Bellair Ventures Inc.: Update on Proposed Acquisition of Urban Mechanical Contracting Ltd.

Bellair Ventures Inc. (TSX VENTURE:BVI) (the "Corporation") is pleased to
announce that the TSX Venture Exchange (the "Exchange") has conditionally
accepted the acquisition of all of the issued and outstanding shares of Urban
Mechanical Contracting Ltd. ("Urban Mechanical"). Final approval of the Exchange
is subject to the Corporation fulfilling all of the requirements of the Exchange
and closing of the proposed transaction remains subject to final acceptance of
the Exchange.


Certain statements in this press release are forward-looking statements. The
reader is cautioned that assumptions used in the preparation of such
information, although considered reasonable by the Corporation at the time of
preparation, may prove to be incorrect. Forward-looking statements, specifically
those concerning future performance, the closing of the proposed acquisition of
all of the issued and outstanding shares of Urban Mechanical and other
statements that are not historical fact, are subject to certain risks and
uncertainties, and actual results may differ materially from the Corporation's
plans and expectations. These plans, expectations, risks and uncertainties are
detailed herein and from time to time in the filings made by the Corporation
with the Exchange and securities regulators. The Corporation does not assume any
obligation to update or revise its forward-looking statements, whether as a
result of new information, future events or otherwise, except as required by
law.


Completion of the proposed acquisition of Urban Mechanical is subject to a
number of conditions, including final Exchange acceptance and approval of the
shareholders of the Corporation. The transaction cannot close until the required
shareholder approval is obtained. There can be no assurance that the transaction
will be completed as proposed or at all. All forward-looking information
contained in this news release is expressly qualified in its entirety by this
cautionary statement.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bellair Ventures Inc.
Emlyn J. David
President, Chief Executive Officer, Secretary and Chairman
of the Corporation
(416) 840-5002

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