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BEA.V ·

Belmont Announces Appointment of New European Director

Management Changes

Belmont Announces Appointment of New European Director

December  1,  2023  ‐Vancouver,  B.C.,  Canada;  Belmont  Resources  Ltd.  (“Belmont”  or  the  “Company”) 

(TSX.V: BEA; FSE: L3L2) is pleased to announce the immediate ap pointment of Mr. Michael Kriebel to its 

board of directors. 

Mr. Michael Kriebel, a highly accomplished Certified Management  Accountant based in Berlin, Germany, 

brings a wealth of experience to Belmont. Commencing his career in tax consulting, he swiftly progressed 

to  serve  as  the  Head  of  Accounting  at  a  groundbreaking  technology  start‐up  in  Germany.  Michael's 

expertise  extended  to  managing  the  accounting  departments  of  th e  English,  Polish,  and  Spanish 

subsidiaries of an esteemed international media corporation. 

Belmont is confident that Mr. Kriebel's extensive financial acumen and international business insights will 

be invaluable assets for the Company. 

The Company also announces the resignation of board member Mr.  James Place. Mr. Place resigned his 

position to allow for the appointment of Mr. Kriebel.  Mr. Place will continue on the Advisory Board. 

George Sookochoff, Belmont President & CEO commented “I welcome  Mr. Kriebel joining our board as I 

believe he will significantly enhance our presence in the European investment and financial communities.“ 

“I also would like the thank James for his long service to the  Company as a director and past president. I 

am glad that he will remain on the advisory board and will cont inue to provide counsel to management 

and the board.” 

About Belmont Resources 

Belmont Resources has assembled a portfolio of highly prospecti ve copper, gold, lithium, uranium and 

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

holdings include: 

 Athelstan‐Jackpot (A‐J): 2 former gold mines. 2,000m drill program recently completed with 

assay results pending. 

 Crackingstone Uranium‐Rare Earths: Some of the highest grade Rare Earth Elements (REE’s) are 

being discovered in Northern Saskatchewan due to the presence of Uranium, Thorium & 

Pegmatites. Crackingstone project meets the criteria for potentially discovering a large REE’s 

deposit with its high grade uranium along with thorium and pegmatite. A review of 3,000m of 

2008 drill data shows a 1.3km pegmatite dyke drilled but only assayed for uranium at that time. 

NEWS RELEASE

December 1, 2023

2

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

2023 plans are to re‐assay pegmatite sections for REE’s ; 

 Come By Chance (CBC): 2021 geophysics delineated potential large copper‐gold porphyry; 

2022 drilling provided further vectors towards potential core of porphyry;  

 The Lone Star Copper‐Gold: optioned to Australian Marquee Resources ASX:MQR. MQR has 

spent in excess of $2.5M in drilling, completed new resource in Dec. 2022, and is currently 

preparing a Preliminary Economic Assessment in order to earn 80% interest. 

 The Kibby Basin Lithium project located 60 kilometers north of the lithium rich Clayton Valley 

Basin: Optioned 80% of the central Kibby Playa claim block to Australian Marquee Resources ‐ 

MQR. MQR has spent in excess of $2.5M in drilling in 2022 for potential deep seated lithium 

brine. 2022 Drilling confirmed high levels of lithium‐bearing sediments along with dissolved 

lithium in the groundwater.  

ON BEHALF OF THE BOARD OF DIRECTORS

“George Sookochoff”

George Sookochoff, CEO/President

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 2023, 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.