Mr. Gary Musil reports

BELMONT ARRANGES $240,000 PRIVATE PLACEMENT FINANCING

Belmont Resources Inc. intends to complete a non-brokered private placement of up to four million units at a price of six cents per unit to raise gross proceeds of up to $240,000. Each unit will consist of one common share of the company and one two-year transferable share purchase warrant permitting the holder to acquire one additional share of the company at eight cents.

In addition to relying upon other available prospectus exemptions to effect the financing, a portion of the private placement may be completed in accordance with the exemption set out in B.C. Instrument 45-536 (Exemption from prospectus requirement for certain distributions through an investment dealer). The company also confirms there is no material fact or material change related to the company which has not been general disclosed.

The company may pay commissions of 8-per-cent to eligible parties in connection with this financing, payable either in cash and/or in warrants. The common shares and warrants are subject to a statutory hold period and the financing is subject to TSX Venture Exchange approval.

The company intends to use the proceeds from the financing for exploration on current acquisitions as well as previously held properties 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.

We seek Safe Harbor.