News Release dated: February 19, 2002

BELMONT RETAINS MITRADE AS IR FIRM

Belmont Resources Inc. (the "Company") has entered into an Investor Relations agreement dated February 15, 2002, with MITRADE INTERNATIONAL INC. ("MiTrade"). Under the terms of the agreement subject to regulatory approval the Company has engaged MiTrade to provide investor relations services for a six-month term in consideration of a monthly fee of $3,500 plus reimbursement of reasonable out-of-pocket expenses. In addition, stock options are being proposed for granting to MiTrade, according to Canadian Venture Exchange policy.

The services to be provided by MiTrade will include:
Identifying and maintaining a database of existing and potential investors and the brokerage and financial community; ensuring continued contact with those persons; assisting in the planning of corporate presentations; and advising on potential financing.

ON BEHALF OF THE BOARD

Gary Musil,
Secretary/Director