Mr. James Place reports

BELMONT'S DRILLING CONTRACTOR MOBILIZES TO KIBBY BASIN

Harris Exploration Drilling and Associates owner, Pat Harris, has advised Belmont Resources Inc. that Harris Exploration is ready to begin mobilizing drilling equipment to the Kibby basin, and drilling is expected to commence after the Thanksgiving holiday. Hole KB-4 targets a prominent structure within the large MT (magnetotelluric) anomaly defined from Quantec's MT survey completed in February, 2018. The site is located approximately 2,300 metres northeast of hole KB-3, drilled in August.

Harris will be using an RD-10 rotary drill and estimates that KB-4 will take approximately one week to reach the proposed initial depth of 1,200 feet, after which downhole geophysical surveying will be carried out. After the results of the geophysical survey are analyzed, the most favourable layers for lithium brine will be identified for sampling and testing of formation waters, possibly followed by deeper drilling. Specialized casing and equipment will be used in the drill hole to allow the best and most representative samples to be obtained.

Sediment samples will also be taken by Belmont's on-site geologist during drilling and these samples will be logged and prepared for assay in the same manner as for previous drill holes.

National Instrument 43-101 disclosure

Robert G. Cuffney, certified professional geologist, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information in this news release.

Munich exhibition successful

Gary Musil, chief financial officer/director of Belmont, with Zimtu Capital Corp. and other Zimtu-associated companies, showcased the company for two days at the International Precious Metals & Commodities (Edelmetall & Rohstoffmesse) show in Munich, Germany, on Nov. 9 and Nov. 10, 2018. A number of long-time investors of Belmont, as well as recent investors, dropped by the company's booth for updates and questions on the company's Kibby progress.

About Belmont Resources Inc.

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

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