June 10, 2010Proposed Drill Plan

BELMONT INTERSECTS NEW MULTI PARALLEL ZONES OF GOLD AT LUMBY/BUFO PROPERTY NORTHEAST OF THE BRETT RESOURCES INC. HAMMOND REEF DEPOSIT

Belmont Resources Inc. (TSX.V -“BEA”) (the “Company”) has received assay results from the final three holes of a five hole (1,024 meters) diamond drill program completed on the Company’s Lumby/Bufo property. The 1632 ha group of 14 contiguous mineral claims (102 claim units) adjoins on strike to the north- northeast with Brett Resources Inc “Hammond Reef deposit” (TSX.V –BBR), (“Brett”) claims. The gold-bearing structures on the Brett property can be traced northeast onto the Lumby/Bufo Lake property. The Lumby/Bufo property is located approximately 35 km northeast of the town of Atikokan, Ontario.

This initial drill program in the south portion of Bufo Lake tested one of three East-West VLF-EM and Max Min conductors previously detected under Bufo and Two Bay Lake. The claim group has potential for the discovery of high-grade gold, silver and base metal deposits as shown by Belmont’s recent drilling and previous exploration work carried out by Atikokan Resources Inc. from 1994 to 2004. Atikokan Resources made a significant discovery of a high grade silver-base metal mineralization at the east end of Lumby Lake reporting grab samples from the main showing assaying up to 416 oz/ton silver, 25% lead and 15% zinc. A 300 ton bulk sample extracted in 2003 averaged 15 oz. silver/ton. The gold-silver discovery in the Bufo Lake area is a significant new discovery, and will provide substantial new information for further planned drilling and exploration.

On May 19, 2010 the Company released results of Holes BB-10-1 & 2 with intersections up to 17.87 g/t Au. The following are assays not previously reported and are from Holes BB-10-3, BB-10-4 and BB-10-5, and shows the multi parallel zones of gold mineralization contained within the east-west deformation zone through the analyses of 609 samples along a strike distance of 500 meters. The structure, gold and silver mineralization is open on strike to the east and west and at depth. Multi-element values are still being compiled and show elevated (anomalous) amounts of copper, nickel and titanium, which coincide with the sheared and altered mafic gabbros. Further details of the multi-elements will be reported after completing compilations and analysis. (See Drill Plan Map on the Company website at www.BelmontResources.com for location of Drill Holes)

Hole BB-10-3 was drilled to a depth of 201 meters at an angle of –50 degrees, and positioned 100 meters west of Hole BB-10-2. This hole intersected sheared and altered mafic and intermediate volcanic and intrusive rocks.

Sample Number

Depth

Interval

Au g/t

Ag g/t

992294

34.3 m to 35.55 m

1.25 m

0.124

*

992308

53.45 m to 55.0 m


1.55 m

0.074

*

992318 to
992320

81.0 m to 83.3 m

2.30 m

0.088

*

which includes
992319

82.4 m to 82.6 m

0.2 m

0.40

*

992343

116.3 m to 117.8 m

1.50 m

1.729

*

992365 to
992369

139.5 m to 143.4 m

3.90 m

0.886

*

which includes 992365

139.5 m to 140.0 m

0.50 m

0.512

*

and 992367

141.1 m to 142.5 m

1.10 m

2.434

 

992383

161.4 m to 162.75 m

1.35 m

0.063

 

992386 to 992400
992413 to 992428

164.6 m to 201.6 m

28.96 m

anomalous

3.19

which includes 992392

169.3 m to 170.3 m

1.0 m

""

5.12

and 992393

170.3 m to 170.8 m

0.5 m

""

11.65

*Awaiting Atomic Absorption (“AA”) analysis

Hole BB-10-4 was drilled to a length of 171 meters at an angle of –50 degrees and encountered continuously altered mafic, felsic meta-volcanic and intrusive rocks down to the bottom of the hole, indicating an alteration system over 100+ meters wide. Numerous intersections containing gold and silver were also encountered as follows:

Sample Number

Depth

Interval

Au g/t

Ag g/t

992429 to 992432

10.55 m to 16.1 m

5.55 m

anomalous

3.58

992433
992434

17.0 m to 18.7 m

1.7 m

0.072

3.05

992434

17.8 m to 18.7 m

0.9 m

108 ppb (0.108)

