2016-10-27 17:47 ET - News Release

Mr. Vojtech Agyagos reports

Belmont Resources Inc.'s certified professional geologist, Bob Cuffney, recently visited Belmont's Kibby basin property to review road access and locate drill sites for the proposed drilling program. While on site, Mr. Cuffney collected 10 surface samples (from a nominal depth of 30 centimetres) of the playa sediments for lithium assaying. The lithium assay results were about what was to be expected for preliminary sampling of source rocks. The abundance of lithium in the continental crust is about 35 parts per million Li, according to recent studies (Teng et. al, 2004, "Lithium isotopic composition and concentration of the upper continental crust: Geochimica et Cosmochimica Acta v. 68, No. 20").

Some of the samples were as much as two times the crustal average with a high of 73.8 ppm Li. There does appear to be a correlation between grain size and lithium values in the samples, with higher values in the pure muds versus silty or sandy sample, as would be expected for lithium bound in hectorite clays. Values are also higher in the central parts of the playa, which are target areas for the upcoming drilling program. Samples also confirmed anomalous concentrations of boron and arsenic, which may indicate the presence of a hydrothermal system operating within the playa.

Samples were collected and transported to the ALS sample preparation lab in Reno, Nev., by Mr Cuffney. Samples were pulverized and screened to under 75 microns and analyzed by Aqua Regia leach mass spectrometry at the ALS laboratory in North Vancouver, B.C., Canada.

NI 43-101 disclosure

Mr. Cuffney, certified professional geologist, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information in this news release.

Zimtu European road trip 2016

Gary Musil, chief financial officer/director of Belmont, will be joining Zimtu Capital Corp. (TSX-V: ZC) along with several other Zimtu-associated companies on its European road trip Oct. 31 to Nov. 4, 2016. Belmont will be networking with industry experts and financial analysts in Geneva, Zurich, Frankfurt and showcasing the company for the final two days at the International Precious Metals & Commodities (Edelmetall & Rohstoffmesse) show in Munich. See the company's website for details.

About Belmont Resources Inc.

Belmont is an emerging resource company engaged in the acquisition, exploration and development of mineral properties in Canada and Nevada, USA.