BELMONT PROCEEDING WITH A FURTHER $750,000 PRIVATE PLACEMENT FOR A TOTAL OF $1,950,000

Further to its March 27, 2007, news in Stockwatch, Belmont Resources Inc. has arranged a further $750,000 by the sale of 2.5 million units at 30 cents per unit for a total of 6.5 million units at 30 cents and a total of $1.95-million. Each unit will consist of one common share and one full warrant entitling the holder to purchase one additional common share of the company at a price of 40 cents per share in the first year and 60 cents per share in the second year. Additionally, please note -- should the company's common shares trade at or above a weighted average trading price of 70 cents per share for 10 consecutive trading days, the company will have the right to issue a written notice that the unexercised warrants will expire 30 days from providing such notice. 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 use the proceeds of the private placement for general working capital, and continued exploration on its Saskatchewan and Labrador uranium properties.

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