Vancouver, B.C. Canada, July 30, 2019 – Belmont Resources Inc. (“Belmont”, or the “Company”), (TSX.V: BEA; FSE: L3L1; DTC Eligible – CUSIP 080499502 -new).

Belmont has received a positive Summary Report from consulting geologist Chris Allen, who recently completed his visit to the 295.56 hectare Pathfinder property. The report gives details of surface rock sampling and compilation of previously published and un-published reports for the recently acquired Pathfinder property (See News Releases from March 28 & May 9, 2019)

The work carried out included a detailed literature review as well as five days on the property carrying out mapping of outcrops, old mine workings, and other significant features. Fifteen (15) surface rock samples were also collected from outcrops and old mine waste piles. Gold values ranged from 0.006 ppm Au (altered silty volcaniclastics) to 29.2 grams per tonne (g/t) Au (quartz-sulphide vein material), with seven (7) of the samples returning grades of >1 g/t Au along with elevated to anomalous silver and base metal values. The mapping and sampling program verified the presence of multiple zones of quartz sulphide vein and massive pyrite-pyrrhotite-chalcopyrite replacement/skarn mineralization that warrant follow-up. Analyses was carried out by ALS Canada of North Vancouver. See table below of selected assays from rock samples.

Sample Ag ppm As ppm Bi ppm Cu ppm Pb ppm Sb ppm Au ppm
1001 14.75 14.7 7.63 47.0 62.7 0.3 1.08
1002 90.40 4.2 72.40 21.6 14250.0 0.3 4.51
1004 2.88 90.5 429.00 935.0 18.6 2.3 1.27
1006 0.48 9.2 1.39 331.0 7.4 0.8 0.52
1011 0.61 10.4 1.33 383.0 4.3 1.2 3.23
1012 16.70 195.0 7.52 5180.0 24.2 14.6 2.44
1013 16.40 19.7 13.40 365.0 4.0 5.0 29.20
1014 6.84 34.2 4.36 4220.0 84.5 1.2 0.41
1015 8.20 7.0 4.45 3130.0 7.5 3.5 1.06

The property has had small scale, high grade gold mining with silver as an accessory product since the late 1800’s. Belmont will compile information from mining reports and studies carried out by other companies as well as the recent assay and survey data in order to plan the next stage of analysis and sampling at Pathfinder, including strategically locating drilling targets.

NI 43-101 Disclosure: Robert A. (Bob) Lane, MSc, PGeo, and a Qualified Person as defined by National Instrument 43-101, visited the property with Chris Allen on July 24th, and has reviewed and approved the above technical information in this news release.

 

About Belmont Resources Inc.
Belmont Resources Inc. is a Canadian based resource company traded on the TSX-V under the symbol “BEA”. The Company is systematically exploring its extensive property positions in British Columbia (Gold), Nevada (Lithium) and Saskatchewan (Uranium).

ON BEHALF OF THE BOARD OF DIRECTORS

“Gary Musil”
Gary Musil, Corporate Secretary
CFO/Director
Ph: 604-683-6648
Email: gmusil@belmontresources.com
Website: www.BelmontResources.com

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.

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 2019; 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.