CEASE TRADE ORDER/SUSPENDED FROM TRADING

Vancouver, B.C. – August 10, 2011. – Belmont Resources Inc. was issued a Cease Trade Order by the B.C. Securities Commission (the “BCSC”) on August 9, 2011 for failing to file Interim Financial Statements and Management’s Discussion & Analysis for the first quarter ended April 30, 2011 (the “Interim Filings”), within the required time period.

The Company was suspended from trading by the TSX Venture Exchange (the “Exchange”) on August 10, 2011 as a result of the Cease Trade Order. Reinstatement to trading can occur when the Cease Trade Order is revoked and the Exchange has concluded its reinstatement review to ensure the Company has satisfactorily complied with all Exchange requirements.

The Company has now filed on SEDAR the Interim Filings and is currently working towards reinstatement of trading.

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

“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.

Latest News