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S a sk a t o on, S K – J a n ua ry 16 , 202 5 – TheNewswire - Be l mont Reso u rces Lt d . (“B e l mont” or t h e “ C om pa n y ”) ( T S X . V : B E A ; F S E: L 3 L 2 ) a nd t h e Y a ’t h i Néné L a nds a nd Re s o u rce O ff i ce (“ Y NLR” ) , o w ned b y t h e A t h aba sca D enesu łi né F i rst N a t i ons of Ha tchet L a k e , B l a ck L a ke, a nd F ond du L a c, t h e Nort h ern Ha m l et o f S tony R ap i ds, a nd t h e No rt h ern S ett l e ments of Ur a n i u m C i t y , W o ll a s t on L a ke a nd Ca mse l l P ort ag e, a re p ro u d to a nno u nce t h e s i g n i ng of a n E xp l or a t i on Ag reement (t h e “ Ag reeme n t ” ) a i med a t f oster i ng co l l ab or a t i on a nd p romot i ng res p ons i b l e m i ner a l e xp l or a t i on w i t hi n N u h e n éné, t h e tr a d i t i on a l terr i t o ry of t h e A t h aba sca F i rst N a t i ons l oc a ted i n T re a ty 8 a nd T re a ty 1 0 T err i tor i es.

T hi s Ag reement re fl e cts t h e s h a red commit m ent of B e l mont a nd YNLR t o a pa r tners hi p t h a t res p ects t h e r i g h ts, v a l u es, a nd tr a d i t i ons of t h e A t h aba sca comm u n i t i es whil e s upp ort i ng s u st a i n a bl e econom i c o pp ort u n i t i es. T h e Ag reement p ro vi des a f r a me w ork to ens u re e xp l or a t i on a ct iv i t i es p r i or i t i ze e nv i ronment a l s t e w a rds hi p , c u l t u r a l p reser v a t i on, a nd com m u n i ty en gag ement, w h il e p romot i ng l oc a l em p l o y ment, tr a i n i n g , a nd bu s i ness de v e l o p men t .

“ C o ll ab or a t i ons li ke t hi s one re fl e ct o u r com m i t m ent to p rotect i ng t h e l a n d, f oste r i ng o pp ort u n i t y , a nd stren g t h en i ng o u r comm u n i t i e s , ” s a i d M a ry D enech e z h e, Bo a rd C h a i r of Y a ’t h i Néné L a nds a nd Reso u rce s . “ B y w ork i ng to g ether wi th Be l mont Reso u rces, w e a re ens u r i ng t h a t e xp l or a t i on i n o u r tr a d i t i on a l terr i tor i es b e ne fi ts o u r p eo p l e a nd a li g ns wi th o u r v a l u es . ”

T h e Ag reement en ab l es a c t iv e pa rt i c i pa t i on f rom t h e comm u n i t i es i n t h e A t h a ba sca B a s i n, wi th p ro v i s i o ns f or contr a ct i ng nort h ern bu s i n esses, com p ens a t i ng l oc a l h a r v esters, a nd contr i bu t i ng to YNLR’s comm u n i ty tr u st. I t a l so est ab li s h es mech a n i s m s f or on g o i ng c omm u n i c a t i on a nd en vi r onment a l m o n i tor i n g , f a c i l i t a ted b y Y N LR’s C omm u n i ty L a nd T echn i c i a ns.

Ab o u t C r a ck i n g stone Ur a n i u m P ro j ect

Be l mont i s set to l au nch a dr illi ng i n i t i a t iv e a t i ts C r a ck i n g stone Ur a n i u m p ro p e rt y , l oc a ted a mere s i x k il ometers f rom Ur a n i u m C i ty w h i c h p ro vi des e a sy a ccess to essent i a l i n f r a str u ct u re a nd l o g i st i c a l s upp ort f or d r i ll i n g o p er a t i ons.

In J u ne 20 2 4 t h e com pa ny s ub m i tted a p erm i t f or 4 0 dr il l h o l es, t ot a li ng u p to 10 , 00 0 meters o v er t h e ne x t t w o y e a rs.

W i th t h e cons u l t a t i on w it h t h e YNLR now c om p l ete a nd a n e x p l or a t i on ag reement i n p l a ce, t h e C om pa ny a w a i ts fi n a l p erm i t app ro v a l f rom t h e S a sk a tche w a n M i n i stry of E n vi r onmen t .

