Vojtech Agyagos Retires; Jim Place, P.geo. Appointed as Interim CEO/President
BELMONT RESOURCES INC.
#600 – 625 Howe Street, Vancouver, B.C. V6C 2T6
Ph: (604) 683-6648 Fax: (604) 683-1350 E-Mail: [email protected]
VOJTECH AGYAGOS RETIRES; JIM PLACE, P.GEO. APPOINTED AS INTERIM
CEO/PRESIDENT
Vancouver, B.C. Canada , January 28, 2018 – Belmont Resources Inc. (TSX.V: BEA; FSE: L3L1; DTC
Eligible – CUSIP 080499403); (“Belmont”, or the “Company”).
Belmont announces the retirement effective January 31, 2018; of Vojtech Agyagos as CEO/President of the
Company. Vojtech Agyagos has served on the Board of Directors since December 1996 and assisted in the
exploration and development of projects in the Slovak Republic, Saskatchewan and currently Nevada. Vojtech will
remain on the board of directors and is appointed as Chairman of the Board. He will be available to consult and
offer his services as required.
The Board wishes to thank M r. Agyagos for his contribution and leadership over the twenty -one years of
management and directorship.
James (Jim) H. Place, P. Geo. appointed as interim CEO/President
Jim Place has been serving on the Advisory Board of Belmont since June 2016 assistin g in the review of contracts
and consulting of the Belmont Kibby -Lithium Nevada Project, including an onsite visit while the first phase of
diamond drilling was taking place in May 2017.
Mr. Place is a professional geoscientist (registered in BC) with more than 30 years of experience in the aggregate,
heavy construction, and engineering fields. He has worked on all phases of mineral projects from exploration and
permitting through to test ing, development, marketing, production and reclamation ; primarily in Western North
America.
Mr. Place has held positions with public companies, government, engineering companies, and environmental
consulting companies. Included are the BC Ministry of Tr ansportation; Levelton Consultants Ltd. of Richmond,
B.C.; Uplands Resources Inc. –Vice President Exploration and Quality Control; and ECL Environment Solutions as
Senior Geologi st. His experience has centered around rock quarry and gravel pit evaluations, permitting, product
specification, and development planning. He has provided professional analysis and recommendations for project
development and construction engineering related to civil works and major infrastructure projects throughout north -
western and coastal British Columbia.
Mr. Place received a Bachelor of Science degree in Physical Geography from the University of Victoria (B.C.) in
1983. Mr. Place has been a registered professional geoscientist with the Association of Professional Engineers an d
Geoscientists of British Columbia since 1992.
The Company welcomes his knowledge and experience to enhance our management team; as we continue to move
forward on our Kibby Basin, Nevada lithium project.
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; located 24 km northwest of Saint John, New Brunswick – the
Mid Corner/Johnson Croft – a Zinc, Cobalt prospect.
On March 30, 2016; the Company acquire d 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 50/50 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 2017; 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 Vent ure Exchange) accepts responsibility
for the adequacy or accuracy of this news release.