Belmont Announces Drilling Underway at Come By Chance

(TheNewswire)

Vancouver, B.C. Canada – TheNewswire - June 25, 2025 - BelmontResources Inc. (“Belmont”), (or the “Company”), (TSX.V: BEA;FSE: L3L2) is pleased to report that drilling is now underway on itsCome By Chance (CBC) Copper-Gold porphyry/CRD target project. The 2025program is expected to consist of 2,000 metres of drilling and isfully funded.

CBC Property: A CompellingPorphyry-CRD System

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Dual-System Evidence

The CBC property demonstrates compelling geologicalcharacteristics supporting both models:

Porphyry Indicators:

• 2022 drilling confirmed porphyry-style alteration,veining and mineralization across a substantial area.

  Extensive propylitic alteration halos encountered inall 2022 drill holes, a classic signature of porphyry systems.

• Significant pyrite mineralization (up to 20%)forming potential halos around a concealed porphyry core.

• Geophysical signatures showing characteristiczonation patterns around a potential mineralized center.

CRD-Skarn Potential:

• Brooklyn Formation limestone units providing idealhost rocks for replacement mineralization.

• Monzonite & syenite intrusions serve aspotential sources of metal-bearing hydrothermal fluids.

• Major structural controls (Eagle Fault and LindCreek Fault) acting as fluid conduits.

• High-grade surface samples (up to 17.05 g/t Au and6.74% Cu) indicating robust mineralization.

• Skarn alteration assemblages identified in 2022drilling.

2022 drill results along with geophysical data clearlyvectors toward the potential heart of this system which is the focusof our 2025 drill program. Our systematic exploration approachcontinues to build evidence for a potentially significant discovery atthe intersection of these complementary mineralization styles.

2025 Drill Program

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CBC 2025 Drill Targets withProspective Drill Holes

Initially, five target areas were chosen to mosteffectively evaluate the “Porphyry/CRD” model, with a total ofnine drill holes planned to test these targets.

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CBC Selected 2025 Phase I DrillHoles

Five of the nine planned drill holes were chosen forthe Phase I program, totaling 2,000 meters of drilling.

Drilling Update

Drill holes CBC25_01 and CBC25_02 have now beencompleted and are currently being logged. The drill rig is nowrelocating to Drill Pad #3, where CBC25_03 and CBC25_04 will bedrilled.

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Planned Drill Holes CBC25_03 & 04 overMagnetics

Annual/Special General MeetingSet

The Company also announces that it has set itsannual/special general meeting to be held in Vancouver, BC onSeptember 3, 2025 (the “Meeting”).   The record date has been setat July 25, 2025.  

The Company has elected to use the “notice andaccess” provisions under National Instrument 54-101 –Communication with Beneficial Owners of Securities of a ReportingIssuer (the “Notice and Access Provisions”) for the Meeting.  TheNotice and Access Provisions are a set of rules developed by theCanadian Securities Administrators intended to reduce the volume ofmaterials which are mailed to shareholders by allowing a reportingissuer to post proxy-related materials in respect of a meeting of itsshareholders online.

The Company anticipates the notice and access willdirectly benefit the Company through substantial reductions in postageand printing costs.  The Company believes that notice-and-access ismore environmentally responsible to the extent that it reduces thelarge volume of paper documents generated by printing proxy-relatedmaterials.

Shareholders with questions about notice and access cancall Olympia Trust Company toll-free at 1-866-668-8379.

The Meeting materials will be posted on the Company’swebsite at https://belmontresources.com/agm-2025/ and on the Systemfor Electronic Document Analysis and Retrieval (“SEDAR+”) underthe Company’s profile at www.sedarplus.ca.  To receive a paper copyof the Information Circular and Financial Statements, requests byshareholders may be made up to one year from the date the InformationCircular is posted on the Company’s website by email to OlympiaTrust Company at cssnoticeandaccess@olympiatrust.com or by callingtoll-free at 1-866-668-8379.

Belmont has assembled a portfolio of highly prospectivecopper, gold, lithium, uranium and rare earths projects located inBritish Columbia, Saskatchewan, Washington and Nevada States.

