BELMONT CLOSES SASKATCHEWAN & LABRADOR PROPERTY ACQUISITIONS AND OPTIONS GRANTED

Further to our news releases dated April 17 & 19 /06 and TSX Venture Exchange approval notices of April 24,2006, Belmont Resources Inc. (the “Company”) has completed the acquisition of the properties in Saskatchewan and Labrador (50/50) with International Montoro Resources Inc, (“IMT”).

The Company has paid the following:

• Saskatchewan-$5,000 cash (1st yr. payment) and issued 50,000 common treasury shares.
• Labrador- $7,500 cash (1st yr. payment) and issued 100,000 common treasury shares.
• All common shares issued will have a four month hold period expiring August 25,2006.

OPTIONS GRANTED

The Company has granted 830,000 incentive stock options to directors, officers and consultants, under it’s Stock Option Plan for a period of two years at a price of $0.20 per share.