A FURTHER $200,000 PRIVATE PLACEMENT FOR A TOTAL OF $850,000

Further to the November 6th and 8th, 2006 news releases, Belmont Resources Inc. (BEA-TSX.V) is pleased to announce it has arranged further non-brokered Private Placements to raise up to $200,000 by the sale of 1,600,000 non flow-through units at $0.125 per unit for 6,800,000 units and a total of $850,000. Each unit will consist of one common share and one full warrant entitling the holder to purchase one additional non flow-through common share of the Company at a price of $0.175 per share in the first year and $0.25 per share in the second year. Where applicable a finder’s fee in cash or units of the Company may be payable in connection with this financing, in accordance with the policies of the TSX Venture Exchange. The Company intends to utilize the proceeds of the private placement for general working capital, and exploration on its 50% owned North Athabasca Basin, Saskatchewan and Labrador Uranium properties.

All of the above is subject to TSX Venture Exchange acceptance.

STOCK OPTIONS GRANTED

The Company has granted 300,000 incentive stock options to directors, officers and consultants, under its Stock Option Plan for a period of two years at a price of $0.16 per share