VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 17, 2014) - Belmont Resources Inc. ("Belmont", the "Company") (TSX VENTURE:BEA)(PINKSHEETS:BEAAF)(FRANKFURT:L3L). The Board of Directors have appointed Sylvain Laberge of Chambly, Quebec to the position of Chief Executive Officer.
Vojtech Agyagos will continue as President and Chairman of the Board of Directors and Gary Musil, Chief Financial Officer/Director.
Sylvain Laberge, currently President & CEO of Gespeg Copper Resources (TSX VENTURE:GCR). Mr. Laberge joined Gespeg in 2012 and became President & CEO in 2013. He brings over 10 years of public company experience through various channels. From 2000-2007 he worked with Renmark Financial Communication, an enterprise specializing in Investor Relations, where he became Vice President developing an interest for emerging companies and especially those in mining exploration. In 2007 he founded S.D.N.L. Financial Communication providing investor relations and assisted in raising financings for mining exploration companies.
Through his numerous contacts, and a wealth of knowledge and expertise about the industry, Mr. Laberge will assist Belmont in raising both working capital and exploration financing in order to continue the work on its Abitibi, Quebec properties. Mr. Laberge will be a welcomed addition to the management of Belmont.
About Belmont Resources Inc.
In June 2012, the Company entered into a property option agreement to acquire four groups of mineral (51) claims, representing 2,254.27 hectares in the Berthiaume, Orvilliers and Joutel Townships, all located within the Abitibi Harricana-Turgeon volcanic greenstone of Northwestern, Quebec. This belt hosts several world-class deposits that have produced both gold and base metals.
The Company completed and fulfilled the final terms of the February 2010 option agreement and have now acquired a 100% interest in 3,040 ha. (23 contiguous mineral claims), known as the Lumby/Bufo property located approximately 35 km. northeast of the town of Atikokan. The property adjoins the "Hammond Reef" gold deposit, belonging to Osisko Mining Corp. (former Brett Resources Inc.), along strike to the north-northeast.
In 50/50 ownership with International Montoro Resources Inc., Belmont has acquired and is exploring joint venture opportunities for its two significant uranium properties (Crackingstone - 982 ha & Orbit Lake - 11,109 ha) in the Uranium City District in Northern Saskatchewan.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Musil, Corp. Secretary/CFO/Director
This Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Companies forward-looking statements and expectations. 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.