Mr. Gary Musil reports

BELMONT ACQUIRES FIELD OFFICE & CORE STORAGE PROPERTY IN MINA, NEVADA & COMMENCES DRILLING ON ITS KIBBY BASIN LITHIUM PROPERTY

Belmont Resources Inc. has provided the following updates.

Mina, Nev., property acquisition and shares for debt

Belmont has entered into a shares for debt agreement with American CuMo Mining Corp. for $25,900. The company has agreed to issue an aggregate of 370,000 common shares at a deemed price of seven cents. The shares for debt are subject to regulatory approval, and once issued, the shares will be subject to a statutory hold period of four months and one day. The company is not indebted to any other creditors who wish to settle shares for debt at this time.

The access to Belmont's Kibby basin lithium property is approximately 16 miles closer from Mina than Tonopah, Nev., along Highway 95 between Reno and Las Vegas. "The residence, field office and core storage was used by CuMo for a number of years and indicates a further commitment by Belmont in advancing its Kibby basin property. Due to the large amount of drilling activity in the nearby Clayton and Big Smokey Valleys, we found it very expensive and difficult to locate secure core storage in Tonopah and the surrounding communities. The residence and office is fully furnished for both accommodation and a location for our consulting geologists from Reno and Eureka to set up an off-site field office complete with mapping tables, filing cabinets et cetera," stated Gary Musil, chief financial officer.

An additional metal storage building on the property provides secure storage for logging core, site for future tabletop testing by Khalili Engineering's lithium extraction process on basin brines and a large property area to rent core storage for other mining companies. It is also in close proximity to a local assay lab that spot checks samples for many other mineral properties in the area.

Kibby basin -- drilling commences

Further to the company's news release of April 18, 2017, Harris Exploration Drilling & Associates mobilized to the property and set up HQ drilling, commencing with hole No. 1, on April 23, 2017. Hole No. 1 was drilled on the eastern basin-bounding fault and drilled to a depth of 548 feet. Harris Drilling has now moved the drill rig and is preparing to set up on top of the playa basin later this week, approximately 5,000 feet southwest of hole No. 1, and anticipates drilling to a depth near 1,000 feet or more.

We seek Safe Harbor.