May 23, 2003

BELMONT RESOURCES INC. FEATURED ON MACREPORT.NET

Belmont Resources Inc. (“BEO”) announced today that CFO Gary Musil and Belmont are featured on the MacReport.Net, a leading provider of online business and financial information.
Through our presence on the MacReport.Net, Belmont continues its effort to increase the company’s exposure and distribute information to the investment community. This is a great platform for our company to reach Belmont’s shareholders as well as potential investors while delivering our story in a way that is both intimate and efficient.

About The MacReport.Net, Inc.

The MacReport.Net is an information and media company that provides a Web-based forum for public and private issuers to communicate corporate audio and video news content to the business, financial and investing community through its Web site, located at http://www.macreport.net. The MacReport.Net also plans to provide creative and production services to develop visual events ranging from live coverage of merger announcements to public relations campaigns, to new product introductions.

This news release may include comments that do not refer strictly to historical results or actions and may be deemed to be forward-looking within the meaning of the safe harbor provisions of the U.S. federal securities laws. These include, among others things, statements about expectations of future business, revenues, cash flows and capital requirements. Forward-looking statements are subject to risks and uncertainties that may cause the company's results to differ materially from expectations.

ON BEHALF OF THE BOARD

Gary Musil,
Secretary/Director

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.