Mr. Gary Musil reports

BELMONT ARRANGES FURTHER $175,000 FINANCING FOR KIBBY BASIN EXPENDITURES, STAKING, AND WORKING CAPITAL

Further to the company's news release earlier today, Belmont Resources Inc. has arranged additional non-brokered private placement subscriptions for 3.5 million units of Belmont at a price of five cents per unit for gross proceeds of $175,000. This financing is in addition to the four million units ($200,000) subscribed by MGX Minerals Inc. for a total 7.5 million units. Each unit will consist of one common share of Belmont and one transferable share purchase warrant. Each whole warrant will permit the holder to acquire one additional share of the company at a price of eight cents in the first year and at 10 cents in the second year after closing. The common shares and warrants are subject to a statutory hold period and are subject to the TSX Venture Exchange approval. No finders' fees or commissions are payable on the additional subscriptions.

The company intends to use the proceeds from the private placement for additional Kibby basin expenditures, including updating its Kibby land position, additional staking as recommended following the completion of the Spartan MT geophysical survey and working capital.

About Belmont Resources Inc.

Belmont is an emerging resource company engaged in the acquisition, exploration and development of mineral properties in Canada and Nevada.

Belmont has recently optioned 31 mineral claims encompassing approximately seven square kilometres, located 24 kilometres northwest of Saint John, N.B.

We seek Safe Harbor.