Infill Drilling At The Lone Star Copper-Gold Project

VANCOUVER - Belmont Resources Inc. reported on infill drilling results from the Lone Star Copper-Gold Project, Washington State. The results from the first two holes of the forty two-hole ~6,000m diamond drilling campaign have been received and include: LS21-001 - 44.2m @ 1.3% Cu from 65.8m (including 19.8m @ 2.4% Cu) ,  and 22.1m @ 1.15% Cu from 140.4m (including 8.5m @ 2.1% Cu); LS21-002 - 15.54m @ 3.7% Cu, 1.8g/t Au 23g/t Ag from 48.3m (incl. 2.6m @ 18.5% Cu, 10.4g/t Au, 106g/t Ag), and 53.6m @ 0.8% Cu from 120.7m (including 7.6m @ 2.1% Cu 1.4g/t Au).

7 diamond drill holes for 1,349m have been completed at Lone Star with assay results for the first two drill holes received. The first drill hole, LS21-001, was completed to a depth 230.1m (755ft) and was designed to validate historical high- grade intercepts in the core of the mineralized system. Two main zones of chalcopyrite-pyrite mineralization were observed in drill core, a shallow dacite hosted Upper Zone from 65.8-110m, and a Lower Zone of mineralization from 115.8-162.5m hosted on the margin of and within a serpentinite unit. Significant results from Upper Zone mineralization include 44.2m @ 1.3% Cu from 65.8m inc. 19.8m @ 2.4% Cu from 65.8m with significant results from Lower Zone mineralization including 22.1m @ 1.15% Cu from 140.4m inc. 8.5m @ 2.1% Cu from 140.4m. Multiple zones of mineralization were intersected outside these two zones. The second drill hole, LS21-002, was collared 13m east of LS21-001 and was drilled to a depth of 224.3m (736ft). Disseminated polymetallic Upper Zone sulphide mineralization was encountered from 48.3m-62.3m with significant results including 15.54m @ 3.7% Cu, 1.8g/t Au & 23g/t Ag from 48.3m inc. 2.6m @ 18.5% Cu, 10.4g/t Au & 106g/t Ag. Lower Zone mineralization was intersected from 120.7-176.1m with results including 53.6m @ 0.8% Cu from 120.7m inc. 7.6m @ 2.1% Cu & 1.4g/t Au from 167.6m. The next batch of core is being transported to the laboratory for assay while drilling is ongoing as part of the forty- two-hole, ~6,000m of diamond drilling program. Drilling is expected to be completed at the Lone Star Copper-Gold Project in Q1-2022.