News Release

Belmont Resources Announces 2024 Exploration Plans For

Crackingstone Uranium Project, North Saskatchewan

Crackingstone Highlights

1959 – 11 tons of material shipped from the property to the
Lorado mill grading 2.3% U3O8

Rix Athabasca Uranium Mines Ltd. reported a grab assay of 12.53% U308 on the property.

Historic grab samples at uranium showings (%U3O8); Beck 93 – 12.53%; Beck 102 – 5.2%; Beck 91 – 2.86%

Belmont 2008 drill program intercepted uranium in all 20 holes. Drilling DH-C14 intercepted 2.09% U3O8 over 0.3 m and 0.87% U3O8 over 0.5 m within 1.18% U3O8 over 0.9 m from 49.1 to 50.0 m.

Belmont Crackingstone Property

Watch New Crackingstone Uranium Video

Crackingstone Video
Belmont Athelstan Jackpot Gold Project

Gold-Silver Project

Southern British Columbia, 100%

Initial 2023 drill results from Athelstan gold mine area drilling indicates peripheral alteration zone to a potential deep-seated copper-gold porphyry

Watch AJ Video

Belmont Resources completes drilling on AJ gold project
Belmont Come By Chance Property

Copper Gold Porphyry Target

Southern British Columbia, 100%

  • Just across the #3 highway from our A-J Gold project, the Come By Chance property beckons with its untapped potential.
  • Results from 2022 drilling and geophysical surveys indicate the promise of a large copper-gold porphyry system.

Watch CBC Video

Belmont has optioned out two of its secondary properties.

Over $6M in total has been spent on the two properties by the optionee

with no dilution to Belmont shareholders and no exposure to risk.

Belmont Lone Star Property

Lone Star Copper-Gold

Washington State – 50%

  • Belmont acquired the property for $100,000 US and 1M BEA shares
  • Then optioned 50% to Marquee ASX.MQR.
    Terms:
    – $504,000 cash payments; $2,550,000 Work Program; 3M MQR Shares
    – Produce a Preliminary Economic Assessment on the project
  • Marquee has now earned 50%

Marquee recently announced PEA
Mineral Resource Estimate (MRE) includes: Indicated 9.76 Mt at 0.60% CuEq and Inferred 3.35 Mt at 0.44% CuEq,
• Life of Mine (LOM): 14 years
• NPV: Negative US$ 123.9m and IRR: Negative 10.2%.

Belmont Kibby Valley Basin Property

Kibby Basin Lithium

Nevada – 20%

  • Optioned 80% to Marquee ASX.MQR.
    Terms:
    $100,000 cash, 3M MQR shares, $2.5M expenditures.
  • Belmont is exclusively premitted for water over entire Kibby basin. (a very precious commodity in the Clayton Valley & Kibby basins)
  • Drilling deep seated potential lithium brine target
  • Mineralised intervals containing up to 924 ppm lithium with greater than 300 ppm lithium over thicknesses in excess of 450m have been identified in core samples of clay-rich playa
    sediments.