BELMONT ACQUIRES FOUR GROUPS OF QUEBEC CLAIMS IN WORLD CLASS DEPOSITS AREA
Vancouver, B.C. Canada, June 5, 2012 – Belmont Resources Inc. (“Belmont”, the “Company” or “BEA”) has entered into a property option agreement to acquire four groups (51) mineral claims, representing 2,254.27 hectares located in the Berthiaume, Orvilliers and Joutel Townships, all located within the Abitibi Harricana-Turgeon volcanic greenstone belt of Northwestern, Quebec. This belt hosts several world class deposits that have produced both gold and base metals.
The Joutel block (15 claims) is just northeast of major past producers including the Agnico-Eagle gold mine (6.1Mt @ 6.57 g/t gold) and two base metal mines, the Poirier Mine ( 4.8 Mt @ 1.97 Cu, 0.6 Zn, 4.57 g/t Ag) and Joutel Copper (1.5 Mt @ 2.4% Cu, 2.9% Zn, 17.15 g/t Ag).
The Orvilliers block (5 claims) is midway between the Selbaie Mine (41 Mt @ 1% Cu, 2% Zn, 0.65 g/t Au, 43 g/t Ag) and the Estrades base metal-gold deposit (1.0 Mt @ 0.94% Cu, 10.7% Zn, 182 g/t Ag, 5.5 g/t Au), and northeast of the Casa-Berardi gold mine ( + 9.2 Mt @ 5.8 g/t gold).
The other two claim groups (8 and 23 claims), located in Berthiaume Township, cover a massive sulphides occurence that provided both zinc and copper anomalies from a previous drilling program.
All of these properties were selected on the basis of interpreted favorable structures and lithologies. The fifteen claims block in Joutel is currently under registration at the ministry and the validity period appearing into the agreement will be amended as soon as the ministry will communicate its confirmation.
Terms of the acquisition are:
The Company has commissioned an NI 43-101 geological report on the properties, with recommendations for the first phase exploration program. The technical portion of this release has been reviewed and approved by Alain Tremblay, geol. eng., an independent qualified person as defined under NI 43-101.
About Belmont Resources Inc.
In February 2010 the Company 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” 10.53 million ounce gold 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 the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.