SHARE CONSOLIDATION AND NAME CHANGE

Belmont Resources Inc. (the “Belmont”) wishes to announce that at its upcoming Annual General Meeting of shareholders on July 25, 2005 it will be seeking the consent of shareholders to a consolidation of its share capital on a six for one, or alternatively a four for one basis and a change of its name to International Belmont Resources Inc., or such other name as the Board of Directors may approve.

The share consolidation is being proposed in order to allow the Company greater flexibility in future financings. The Company currently has issued and outstanding 25,665,012 shares.

The share consolidation and change of name are subject to shareholders’ approval and being accepted for filing by the TSX Venture Exchange.