Vancouver, B.C. Canada, August 28, 2017 – Belmont Resources Inc. (TSX.V: BEA; FSE: L3L1;   DTC Eligible – CUSIP 080499403  ); (“Belmont”, or the “Company).
 
Financing:
 

Further to our news release of August 15, 2017 and the TSX Venture Exchange bulletin dated August 18, 2017; the Company has completed the Loan/Bonus Shares transaction.
 
The $35,000 Loan Agreement has been accepted for filing and the Company has issued 140,000 bonus common shares, at a deemed price of $0.05 per share.  The shares are restricted from trading until December 22, 2017.
 
The proceeds of the loan are to be used to renew its Bureau of Land Management (“BLM”) claims in the Kibby Basin, Nevada; for a further 12 months. The Company will continue to explore all avenues of funding to proceed with the electromagnetic resistivity (‘EM’) and possibly seismic survey of the property, which should generate higher aquifer probability targets for further drilling, and moving these assets forward.
 
About Belmont Resources Inc.
Belmont is an emerging resource company engaged in the acquisition, exploration and development of mineral properties in Canada and Nevada, U.S.A.
 
For further information see our Website at:  www.BelmontResources.com
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               -Twitter https://twitter.com/Belmont_Res
 
On March 30, 2016; the Company acquired sixteen placer (16) mining claims, representing 1036 hectares (2,560 acres) in Esmeralda County, Nevada, U.S.A.  The Kibby Basin property is located 65 km north of Clayton Valley, Nevada-U.S.A.  The Company believes the property to be highly prospective to host lithium. 
 
On July 11, 2016; the Company reported it has arranged the staking of 213 x 20 acre additional placer mineral claims totaling approx. 1724 hectares ( 4,260 acres) , adjoining the Kibby 16, increasing the total Kibby Basin land position (the “Property”) to 2,760 hectares (6,820 acres).
 
In 50/50 ownership  with International Montoro Resources Inc., Belmont  has acquired and is exploring joint venture opportunities for its  two significant uranium properties (Crackingstone -982 ha & Orbit Lake – 11,109 ha) in the Uranium City District in Northern Saskatchewan, Canada