Belmont Resources Confirms Uranium and Rare Earth Element Potential at the Crackingstone Project Through Modern Re-Assaying Modern reassay of historic drill core validates bedrock-hosted uranium mineralization and reveals a coherent rare earth element system, supporting
Belmont Resources Confirms Uranium and Rare Earth Element
Potential at the Crackingstone Project Through Modern Re-Assaying
Modern reassay of historic drill core validates bedrock-hosted uranium
mineralization and reveals a coherent rare earth element system, supporting
renewed, structurally focused exploration.
Vancouver, British Columbia – February 3, 2026 – Belmont Resources Inc. (TSX-V: BEA; FSE: L3L2)
(“Belmont” or the “Company”) is pleased to report results from the re-assaying of selected intervals
of historic drill core from its 100%-owned Crackingstone Project, located in the Beaverlodge–Uranium
City district of northern Saskatchewan. The re-assaying program has identified multiple intervals
exhibiting elevated uranium and rare earth element (“REE”) concentrations, including several zones
where both uranium and REE enrichment occur together, highlighting the project’s potential as an
integrated uranium–rare earth critical minerals system..
The re-assaying program focused on drill core originally completed in 2008 and was undertaken to
address two key objectives: (i) to re-analyze historic uranium intervals using modern analytical
methods, and (ii) to assay pegmatite-hosted intervals that were not analyzed for rare earth elements
at the time of drilling, when REEs were not a primary exploration focus. The results confirm that
several previously untested intervals contain meaningful REE enrichment, and in some cases
coincident uranium and REE values.
The Crackingstone Project is strategically located within the prolific Beaverlodge–Uranium City
district, host to multiple past-producing uranium mines, and benefits from existing infrastructure,
historical exploration data, and favorable geology for both uranium and critical mineral
mineralization.
Technical Highlights
The following technical highlights summarize key observations from the 2025 re-assaying program
and are provided for context ahead of the detailed assay results.
Highlights include:
• Multiple re-assayed intervals with elevated uranium values
• Identification of REE-enriched pegmatite-hosted intervals not previously assayed
• Several zones exhibiting coincident uranium and rare earth element enrichment
NEWS RELEASE
February 3, 2026
Technical Highlights – Re-Assay Results
Analytical and Methodology Notes
The assay results reported herein are derived from the re-analysis of selected intervals of historical
drill core from the Crackingstone Project. Samples were analyzed by an accredited laboratory using
inductively coupled plasma–mass spectrometry (ICP-MS) following total digestion for uranium and
rare earth elements. Uranium results are reported in parts per million (ppm). Total rare earth
elements (ΣREE) represent the sum of measured rare earth elements from lanthanum (La) to lutetium
(Lu), including yttrium (Y), reported in ppm. The light-to-heavy rare earth element ratio (LREE/HREE),
calculated as La–Eu divided by Gd–Lu plus Y, is provided for geochemical characterization purposes
only. A calculated U×ΣREE value is included as a non-standard metric used solely for qualitative
internal comparison of intervals exhibiting coincident uranium and rare earth element enrichment
and does not represent grade or economic significance. Reported results represent individual sample
intervals and should not be interpreted as representative of average grades or as evidence of
economic mineralization.
