Belmont Resources Inc. announced that it has entered into a consulting contract with
Form 51-02F3
Material Change Report
Item 1: Name and Address of Company
Belmont Resources Inc. (“Belmont” or the "Company")
#600-625 Howe Street
Vancouver, BC
V6C 2T6
(604) 683-6648
Item 2: Date of Material Change
April 30, 2018
Item 3: News Release
Issued April 30, 2018 and distributed through the facilities of FSC Wire .
Item 4: Summary of Material Change
Belmont Resources Inc. announced that it has entered into a consulting contract with
Nevada Water Solutions LLC (NWS) of Reno to file for water rights to support future
potential groundwater (brine) development for the extraction of lithium in the Monte Cristo
Valley Groundwater Basin in Esmeralda County, Nevada. The permit application will cover
Belmont’s Kibby Basin property.
Item 5: Full Description of Material Change
Belmont Resources Inc. announced that it has entered into a consulting contract with Nevada
Water Solutions LLC (NWS) of Reno to file for water rights to support future potential
groundwater (brine) development for the extraction of lithium in the Monte Cr isto Valley
Groundwater Basin in Esmeralda County, Nevada. The permit application will cover
Belmont’s Kibby Basin property.
Tom Gallagher, PE, Manager, of NWS will be carrying out the work for Belmont. He is
highly qualified in this field having more th an 31 years of experience with the Nevada
Division of Water Resources, working for 6 different State Engineers; including 2 years as
the Water Rights Section Chief for Jason King who is the current State Engineer.
The contract will expire when the permit is approved for the fully requested amounts of
water. The initial application has been filed to establish a priority date in Belmont’s favor.
These approvals will represent a significant investment and component in the operation and
possible expansion plans of Belmont in Kibby Basin.
As per previous news releases, Belmont is planning on drilling mineral exploration holes in
the basin and, as part of this program may wish to drill and develop up to two new wells for
the project.
Mr. Gallagher will be in direct contact with United States Department of the Interior, Bureau
of Land Management, the Nevada Division of Minerals (NDOM), the Nevada Division of
Water Resources (NDWR), and the Office of the State Engineer as part of his work for
Belmont.
Terms of t he consulting contract require that N WS will follow up as needed to e nsure the
applications are approved.
Item 6: Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
This report is not being filed on a confidential basis.
Item 7: Omitted Information
There are no significant facts required to be disclosed herein which have been omitted.
Item 8: Executive Officer
Contact: Gary Musil, Chief Financial Officer/Director
Telephone: (604) 683-6648
Item 9: Date of Report
April 30, 2018