Belmont Resources Ltd. announced plans for a 2024 exploration and drilling program on its Crackingstone Uranium project situated in the Beaverlodge uranium district on the north shore of lake Athabasca. 2008 Drilling: In March of 2008 Belmont carried out a 20 hole, 3,000 meter diamond drilling program covering an 1,800 meter strike length from the Boom Lake ­ Crackingstone intersection north along the Boom lake fault All of the drill core was mineralized with uranium along with intercepting extensive hematite alteration. Some highlights are as follows: Hole C14: 2.087% U3O8 over 0.3 m and 0.873% U3O8 over 0.5 m, within 1.182% U3O8 over 0.9 m from 49.1 to 50.0 m. Hole C8: 0.362% U3O8 over 0.15 m from 114.4 to 114.55 metres, within 0.277% U3O8 over 0.25 m from 114.4 to 114.65 m. 0.371% U3O8 over 0.5 m starting from 116.2 to 116.7 m; 0.146% U3O8 over 0.35 metres from 123.35 to 123.7 m. Hole C10: 0.256% U3O8 over 0.4 m from 108.5 to 108.9 m. In addition to the uranium mineralization, drilling intercepted a 1.8 kilometer pegmatite dyke.

Pegmatite is often associated with uranium mineralization in the Athabasca basin. Of equal importance was the extensive amount of hematite alteration intercepted across the entire 1.8 kilometer zone. Hematite alteration is commonly associated with uranium in the Athabasca basin.

Hematite alteration is an indication of uranium precipitation during the hydrothermal event. The results of the 2008 drilling were very positive with the interception of uranium mineralization, pegmatites and hematite alteration along the Boom Lake and Crackingstone structural fault zones confirming the methodology of exploring the intersection point of the structural features and the discovery of new zones of mineralization not previously known. 2024 Exploration: In preparation for a 2024 exploration program Belmont has compiled and modeled over 70 years of exploration survey data from the Crackingstone area.

The newly compiled exploration database, with all available historical data, shows 21 areas with key characteristics for potential uranium mineralization. Of those 21 areas, 8 have been selected as high priority targets based having all or most of the following criteria: on or near a major fault, on or near an EM conductor, on or near a U1VD anomaly and surface uranium occurrence. Phase 1 of the 2024 exploration program which is expected in Second Quarter of 2024, will involve ground verification of the high priority targets and prioritizing selected drill targets for a Fourth Quarter drill program.