CROSSHAIR EXPLORATION & MINING TO ACQUIRE INTEREST IN THE CENTRAL MINERAL BELT, LABRADOR PROPERTIES

Belmont Resources Inc. ((TSX.V-BEA) and International Montoro Resources Inc. (TSX.V-IMT) are pleased to announce that they have entered into a property option agreement (the “Agreement”) with Crosshair Exploration and Mining Corp. (‘Crosshair ‘- TSX.V-CXX, AMEX: CXZ) whereby Crosshair can acquire a 75% interest in four mineral licenses (the “Property”) totalling 139 claims located in the Central Mineral Belt-Uranium District, Labrador.

The Property comprises two separate blocks (Stormy Lake and Patridge River) covering two highly prospective geological terrains. The Stormy Lake claims are contiguous with the southern boundary of Crosshair’s central mineral belt property, while the Patridge River block is located approximately 95 km west of the Stormy Lake claims. Both the Stormy Lake and Patridge River blocks will be worked from the existing Crosshair base camp at Armstrong Lake.

An airborne radiometric and magnetic survey over the property in 2006 identified several high priority radiometric anomalies on both blocks that will be targeted with ground follow-up exploration during the 2007 summer program.

Under the terms of the Agreement Crosshair may earn a 75% interest in the Property by carrying out $800,000 in exploration expenditures and issuing to Belmont/Int.Montoro 175,000 common shares over a three year period. The Agreement is subject to the approval of the TSX Venture Exchange.