July 7, 2010

RESULTS OF ANNUAL GENERAL MEETING

Belmont Resources Inc. (TSX.V -“BEA”) (the “Company”) held its Annual General Meeting on July 5, 2010. At the meeting the shareholders re-elected Vojtech Agyagos, Gary Musil, Jake Bottay, and Roger Agyagos and recently appointed Vadim Degen for the upcoming year.

Shareholders approved, subject to acceptance by the TSX Venture Exchange, the Company’s 2010 Incentive Stock Option Plan. Shareholders also approved re-appointment of Dale, Matheson, Carr-Hilton, LaBonte LLP, Chartered Accountants as auditors for the ensuring year and authorized the Directors to fix their remuneration. All other resolutions submitted by management to shareholders for consideration were approved as presented.

At the Directors Meeting following, the directors re-appointed Vojtech Agyagos as President/Chief Executive Officer and Gary Musil as Corporate Secretary/Chief Financial Officer for the upcoming year.

The Board of Directors would like to thank the Company’s shareholders for their continued support throughout the past year.

About Belmont Resources Inc.
Belmont has recently entered into an option to acquire 100% interest in 1632 ha. (14 contiguous mineral claims), known as the Lumby/Bufo property located approximately 35 km. northeast of the town of Atikokan and adjoining on strike to the north-northeast with Osisko Mining Corporation/Brett Resources Inc. “Hammond Reef” deposit.

Belmont Resources Inc. has previously focused on acquiring uranium properties in developed and emerging uranium districts. Belmont (50/50) with International Montoro Resources Inc. has acquired, developed and is maintaining two significant uranium properties (Crackingstone –982 ha & Orbit Lake –11,109 ha) in the Uranium City District in Northern Saskatchewan. The Company also holds interests (50/50 with Int. Montoro) in two uranium claim blocks in the Central Mineral Belt in Labrador.

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

“Gary Musil”

Gary Musil
CFO/Director

 

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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