Belmont Resources Inc.
TSX VENTURE : BEA
FRANKFURT : L3L
PINK SHEETS : BEAAF

Belmont Resources Inc.
International Montoro Resources Inc.
TSX VENTURE : IMT
FRANKFURT : O4T
PINK SHEETS : IMTFF

International Montoro Resources Inc.

September 08, 2008 11:58 ET

Belmont Resources Inc. and International Montoro Resources Inc.: Airborne Survey Completed on Orbit Uranium Claims, Uranium City, Saskatchewan

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 8, 2008) - Belmont Resources Inc. ("BEA") (TSX VENTURE:BEA)(PINK SHEETS:BEAAF)(FRANKFURT:L3L); and International Montoro Resources Inc. ("IMT") (TSX VENTURE:IMT)(PINK SHEETS:IMTFF)(FRANKFURT:O4T); are pleased to announce the results of a second geophysical airborne (Electromagnetic/magnetic) survey covering the Orbit Uranium claims (11,109 ha) adjacent to the Crackingstone Uranium Project located 8 km west of Uranium City, Saskatchewan. This survey has confirmed 19 electromagnetic conductors of which 6 have significant strike length from 1 km to 3.5 km. These conductors are considered prime exploration targets for the discovery of Uranium mineralization. Four of the conductors are coincident with significant radioactive zones detected in the 2007 airborne radiometric/magnetic survey and with historical Uranium showings. Some of these historical showings were sampled during the 2007 exploration and sampling program. The 2008 airborne electromagnetic/magnetic survey consisted of 1319 line km using the Aerotem IV system, which is the newest and highest power airborne survey equipment available. A detailed map illustrating the results of the 2007 airborne radiometric/magnetic and the 2008 electromagnetic survey will be available on the Company's web sites. This survey was instrumental in further defining a more comprehensive 2008 planned fall sampling program focused on the Orbit Bay East EM-Mag-radioactive ("RA") zone, the Orbit Bay North RA zone and the Central Spot Lake EM-RA fault zone. This sampling program will help to delineate drill targets for a planned 2009 drill program this winter.

The sampling program will also consist of a preliminary surface evaluation of numerous exploration targets west of Augier Lake, south and west of Dive Lake, west shores of Orbit Lake, NW of Spot Lake and possibly the Kaput Lake Zone.

Beck 44-Sask.Mineral Index ("SMI" #1451). The shaft at the NE end of Augier Lake, sampled in the 2007 exploration program, identified three parallel and closely spaced radioactive shear/fracture zones. The detection of an airborne EM conductor just north of this showing warrants additional prospecting and sampling in this area. Three grab and chip samples taken in 2007 from the northeast Augier Lake shaft area, assayed 0.23%, 0.75% and 0.40% U3O8. In 1951, Orbit Uranium Development obtained two additional grab samples from the main zone assaying 2.85% and 2.88% U3O8. Two of the zones were traced on strike for 500 feet (152 m) (1951-52). The main showing was drill tested along a strike length of 2400 feet (731 m) with 11 shallow diamond drill holes. A shaft was sunk on the main east zone in 1959 and 15 tons of uranium bearing rock was shipped to a local mill. Orbit Uranium took 9 channel samples along 131 feet (40 m) of the main vein that averaged 0.53% U3O8 across 2.2 feet (0.67 m).

Beck 89-SMI #1454 -Near north shore of Orbit Bay (part of Orbit North RA Zone). Two chip samples taken in 2007 from this showing assayed 0.81% and 0.80% U3O8. Orbit Uranium (1951) reported 21 small selected grab samples containing veined pitchblende assaying from 2.42% to 22.12% U3O8. Two more samples taken by Orbit from pegmatites located 800 feet to the west of this showing, assayed 0.18% and 0.13% U3O8. They concluded that the pegmatitic zone has a potential for the discovery of a large tonnage low grade deposit. The 2007 airborne radiometric survey has identified a significant Uranium anomaly coincident with the pegmatite showing.

Crackingstone Drilling:

The companies are awaiting the results of additional assays for the Phase One drill program of 3,075 meters at the Crackingstone Uranium Project. Results for the initial 8 holes were released on July 22, 2008, and highlighted 0.37% U3O8. It is expected that results from the remaining drill holes (235+ core samples) will be available during September and October 2008.

This news release was reviewed and approved for technical disclosure by Raymond A. Bernatchez, P.Eng., Consulting Geologist, 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. Belmont (50/50) with International Montoro Resources Inc. has acquired two significant uranium properties (Crackingstone -982 ha & Orbit Lake -11,109 ha) in the Uranium City District in Northern Saskatchewan (recently optioned the Orbit claim block to Ultra Uranium Corp.). Belmont has also staked (100% owned) 63,184 ha in the Wollaston/Reindeer Lake-Compulsion Bay area, southeast Athabasca Basin, Saskatchewan. The Company also holds interests (50/50 with Int. Montoro) in two claim blocks in the Central Mineral Belt in Labrador.

Further information can be obtained from the Company website at www.BelmontResources.com and www.sedar.com, or by phoning 604-683-6648.

About International Montoro Resources Inc.

International Montoro Resources is focused on advancing its 100 percent optioned Elliot Lake uranium project in northern Ontario. In addition the Company is continuing development with Belmont (50/50) of its Crackingstone -982 ha & Orbit -11,109 ha properties in the Uranium City District - Northern Saskatchewan. The Company also holds interests in the Cup Lake/Donen uranium project in south-central British Columbia and two claim blocks (50/50 with Belmont) in the Central Mineral Belt in Labrador.

For further information phone 604-683-6648, visit the Company website at www.MontoroResources.com and watch the Smartstox interview with President Gary Musil (www.smartstox.com/interviews/imt.php).

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 Companies 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.
    Dean Stuart
    (403) 517-2270
    Website: www.BelmontResources.com
    or
    International Montoro Resources Inc.
    Gary Musil
    President
    (604) 683-6648
    (604) 683-1350 (FAX)
    Website: www.MontoroResources.com
    or
    CHF Investor Relations
    Michael Borovec
    (416) 868-1079 ext. 229