 and all of whom are independent of Belo Sun. The Technical Report is dated effective January 31, 2013 and may be found under the Company's profile on SEDAR at www.sedar.com.

About the Company

Belo Sun Mining Corp. is a Canadian-based mineral exploration company with a portfolio of properties focused on gold in Brazil. Belo Sun's primary focus is on advancing and expanding its 100% owned Volta Grande Gold Project, located in Para State. Belo Sun trades on the TSX under the symbol "BSX". For more information about Belo Sun please visit www.belosun.com.

Cautionary Statement on Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the impact of the NI 43-101 reserve report on the Company, the impact of drilling results; statements with respect to the development potential and timetable of the Company's projects; the future price of gold; the estimation of mineral resources; conclusions of economic evaluation (including scoping studies); the realization of mineral resource estimates; the timing and amount of estimated future production, development and exploration; costs of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental risks. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to those risks described in the annual information form of the Company which is available under the profile of the Company on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.