January 18, 2005

Belmont Resources Inc. (“BEO”) announces that Rozmin s.r.o. has received a notice of cancellation for their Talc Property concession from the Slovak Regional Mining Office due to delays in start up activities. Rozmin s.r.o. has documentation that the start up was on time and is appealing this decision through the Head Governmental Mining Agency. The Company is hopeful of a favourable outcome of this appeal. Belmont owns 57% of Rozmin s.r.o. which holds the interest in Gemerska Poloma talc deposit concession. The Company will advise shareholders of further developments as they occur.

ON BEHALF OF THE BOARD

Vojtech Agyagos,
President/Director

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