Belmont Resources Inc.
TSX VENTURE : BEA
FRANKFURT : L3L

Belmont Resources Inc.

January 07, 2008 09:00 ET

Belmont Resources Inc.: Crackingstone-Orbit Uranium Project, Uranium City, Sask. Airborne Survey Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 7, 2008) - Belmont Resources Inc. (TSX VENTURE:BEA)(FRANKFURT:L3L) ("BEA") (the "Company") is pleased to announce further developments from its exploration programs at the Crackingstone-Orbit Uranium Projects located near Uranium City, Saskatchewan. The Company and its partners International Montoro Resources (IMT on TSX.V) and Ultra Uranium Corp. (ULU on TSX.V) have concluded that the Project areas have significant potential for discovering new uranium mineralization. The recent airborne radiometric and magnetic survey program carried out by the Company and its joint venture partners covered a total area of 12,091 ha, and consisted of 1,391 line km of 100 meter flight line spacing. The 100 meter line spacing with low altitude and low survey speed of the helicopter-borne system provided exceptional resolution and sensitivity, and has identified numerous NE-SW radiometric anomalies in the northwest and southeast portion of the property. Many of these new radiometric anomaly areas have had no previous exploration work. The joint venture partners are awaiting the assay results from 290 channel and grab samples taken from 25 known uranium showings on the Orbit-Crackingstone property this past summer. The samples were submitted to the Saskatchewan Research Lab in Saskatoon, with results expected soon.

Airborne Survey Highlights

The Orbit Fault Zone is a major NE-SW structural feature crossing through the property with a strike length of over 15 km. The airborne survey has identified a total of four major uranium anomaly trends to the NW of this fault having linear strike distances of 1 to 4.5 km long. The first area is located east of Orbit Bay, and has a strike length of 4 km. A second uranium anomaly trend is located just north of Orbit Bay and also has a strike length of 4 km. A third uranium anomaly trend is located north, west and northwest of Showing #1451 (Beck #44 from L.S. Beck report "Uranium Deposits of the Athabasca Region") at Augier Lake. Other significant uranium anomalies are located to the west and north of this showing. A fourth significant uranium anomaly trend of over 4.5 km in length is located along the west flank of the Orbit Fault near its northeast extension on the property. Some of the strongest uranium anomaly trends are located on the southeast portion of the property around the original Crackingstone claim area, where over 18 significant uranium showings occur.

The Company and its partners have also recently returned from the Saskatchewan Geological Survey Open House, and met with a number of individuals and groups with experience in the exploration and development of uranium deposits in the Athabasca region. Management will continue to discuss the Crackingstone-Orbit Project developments with these parties, and looks forward to the commencement of diamond drilling on selected targets in 2008.

This news release was reviewed and approved for technical disclosure by Raymond Bernatchez, P. Eng. an independent qualified person under NI 43-101.

About Belmont Resources Inc.

Belmont Resources Inc. is focused on acquiring and developing uranium properties in developed and emerging uranium districts, and continued development of mineral projects in Ontario. Belmont owns uranium properties located in the Central Mineral Belt Uranium District in Labrador, the Uranium City District in Northern Saskatchewan and its 100% owned Wollaston/Reindeer Lake-Compulsion Bay area, southeast Athabasca Basin, Saskatchewan. Further information can be obtained from the Company website at www.BelmontResources.com and www.sedar.com, or by phoning 604-683-6648 or 403-617-7609.

ON BEHALF OF THE BOARD OF DIRECTORS

Gary Musil, CFO/Director

The statements used in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's forward-looking statements and expectations.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Belmont Resources Inc.
    Gary Musil
    CFO/Director
    (604) 683-6648 or (403) 617-7609
    (604) 683-1350 (FAX)
    Website: www.BelmontResources.com