Belmont Resources Inc. announced the appointment of Mr. Geoffrey D.G. Peretz to the Company's Board of Directors. Mr. Peretz is a senior Investment Industry professional with over thirty-five years of market related experience. Through his Private Equity/Investment Banking firm, Camelot Capital Corporation, he has founded, co-founded or been an angel investor in some of Canadas most successful start-ups. A number of these have gone to market capitalizations of over $1b CDN. He brings to the company extensive experience in Corporate Finance, Corporate Structure, Corporate Governance &Financial Controls. Mr. Peretz founded Canaco Resources in 2003 and the company was named the top performing stock on the Toronto Stock Exchange in 2010. the company has been divided along geographic lines into East Africa Metals which holds assets in Tanzania and Ethiopia, and Orca Gold holding the assets in the Sudan. The Ethopian properties are currently in production. Mr. Vojtech (Billy) Agyagos is stepping down from the Board at this time. Vojtech was the former CEO/President for 21 years until his retirement in 2018 and a director since December 1996. He has contributed significantly to the Company during his tenure and helped advance a number of projects in both Canada and Eastern Europe.