Flagship projects:

Come By Chance (CBC) Property: ACompelling Porphyry-CRD System

Athelstan-Jackpot (A-J) Gold –British Columbia:

•  A-J GoldProject, which includes two past producing goldmines—Athelstan and Jackpot—that yielded 7,600 ounces of gold and9,000 ounces of silver (Minfile 082ESE047). Key highlights of theproject include:

• ExtensiveSurface Gold Mineralization: A 1,500-meter goldtrend with widespread surface gold mineralization has beenidentified.

      •   Potential Resource Estimate: Previoustrenching and sampling suggest a potential resource of 2,000 to 5,000ounces of gold in surface and near-surface mineralized areas (2002Summary Report by R.E. Miller, P.Geo).

      • Exploration Focus: Belmont is investigatingthe potential for economic gold grades in mineable         surfaceand near-surface ore zones along this trend.

Crackingstone Uranium –Located in Saskatchewan's uranium-rich Athabasca Basin.

• ExceptionalHigh-Grade Uranium Potential: The property hasdemonstrated historic grab sample grades of up to 15.6% U₃O₈.Previous mining on the site produced 11 tons at an average grade of2.3% U₃O₈.

(A Qualifying 43-101 Report On theCrackingstone River-Ruza Property Beaverlodge District SE of UraniumCity Saskatchewan for Belmont Resources Inc. By R.A. Bernatchez, P.Eng. Consulting Geologist, July 11, 2006)

 • ExtensiveMineralized Corridors: Three major conductiveand structural mineralized corridors, totaling 10 kilometers inlength, have been identified and are associated with high-gradeuranium occurrences.

 • Comprehensive Drilling Program: Belmont hassubmitted a permit application for a two-year drilling initiative,which includes 40 drill holes totaling 10,000 meters. This programreflects the company’s confidence in the property’s potential tohost significant uranium resources.

Situated just six kilometers from Uranium City, theCrackingstone property benefits from excellent infrastructure,including road access, power availability, and logistical support.Belmont’s exploration efforts also include evaluating rare earthelement (REE) potential on the property, further enhancing itsstrategic importance.

Our Option Partner:

Lone Star Copper-Gold – WashingtonState: 50% optioned to Australian MarqueeResources ASX:MQR; MQR has spent $2.5M in drilling, completed newresource in Dec. 2022 and a PEA in November 2023. (BEA NR Nov. 29, 2023)

Kibby Basin Lithium – NevadaState: 80% optioned to Australian MarqueeResources ASX: MQR; project located 60 kilometers north of the lithiumrich Clayton Valley Basin. MQR has spent $2.5M in drilling in 2022 forpotential deep seated lithium brine. 2022 Drilling confirmed highlevels of lithium-bearing sediments along with dissolved lithium inthe groundwater. (BEA NR Dec8, 2022).

NI 43-101 Disclosure:

Mr. Laurence Sookochoff, P.Eng., independent consultantfor Belmont Resources Inc., is a qualifiedperson for the purposes of National Instrument 43-101 and has reviewedand approved the technical content in this news release.

 ON BEHALF OF THE BOARD OF DIRECTORS

“GeorgeSookochoff”

George Sookochoff, CEO/President

george@belmontresources.com

C: 604-505-4061

Neither the TSX Venture Exchange nor its RegulationServices Provider (as the term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this news release.  

This Press Release may contain forward-lookingstatements that may involve a number of risks and uncertainties, basedon assumptions and judgments of management regarding future events orresults that may prove to be inaccurate as a result of exploration andother risk factors beyond its control.   Actual events or resultscould differ materially from the Companies forward-looking statementsand expectations.  These risks and uncertainties include, among otherthings, that we may not be able to obtain regulatory approval; that wemay not be able to raise funds required, that conditions to closingmay not be fulfilled and we may not be able to organize and carry outan exploration program in 2025, and other risks associated with beinga mineral exploration and development company. These forward-lookingstatements are made as of the date of this news release and, except asrequired by applicable laws, the Company assumes no obligation toupdate these forward-looking statements, or to update the reasons whyactual results differed from those projected in the forward-lookingstatements.

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