August 26, 2010

BELMONT APPOINTS JOSEPH RINGWALD, P.ENG. TO THE BOARD
 
Belmont Resources Inc. (TSX.V -BEA) (the "Company") is pleased to announce that Joseph P. Ringwald, P.Eng., has agreed to join the Board of Directors of Belmont.  Mr. Ringwald's most recent experience was the Vice President of Project Development for Brett Resources Inc. on its Hammond Reef, Atikokan, Ontario project, and others.  He was also responsible for the technical and social development of Brett's advanced projects.  Mr. Ringwald is a mining engineer with over 25 years of experience in the construction and mining industries.  His domestic and international mine development experience spans dozens of precious and base metal, uranium, coal, industrial minerals and diamond projects.  Senior industry roles include Vice President Technical Services and Sustainable Development with Tournigan Energy Ltd., on gold and uranium projects in Slovakia and a gold project in Northern Ireland; Technical Director of Mining with Amec Americas Limited on projects including Huidong gold (China), Eagle nickel (USA), Hammerstone aggregate and lime (Canada), Agua Rica copper-gold (Argentina), Malmbjerg molybdenum (Greenland), and numerous others; Vice President- Project Development with Crew Development Corporation on the Nalunaq Gold Project in Greenland; Senior Mining Engineer with SRK Consulting; and Senior Mining Engineer with Placer Dome Technical Services Ltd.
 
Belmont also announces that subject to TSX Venture Exchange approval, it has granted 600,000 stock options to directors, officers and consultants of the Company.  The options are set for a period of three years, expiring August 26, 2013, and will allow the holders to purchase shares in the Company at a price of $0.10.
                                                                
About Belmont Resources Inc.
 
Belmont has recently entered into an option to acquire 100% interest in 2144 ha. (16 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 Brett Resources Inc. "Hammond Reef" deposit.

 
Belmont Resources Inc. has previously focused on acquiring and developing uranium properties in developed and emerging uranium districts. Belmont (50/50) with International Montoro Resources Inc. has acquired 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 one rare earth and one uranium claim block 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 OF
BELMONT RESOURCES INC.
 
"Vojtech Agyagos"
Vojtech Agyagos, 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.

Latest News