RESULT OF ANNUAL AND SPECIAL GENERAL MEETING
Vancouver, B.C. Canada, July 31, 2014 – Belmont Resources Inc. (“Belmont”, the “Company” or “TSX.V: BEA”) held is Annual and Special General Meeting on July 25, 2014.
At the meeting the shareholders re-elected Vojtech Agyagos, Gary Musil, Jake Bottay, Roger Agyagos and Vadim Degen for the upcoming year. The scrutineer reported that there were a total of 45 shareholders holding 1,091,831 Shares represented in person or by proxy at the meeting. This represents 7.49% of the total 14,577,653 shares issued and outstanding.
Votes cast for each director were as follows:
Vojtech Agyagos – 1,091,831
Gary Musil – 1,089,331
Jake Bottay – 1,089,331
Roger Agyagos – 1,091,831
Vadim Degen - 1,091,822
Shareholders approved, subject to acceptance by the TSX Venture Exchange, the Company’s 2014 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 Special Resolution adopting the new Articles of Incorporation as described in more detail in the AGM Information Circular under the heading ‘Adoption of New Articles’.
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 audit committee will comprise Gary Musil, Jake Bottay and Vadim Degen.
The Board of Directors would like to thank the Company’s shareholders for their continued support throughout the past year.
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 have 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.