Uranium Power Corp (UPC)

[Ed Monton]

Get ready for Mongolian Red Metal Mania Part Deux

Bell Coast Capital Corp.-Mongolia Exploration Begins

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Apr 2, 2004) - Bell
Coast Capital Corp. ("Bell Coast") is pleased to announce that a
program consisting of induced polarization surveys over the
buried intrusive on the company's Shadow Mountain Property will
commence early next week.

The Shadow Mountain prospect located in the southwest corner of
the Gobi Desert, covers approximately 100,000 hectares and is in
close proximity to Ivanhoe Mines to the north and east. To date,
Bell Coast geologists have completed surface prospecting, limited
shallow drilling, mapping, and magnetic and induced polarization
(IP) geophysical surveys. The exploration team has observed
copper staining and copper mineralization in ten separate
locations within an east trending zone that is three kilometers
long and between two and three hundred meters wide. Surface
samples collected within this zone have assayed up to 2.76%
copper, 1.64 grams/tonne gold and 0.27% molybdenum. Results from
recently completed IP and magnetic surveys and shallow drilling
have yielded several promising targets.

Insight Geophysics Inc. of Toronto, Canada has been contracted to
conduct the survey using an innovative, deep penetrating,
diagnostic technique designed by the principles of Insight.
Approximately 200 km of surveying will be completed in the
initial phase of the program to cover the intrusive in the
vicinity of the Shadow Mountain Copper-Gold prospect previously
discovered by Bell Coast. The prospect consists of several
surface exposures of porphyry copper-gold style mineralization. A
drill program completed in early 2003 confirmed the style and
highly anomalous nature of mineralization and indicated the
potential for enriched supergene zones in the alluvium covered
areas of the property.

Concurrent with the geophysical program a crew will complete
magnetic surveys, soil geochemical surveys and prospecting and
mapping on the adjacent claim block to follow up three new
copper-gold zones discovered in a recent regional mapping
program. It was also noted that the intrusive that hosts the
original Shadow Mountain Prospect continues onto this adjacent
claim. It is anticipated that the induced polarization survey
will continue over the area of the new showings at the conclusion
of the above mentioned surveys.

Bell Coast's exploration programs are under the direction of the
Company's two senior geologists, Mr. Ken Thorsen, P.Eng., and Mr.
Robert Weicker, P. Geol. (qualified person). Following the recent
surface discovery at Shadow Mountain, Mr. Thorsen joined the
company as a member of the board and Vice-President of
Exploration. Mr. Thorsen has over 35 years experience in mineral
exploration worldwide. He was formerly the President of Teck
Exploration Ltd. and has been credited with the discovery of
several mines. He has vast experience in exploration for many
commodities, including gold, silver, copper, zinc, nickel,
platinum, palladium, diamonds and uranium and has been involved
in exploration programs in Mexico, Canada, USA, Peru, Chile,
Brazil, Argentina, Venezuela, Australia, China, Africa, Panama
and Central Asia.

Bell Coast has assembled a team of professionals that is familiar
with the geology and operational logistics of Mongolia. Mine Info
Inc., a Mongolian based exploration team of Soviet trained
geologists, with regional experience in the South Gobi Region,
has been retained by the Company on a contract basis to assist in
various work programs. The team can handle multiple functions
related to acquisition, evaluation and exploration with support
from the Canadian office. In addition, Bell Coast maintains an
office in Mongolia's capital city, Ulaan Bataar.

BELL COAST CAPITAL CORP.

Rahoul Sharan, President

WARNING: The Company relies on litigation protection for "forward
looking" statements. Actual results could differ materially from
those described in the news release as a result of numerous
factors, some of which are outside the control of the Company.

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FOR FURTHER INFORMATION PLEASE CONTACT:
Bell Coast Capital Corp.
Rahoul Sharan
President
[phone] or 1-800-570-8733
[phone] (FAX)
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the adequacy or accuracy of the content of this News Release.