Belmont Resources Inc.

Belmont Resources Inc.
International Montoro Resources Inc.

International Montoro Resources Inc.

October 09, 2008 13:17 ET

Belmont Resources Inc. and International Montoro Resources Inc.: Crackingstone, Uranium City, Saskatchewan Drilling Encounters 4.85m Width With a 0.5m @ 0.371% U3O8 (7.42 lbs./ton) Intersection

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 9, 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 that Phase 1 drilling has returned assays up to 0.371% U3O8 (7.42 lbs./ton) from their 100% owned Crackingstone property in the historic Uranium City/Beaverlodge mining camp which boasts historical production of over 70.5 million pounds of U3O8. The drilling program was planned to test a northeasterly trending electromagnetic conductor coincident with the Boom Lake Fault which hosts the Beck 94 mineralized zone where surface sampling returned 1.24% U3O8 in 2007. Drill Holes C-01 to C-08, C-14 to C-16, C-19 and C-20 were drilled to test the on strike mineralization and the electromagnetic conductor coincident with Beck 94 showing. This drilling tested and confirmed the presence of uranium mineralization for a strike distance of 1800 meters on the Crackingstone property. The drilling to this point strongly indicates increased width and intensity of alteration and uranium mineralization going northward from Beck 94.

Hole C-04-08: A total of 27 samples were taken from this hole. The assays ranged from 0.001 up to 0.051% U3O8 over widths from 0.10m to 1.45m from samples taken between 60.0m and 136.80m. A 5 meter intersection from 100.7 m - 105.7m assayed from 0.002 to 0.051% U3O8 (1.02 lbs./ton).

Hole C-07-08: 13 samples were taken with assays ranging from trace up to 0.014% U3O8 over widths from 0.2m to 2.0m from samples taken between 39.4m and 112.2m.

Hole C-08-08: This hole was thoroughly sampled (47 samples) and assayed with values ranging from trace to 0.371% U3O8 (7.42 lbs./ton). Core sample width ranges from 0.10m to 1.25m from samples taken between 42.9m to 272.5m with the best assays listed below:

Hole C-08-08 Table
From (m) To (m) Length (m) % U3O8 Pounds per ton
105.50m 107.25m 1.75m 0.043% 0.86 lbs./ton (including)
105.50m 106.60m 1.40m 0.041% (including)
105.50m 105.80m 0.30m 0.059% 1.18 lbs./ton
105.80m 106.20m 0.40m 0.034%
106.20m 106.60m 0.40m 0.040%
106.60m 107.00m 0.40m 0.035%
107.00m 107.25m 0.25m 0.027%

109.05m 109.40m 0.35m 0.018%

112.95m 117.80m 4.85m 0.064% 1.4 lbs./ton (including)

112.95m 114.00m 1.05m 0.003%
114.00m 114.65m 0.65m 0.134% 3.6 lbs./ton (including)
114.40m 114.55m 0.15m 0.362% 7.24 lbs./ton
114.55m 114.65m 0.10m 0.15% 3.0 lbs./ton
114.65m 115.80m 1.15m 0.003%
115.80m 116.70m 0.90m 0.241% 4.82 lbs./ton (including)
116.20m 116.70m 0.50m 0.371% 7.42 lbs./ton
116.70m 117.80m 1.10m 0.002%

120.70m 122.00m 1.30m 0.008%
122.00m 122.20m 0.20m 0.069% 1.38 lbs./ton
122.20m 123.00m 0.80m 0.027%
123.00m 123.70m 0.70m 0.089% 1.52 lbs./ton (including)
123.30m 123.60m 0.30m 0.146% 2.92 lbs./ton
123.70m 124.30m 0.60m 0.017%

198.00m 198.20m 0.20m 0.022%
255.10m 255.30m 0.20m 0.040%

The zones of mineralization are hosted within zones of intense fracturing containing significant uranium mineralization between holes C-07-08 and C-19-08 and coincident with the Boom Lake Fault.

All of the drill holes were thoroughly tested with the spectrometer and then sampled to fully test the range of uranium mineralization. The mineralization is contained within broad zones of alteration and fracturing located within the Boom Lake Fault.

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.

All samples were shipped in sealed containers to SRC Geo-analytical Laboratories in Saskatoon, Sask., for analysis. All samples were analyzed using standard ICP partial and total digestion methods. A QA/QC program was implemented as part of the sampling procedure for the drill program. Field duplicates and field blanks were inserted into the sample stream with at least one standard sample and duplicate inserted every 19 and 37 samples respectively for quality checks. The laboratory also has an extensive in-house quality control system.

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 and, 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 and watch the Smartstox interview with President Gary Musil (


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.

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