Belmont Resources Inc.

Belmont Resources Inc.
International Montoro Resources Inc.

International Montoro Resources Inc.

April 20, 2007 18:21 ET

Belmont Resources Inc. and International Montoro Resources Inc.: Shaver Lake Property Optioned

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 20, 2007) - Belmont Resources Inc. (TSX VENTURE:BEA)(FRANKFURT:L3L) and International Montoro Resources Inc. (TSX VENTURE:IMT)(FRANKFURT:O4T) are pleased to announce that they have entered into an option agreement with International Alliance Resources Inc. ("Alliance") (NEX:ALL.H), whereby Alliance can acquire a 51% interest in the Shaver Lake property (32 units) located in Bateman and Shaver Twp., Red Lake Mining Division, Ontario.

To earn a 51% interest in the Shaver Lake property, Alliance is required to pay $25,000 cash, issue 500,000 common shares and complete $500,000 in exploration expenditures over three years. Exploration expenditures of a minimum $100,000 are to occur on or before May 15, 2008 and 100,000 shares are to be issued within ten days of TSX Venture Exchange acceptance for filing of the Option Agreement. Upon Alliance earning a 51% interest in the Shaver Lake Property, Alliance will be granted a further option to earn an additional 19% interest in consideration of Alliance issuing to BEA/IMT an additional 300,000 common shares or, at Alliance's option, paying BEA/IMT a cash equivalent or combination of cash payment and the issuance of shares or incurring a further $1,500,000 in exploration expenditures by September 30, 2011. Upon Alliance having exercised the first option, a joint venture agreement will be formed between Alliance and Belmont/Montoro with the parties contributing to further exploration and development in their respective interests. Alliance will be the Operator.


The Shaver Lake property was explored by BEA/IMT at costs of $31,000 in 2004 and $135,000 in 2006. In 2004 BEA/IMT completed line cutting and a combined VLF and magnetic ground geophysical survey. In 2006 a 930 metre, 6-hole diamond drilling program was completed on a portion of the property to test a number of interpreted structures. The drilling program intersected zones of sulphide mineralization and quartz veining contained within altered mafic volcanic and intermediate to felsic intrusive rocks. The quartz veining was mineralized with pyrite, pyrrhotite and magnetite. A wide zone of weakly disseminated sulphide and magnetite mineralization was intersected in hole BSL-6 that did not return significant gold values. Hole BSL-1 intersected a narrow section of semi massive sulphides, returning an assay of 0.48% copper with elevated quantities of nickel, platinum and palladium.

The geophysical survey had identified several more significant magnetic high and conductive anomalies in the southern and northern portion of the property. These anomalies represent additional drilling targets.

This news release was reviewed and approved for technical disclosure by Raymond A. Bernatchez, P.Eng., Consulting Geologist of Atikokan, Ontario, an independent qualified person.

The Shaver Lake option is subject to Alliance completing its up to $2,422,000 private placement announced January 26, 2007 comprised of 28,000,000 units to be issued at a price of $0.0865 per unit, and receiving TSX Venture Exchange confirmation that it will be accepted for graduation from NEX to Tier 2 of the TSX Venture Exchange.

The option agreement is subject to acceptance for filing by the TSX Venture Exchange.


Gary Musil, CFO/Director

For further information visit the Companies websites at and The statements used in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties, statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. 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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