The TSX Venture Exchange has accepted for filing documentation relating to the property option agreement dated May 1, 2007, between Crosshair Exploration & Mining Corp., Belmont Resources Inc. and International Montoro Resources Inc. Under the terms of the agreement Crosshair can acquire a 75-per-cent interest in four mineral licences totalling 139 claims located in the central mineral belt of Labrador by incurring $800,000 in exploration expenditures, issuing to the optionors up to 175,000 common shares over a three-year period and making a cash payment of $30,000 at the end of the first year.