February 23, 2006

BELMONT RESOURCES INC. ANNOUNCES OVER-SUBSCRIPTION OF PRIVATE PLACEMENT

Further to our News Release of February 9, 2006 and subject to TSX Venture Exchange approval, the Company expects to issue 4,000,000 non flow-through units at a price of $0.10 per unit for gross proceeds of up to $400,000. This is an increase from 1 million units previously announced. The warrant terms remain the same.

ON BEHALF OF THE BOARD

Gary Musil,
Secretary/Director

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.