BELMONT ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING OF SHARHOLDERS

Vancouver, B.C. Canada, July 15, 2016 - Belmont Resources Inc. (TSX.V: BEA; FSE: L3L1; OTC: BEAAF.PK) ('Belmont', or the 'Company').

The Annual General Meeting of Belmont Resources Inc. was held today - July 15, 2016. At the meeting the shareholders re-elected Vojtech Agyagos, Gary Musil, Roger Agyagos, Jake Bottay, and Dusan Berka for the upcoming year.

The scrutineer reported that there were a total of twenty-seven (29) shareholders 4,649,883 shares represented in person or by proxy at this meeting. This represents 14.16% of the total 32,828,453 shares issued and outstanding.

On a show of hands, the Chairman declared that the shareholders ratified the election of the directors for all nominees listed below, to hold office until the next annual meeting of shareholders, or until their successors are duly elected or appointed.

Shareholders approved, subject to acceptance by the TSX Venture Exchange, the Company's 2016 Incentive Stock Option Plan. Shareholders also approved the re-appointment of Dale Matheson Carr-Hilton Labonte LLP, Chartered Accountants as auditors for the ensuring year, and authorized the Directors to fix their remuneration.

All other resolutions submitted by management to shareholders for consideration were approved as presented.

At the Directors Meeting following, the directors re-appointed Vojtech Agyagos as President/Chief Executive Officer and Gary Musil as Corporate Secretary/Chief Financial Officer for the upcoming year. The audit committee will comprise Gary Musil, Jake Bottay and Dusan Berka.

The Board of Directors would like to thank the Company's shareholders for their continued support throughout the past year; and look forward to an exciting new year as we continue the exploration and development of the new Kibby Basin, Nevada- lithium potential property.

ON BEHALF OF THE BOARD OF DIRECTORS
'Vojtech Agyagos'
Vojtech Agyagos,
CEO/President

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 2016; 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.