BELMONT GRANTS STOCK OPTIONS
Vancouver, B.C. Canada, June 24, 2015 – Belmont Resources Inc. (“Belmont”, the “Company” or “TSX.V: BEA”).
920,000 incentive stock options granted June 19, 2012 at $0.12 expired unexercised on June 19, 2015. As a result the Company has granted 875,000 new incentive stock options to directors, employees and consultants at a price of $0.05 for a period of three years. All options/securities issued, are subject to a hold period, the Company’s Stock Option Plan and regulatory approvals.
About Belmont Resources Inc.
In March 2015, the Company entered into a Letter of Intent to acquire 51% ownership in 32 mineral claims (1,696 ha) known as the “KM 140 Property”, in the James Bay Region of Quebec. The Company is completing due diligence on these claims and hoping to secure financing prior to signing a final option agreement for this property.
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 has 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.