Vancouver, B.C. Canada, September 27, 2013 – Belmont Resources Inc. (“Belmont”, the “Company” or “TSX.V: BEA”) announces that the TSX Venture Exchange has agreed to extend the terms and amending the exercise price of certain warrants previously issued:
Warrant Extensions and Amendments
(i) Original Expiry – December 30, 2013. These warrants were originally issued on December 30, 2011 and had an expiry of two years. The Company has obtained regulatory approval to extend the expiry for an additional one year to December 30, 2014 along with amending the exercise price from $0.20 to $0.15. All other terms remain the same.
(ii) Original Expiry – March 28, 2014. These warrants were originally issued on March 28, 2012 and had an expiry of two years. The Company has obtained regulatory approval to extend the expiry for an additional one year to March 28, 2015 along with amending the exercise price from $0.20 to $0.15. All other terms remain the same.
The Company will not be issuing new warrants unless a written request is provided by the warrant holder to the Company. Warrant holders requiring the issuance of a new warrant should do so in writing to the Company at Suite 600, 625 Howe Street, Vancouver, B.C. V6C 2T6. New warrants will only be issued upon the warrant holder surrendering their original warrant.
If you have any questions, please feel free to contact the Company at (604) 683-6648.
About Belmont Resources Inc.
In June 2012, the Company entered into a property option agreement to acquire four groups of mineral (51) claims, representing 2,254.27 hectares in the Berthiaume, Orvilliers and Joutel Townships, all located within the Abitibi Harricana-Turgeon volcanic greenstone of Northwestern, Quebec. This belt hosts several world- class deposits that have produced both gold and base metals.
The Company completed and fulfilled the final terms of the February 2010 option agreement and has now acquired a 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. The property adjoins the “Hammond Reef” gold deposit, belonging to Osisko Mining Corp. (former Brett Resources Inc.), along strike to the north-northeast.
In 50/50 ownership with International Montoro Resources Inc., Belmont has acquired and is exploring joint venture opportunities for its two significant uranium properties (Crackingstone -982 ha & Orbit Lake – 11,109 ha) in the Uranium City District in Northern Saskatchewan.
Further information can be found on the Company’s website at www.BelmontResources.com and on www.Sedar.com, or by phoning 604-683-6648.
ON BEHALF OF THE BOARD OF DIRECTORS
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.