BELMONT FOCUSES ON KIBBY BASIN PROPERTY, NEVADA AND TERMINATES QUEBEC OPTIONS
Vancouver, B.C. Canada, May 6, 2016 - Belmont Resources Inc. (TSX.V: BEA; FSE: L3L1; OTC: BEAAF.PK) ("Belmont", or the "Company"). The Company currently awaits its NI 43-101 Report on the Kibby Basin, Nevada property and recommended 1st phase exploration program.
Harricana - Turgeon Properties - Abitibi Region, Northwestern Quebec
The Company has agreed to a mutual termination of the Option Agreement with the vendors on the three (3) Quebec properties more commonly referred to as the Berthiaume, Joutel, and Angle claim groups. The Company agrees to return all data and reports to the vendors, as was compiled on the properties; and has no further exploration or property commitments.
ON BEHALF OF THE BOARD OF DIRECTORS
This Press Release may contain forward-looking statements that may involve a number of risks and uncertainties, based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control. Forward looking statements in this news release include statements about the possible raising of capital and exploration of our properties. Actual events or results could differ materially from the Companies forward-looking statements and expectations. These risks and uncertainties include, among other things, that we may not be able to obtain regulatory approval; that we may not be able to raise funds required, that conditions to closing may not be fulfilled and we may not be able to organize and carry out an exploration program in 2016; and other risks associated with being a mineral exploration and development company. These forward-looking statements are made as of the date of this news release and, except as required by applicable laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.
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.