(via TheNewswire)

Vancouver, British Columbia – TheNewswire - December 2, 2025 — Belmont Resources Inc. (TSX-V: BEA; FSE: L3L2) (“Belmont” or the “Company”) is pleased to announce that it has received the drill permit (Crown Land Work Authorization, “CLWA”) from the Saskatchewan Ministry of Environment for its 100%-owned Crackingstone Uranium–REE Project in the Uranium City mining district. This multi-year authorization enables Belmont to advance drilling across multiple high-priority uranium and rare earth targets recently refined through comprehensive geological and geophysical work.The permit authorizes Belmont to carry out all activities outlined in its exploration proposal including:

• Up to 40 drill holes and drill pads  

• Up to 2.5 km of new trail construction  

• Up to 5 km of trail refurbishment  

• Ground geophysical surveys and grassroots exploration  

The authorization is issued under The Provincial Lands Act , Crown Resource Land Regulations , and the Environmental Management and Protection Act (EMPA) . It is valid through November 30, 2028 and covers the Crackingstone Project area centered near UTM 627600 E / 660200 N, Zone 12N .

Belmont Comments on Permit Approval

“Receiving the Crackingstone drill authorization is an important milestone for Belmont,” stated George Sookochoff, Chairman . “This multi-year permit gives us full flexibility to conduct drilling and associated exploration work across multiple high-priority uranium and rare earth targets. With strong historical results and compelling modern geophysical data, Crackingstone is positioned for a very meaningful drill campaign.”

Historical Drilling: All 20 Holes Intersected Uranium

Crackingstone benefits from a strong historical foundation. In 2008, a 20-hole diamond drill program was completed on the property — all 20 holes intersected uranium mineralization , confirming widespread U-bearing structures and alteration zones across multiple target areas.

The 2008 program was considered successful, and follow-up drilling was recommended by the operators at the time . However, due to the global 2008 financial crisis , exploration companies across the sector sharply reduced activity, and the Crackingstone project was placed on hold for economic reasons — not geological ones .

These historical results, combined with modern radiometric and structural datasets, highlight the potential for significant mineralized corridors that warrant renewed drilling.

Project Preparation for 2026 Drilling

Belmont has completed a comprehensive geological and geophysical review and is preparing to finalize drill locations for the 2026 program.

Preparatory work now underway includes finalizing drill contractor selection, optimizing access routes under the newly permitted trail allowances, and integrating geological, radiometric, magnetic, and structural layers into the final 2026 drill layout.

About the Crackingstone Project

Located near Saskatchewan’s uranium-rich Athabasca Basin, and situated just six kilometers from Uranium City, the Crackingstone property benefits from excellent infrastructure proximity, including road access, year-round airport, power availability, and logistical support. Belmont’s exploration efforts also include evaluating rare earth element (REE) potential on the property, further enhancing its strategic importance.

• Exceptional High-Grade Uranium  Potential: The property has demonstrated historic grab sample grades of up to 15.6% U₃O₈. Previous mining on the site produced 11 tons at an average grade of 2.3% U₃O ₈ (A qualifying 43-101 Report on the Crackingstone River-Ruza Property Beaverlodge district SE of Uranium City Saskatchewan, R.A. Bernatchez, P. Eng Consulting Geologist, July 11, 2006).  

• Extensive Mineralized Corridors : Three major conductive and structural mineralized corridors, totaling 10 kilometers in length, have been identified and are associated with high-grade uranium occurrences.  

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Next Steps

With the CLWA permit in place, Belmont will proceed with:

• Final drill site planning and pad layout  

• Field readiness and access preparation  

• Scheduling and mobilization for the 2026 drilling season  

NI 43-101 Disclosure:

The technical and scientific information in this news release has been reviewed and approved by Laurence Sookochoff, P.Eng. Technical Advisor of the Company, who is a Qualified Person as defined by NI 43-101

About Belmont Resources Inc.

Belmont Resources (TSX-V: BEA; FSE: L3L2) is a Canadian resource company focused on advancing a diversified portfolio of discovery-stage assets including Crackingstone (Uranium–REE, SK) , Come By Chance (Copper-Gold Porphyry/CRD, BC) , Athelstan-Jackpot (Gold, BC) , Kibby (Lithium, Nevada) , and Lone Star (Copper-Gold, Washington) .

ON BEHALF OF THE BOARD OF DIRECTORS

“George Sookochoff”

George Sookochoff, Chairman

george@belmontresources.com

www.belmontresources.com

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.

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 risk factors beyond its control.   Actual events or results could differ materially from the Companies forward-looking statements and expectations.  These risks and uncertainties include, 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 exploration program in 2023, 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, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.

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