Blm Completes Its Review of the Kibby
BELMONT RESOURCES INC.
#600 – 625 Howe Street, Vancouver, B.C. V6C 2T6
Ph: (604) 683-6648 Fax: (604) 683-1350 E-Mail: [email protected]
BLM COMPLETES ITS REVIEW OF THE KIBBY BASIN, NEVADA –NOTICE OF
INTENT TO DRILL
Vancouver, B.C. Canada , May 23, 2018 – Belmont Resources Inc. (TSX.V: BEA; FSE:
L3L1; DTC Eligible – CUSIP 080499403); (“Belmont”, or the “Company”).
Belmont Resources Inc. wholly owned subsidiary, Belmont Nevada Inc. is pleased to report that
the United States Department of the Interior Bureau of Land Management (BLM) , Tonopah field
office has completed its review of our Notice of Intent to Conduct Exploration (NOI) for the
Kibby Basin Lithium Project. This confirms the evaluation and acceptance of the Company’s
plans to carry out exploration drilling plus water well installation and testing. Bonding funds
have been arra nged and already delivered to the BLM office in Reno. The Company can now
proceed to file with the Nevada Division of Minerals to undertake the proposed activities.
Belmont CEO/President- James Place, P.Geo. states: “This is an important step in the progress of
our assessment of the potential brines below the Kibby property. The proposal submitted to the
BLM was for work of a significant scope, including water well installation and monitoring, so
the quick approval is a sign that the Federal regulators are satisfied with the details of our plans.”
Belmont plans to not only take core samples of soils and groundwater in the basin but to also
construct a well site where flow rates can be tested for any aquifers that are encountered.
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 optione d 31 mineral claims encompassing approx. 7 sq.km; located 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.
On July 11, 2016; the Company reported it has arranged the staking of 213 x 20 acre additional placer mineral claims totaling
approx. 1724 hectares ( 4,260 acres) , adjoining the Kibby 16, increasing the total Kibby Basin land position (the “Property”)
to 2,760 hectares (6,820 acres).
In 50/5 0 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
“James H. Place”
James H. Place, CEO/President
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.