Belmont Announces Results of Annual General Meeting
BELMONT RESOURCES INC.
#600 – 625 Howe Street, Vancouver, B.C. V6C 2T6
Ph: (604) 683-6648 Fax: (604) 683-1350 E-Mail: [email protected]
BELMONT ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING
Vancouver, B.C. Canada , July 16, 2018 – Belmont Resources Inc. (TSX.V: BEA; FSE:
L3L1; DTC Eligible – CUSIP 080499403); (“Belmont”, or the “Company”).
The Annual General Meeting (“AGM”) of Belmont Resources Inc. was held on July 13, 2018. At the
meeting the shareholders re -elected Vojtech Agyagos, Gary Musil, Roger Agyagos, and newly elected
James H. Place for the upcoming year. Dusan Berka did not stand for re-election. The scrutineer reported
that there were a total of 12 shareholders holding 5,335,218 common shares represented in person or by
proxy at the meeting. This represents 7.62% of the total 69,927,620 shares issued and outstanding at
record date.
On a show of hands, the Chairman declared that the shareholders ratified the election of directors for all
nominees listed, to hold office until the next annual meeting of shareholders or until their successors are
duly elected or appointed.
The results of the Election of Directors were:
Name Votes “For” Votes “Withheld”
James H. Place 100% 0.00%
Gary Musil 100% 0.00%
Vojtech Agyagos 99.95% 0.05%
Roger Agyagos 100% 0.00%
Other resolutions submitted by management t o shareholders for consideration were approved as
presented, including the approval of the Company’s Stock Option Plan as summari zed in the Information
Circular (99.80% For; 0.20% Against). Approval of the re -appoint of Dale Matheson Carr -Hilton
Labonte LLP, Chartered Professional Accountants, as auditors for the ensuring year, and authorized the
Directors to fix their remuneration (99.87% For; 0.13% Withheld).
At the Directors Meeting following the AGM; the directors appointed James H. Place as President/Chief
Executive Officer & Chairman , and Gary Musil as Corporate Secretary/Chief Financial Officer. The
Audit Committee appointees are: Gary Musil, Roger Agyagos & Vojtech Agyagos.
The Board of Directors would like to thank Dusan Berka for his past t hree (3) years of support and
service as a Director. The Board of Directors would also like to thank the Company’s shareholders
for their continued support throughout the past year.
About Belmont Resources Inc.
Belmont is an emerging resource company engaged in the acquisition, exploration and development of mineral properties in
Canada and Nevada, U.S.A.
For further information see our Website at: www.BelmontResources.com
-Facebook https://www.facebook.com/Nevadalithium/
-Twitter https://twitter.com/Belmont_Res
Belmont has recently optioned 31 mineral claims encompassing approx. 7 sq.km; locat ed 24 km northwest of Saint John, New
Brunswick – the Mid Corner/Johnson Croft – a Zinc, Cobalt prospect.
On March 30, 2016; the Company acquired sixteen placer (16) mining claims, representing 1036 hectares (2,560 acres) in
Esmeralda County, Nevada, U.S.A. The Kibby Basin property is located 65 km north of Clayton Valley, Nevada -U.S.A. The
Company believes the property to be highly prospective to host lithium. Subsequent ground geophysics & gravity surveys,
surface sampling and a two hole- 2046 ft. diamond drill program have confirmed the presence of lithium on Kibby.
In June 2018; the Company has updated its land position staking, and now holds 126 x 20 acre additional placer mineral claims
totaling approx. 1,020 hectares ( 2,520 acres) , adjoining the Kibby 16, for a total Kibby Basin land position (the “Property”)
to 2,056 hectares (5,080 acres).
In 50/50 ownership with International Montoro Resources Inc., Belmont has acquired and is exploring joint venture
opportunities for its two significant uranium properties (Crackingstone -982 ha & Orbit Lake – 11,109 ha) in the Uranium City
District in Northern Saskatchewan, Canada
ON BEHALF OF THE BOARD OF DIRECTORS
“Gary Musil”
Gary Musil
Corporate Secretary/CFO/Director
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 a nd other risk factors beyond its control. Forward looking
statements in this news release include statements about the possible raising of capital and exploration of our properties. 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 fulfill ed and we may not be able to
organize and carry ou t an exploration program in 2016 ; 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.
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.