VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 24, 2014) - Belmont Resources Inc. ("Belmont", the "Company" or (TSX VENTURE:BEA)(PINKSHEETS:BEAAF)(FRANKFURT:L3L) is pleased to accept Pierre O'Dowd, P. Geo. of St-Jean-sur-Richelieu, Quebec to the management team, and his appointment as Vice-President, Exploration.
Mr. O'Dowd brings more than thirty-five years of mining experience both in exploration and production. He has also been Vice-President and President of other junior mining companies. He is a member of the Order of Professional Geologists of Quebec and is a Qualified Person under National Instrument 43-101.
Mr. O'Dowd has contributed too many discoveries and mine developments in the Abitibi while working with companies such as Soquem, Falconbridge Copper, Noranda, Breakwater Resources, Cambior, Mine D'Or Doyon (Iamgold) as well as numerous junior companies. He has worked in Canada and Latin America and is familiar with deposit types such as VMS, hydrothermal and epithermal gold and silver, porphyry copper and replacement ore bodies, lithium, iron-vanadium and coal.
Mr. O'Dowd will be responsible for the continued development of the Company's Abitibi, Northwestern Quebec area properties, in particular the Berthiaume ("Be") Property. He will oversee continued ground geophysics and coordinate a diamond drilling program to test the high-priority anomalous zones and strong IP anomalies which identified new exploration targets.
Mr. O'Dowd, P. Geo., a Qualified Person as defined by NI 43-101 has reviewed and approved the technical information in this news release.
The Company has granted 200,000 incentive stock options to Mr. O'Dowd at a price of $0.12 for a period of three years. All securities are subject to regulatory approvals and the Company's Stock Option Plan.
The Company has arranged a Quebec office for additional information and contact regarding the Abitibi area properties. The address is Suite 725, 999 De Maissonneuve W., Montreal Quebec H3A 3L4 and telephone #514-845-1101.
About Belmont Resources Inc.
In June 2012, the Company entered into a property option agreement to acquire four groups of mineral (51) claims, representing 2,254.27 hectares in the Berthiaume, Orvilliers and Joutel Townships, all located within the Abitibi Harricana-Turgeon volcanic greenstone of Northwestern, Quebec. This belt hosts several world- class deposits that have produced both gold and base metals.
The Company completed and fulfilled the final terms of the February 2010 option agreement and has now acquired a 100% interest in 3,040 ha. (23 contiguous mineral claims), known as the Lumby/Bufo property located approximately 35 km. northeast of the town of Atikokan. The property adjoins the "Hammond Reef" gold deposit, belonging to Osisko Mining Corp. (former Brett Resources Inc.), along strike to the north-northeast.
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.
Further information can be found on the Company's website at www.BelmontResources.com and on www.Sedar.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Vojtech Agyagos, CEO/President
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 Companies forward-looking statements and expectations. 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.