Vancouver, B.C. Canada, July 27, 2011 – Belmont Resources Inc. (“Belmont”, the “Company” or “BEA”) invites is shareholders to attend the Annual and Special Meeting (the “Meeting”) of Shareholders of Belmont to be held at 10:00 a.m. on Thursday, August 25, 2011 at its registered and records office located at Suite 300, 576 Seymour Street, Vancouver, B.C. for the following purposes:
1) To receive and consider the Report of the Directors, appoint auditors for the ensuing year, election of Directors to hold office until the next AGM, approve the Stock Option Plan and to transact such other business as may properly come before the meeting; and
2) To consider and, if thought fit, approve a special resolution to approve the cancellation of the existing Articles and adoption of the new form of Articles for the Company. The full text of the proposed New Articles will be presented to the shareholders at the Meeting. The highlights and provisions in the New Articles are described in the Information Circular dated July 20, 2011 (Record Date for determination of persons entitled to receive notice of the Meeting and entitled to vote or to have their Shares voted at the Meeting) and to be mailed to shareholders of record on July 27, 2011; and
3) Thirdly, it is anticipated that the Board of Directors (the “Directors”) following the approval of the foregoing resolution will consider the consolidating of the issued and outstanding share capital of the Company on the basis of up to a ten (10) to one(1) ratio. The ratio of consolidation, if necessary and advisable, will be determined by the Directors in the best interests of the Company and its Shareholders. It is not anticipated that the Company will change its name if a consolidation occurs. The current issued and outstanding shares are 48,511,053 and on a fully diluted basis – 64,967,053. The consolidation is subject to shareholder approval, and when applicable, to the TSX Venture Exchange acceptance.
A copy of the Information Circular can be downloaded from www.Sedar.com
About Belmont Resources Inc.
Belmont has recently entered into an option to acquire 100% interest in 3,040 ha. (23 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 the Osisko Mining Corp. (former Brett Resources Inc.) “Hammond Reef” deposit.
Belmont (50/50) with International Montoro Resources Inc. has acquired and explored 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 Res.) in one rare earth mineral 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
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.