Mr. Patrick Brandl reports

BELMONT RESOURCES INC. ANNOUNCES CHANGES TO BOARD OF DIRECTORS AND APPOINTMENT OF NEW CHAIRMAN

Belmont Resources Inc. has made changes to its board of directors, including the resignation of George Sookochoff and the appointment of two new directors, Dennis Schwindt and Dr. Michael Seeger.

Mr. Sookochoff has resigned from his positions as a director and chairman of the board of directors of the company, effective immediately. However, Mr. Sookochoff will continue to support the company in an advisory role. Belmont wishes to express its sincere appreciation to Mr. Sookochoff for his contributions and services to the company and wishes him all the best in his future endeavours.

Appointment of Mr. Schwindt as chairman

The company is pleased to announce the appointment of Mr. Schwindt as a director and the new chairman of the board of directors of Belmont Resources.

Mr. Schwindt holds a degree in economics from the Humboldt-University in Berlin, Germany. He gained extensive experience in engineering and in the oil and gas industries from his previous positions at medium-sized German companies and international groups.

Mr. Schwindt joined the publicly listed and Germany headquartered HMS Bergbau AG in 2012, where he was responsible for developing investment projects in the commodities and mining sector. In 2018, he was appointed chief operating officer (COO) and became a member of the management board of HMS Bergbau. Since July, 2020, he has served as chief executive officer (CEO) of HMS Bergbau.

HMS Bergbau is an internationally active, independent commodities marketing company specialized in reliable just-in-time deliveries of raw materials, energy products, ores and other commodities for industrial customers around the world. HMS is characterized by long-standing customer relationships with leading raw material consumers in Europe, Africa, the Middle East and Asia.

HMS Bergbau is the majority shareholder of Belmont Resources.

The appointment of Mr. Schwindt further strengthens the relationship between Belmont and its principal shareholder and is expected to support the company's strategic development and future growth initiatives.

Appointment of Dr. Seeger as independent director

Belmont is also pleased to announce the appointment of Dr. Seeger as a new independent director of Belmont Resources.

Dr. Seeger is a mining engineer, mine developer and mining finance specialist with more than 30 years of international experience. His expertise encompasses mine development, project evaluation, construction, operational planning and the structuring and arrangement of mining project financing, with a particular focus on copper and other critical minerals.

He began his career with Iscor Mining in South Africa, gaining operational experience across gold, coal, iron ore and platinum mining. He subsequently participated in bringing the Hillendale titanium operation into production, founded and managed an open-cast mining contractor serving Anglo American, and co-founded the coal project portfolio that evolved into Australian Securities Exchange-listed Universal Coal PLC. His career has also included leading mine and smelter performance-improvement programs for major international mining and metals companies, including Newmont and AngloGold Ashanti.

Dr. Seeger is the founder and managing director of MX Mining Capital Partners GmbH, where he arranges project financing and strategic investment for copper and other critical minerals projects, including tungsten, fluorspar, graphite, titanium, vanadium and scandium. His financing experience includes arranging financing for Maatla Resources' Mmamabula coal project in Botswana, which is majority owned by HMS Bergbau.

His international experience spans Europe, Africa, Australia and the Americas, covering the full mining project life cycle, from early-stage evaluation and development through construction and commercial production.

Dr. Seeger holds a PhD, an MScEng in mineral economics and a BScEng in mining engineering from the University of the Witwatersrand, South Africa. He is also the author of Mining Capital, published by Springer Nature in 2019, with a second edition in 2026.

The company believes that Dr. Seeger's combination of technical mining expertise, mine development experience and international project financing capabilities will make a valuable contribution to Belmont's board of directors and support the company's strategic growth and development.

Board outlook

The company welcomes Mr. Schwindt and Dr. Seeger to its board of directors and looks forward to benefiting from their extensive international experience and complementary expertise in the mining and natural resources sectors.

About Belmont Resources Inc.

Belmont Resources is a Canadian junior mineral exploration company listed on the TSX Venture Exchange (symbol: BEA) and the Frankfurt Stock Exchange (symbol: L3L2). The company's portfolio includes the Athelstan-Jackpot gold-silver property, the Pride of the West property and the Come By Chance copper-gold project in British Columbia; the Crackingstone uranium/rare earth element project in Saskatchewan; the Lone Star copper-gold project in Washington State (50/50 joint venture with Marquee Resources Ltd.); and the Kibby basin lithium project in Nevada.