April 5, 2011

BELMONT CONFIRMS AND IDENTIFIES NEW POLYMETALLIC (GOLD & BASE METAL) VMS STYLE DEPOSITS ON THE LUMBY-BUFO PROPERTY.

Belmont Resources is pleased to report the results of the last 5 holes of their 2010-11 fall-winter drilling program on its 100% owned Lumby-Bufo property northeast of Atikokan and adjacent to Osisko’s Hammond Reef Gold project.

Belmont previously reported the results of the first three holes (BB-10-6, 7 & 8) drilled at the north end of Bufo Lake where the three holes intersected anomalous values of gold, silver, copper and zinc contained within an east-west striking mineralized sulphide and quartz-ankerite bearing vein system associated with altered interbedded tuff, massive and pillowed mafic volcanic rocks. The holes confirmed the westerly and easterly extension of the gold mineralized horizons intersected by previous exploration in this area and further eastward under Lumby Lake.

Holes BB-10-09 and BB-10-10 were drilled to test the down-dip and strike extension of the south east-west gold and silver mineralization encountered in holes BB-10-01 to BB-10-05 drilled last spring in the southwestern portion of Bufo Lake. Hole BB-10-09 was collared 50 meters north of BB-10-02 to test the down-dip extension of gold mineralization encountered in Hole BB-10-02. Hole BB-10-10 collared 100 meters west of BB-10-03 tested the westerly extension of the gold mineralization encountered in hole BB-10-3. Hole BB-10-04 drilled last spring is located 200 meters west of hole BB-10-10. Further reconnaissance geological observations around the south end of Bufo Lake revealed several other untested parallel Fe-carbonate shear zones.
The following are highlights of the values intersected in Holes BB-10-09 and BB-10-10.

Download complete news release in pdf format here.

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.

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