Mr. George Sookochoff reports

BELMONT RESPONDS TO LAWSUIT

Belmont Resources Inc. was notified last Monday, April 3, of a lawsuit filed in the Supreme Court of British Columbia by Marquee Resources. The lawsuit relates mainly to Marquee's claim that Belmont has failed and refused to transfer an 80-per-cent interest in the Kibby Center lithium property in Nevada, United States, to Marquee pursuant to an option agreement dated Nov. 1, 2021.

The company believes that the complaint against it is unfounded and without merit. Belmont is not commenting further at this time as these matters are before the courts.

About Belmont Resources Inc.

Belmont Resources has assembled a portfolio of highly prospective copper-gold-lithium and uranium projects located in British Columbia, Saskatchewan, Washington and Nevada.

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