RESULTS OF ANNUAL GENERAL MEETING
Vancouver, B.C. Canada, July 28, 2015 – Belmont Resources Inc. (“Belmont”, the “Company” or “TSX.V: BEA” & Frankfurt: L3L) held is Annual General Meeting on July 27th, 2015.
Belmont Resources Inc.’s nominees listed in the Information Circular and Proxy related documents for the 2015 Annual General Meeting (“AGM”) of shareholders were all elected as Directors of the Company for the ensuing year.
The scrutineer reported that there were a total of thirty-two (32) Shareholders holding 2,100,445 shares represented in person or by proxy at this meeting. This represents 12% of the total 16,917,653 shares issued and outstanding, and an increased 4.5% voting over the previous 2014 AGM.
On a show of hands, the Chairman declared that the shareholders ratified the election of the directors as follows:
For Withheld % of Votes Cast For
Shareholders approved, subject to acceptance by the TSX Venture Exchange, the Company’s 2015 Incentive Stock Option Plan. Shareholders also approved the re-appointment of Dale Matheson Carr-Hilton Labonte LLP, Chartered Accountants as auditors for the ensuring year and authorized the Directors to fix their remuneration.
All other resolutions submitted by management to shareholders for consideration were approved as presented.
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 Dusan Berka.
The Board of Directors would like to thank Vadim Degen, who was not standing for reelection, for his assistance and support since first appointed in 2009.
The Board of Directors would also like to thank the Company’s shareholders for their patience and continued support throughout this past year of difficult market conditions, and would encourage anyone interested to contact the Company, if they are interested in subscribing to the recently announced non brokered private placement.
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.
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.