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Belmont Resources Appoints Patrick Brandl as Interim President and CEO

Management Changes

Belmont Resources Appoints Patrick Brandl as Interim President and CEO

Vancouver, B.C., July 23, 2025 – Belmont Resources Inc. (TSX.V: BEA; FSE: L3L2) (“Belmont” or the

“Company”) announces the appointment of Patrick Brandl as Interim President and Chief Executive

Officer, effective August 1, 2025. Mr. Brandl will succeed George Sookochoff, who has stepped down

from his executive role to pursue other professional opportunities. Mr. Sookochoff will continue to serve

as a member of Belmont’s Board of Directors, ensuring continuity during the leadership transition.

Mr. Brandl has been a Director of Belmont Resources since 2023 and brings over a decade of experience

in corporate governance, project oversight, and strategic development within the resource sector. He

also represents HMS Bergbau AG, a global commodities firm and recent major shareholder of Belmont,

signaling a closer alignment between the Company’s leadership and its long-term financial and strategic

partners.

This appointment supports Belmont’s ongoing commitment to advancing its key exploration projects,

strengthening its capital position, and creating long-term value for shareholders. Mr. Brandl will serve in

the interim capacity while the Board undertakes a formal search for a permanent President and CEO.

About Belmont

Belmont has assembled a portfolio of highly prospective copper, gold, lithium, uranium and rare earths

projects located in British Columbia, Saskatchewan, Washington and Nevada States.

Flagship projects:

NEWS RELEASE

July 23, 2025

Click image to enlarge

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Contact: George Sookochoff, President & CEO

Email: [email protected]

Suite 615 – 800 W. Pender Street,

Vancouver, B.C. V6C 2V6

Ph: 604-505-4061

BEA TSX.V

Come By Chance (CBC) Property: A 2,000 meter drilling program was recently completed. Core logging

is ongoing with drill samples being sent to the analytical laboratory on a regular basis.

Athelstan-Jackpot (A-J) Gold – British Columbia:

• A-J Gold Project, which includes two past producing gold mines—Athelstan and Jackpot—that yielded

7,600 ounces of gold and 9,000 ounces of silver (Minfile 082ESE047). Key highlights of the project

include:

• Extensive Surface Gold Mineralization : A 1,500-meter gold trend with widespread surface gold

mineralization has been identified.

• Exploration Focus : Belmont is investigating the potential for economic gold grad es in mineable

surface and near-surface ore zones along this trend.

Crackingstone Uranium –Located in Saskatchewan's uranium-rich Athabasca Basin.

• Exceptional High-Grade Uranium Potential: The property has dem onstrated historic grab sample

grades of up to 15.6% U₃O₈. Previous mining on the site produced 11 tons at an average grade of 2.3%

U₃O₈.

(A Qualifying 43-101 Report On the Crackingstone River-Ruza Pro perty Beaverlodge District SE of

Uranium City Saskatchewan for Belmont Resources Inc. By R.A. Be rnatchez, P. Eng. Consulting

Geologist, July 11, 2006)

• Extensive Mineralized Corridors : Three major conductive and structural mineralized corridors,

totaling 10 kilometers in length, have been identified and are associated with high-grade uranium

occurrences.

• Comprehensive Drilling Program: Belmont has submitted a permit application for a two-year

drilling initiative, which includes 40 drill holes totaling 10,000 meters. This program reflects the

company’s confidence in the property’s potential to host significant uranium resources.

Situated just six kilometers from Uranium City, the Crackingsto ne property benefits from excellent

infrastructure, including road access, power availability, and logistical support. Be lmont’s exploration

efforts also include evaluating rare earth element (REE) potent ial on the property, further enhancing its

strategic importance.

Our Option Partner:

Lone Star Copper-Gold – Washington State: 50% optioned to Australian Marquee Resources ASX:MQR;

MQR has spent $2.5M in drilling, c ompleted new resource in Dec. 2022 and a PEA in November 2023.

(BEA NR Nov. 29, 2023)

Kibby Basin Lithium – Nevada State: 80% optioned to Australian Marquee Resources ASX: MQR; projec t

located 60 kilometers north of the lithium rich Clayton Valley Basin. MQR has spent $2.5M in drilling in

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Contact: George Sookochoff, President & CEO

Email: [email protected]

Suite 615 – 800 W. Pender Street,

Vancouver, B.C. V6C 2V6

Ph: 604-505-4061

BEA TSX.V

2022 for potential deep seated li thium brine. 2022 Drilling con firmed high levels of lithium-bearing

sediments along with dissolved lithium in the groundwater. (BEA NR Dec 8, 2022).

NI 43-101 Disclosure:

Mr. Laurence Sookochoff, P.Eng., independent consultant for Belmont Resources Inc., is a qualified

person for the purposes of National Instrument 43-101 and has reviewed and approved the technical

content in this news release.

On Behalf of the Board

“George Sookochoff”

George Sookochoff, President/CEO

[email protected]

C: 604-505-4061

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This Press Release may contain forward-looking statements that may involve a number of risks and uncertainties,

based on assumptions and judgments of management regarding future events or results that may prove to be

inaccurate as a result of exploration and other risk factors beyond its control. Actual events or results could differ

materially from the Companies forward-looking statements and expectations. These risks and uncertainties include,

among other things, that we may not be able to obtain regulatory approval; that we may not be able to raise funds

required, that conditions to closing may not be fulfilled and we may not be able to organize and carry out an

exploration program in 2025, and other risks associated with being a mineral exploration and development company.

These forward-looking statements are made as of the date of this news release and, except as required by applicable

laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why

actual results differed from those projected in the forward-looking statements.