RESULTS OF ANNUAL GENERAL MEETING
Vancouver, B.C. Canada, September 1, 2011 – Belmont Resources Inc. (“Belmont”, the “Company” or “BEA”) held its Annual General Meeting on August 25, 2011. At the meeting the shareholders re-elected Vojtech Agyagos, Gary Musil, Jake Bottay, Roger Agyagos, Vadim Degen and elected recently appointed Joseph P. Ringwald, for the upcoming year.
Shareholders approved, subject to acceptance by the TSX Venture Exchange, the Company’s 2011 Incentive Stock Option Plan. Shareholders also approved the re-appointment of Dale, Matheson, Carr-Hilton, LaBonte LLP, Chartered Accountants as auditors for the ensuing year and authorized the Directors to fix their remuneration.
All other resolutions submitted by management to shareholders for consideration were approved as presented, including the approval for a share consolidation 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.
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 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
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