FINANCING ARRANGEMENTS

Belmont Resources Inc. (TSX-V: BEO) wishes to announce a non-brokered private placement of up to $300,000. Belmont plans to raise $250,000 by the sale of 2,500,000 flow-through units at $0.10 per unit and an additional $50,000 by the sale of 500,000 non flow-through units at $0.10 per unit. Each unit will consist of one common share and on non-transferable two year share purchase warrant. One warrant will entitle the holder to purchase an additional non flow-through common share of the Company at an exercise price of $0.105 per share in the first year and $0.13 per share in the second year.

The proceeds from the private placement will be used for continued exploration on the Company’s Timmins/Larder Lake gold prospects and initial exploration of its Red Lake gold prospects joint ventured with Montoro Resources Inc.

The Company will pay a finder’s fee or commission on a portion of this financing in accordance with the policies of the TSX Venture Exchange.