An anonymous director reports

COMMODITIES & RESOURCES PTE LTD. ANNOUNCES SALE OF SHARES OF BELMONT RESOURCES INC.

Commodities & Resources Pte. Ltd. (C&R), a private investment company incorporated in Singapore, has noted that on May 12, 2026, C&R sold 18 million common shares of Belmont Resources Inc. (TSX Venture Exchange: BEA) (the issuer) to HMS Bergbau AG (the acquiror) pursuant to a private agreement. The purchase price was 4.5 cents per share, for total purchase proceeds paid by the acquiror to C&R of $810,000.

Immediately prior to the closing of the purchase transaction, C&R held 18 million common shares of the issuer, representing approximately 13.6 per cent of the issuer's issued and outstanding common shares.

As a result of the completion of the purchase transaction, C&R no longer holds any common shares of the issuer.

C&R disposed of the common shares for business and investment purposes. C&R may, depending on market and other conditions, increase or decrease its beneficial ownership of or control or direction over the issuer's securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.

C&R will be filing an early warning report pursuant to National Instrument 62-103F1 -- The Early Warning System and Related Take-Over Bid and Insider Reporting Issues describing the above transaction with the applicable securities regulatory authorities.