BELMONT RESUMES TRADING ON POST-CONSOLIDATED BASIS
Vancouver, B.C. Canada, November 9, 2011 – Belmont Resources Inc. (“Belmont”, the “Company” or “BEA”) announces that effective as of the opening of trading of the TSX Venture Exchange (the “Exchange”) Tuesday November 8, 2011, the Company completed the consolidation of its common share capital on the basis of one (1) post-consolidated common share for every eight (8) pre-consolidated common shares held (the “Consolidation”). The Company’s trading symbol will remain the same. The Company’s new CUSIP number is 080499 40 3.
Letters of Transmittal with respect to the Consolidation will be mailed to all registered shareholders of the Company. All registered shareholders will be required to send their respective certificates representing the pre-consolidated common shares along with a properly executed Letter of Transmittal to the Company’s transfer agent, CIBC Mellon Trust Company (the “Trust Company”), in accordance with the instructions provided in the Letter of Transmittal. Additional copies of the Letter of Transmittal may be obtained from the Trust Company office at #1600 – 1066 West Hastings Street, Vancouver, B.C. V6E 3X1. Any questions should be directed to the Trust Company at 1-800-387-0825 or be sending an e-mail to email@example.com. All shareholders who submit a duly completed Letter of Transmittal along with their respective pre-consolidated common share certificate(s) to the Trust Company, will receive a post-consolidated common share certificate.
About Belmont Resources Inc.
Belmont Resources Inc. is an emerging resource company engaged in the acquisition, exploration and development of mineral properties in Canada.
Belmont 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 is exploring 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 the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy