Belmont Receives Surface Sample Assays up to 29.2 Grams Per Tonne at Pathfinder Property, Greenwood Gold Camp, B.C.

VANCOUVER, BC / ACCESSWIRE / July 30, 2019 / Belmont Resources Inc. (“Belmont”), (or the “Company”), (TSX.V: BEA; FSE: L3L1; DTC Eligible – CUSIP 080499502).

Belmont has received a positive Summary Report from consulting geologist Chris Allen, who recently completed his visit to the 295.56 hectare Pathfinder property. The report gives details of surface rock sampling and compilation of previously published and un-published reports for the recently acquired Pathfinder property (See News Releases from March 28 & May 9, 2019)

The work carried out included a detailed literature review as well as five days on the property carrying out mapping of outcrops, old mine workings, and other significant features. Fifteen (15) surface rock samples were also collected from outcrops and old mine waste piles. Gold values ranged from 0.006 ppm Au (altered silty volcaniclastics) to 29.2 grams per tonne (g/t) Au (quartz-sulphide vein material), with seven (7) of the samples returning grades of >1 g/t Au along with elevated to anomalous silver and base metal values. The mapping and sampling program verified the presence of multiple zones of quartz sulphide vein and massive pyrite-pyrrhotite-chalcopyrite replacement/skarn mineralization that warrant follow-up. Analyses was carried out by ALS Canada of North Vancouver. See table below of selected assays from rock samples.

Sample

Ag

As

Bi

Cu

Pb

Sb

Au

ppm

ppm

ppm

ppm

ppm

ppm

ppm

1001

14.75

14.7

7.63

47.0

62.7

0.3

1.08

1002

90.40

4.2

72.40

21.6

14250.0

0.3

4.51

1004

2.88

90.5

429.00

935.0

18.6

2.3

1.27

1006

0.48

9.2

1.39

331.0

7.4

0.8

0.52

1011

0.61

10.4

1.33

383.0

4.3

1.2

3.23

1012

16.70

195.0

7.52

5180.0

24.2

14.6

2.44

1013

16.40

19.7

13.40

365.0

4.0

5.0

29.20

1014

6.84

34.2

4.36

4220.0

84.5

1.2

0.41

1015

8.20

7.0

4.45

3130.0

7.5

3.5

1.06

The property has had small scale, high grade gold mining with silver as an accessory product since the late 1800’s. Belmont will compile information from mining reports and studies carried out by other companies as well as the recent assay and survey data in order to plan the next stage of analysis and sampling at Pathfinder, including strategically locating drilling targets.

Figure 1: Location of previous trenching work carried out in 2008 showing channel sample of massive pyrite – pyrrhotite replacement of Triassic volcaniclastics and Cretaceous granodiorite

Figure 2: Old Collapsed Adit from the historic Pathfinder Workings.

NI 43-101 Disclosure:

Robert A. (Bob) Lane, MSc, PGeo, and a Qualified Person as defined by National Instrument 43-101, visited the property with Chris Allen on July 24th, and has reviewed and approved the above technical information in this news release.

About Belmont Resources Inc.

Belmont is an emerging resource company engaged in the acquisition, exploration and development of mineral properties in Canada and Nevada, U.S.A.

For further information see our Website at: www.BelmontResources.com
Facebook https://www.facebook.com/Nevadalithium/
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(i) On March 28, 2019 Belmont entered into an agreement to acquire 100% interest in 253.34 hectares of mineral claims (now increased to 295.56 ha) which are part of the former Pathfinder Property, located in the historically productive Republic-Greenwood Gold District. Copper and gold mining in this camp dates back to the turn of the century. The property is currently surrounded on 3 sides by claims held by KG Exploration (Canada) Inc. (a wholly owned subsidiary of Kinross Gold Corporation).

(ii) Belmont owns the Kibby Basin Lithium project covering 2,056 hectares (5,080 acres) in Esmeralda County, Nevada, U.S.A. The Kibby Basin property is located 65 km north of Clayton Valley, Nevada the location of the only US Lithium producer. MGX Minerals Inc. (CSE: XMG) has earned a 25% interest in the Kibby project.

(iii)In 50/50 ownership with International Montoro Resources Inc., Belmont owns and is exploring joint venture opportunities for its significant uranium properties (Crackingstone -982 ha) in the Uranium City District in Northern Saskatchewan, Canada

ON BEHALF OF THE BOARD OF DIRECTORS

“James H. Place”

James H. Place
CEO/President

This Press Release may contain forward-looking statements that may involve a number of risks and uncertainties, based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control. Forward looking statements in this news release include statements about the possible raising of capital and exploration of our properties. Actual events or results could differ materially from the Companies forward-looking statements and expectations. These risks and uncertainties include, among other things, that we may not be able to obtain regulatory approval; that we may not be able to raise funds required, that conditions to closing may not be fulfilled and we may not be able to organize and carry out an exploration program in 2019, and other risks associated with being a mineral exploration and development company. These forward-looking statements are made as of the date of this news release and, except as required by applicable laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE: Belmont Resources Inc.

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