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.

July 15, 2008 14:31 ET

Belmont Resources Inc. and International Montoro Resources Inc.: Crackingstone, Uranium City, Saskatchewan Drilling Completed Phase 1-20 Holes, 3075 Meters

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 15, 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 report the completion of the Phase 1 - 20 hole drill program totalling 3,075 meters, on the Crackingstone Uranium property located six kilometers southwest of Uranium City, Northern Saskatchewan. Multiple zones of radioactive mineralization have been encountered in all drill holes. Graphite, biotite and sulphide mineralization have also been noted in the radioactive mineralized zones. The mineralized widths vary from 0.1 meters up to 24 meters. Assay results have been received for holes C-1-08 to C-6-08 (inclusive), and portions of C-8-08 and C-9-08. The remaining core samples are being prepared for shipping to Saskatchewan Research labs for analysis. Currently received assays are being compiled and will be released shortly.

The drilling program was designed to test a northeasterly trending electromagnetic conductor previously identified by a ground survey. This conductor is coincident with the Boom Lake Fault, one of several NE trending regional fault zones located within the Beaverlodge uranium camp. The drill program is located in the northern portion of claim S-108022 within the Crackingstone Uranium property, with hole depths ranging from 90.5 meters to 285.3 meters. The uranium mineralization intersected in the first eight holes has tested a 600 meter strike length of the 1800 meter long conductor starting from the Beck 94 showing and is very similar to that observed during the 2007 surface sampling program. A representative grab sample collected from the Beck 94 showing assayed 1.24% U3O8.

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. (TSX VENTURE:ULU)). 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.

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