Vancouver, B.C. Canada – TheNewswire - October 21, 2021; Belmont Resources Inc. (“Belmont”), (or the “Company”), (TSXV:BEA) (FSE:L3L2) announces that it has granted incentive stock options (the “Options”), pursuant to its stock option plan (the “Plan”), for a total of 1,400,000 common shares of the Company, to certain directors, officers, employees and consultants of the Company. The Options, subject to the terms of the Plan and the corresponding option agreements, are exercisable at a price of CAD $0.10 per share for a period of up to 5 years. The Company's Stock Option Plan allows for the issuance of up to 10% of issued and outstanding share capital in the form of incentive stock options.

About Belmont Resources

Belmont Resources is engaged in the business of acquiring and re-developing past producing copper-gold-silver mines in southern British Columbia and Northern Washington State. This region is considered to have the highest concentration of mineralization and past producing mines in western North America. By utilizing new exploration technology, geological modelling and specialized 3D data analysis, the company is successfully identifying new areas of mineralization beneath and/or in the near vicinity of the past producing mines

The Belmont project portfolio:

• - Athelstan-Jackpot, B.C. – *Athelstan Jackpot Gold-Silver mines

  - Come By Chance, B.C. – *Betts Copper-Gold mine

  - Lone Star, Washington – *Lone Star Copper-Gold mine

  - Pathfinder, B.C. – *Bertha Pathfinder Gold–Silver mines

  - Black Bear, B.C. – Gold

  - Pride of the West, B.C.- Gold

  - Kibby Basin, Nevada – Lithium

  - Crackingstone, Sask. – Uranium

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ON BEHALF OF THE BOARD OF DIRECTORS

“George Sookochoff”

George Sookochoff, CEO/President

Ph: 604-505-4061

Email: george@belmontresources.com

Website: www.BelmontResources.com

We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has not approved nor disapproved of the information contained herein.