Hybrid
_Rank
Hole
number From To Length
Sample
Number Lithology Sample_Class
U ICP MS
Total
Digestion
Sigma_REE
_ppm
LREE_HRE
E_Ratio
U_x_Sigma
REE
1 C12 198.6 199.5 0.95 SRC571721 Pegmatite Hybrid_U_REE 55.3 1168.4 8.82 64612.5
2 C12 15 15.55 0.55 SRC571706 Pegmatite Hybrid_U_REE 78.5 680.63 8.8 53429.5
3 C8 44.1 44.4 0.3 SRC571739 Pegmatite Hybrid_U_REE 25.1 1342.52 9.44 33697.3
4 C12 196.6 197.9 1.3 SRC571718 Pegmatite Hybrid_U_REE 32.2 861 2.38 27724.2
5 C12 26.8 27.55 0.75 SRC571711 Pegmatite Hybrid_U_REE 77.5 347.83 4.04 26956.8
6 C8 39.9 40.35 0.45 SRC571738 Pegmatite Hybrid_U_REE 22.9 997.75 7.29 22848.5
7 C12 10.9 11.5 0.6 SRC571701 Pegmatite Hybrid_U_REE 58.7 369.36 8.43 21681.4
8 C12 26 26.8 0.8 SRC571709 Quartzite Hybrid_U_REE 51.1 370.63 5.21 18939.2
9 C12 187.1 188.15 1.1 SRC571714 Pegmatite Hybrid_U_REE 20.8 703.4 5.61 14630.7
10 C12 206.7 207.2 0.5 SRC571733 Psammope l Hybrid_U_REE 31.5 437.3 1.26 13774.9
C12 13 14 1 SRC571704 Pegmatite U_only 64.7 93.03 1.92 6019
C12 12 13 1 SRC571703 Pegmatite U_only 41.3 66.71 3.68 2755.1
C12 11.5 12 0.5 SRC571702 Pegmatite U_only 35.7 196.3 8.55 7007.9
C9 123 124.1 1.1 SRC571745 Mafic dyke REE_only 0.94 935.26 7.94 879.1
C12 200.5 201 0.5 SRC571724 Psammope l REE_only 3.24 581.62 1.3 1884.4
C9 126 127 1 SRC571748 Pegmatite REE_only 3.24 538.67 9.75 1745.3
C8 74.7 75.35 0.65 SRC571744 Pegmatite REE_only 8.65 524.55 6.55 4537.4
C9 127 128 1 SRC571749 Pegmatite REE_only 5.91 408.2 6.76 2412.5
Why Crackingstone / Why Now
The results of this re-assaying program reinforce the view that Crackingstone represents more than a
traditional uranium target. The identification of REE-enriched pegmatites, together with intervals
showing coincident uranium and REE enrichment, supports a broader exploration model aligned with
evolving global demand for nuclear fuel and critical minerals. Advances in analytical techniques and
the growing strategic importance of rare earth elements have materially changed the exploration
landscape since the original drilling was completed.
Belmont believes these results provide a strong technical foundation to refine exploration targeting
and integrate uranium and REE vectors into ongoing geological and structural interpretations to guide
future exploration planning.
Figure 1: Crackingstone Project – Airborne
radiometric uranium (eU) survey showing historical
uranium occurrences, mined areas, and the location
of the 2008 drilling area within a structurally
controlled uranium-mineralized corridor. The image
is provided for historical and geological context.
Figure 2: Crackingstone Project – Airborne
radiometric thorium (eTh) survey illustrating
elevated thorium responses associated with
major structural corridors and interpreted as
geological context for REE-enriched pegmatite
systems identified through modern re-assaying.
Radiometric data are provided for geological
context only and are not indicative of mineral
grades or economic mineralization.
“This reassay confirms what we believed was present at Crackingstone and, importantly, expands the
opportunity by applying a modern critical-minerals lens to historical drilling,” said George Sookochoff,
Chairman of Belmont Resources Inc. “With uranium mineralization validated and rare earth potential
now clearly demonstrated in previously unassayed intervals, we believe the project is well positioned
for the next phase of disciplined, structurally focused exploration.”
The Company believes the results of the SRC reassay represent an important technical milestone for
the Crackingstone Project, confirming the presence of bedrock-hosted uranium mineralization
together with a coherent rare earth element system. These findings materially strengthen the
geological foundation of the project and support advancing Crackingstone through continued
technical evaluation and planning toward future exploration activities.
Qualified Person
The technical information contained in this news release has been reviewed and approved by
Laurence Sookochoff, P.Eng., a Qualified Person as defined under National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS
“George Sookochoff”
George Sookochoff, Chairman/Director
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.
Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information within the
meaning of applicable securities legislation. Forward-looking statements in this release include, but
are not limited to, statements regarding the exploration potential of the Crackingstone Project, the
significance of re-assay results, the integration of uranium and rare earth element exploration
targets, and the Company’s plans for future exploration and evaluation of the property. Forward-
looking statements are based on management’s current expectations, assumptions, and beliefs as of
the date of this release and involve known and unknown risks, uncertainties, and other factors that
may cause actual results to differ materially from those expressed or implied by such statements.
These risks and uncertainties include, but are not limited to, geological interpretation, the results of
future exploration activities, changes in commodity prices, availability of financing, regulatory
approvals, and general economic, market, or business conditions. Readers are cautioned not to place
undue reliance on forward-looking statements. Belmont Resources Inc. undertakes no obligation to
update or revise any forward-looking statements, except as required by applicable securities laws.
Images and maps included in this news release are provided for illustrative and historical context only
and do not represent current mineral resources or reserves, nor do they imply economic viability.