Mr. Gary Musil reports

BELMONT APPLIES TO CLOSE THE 1ST TRANCHE OF $67,500 FINANCING

Further to the Belmont Resources Inc.'s press release dated Jan. 25, 2019, the company has applied to the TSX Venture Exchange to close the first tranche of 1.5 million units at a price of 4.5 cents per unit for gross proceeds of $67,500. Each unit consists of one common share of the company and one transferable share purchase warrant. Each whole warrant will permit the holder to acquire one additional common share of the company at a price of five cents for one year from closing. Three placees participated, including one insider for 100,000 units.

The issuance of the common shares and warrants are subject to TSX Venture Exchange approval and will be have a hold period expiring June 15, 2019. No finders' fees will be paid.

The company intends to use the proceeds from the private placement for additional Kibby basin expenditures, regulatory fees $1,800 and working capital prorated from details in the Jan. 25, 2019, news release.

About Belmont Resources Inc.

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

We seek Safe Harbor.