Belmont Announces Election of Directors and AGM Results

VANCOUVER, BC / ACCESSWIRE / June 27, 2019 / Belmont Resources Inc. (“Belmont”), (or the “Company”), (TSX-V: BEA; FSE: L3L1; DTC Eligible – CUSIP 080499502 -new).

Annual General Meeting Results;

Belmont Resources Inc. (TSX-V: BEA) is pleased to announce that the nominees listed in the management Information Circular for the 2019 Annual General Meeting of Shareholders (the “AGM”) held on June 25, 2019 were elected as directors of the Company. The shareholders re-elected James H. Place, Gary Musil, and Vojtech Agyagos, and newly elected Jared Lazerson for the upcoming year. The scrutineer reported that there were a total of 24 shareholders holding 9,637,221 common shares represented in person or by proxy at the meeting. This represented 10.45% of the total 92,229,906 pre-consolidated shares issued and outstanding at record date. Detailed results of the vote for the election of directors are set out below:

Nominee

Votes For

%For

Votes Withheld

% Withheld

James H. Place

9,462,190

98.18%

175,031

1.82%

Gary Musil

9,462,190

98.18%

175,031

1.82%

Vojtech Agyagos

9,459,690

98.16%

177,531

1.84%

Jared Lazerson

9,459,690

98.16%

177,531

1.84%

Other resolutions submitted by management to shareholders for consideration were approved as presented, including the approval of the Company’s Stock Option Plan as summarized in the Information Circular (98.15% For; 1.85% Against). Approval of the re-appointment of Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants, as auditors for the ensuing year, and authorized the Directors to fix their remuneration (99.48% For; 0.52% Withheld).

At the Directors Meeting following the AGM; the directors appointed James H. Place as President/Chief Executive Officer & Chairman, and Gary Musil as Corporate Secretary/Chief Financial Officer. The Audit Committee appointees are: Gary Musil, Vojtech Agyagos & Jared Lazerson.

The Board of Directors would like to thank the Company’s shareholders for their continued support throughout the past year.

About Belmont Resources Inc.

Belmont is an emerging resource company engaged in the acquisition, exploration and development of mineral properties in Canada and Nevada, U.S.A.

For further information see our Website at: www.BelmontResources.com
Facebook https://www.facebook.com/Nevadalithium/
-Twitter https://twitter.com/Belmont_Res

  1. On March 28, 2019 Belmont entered into an agreement to acquire 100% interest in 253.34 hectares of mineral claims (now increased to 295.56 ha) which are part of the former Pathfinder Property, located in the historically productive Republic-Greenwood Gold District. Copper and gold mining in this camp dates back to the turn of the century. The property is currently surrounded on 3 sides by claims held by KG Exploration (Canada) Inc. (a wholly owned subsidiary of Kinross Gold Corporation).
  2. Belmont owns the Kibby Basin Lithium project covering 2,056 hectares (5,080 acres) in Esmeralda County, Nevada, U.S.A. The Kibby Basin property is located 65 km north of Clayton Valley, Nevada the location of the only US Lithium producer. MGX Minerals Inc. (CSE: XMG) has earned a 25% interest in the Kibby project.
  3. In 50/50 ownership with International Montoro Resources Inc., Belmont owns and is exploring joint venture opportunities for its significant uranium properties (Crackingstone -982 ha) in the Uranium City District in Northern Saskatchewan, Canada

ON BEHALF OF THE BOARD OF DIRECTORS
“Gary Musil”
Gary Musil
Corporate Secretary/CFO/Director

This Press Release may contain forward-looking statements that may involve a number of risks and uncertainties, based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control. Forward looking statements in this news release include statements about the possible raising of capital and exploration of our properties. Actual events or results could differ materially from the Companies forward-looking statements and expectations. These risks and uncertainties include, among other things, that we may not be able to obtain regulatory approval; that we may not be able to raise funds required, that conditions to closing may not be fulfilled and we may not be able to organize and carry out an exploration program in 2019, and other risks associated with being a mineral exploration and development company. These forward-looking statements are made as of the date of this news release and, except as required by applicable laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.

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

SOURCE: Belmont Resources Inc.

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