October 6, 2026 – Vancouver, British Columbia – Belmont Resources Inc. (TSX-V: BEA; FSE: L3L2) (“Belmont” or the “Company”) is pleased to announce that a high-resolution ground gravity survey has commenced at its 100%-owned Crackingstone Uranium Project, located approximately 6 kilometres from Uranium City, Saskatchewan.

The gravity survey is an important component of Belmont’s ongoing exploration program and is designed to identify subsurface density variations and structural features that may assist in defining and refining uranium drill targets.

The survey is being conducted over priority areas of the Crackingstone property using closely spaced gravity stations at 50 m × 50 m spacing, comprising approximately 2,500 survey stations. The resulting data will be integrated with Belmont’s existing geological, structural, electromagnetic and radiometric datasets to develop a more comprehensive geological model and assist in prioritizing targets for the Company’s planned drilling program.

Gravity Survey to Enhance Drill Targeting

Gravity surveys are particularly useful in uranium exploration because variations in subsurface rock density can help identify geological contacts, structural breaks, alteration zones, intrusive bodies and other features that may not be readily apparent from surface mapping alone.

At Crackingstone, Belmont intends to integrate the gravity results with several previously identified exploration indicators, including:

• High-priority uranium radiometric anomalies;
• Uranium-to-potassium and uranium-to-thorium radiometric responses;
• Electromagnetic conductors;
• Interpreted faults and structural corridors;
• Geological contacts and pelitic units;
• Historical uranium occurrences and workings; and
• Previously identified priority drill targets.

The objective is to determine whether these independent datasets converge on common geological features that may represent favourable uranium-bearing structures and trap sites for further drilling.

George Sookochoff, Chairman of Belmont Resources, stated:

“The commencement of the gravity survey marks an important step forward in our Crackingstone exploration program. We now have multiple exploration datasets that are being brought together to improve our understanding of the property and, most importantly, to help us focus our drilling on the strongest targets.

The gravity survey will provide another layer of information beneath the surface and will be particularly valuable when integrated with our radiometric, electromagnetic, structural and geological data. Our objective is to use this integrated approach to increase the effectiveness of our planned drill program.”

Figure 1. Crackingstone Uranium Project showing the areas of the 2026 high-resolution ground gravity survey now underway, overlying U/K radiometric response, selected uranium occurrences, interpreted structures and EM conductors.

Building Toward the 2026–2027 Drill Program

Belmont is advancing toward a planned approximately 2,000-metre diamond drilling program at Crackingstone. The Company holds a Crown Land Work Authorization permitting up to 40 drill holes, valid through November 30, 2028. The Company’s exploration team, led by Senior Geological Advisor Ken Wheatley, P.Geol., M.Sc., is evaluating the available geological and geophysical information to assist in finalizing drill targets.

Mr. Wheatley has extensive experience in uranium exploration and is providing technical guidance on target generation, geological interpretation and the planned drilling program.

The gravity survey results will be incorporated into the final target evaluation together with the Company’s existing datasets. Belmont expects the integrated interpretation to assist in ranking targets and determining the optimal locations and orientations of future drill holes.

About the Crackingstone Uranium Project

The Crackingstone Uranium Project is located in the Uranium City district of northern Saskatchewan, one of Canada’s historically important uranium-producing regions.

The property is approximately 6 kilometres from Uranium City and covers a prospective geological setting with documented uranium mineralization and historical exploration. Previous work at Crackingstone has identified uranium occurrences, structural features, pegmatitic units and other geological characteristics considered prospective for uranium mineralization.

Belmont’s current exploration strategy is focused on integrating modern geophysical datasets with historical exploration information and geological interpretation to identify and prioritize new drill targets.

The Company believes that the combination of radiometrics, electromagnetic surveying, gravity, structural interpretation, geology and historical uranium occurrences provides a strong foundation for systematic drill-target generation.

Qualified Person

Ken Wheatley, P.Geol., M.Sc., Senior Geological Advisor to Belmont Resources Inc., is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical information contained in this news release.

About Belmont Resources Inc.

Belmont Resources (TSX-V: BEA; FSE: L3L2) is a Canadian resource company focused on advancing a diversified portfolio of discovery-stage assets including Crackingstone (Uranium–REE, SK), Come By Chance (Copper-Gold Porphyry/CRD, BC), Athelstan-Jackpot (Gold, BC), Kibby (Lithium, Nevada), and Lone Star (Copper-Gold, Washington).

ON BEHALF OF THE BOARD OF DIRECTORS

“George Sookochoff”

George Sookochoff, Chairman

604-505-4061
www.belmontresources.com

Forward-Looking Statements

This news release contains forward-looking statements, including statements regarding the Company’s exploration plans, the gravity survey, interpretation of survey results, the identification and prioritization of drill targets and the Company’s planned drilling program. Forward-looking statements are based on management’s current expectations and assumptions and are subject to a number of risks and uncertainties. Actual results may differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. Belmont undertakes no obligation to update forward-looking statements except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.