Mr. George Sookochoff reports

BELMONT ANNOUNCES APPOINTMENT OF NEW EUROPEAN DIRECTOR

Belmont Resources Inc. has appointed Michael Kriebel to its board of directors.

Mr. Kriebel, a highly accomplished certified management accountant based in Berlin, Germany, brings a wealth of experience to Belmont. Commencing his career in tax consulting, he swiftly progressed to serve as the head of accounting at a groundbreaking technology start-up in Germany. Mr. Kriebel's expertise extended to managing the accounting departments of the English, Polish and Spanish subsidiaries of an esteemed international media corporation.

Belmont is confident that Mr. Kriebel's extensive financial acumen and international business insights will be invaluable assets for the company.

The company also announces the resignation of board member James Place. Mr. Place resigned his position to allow for the appointment of Mr. Kriebel. Mr. Place will continue on the advisory board.

George Sookochoff, president and chief executive officer of Belmont, commented: "I welcome Mr. Kriebel joining our board as I believe he will significantly enhance our presence in the European investment and financial communities.

"I also would like the thank James for his long service to the company as a director and past president. I am glad that he will remain on the advisory board and will continue to provide counsel to management and the board."

About Belmont Resources Inc.

Belmont Resources has assembled a portfolio of highly prospective copper, gold, lithium, uranium and rare earth projects located in British Columbia, Saskatchewan, Washington and Nevada. Its holdings include:

• Athelstan-Jackpot (A-J): two former gold mines; 2,000-metre drill program recently completed, with assay results pending;
• Crackingstone uranium/rare earths: some of the highest-grade rare earth elements (REEs) are being discovered in Northern Saskatchewan due to the presence of uranium and thorium pegmatites; Crackingstone project meets the criteria for potentially discovering a large REE deposit with its high-grade uranium, along with thorium and pegmatite; a review of 3,000 metres of 2008 drill data shows a 1.3-kilometre pegmatite dike drilled but only assayed for uranium at that time; 2023 plans are to reassay pegmatite sections for REEs;
• Come By Chance (CBC): 2021 geophysics delineated potential large copper-gold porphyry; 2022 drilling provided further vectors toward potential core of porphyry;
• Lone Star copper/gold: optioned to Australian Marquee Resources; Marquee has spent in excess of $2.5-million in drilling, completed new resource in December, 2022, and is currently preparing a preliminary economic assessment in order to earn 80-per-cent interest;
• The Kibby basin lithium project, located 60 kilometres north of the lithium-rich Clayton Valley basin: optioned 80 per cent of the central Kibby Playa claim block to Australian Marquee Resources; Marquee has spent in excess of $2.5-million in drilling in 2022 for potential deep-seated lithium brine; 2022 drilling confirmed high levels of lithium-bearing sediments, along with dissolved lithium in the groundwater.

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