2.68

992452 to 992479

58.0 m to 83.7m

25.7 m

anomalous

3.16

992461

67.85m to 68.05 m

0.20 m

1.962

3.34

992462

68.05 m 68.5 m

0.45 m

86 ppb (0.086)

2.84

992474 to 992479

79.15 m to 83.7

4.14 m

0.061

3.66

992476

80.7 m to 81.1 m

0.4 m

anomalous

3.95

Hole BB-10-5 was drilled to a depth of 286 meters at an angle of –47 degrees due North. This hole was drilled on the south shore of Bufo Lake approximately 300 meters south of Hole BB-10-1 to test rocks and structure not intersected by BB-10-1.

Sample Number

Depth

Interval

Au g/t

Ag g/t

998506 & 998506

63.0 m to 64.0 m

1.0 m

Anomalous

5.61

998511

84.0 m to 84.8 m

0.8 m

434 ppb (0.434)

3.50

998515 to 998518
88.4 m to 94.4 m

88.4 m to 94.4 m

6.0 m

145 ppb (0.145)

2.30

Including 998517

91.3 m to 92.9 m

1.6 m

318 ppb (0.318)

2.89

998528

105.0m to 106.5m

1.5 m

78 ppb (0.078)

2.76

998546

173.9m to 175.4m

1.5 m

221 ppb (0.221)

3.22

998547

175.4m to 176.9m

1.5 m

41 ppb (0.041)

3.12

998550

183.6 to 185.1

1.5 m

37 ppb (0.037)

2.82

998551 to 998564

185.1 to 201.7

19.2 m

anomalous

2.56

The historical geophysical conductors detected under the south and north portion of Bufo Lake indicates continuity of these two conductors west and east of Bufo Lake, eastward to Lumby Lake. The south Bufo Lake conductor appears to coincide with the consistent silver values in the 2 to 11 g/t range throughout 80 % of the core drilled. This silver mineralization appears to coincide with the earlier base metal mineralization as shown by the former drilling by Atikokan Resources Inc. at the east end of Lumby Lake.

The rock types and mineralization encountered during this drilling program suggests the presence of three types of mineralization: A - VMS type (as shown by Atikokan Resources), B - Magmatic Type Cu-Ni-PGM (again confirmed by Atikokan Resources) and C - Hydrothermal (or meso-thermal) Gold-Silver Type contained in carbonatized, sericitized, chloritized sheared mafic-felsic intrusive and/or extrusive contact zones of local and regional intersecting fault zones. The work of previous exploration groups and recently carried out by Belmont has confirmed the presence of one of many such intersecting structures on the property.

South of the Lumby/Bufo property, Brett continues expanding and advancing its evaluation on its Hammond Reef deposit which has outlined an inferred resource of 259.4 million tonnes grading 0.8 gram per tonne Au using a cut off grade of 0.30 g/t gold (reported to contain 6.7 million ounces of gold). In addition to the current resource, Hammond Reef offers exciting exploration potential as recent drilling confirmed continuity of mineralization along strike two kilometers northeast of the existing resource. Brett has also identified several parallel structures in the project area that host mineralization similar to the main body. Brett-Osisko has recently announced an additional 300,000 metres of definition drilling on their property to the south.

Quality Assurance and Quality Control

The Company utilizes standard industry practices in quality control and quality assurance with insertion of blind standards, blanks, and duplicates, in addition to the quality assurance and quality control practiced by the assay laboratory. Sample preparation and analysis are conducted by Accurassay Laboratories in Thunder Bay, Ontario, an ISO/IEC guideline 17025 accredited facility.

This press release has been reviewed and approved by Raymond A. Bernatchez, P.Eng. Consulting Geologist and a qualified person as defined in NI 43-101.

Further information can be obtained from the Company website at www.BelmontResources.com and www.sedar.com, or by phoning 604-683-6648.

ON BEHALF OF THE BOARD OF DIRECTORS

“Vojtech Agyagos”

Vojtech Agaygos
President/CEO

The statements used in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Companies forward-looking statements and expectations.

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

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