Received by email:

File: BEA  May 10.16 Extension to Priv.Placement Final Documentation.docx

 

"NEWS RELEASE"

BELMONT RECEIVES EXTENSION TO CLOSING OF PRIVATE PLACEMENT

Vancouver, B.C. Canada, May 10, 2016 - Belmont Resources Inc. (TSX.V: BEA; FSE: L3L1; OTC: BEAAF.PK) ("Belmont", or th
--->e "Company). Further to our news release of March 30, 2016 and the TSX Venture Exchange bulletin of April 28, 2016 the
---> Company has received an extension to the deadline to file final documentation in connection with the final tranche of
---> the private placement to May 31, 2016.

The Company announced that it has arranged a non-brokered private placement of up to 7 million units (the 'Units") at 
--->a price of $0.05 per Unit to raise gross proceeds of up to $350,000.  Each Unit will consist of one common share of th
--->e Company and one transferable share purchase warrant (a "Warrant"). Each whole warrant will permit the holder to acqu
--->ire one additional share of the Company at a price of $0.10 in the first year and at $0.15 in the second year after cl
--->osing. 

On April 28, 2016 the Company issued 3.9 million Units at a price of $0.05 per Unit for gross proceeds of $195,000 in 
--->the first tranche.   The Company paid finder's fee in cash of $9,500 and 150,000 warrants that are exercisable into co
--->mmon shares under the same terms as described above.  The Common Shares and Warrants are subject to a statutory hold p
--->eriod until August 29, 2016.

The Company is continuing to receive subscriptions for the 2nd tranche of the private placement.

ON BEHALF OF THE BOARD OF DIRECTORS
"Gary Musil"
Gary Musil,
CFO/Director


This Press Release may contain forward-looking statements that may involve a number of risks and uncertainties, based 
--->on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a res
--->ult of exploration and other risk factors beyond its control.  Forward looking statements in this news release include
---> statements about the possible raising of capital and exploration of our properties.   Actual events or results could 
--->differ materially from the Companies forward-looking statements and expectations.  These risks and uncertainties inclu
--->de, among other things, that we may not be able to obtain regulatory approval; that we may not be able to raise funds 
--->required, that conditions to closing may not be fulfilled and we may not be able to organize and carry out an explorat
--->ion program in 2016; and other risks associated with being a mineral exploration and development company. These forwar
--->d-looking statements are made as of the date of this news release and, except as required by applicable laws, the Comp
--->any assumes no obligation to update these forward-looking statements, or to update the reasons why actual results diff
--->ered from those projected in the forward-looking statements. 

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.  


File: BEA  May 10.16 Extension to Priv.Placement Final Documentation.pdf

      BELMONT RESOURCES INC.
      #600   625 Howe Street, Vancouver, B.C. V6C 2T6
      Ph: (604) 683-6648 Fax: (604) 683-1350 E-Mail: belmontr@telus.net




                                                                  "NEWS RELEASE"

                  BELMONT RECEIVES EXTENSION TO CLOSING OF PRIVATE PLACEMENT

Vancouver, B.C. Canada, May 10, 2016   Belmont Resources Inc. (TSX.V: BEA; FSE: L3L1; OTC:
BEAAF.PK) ("Belmont", or the "Company). Further to our news release of March 30, 2016 and the TSX Venture
Exchange bulletin of April 28, 2016 the Company has received an extension to the deadline to file final
documentation in connection with the final tranche of the private placement to May 31, 2016.

The Company announced that it has arranged a non-brokered private placement of up to 7 million units (the `Units")
at a price of $0.05 per Unit to raise gross proceeds of up to $350,000. Each Unit will consist of one common share
of the Company and one transferable share purchase warrant (a "Warrant"). Each whole warrant will permit the
holder to acquire one additional share of the Company at a price of $0.10 in the first year and at $0.15 in the second
year after closing.

On April 28, 2016 the Company issued 3.9 million Units at a price of $0.05 per Unit for gross proceeds of $195,000
in the first tranche. The Company paid finder's fee in cash of $9,500 and 150,000 warrants that are exercisable into
common shares under the same terms as described above. The Common Shares and Warrants are subject to a
statutory hold period until August 29, 2016.

The Company is continuing to receive subscriptions for the 2 nd tranche of the private placement.

ON BEHALF OF THE BOARD OF DIRECTORS

"Gary Musil"
Gary Musil,
CFO/Director

This Press Release may contain forward-looking statements that may involve a number of risks and uncertainties, based 
--->on assumptions and judgments of
management regarding future events or results that may prove to be inaccurate as a result of exploration and other ris
--->k factors beyond its control. Forward looking
statements in this news release include statements about the possible raising of capital and exploration of our proper
--->ties. Actual events or results could differ
materially from the Companies forward-looking statements and expectations. These risks and uncertainties include, amon
--->g other things, that we may not be able
to obtain regulatory approval; that we may not be able to raise funds required, that conditions to closing may not be 
--->fulfilled and we may not be able to
organize and carry out an exploration program in 2016; and other risks associated with being a mineral exploration and
---> development company. These
forward-looking statements are made as of the date of this news release and, except as required by applicable laws, th
--->e Company assumes no obligation to update
these forward-looking statements, or to update the reasons why actual results differed from those projected in the for
--->ward-looking statements.

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.