RED LAKE CAMP – FURTHER ACQUISITIONS

Belmont Resources Inc. (“BEO”) and Montoro Resources Inc. (“MNQ”) have acquired further mineral prospects in the Red Lake Mining Division northwestern Ontario.

The patented claim mineral rights cover an area of 21.5 hectares and are strategically located approximately 3 km south/southwest of and along strike from the Wolfden/Placer Dome GAZ (Green Altered Zone) discovery, a horizon similar to that of the Campbell (Placer Dome) and Red Lake (GoldCorp) gold mines in Red Lake. The Forsythe gold occurrence also lies just south of these mineral claims. The geology underlying the claims is mafic and ultramafic volcanics with interrelated tuffs and sediments. Possible structural features, evident from an area magnetic map, appear to cross the claims.

The results of the 26 hole drill program on the adjacent East Bay Property (50/50 J.V. of Wolfden/Placer Dome) have confirmed a mineralized horizon over a strike length of 500 metres. Drilling has intersected multiple lenses hosting potentially economic gold mineralization over a minimum strike length of 250 metres, which remains open for expansion. A further $3 million exploration program is currently underway on the East Bay Property with six drill rigs expected to complete approximately 19,000 metres of drilling.

Belmont/Montoro are awaiting results of the above J.V. drilling prior to commissioning a report and work program.

Terms of the Belmont/Montoro acquisition agreement are $10,000 cash ($5,000 each) and 200,000 treasury common shares (100,000 shares each), subject to TSX Venture Exchange approval. The property is also subject to a 3% NSR.