BELMONT APPOINTS MR. AZIZ KHALILI, MSc. EE, TO ITS ADVISORY BOARD & INVESTIGATES “GREEN” LITHIUM PROCESSING
Vancouver, B.C. Canada, November 17, 2016 - Belmont Resources Inc. (TSX.V: BEA; FSE: L3L1; ("Belmont", or the "Company").
Belmont would like to welcome Mr. Abdolaziz (“Aziz”) Khalili, MSc. EE, engineering consultant to the advisory board.
Mr. Khalili’s company - Khalili Engineers and Associates “Solar Powered Desalination Pipe Project” (SPDPP) proposal for Santa Monica, California, has garnered much attention in the press. The SPDPP is designed to generate 4.5 billion liters of drinking water using electromagnetic filtration desalination ‘electromagnetic filtration uses an isolated electromagnetic field on pipes circulating seawater, separating the salts and impurities. The process is rapid and energy efficient’. Khalili Engineers elaborate: http://ow.ly/w6Hu306cZfk
Belmont’s consultants are actively researching and communicating with groups and individuals working in the area of water desalination and carbon based elemental sub molecular selectively permeable mediums.
Belmont is proactively investigating a “green” approach in lithium extraction methods from brine waters. Belmont acknowledges that Nevada and all the Western States in the Great Basin have entered the 7th year of drought. Belmont’s long term outlook is to investigate the viability of the production of potable water as a byproduct of lithium separation from brines using internally developed technology. The production of water for agricultural and drinking purposes, as part of the element concentrating process, we feel, would be beneficial for the surrounding community and economy of Esmeralda County, Nevada. Concentrating the ionic metals (lithium ions and other marketable minerals) to be separated by non-chemical means is also a goal of Belmont.
Stock Options Granting:
The Company has granted incentive stock options to directors, officers, and advisors to purchase an aggregate of up to 500,000 common shares at $0.08 per share for a three year period.
About Belmont Resources Inc.
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Belmont is an emerging resource company engaged in the acquisition, exploration and development of mineral properties in Canada and Nevada, U.S.A.
On March 30, 2016; the Company entered into a property acquisition agreement to acquire sixteen placer (16) mining claims, representing 1036 hectares (2,560 acres) in Esmeralda County, Nevada, U.S.A. The Kibby Basin property is located 65 km north of Clayton Valley, Nevada. The Company believes the property to be highly prospective to host lithium.
On July 11, 2016; the Company reported it has arranged the staking of 213 x 20 acre additional placer mineral claims totaling approx. 1724 hectares (4,260 acres) , adjoining the Kibby 16, increasing the total Kibby Basin land position (the “Property”) to 2760 hectares (6,820 acres).
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.
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