Belmont Provides Update on Previously Announced Financing s

Belmont Provides Update on Previously Announced Financing s

July 28, 2023 - Vancouver, B.C., Canada; Belmont Resources Ltd. (“Belmont” or the “Company”) (TSX.V: BEA; FSE:

L3L2). Further to our news release of August 23, 2022 whereby the Company announced it is undertaking a non -

brokered private placement of up to $210,000 through the issuanc e of 3 million Units at $0.07. Due to market

conditions at the time, this private placement did not proceed.

Further to our news release of January 24, 2023 whereby the Company a nnounced they are undertaking a private

placement to raise total gross proceeds of up to $875,000, consisting of 7.5 million flow-through units @ $0.07 and

7.0 million non-flow through units @ $0.05. Due to deteriorating market conditions following that announcement

the Company was unable to complete this financing and the financings were cancelled.

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.

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NEWS RELEASE

July 28, 2023