“ W e a re h onored t o est ab l i sh t hi s E xp l or a t i on Ag re e ment, a ckn o wl ed g i ng t h e s i g n ifi c a nce of a j o i n t pa rtners hi p t h a t res p ects t h e p r i nc i p l e s a nd ent i t l ements of t h e F i rst N a t i ons a nd t h e comm u n i t i es re p resented b y YNLR. T hi s ag reement l a y s t h e f o u nd a t i on f or me a n i n gfu l en gag ement, en vi r on m ent a l ste w a rds h i p ,  a nd s h a red econom i c b en e fi t s , ens u r i n g t h a t o u r e xp l or a t i on a ct ivi t i es a li g n w i th t h e v a l u es a nd a s p i r a t i ons of t h e A t h a ba sca N a t i ons a nd C omm u n i t i e s , ” s a i d G eor g e S ooko c h o f f , C E O a nd P res i dent of Be l mont Reso u rce s .

Ab o u t YNLR a nd t h e A t h aba sca F i rst N a t i o n s a nd M u n i c i pa l i t i es

YNLR i s a non- p ro fi t or ga n i z a t i on o w ned b y t h e A t h aba sca D enesu łi né F i rst N a t i ons of Ha tc h et L a ke F i rst N a t i on, B l a ck L a ke F i rst N a t i on, a nd F ond du L a c F i rst N a t i on a nd t h e A t h aba sca M u n i c i pa li t i es of S tony R ap i ds, W o ll a ston L a ke, U r a n i u m C i t y , a nd Ca mse l l P ort ag e.

YNLR w a s est ab li s h ed i n J u ne 201 6 wi th t h e m a n d a te to p romote a nd e nh a nce t h e e n vi ron m ent a l , s oc i a l , econom i c , a nd c u l t u r a l w e l l - b e i ng of c u rrent a nd f u t u re A t h aba sca res i dents.

Ab o u t Be l m ont R e s o u r ces

Be l mont Reso u rc e s h a s a ssem b l ed a p ort f o li o of h i g h l y p ros p ecti v e co pp er, g o l d, li t hi u m , u r a n i u m a nd r a re e a rt h s p ro j ects l oc a ted i n Br i t i sh C o l u m b i a , S a sk a tche w a n, Wa s hi n g ton a nd Ne v a da S t a tes. Its h o l d i n g s i n c l u d e:

C r a ck i n g sto n e Ur a n i u m: D r il l P erm i t P end i n g : C r a ck i n g stone u r a n i u m p ro j ect h a s se v er a l u n i q u e a nd p r o m i s i ng c h a r a cter i st i cs t h a t set i t apa rt f rom ot h er u r a n i u m p ro j ects: S tr a te g i c Loc a t i on, H i g h - G r a de P otent i a l , M u l t i p l e M i ner a li zed C orr i dor s , P ro v en M i ner a l i z a t i o n , R a re E a rth El e ment (R E E ) P otent i a l , A cces s i b ili t y a nd In f r a str u ct u re. D r ill i ng p l a nned f or Q 1 -Q2 20 2 5.

C ome B y C h a nce C o pp er - G o l d : – D r il l P erm i tte d ; D r illi ng to d a te enco u n t e r ed o u ter p hyl l i c zone of p o r p hy ry s y ste m . Res u l ts a re v ector i ng to w a rds l a r g e u ntested c h a r g e ab ili ty a nd m ag net i c a nom a l y whi ch p resents o ne of t h e most com p e l li ng t a r g ets f or a v ert i c a ll y e x ten s iv e p or p hy ry cente r . P h a se 2 dr i l l p ro g r a m p l a nned f or Q1 20 2 5 .

A t h e l st a n-J a ck p ot G o l d: D r il l P erm i tte d ; 2 f ormer g o l d m i nes. In i t i a l 202 3 dr il l res u l ts f rom A t h e l st a n g o l d m i ne a rea dr illi ng i nd i c a tes p er i p h er a l a l ter a t i on z o ne to a p otent i a l dee p -se a ted g o l d- c o pp er p or p hy r y .

L o ne S t a r C o pp er- G o l d: 50 % o p t i oned to A u str a li a n M a rq u ee Reso u rces A SX : MQR; MQR h a s s p ent $2 . 5 M i n dr illi n g , com p l e t ed new reso u rce i n D ec. 202 2 a nd a P E A i n No v em b er 20 2 3 .

Ki bb y B a s i n L i t h i u m : 8 0% o p t i oned to Au s t r a li a n M a rq u ee Reso u rces A SX : MQR; p ro j ect l oc a ted 6 0 k il ometers nor t h of t h e li th i u m r i ch C l a y ton Va ll ey B a s i n. MQR h a s s p ent $ 2 . 5 M i n dr illi ng i n 20 2 2 f or p oten t i a l deep se a ted li t hi u m b r i n e. 20 2 2 D r illi ng con fi rmed h i g h l e v e l s of li t h i u m- b e a r i n g sed i ments a l ong w i th d i s s o lv ed li t hi u m i n t h e g ro u nd w a t e r.

F or f u r t h er i n f orm a t i o n , p l e a se c ont a ct:

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