Belvedere Resources Ltd. (BEL) is a Canadian-based nickel producer. The Company is engaged in the acquisition, exploration, development and operation of mineral properties in Finland. During the year ended December 31, 2008, the Company continued exploration drifting and drilling on the Mid and South Hitura complexes. During 2008, the Company drilled 15 holes totalling 2639 meter at Hirsikangas. The Company’s mineral property includes: Hitura, Valkeisenranta, Hautalampi, Sarkiniemi, Sarkalahti, Ninimaki, Hyvela, Mantymaki, Sahakoski, Riihilahti and Osikonmaki East. In July 2009, the Company announced that Finn Nickel OY (Finn Nickel), a 100% owned subsidiary of Belvedere, has decided to initiate voluntary bankruptcy proceedings.