Come By Chance Property, British Columbia

Belmont Resources’ 100%-owned Come By Chance (“CBC”) Copper-Gold Project is located in the historic Greenwood Mining Camp of southern British Columbia. The project hosts a large, district-scale magnetic-low feature coincident with IP chargeability and resistivity anomalies, a geophysical signature commonly associated with porphyry and carbonate-replacement (CRD) systems.

Initial diamond drilling completed in 2022 confirmed the presence of a large, structurally controlled hydrothermal system, intersecting broad zones of alteration, sulphide development, and anomalous copper-gold mineralization consistent with a porphyry-style environment. These results validated the CBC geophysical model and established the project as a credible porphyry/CRD exploration target within the Boundary District.

2025 & 2022 Drill Holes Over Geophysics

2022 Drill Program – System Confirmation

The 2022 drill program targeted the southwest portion of the CBC corridor and successfully demonstrated:

• Widespread hydrothermal alteration including silica, epidote, chlorite, and carbonate

• Sulphide mineralization dominated by pyrite with associated copper-gold values

• Strong correlation between drilling results and IP chargeability, resistivity, and magnetic features

• Structural control on alteration and mineralization consistent with large intrusive-related systems

Collectively, the 2022 results confirmed that CBC hosts a fertile hydrothermal system with characteristics consistent with porphyry and CRD-style mineralization.

2025 Drill Program – Model Refinement & Structural Understanding

Building on the 2022 results, Belmont completed additional drilling in 2025 to refine the geological model and test key structural and geophysical interpretations across the broader CBC corridor.

While the 2025 program did not intersect economic mineralization, it delivered important new geological information, including:

• Improved definition of fault orientations and deformation zones

• Expanded magnetic susceptibility and oriented-core datasets

• Enhanced understanding of alteration distribution and fluid pathways

• Better calibration of surface geophysical responses

These results strengthen the geological framework established in 2022 and help constrain the geometry and extent of the mineralized system.

Project Significance

The Come By Chance Project represents a large, technically coherent copper-gold exploration system within a historic mining district. The 2022 drill program confirmed the presence of a porphyry/CRD-style hydrothermal system, while the 2025 program advanced the geological understanding required to refine future targeting.

CBC remains a compelling exploration asset with scale, geophysical continuity, and a growing technical dataset that supports continued systematic evaluation.

✔ 2025 Drilling Completed
✔ Geological Model Refined
✔ Structural & Geophysical Understanding Enhanced
✔ Positioned for Next-Stage Targeting

About the Come By Chance Project

The Come By Chance Project is located within the Boundary District of southern British Columbia, an area known for porphyry and intrusion-related copper-gold mineralization. The property hosts a large magnetic-low feature coincident with IP chargeability and resistivity responses commonly associated with porphyry systems.

Belmont continues to systematically advance the project through integrated geological, geophysical, and drilling programs.

Surface gold and copper anomalies are interpreted to reflect structurally controlled ascent of mineralized hydrothermal fluids sourced from a concealed intrusive body. The Crook Lake Caldera is interpreted as a collapsed breccia complex, offering favourable permeability for hydrothermal fluid flow and metal deposition.