BELMONT INCREASED FINANCING TO RAISE $352,500

Belmont Resources Inc. (“BEO”) has amended the terms of its non-brokered private placement first announced on December 18, 2003 of 3 million units at $0.10 for proceeds of $300,000.

The private placement is amended such that it is now a private placement of 3,525,000 units at $0.10 for proceeds of $352,500. It comprises 2,345,000 flow-through and 1,180,000 non flow-through units.

The units still comprise one common share and one share purchase warrant exercisable for two years at an exercise price of $0.105 in year one and $0.13 in the second year.

The amended private placement is fully subscribed and the company anticipates that it will promptly file private placement documentation with the TSX Venture Exchange.