Belmont Resources Ltd. announced plans for a 2,500 meter drill program at its 100% owned Althelstan-Jackpot ("A-J") gold project in southern British Columbia. Drilling will target of a multi coincident geophysical anomaly overlain by diorite (intrusive") and listwanite situated in the North Zone of the property. The Jackpot fault directly intersects this anomalous zone providing a conduit for the hydrothermal fluids and subsequent precipitation of gold mineralization.

A-J North Zone: Listwanite (carbonated serpentinite) is a term to describe the silica-carbonate alteration of serpentinite and is commonly associated with high-grade lode-gold mineralization. The Mother Lode gold district in California and the Abitibi greenstone belt of the Superior Province of Canada are two of the most well-known examples of listwanite-associated lode-gold in North America. In general, the richest gold grades within these deposits are associated with, or in close proximity to carbonate-altered ultramafic rocks (Listwanite).

In particular sampling of the mine dumps have returned grades as high as 1oz/ton gold and over 5 oz/ton silver. A 2002 Report by R.E. Miller, B.Eng., P.Geo states A potential resource of 2,000-5,000 ounces of gold in the surface and near surface mineralized areas appears to exist within the A-J Group based on previous trenching results and sampling of mine dumps. The identification of one to two areas of ore have been identified having dimensions of 2.0 metres thick, 15 metres in width and 90 metres in length with an average grade of 0.3 opt gold.

Belmont is planning to process the surface and near surface gold material from the South Zone utilizing new and cost effective methods of recovery of gold. Belmont sees this as an excellent opportunity to generate cash flow to finance further exploration on its projects while minimizing share dilution. Sample gold material will be delivered to EnviroMetal Technoligies in Burnaby, British Columbia for testing.

EnviroMetal's unique formula offers a cost-effective and eco-friendly alternative to the traditional use of cyanide and smelting and is produced by combining safe FDA-approved ingredients with water. The leach process is quite simple and typically takes only 2 to 24 hours and typically achieves over 96% recoveries. Gold is recovered from the pregnant solution using conventional electrowinning processes.

All reagents and rinse waters are reused providing a near-zero environmental footprint. A Report On The Athelstan-Jackpot Mineral Property Of Rimacan Resources Ltd. By J.S. Kermeen, M.Sc, P.Eng., June 3, 1983 2002 Summary Report on the A-J Group, Greenwood Mining Division by R.E. Miller B.Eng. Sci., P.Geo February 2002.