Mr. James Place reports

BELMONT RECEIVES SURFACE SAMPLE ASSAYS UP TO 29.2 GRAMS PER TONNE AT PATHFINDER PROPERTY, GREENWOOD GOLD CAMP, B.C.

Belmont Resources Inc. has received a positive summary report from consulting geologist Chris Allen, who recently completed his visit to the 295.56-hectare Pathfinder property. The report gives details of surface rock sampling and compilation of previously published and unpublished reports for the recently acquired Pathfinder property (see news releases from March 28 and May 9, 2019).

The work carried out included a detailed literature review as well as five days on the property carrying out mapping of outcrops, old mine workings and other significant features. Fifteen surface rock samples were also collected from outcrops and old mine waste piles. Gold values ranged from 0.006 part per million Au (altered silty volcaniclastics) to 29.2 grams per tonne (g/t) Au (quartz-sulphide vein material), with seven of the samples returning grades of over one g/t Au along with elevated to anomalous silver and base metal values. The mapping and sampling program verified the presence of multiple zones of quartz sulphide vein and massive pyrite-pyrrhotite-chalcopyrite replacement/skarn mineralization that warrant follow-up. Analyses was carried out by ALS Canada of North Vancouver. See the attached table of selected assays from rock samples.

Sample        Ag       As       Bi       Cu       Pb       Sb       Au
             ppm      ppm      ppm      ppm      ppm      ppm      ppm

1001       14.75     14.7     7.63       47     62.7      0.3     1.08
1002        90.4      4.2     72.4     21.6   14,250      0.3     4.51
1004        2.88     90.5      429      935     18.6      2.3     1.27
1006        0.48      9.2     1.39      331      7.4      0.8     0.52
1011        0.61     10.4     1.33      383      4.3      1.2     3.23
1012        16.7      195     7.52    5,180     24.2     14.6     2.44
1013        16.4     19.7     13.4      365        4        5     29.2
1014        6.84     34.2     4.36    4,220     84.5      1.2     0.41
1015         8.2        7     4.45    3,130      7.5      3.5     1.06

The property has had small-scale, high-grade gold mining with silver as an accessory product since the late 1800s. Belmont will compile information from mining reports and studies carried out by other companies as well as the recent assay and survey data in order to plan the next stage of analysis and sampling at Pathfinder, including strategically locating drilling targets.

National Instrument 43-101 disclosure

Robert A. (Bob) Lane, MSc, PGeo, and a qualified person as defined by National Instrument 43-101, visited the property with Chris Allen on July 24, and has reviewed and approved the above technical information in this 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, U.S.

1. On March 28, 2019, Belmont entered into an agreement to acquire 100-per-cent interest in 253.34 hectares of mineral claims (now increased to 295.56 ha) which are part of the former Pathfinder property, located in the historically productive Republic-Greenwood gold district.
2. Belmont owns the Kibby basin lithium project covering 2,056 hectares (5,080 acres) in Esmeralda county, Nevada, United States.
3. In 50/50 ownership with International Montoro Resources Inc., Belmont owns and is exploring joint venture opportunities for its significant uranium properties (Crackingstone about 982 ha) in the Uranium City district in Northern Saskatchewan, Canada.

We seek Safe Harbor.