Belo Sun Receives Construction Licence FOR the Volta Grande GOLD Project

BELO SUN RECEIVES CONSTRUCTION LICENCE

FOR THE VOLTA GRANDE GOLD PROJECT

Toronto, Ontario

February 2, 2017

Belo Sun Mining Corp. (“Belo Sun”) (TSX: BSX) has received the “Licenca de Instalacao” ( “LI” or

“Construction Licence”) for its Volta Grande Gold Project from the Brazilian State Government of Pará

under the environmental authority, SEMAS (“Secretaria de Estado de Meio Ambiente e Sustentabilidade

do Pará” or “Para State Secretary of Environment and Sustainability”).

The Construction Licence is the final governmental approval authorizing Belo Sun to proceed with the

construction and development of its Volta Grande Gold Project. The project consists of an open pit, a gold

recovery process facility, water and tailings management and supporting infrastructure.

Peter Tagliamonte, President and CEO of Belo Sun, commented "We are very pleased to have received

the construction licence. This marks a significant milestone in the development of the Volta Grande Gold

Project, and we look forward to starting construction. We would like to express our gratitude to the state

and municipal governments, as well as the local communities, for their ongoing support of this project.”

About the Company

Belo Sun Mining Corp. is a Canadian -based mineral exploration and development company with a

portfolio of gold-focused properties in Brazil. The Company is currently focused on the development of

its 100%-owned Volta Grande Gold Project. Belo Sun trades on the T oronto Stock Exchange under the

symbol “BSX”. For more information about Belo Sun please visit www.belosun.com.

Caution regarding 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

next steps for the property, timetable for de velopment, permitting status and authority, production

forecast, infrastructure projections, progress in development of mineral properties and the future financial

or operating performance of the Company . 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 res ults,

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: general business,

economic, competitive, geopolitical and soc ial uncertainties; the actual results of current exploration

activities; other risks of the mining industry and the risks described in the annual information form of the

Company. 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.