Mr. James Place reports

BELMONT ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING

Belmont Resources Inc. held its annual general meeting of shareholders on July 13, 2018. At the meeting, the shareholders re-elected Vojtech Agyagos, Gary Musil and Roger Agyagos as directors for the upcoming year. The shareholders also elected James Place as a director for the upcoming year. Dusan Berka did not stand for re-election. The scrutineer reported that there were a total of 12 shareholders holding 5,335,218 common shares represented in person or by proxy at the meeting. This represents 7.62 per cent of the total 69,927,620 shares issued and outstanding at record date.

On a show of hands, the chairman declared that the shareholders ratified the election of directors for all nominees listed to hold office until the next annual meeting of shareholders (or until their successors are duly elected or appointed).

The results of the election of directors are provided in the attached table.

Name                  For (%)     Withheld (%)

James Place             100%               0%
Gary Musil              100%               0%
Vojtech Agyagos       99.95%            0.05%
Roger Agyagos           100%               0%

Other resolutions submitted by management to shareholders for consideration were approved as presented, including the approval of the company's stock option plan as summarized in the information circular (99.80 per cent in favour of and 0.20 per cent against). The shareholders also approved the reappointment of Dale Matheson Carr-Hilton Labonte LLP as auditor for the ensuring year and authorized the directors to fix the auditor's remuneration (99.87 per cent in favour of and 0.13 per cent withheld).

At the directors meeting following the AGM, the directors appointed Mr. Place as president, chief executive officer and chairman, and Mr. Musil as corporate secretary and chief financial officer. The audit committee appointees are Mr. Musil, Mr. Agyagos and Mr. Agyagos.

The board of directors would like to thank Dusan Berka for his past three years of support and service as a director. The board of directors would also like to thank the company's shareholders for their continued support throughout the past year.

About Belmont Resources Inc.

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

We seek Safe Harbor.