Received by email:

File: BEA.EuroGas.Rozmin May 23.14 Slovak dispute update.doc

Belmont Resources Inc.
#600 - 625 Howe Street	TSX-V: BEA
Vancouver, B.C. V6C 2T6	FRANKFURT:L3L
Ph: (604) 683-6648
Fax: (604) 683-1350
Email: belmontr@telus.net


"NEWS RELEASE"

BELMONT UPDATES ON DISPUTE WITH THE SLOVAK REPUBLIC

Vancouver, B.C. Canada, 	May 23, 2014 - Belmont Resources Inc. ("Belmont", the "Company" or "TSX.V: BEA") Further to o
--->ur news release of November 20, 2013 the Company announces the following update.

In December 2013, Belmont and EuroGas Inc. ("EuroGas") delivered the Slovak Republic a ‘Notice of Dispute' under
---> the US-Slovak Republic and the Canada-Slovak Republic bilateral investment treaties.  This notice was sent in relatio
--->n to the companies' investments in the Slovak incorporated company Rozmin s.r.o. -of which Belmont and EuroGas hold a 
--->90% shareholding - and the Gemerska Poloma talc deposit in the Slovak Republic.  In 1998, exclusive rights for mining 
--->activities at the Gemerska Poloma talc deposit had been awarded to Rozmin.  These rights were, however, revoked in Jan
--->uary 2005.  By decisions dated February 27, 2008 and May 18, 2011, the Supreme Court of the Slovak Republic confirmed 
--->that the revocation of Rozmin's mining rights were in breach of Slovak procedural and substantive laws.  Currently, Be
--->lmont and EuroGas wish to seek compensation under international law against the Slovak Republic.  Under the applicable
---> treaties, the Notice of Dispute sent in December 2013 is to be followed, when appropriate, by a six-month "cooling of
--->f period", to allow a possible amicable settlement.  Negotiations with the Slovak Republic are underway.  Failing an a
--->micable settlement by June 24, 2014, a Request for Arbitration on behalf of Belmont and EuroGas, will be filed with th
--->e International Centre for the Settlement of Investment Disputes under the auspices of the World Bank.

ON BEHALF OF THE BOARD OF DIRECTORS

"Vojtech Agyagos"
Vojtech Agyagos,
President and CEO, Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the T
--->SX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.


File: BEA.EuroGas.Rozmin May 23.14 Slovak dispute update.pdf

Belmont Resources Inc.
#600 ­ 625 Howe Street                                                    TSX-V: BEA
Vancouver, B.C. V6C 2T6                                                   FRANKFURT:L3L
Ph: (604) 683-6648
Fax: (604) 683-1350
Email: belmontr@telus.net



                                     "NEWS RELEASE"

      BELMONT UPDATES ON DISPUTE WITH THE SLOVAK REPUBLIC

Vancouver, B.C. Canada,       May 23, 2014 ­ Belmont Resources Inc. ("Belmont", the
"Company" or "TSX.V: BEA") Further to our news release of November 20, 2013 the Company
announces the following update.

In December 2013, Belmont and EuroGas Inc. ("EuroGas") delivered the Slovak Republic a
`Notice of Dispute' under the US-Slovak Republic and the Canada-Slovak Republic bilateral
investment treaties. This notice was sent in relation to the companies' investments in the Slovak
incorporated company Rozmin s.r.o. ­of which Belmont and EuroGas hold a 90% shareholding ­
and the Gemerska Poloma talc deposit in the Slovak Republic. In 1998, exclusive rights for
mining activities at the Gemerska Poloma talc deposit had been awarded to Rozmin. These rights
were, however, revoked in January 2005. By decisions dated February 27, 2008 and May 18,
2011, the Supreme Court of the Slovak Republic confirmed that the revocation of Rozmin's
mining rights were in breach of Slovak procedural and substantive laws. Currently, Belmont and
EuroGas wish to seek compensation under international law against the Slovak Republic. Under
the applicable treaties, the Notice of Dispute sent in December 2013 is to be followed, when
appropriate, by a six-month "cooling off period", to allow a possible amicable settlement.
Negotiations with the Slovak Republic are underway. Failing an amicable settlement by June 24,
2014, a Request for Arbitration on behalf of Belmont and EuroGas, will be filed with the
International Centre for the Settlement of Investment Disputes under the auspices of the World
Bank.

ON BEHALF OF THE BOARD OF DIRECTORS

"Vojtech Agyagos"
Vojtech Agyagos,
President and CEO, Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.