Mr. George Sookochoff reports

BELMONT RESOURCES AMENDS FINDER'S WARRANT ON FINANCING

Belmont Resources Inc., further to its news releases dated March 31, 2020, April 28, 2020, and May 5, 2020, has agreed to an amendment to the brokers' warrants. All other terms and details of the financing remain the same as the May 5, 2020, news release.

A finder's fee of $1,680 cash and 56,000 warrants is being paid to Haywood Securities Inc. and an additional 80,000 warrants has agreed to be paid/issued to Canaccord Genuity Corp. on the final tranche. Each warrant will permit the holder to acquire one common share of the company at a price of five cents for two years from closing.

All securities issued under this private placement, the shares that may be issuable on the exercise of the warrants and the finders' warrants are subject to a statutory hold period expiring four months and one day from issuance. The closing of the private placement financing, including the issuance of the securities and the finders' fees, is subject to TSX Venture Exchange approval.

About Belmont Resources Inc.

Belmont is a Canadian-based resource company. The company is systematically exploring and acquiring gold properties in Southern British Columbia and northern Washington State.

We seek Safe Harbor.