Belmont Resources Inc. announced a comprehensive 40 drill holes, totaling up to 10,000 metres over the next 2 years drill permit for its 100% owned Crackingstone Uranium Property situated in the Uranium City district of North Saskatchewan, has been submitted to the Fish, Wildlife and Lands Branch, Saskatchewan Ministry of Environment. Consultation with First nations have now been initiated. The Company anticipates a first review of the drill permit application by the Ministry to be completed in July of this year with the potential of a granted permit in time for a fall drilling program.

Drill Target Details: At this stage, multiple drill holes collars have been planned along a structurally controlled fault, EM conductive mineralized corridor with surface samples ranging up to 15.6% U3O8. View map. Drill Target selection parameters.

Strong Radiometric uranium anomaly, Over 1% U3O8 occurrence at surface, Association with fault, Association with EM conductor, High Scintillometer radioactivity (CPS) readings. A 20 hole, 3,000 meter diamond drilling program covering a 1,800 meter strike length was carried out in 2008. The drilling tested an EM conductor from the Boom Lake - Crackingstone intersection north along the Boom lake fault.

All of the drill holes intercepted uranium mineralization along with pegmatite and hematite alteration. Pegmatite is often associated with uranium mineralization in the Athabasca basin. Of equal importance was the extensive amount of hematite alteration intercepted across the entire 1.8 kilometer zone.

Hematite alteration is commonly associated with uranium in the Athabasca basin. Hematite alteration is an indication of uranium precipitation during the hydrothermal event. Drill Hole C14: 2.087% U3O8 over 0.3 m and 0.873% U3O8 over 0.5 m within 1.182% U3O8 over 0.9 m from 49.1 to 50.0 m A planned follow up drill program was cancelled due to the 2008 financial market collapse.

The 100% owned Crackingstone property is located in the Beaverlodge uranium district, on the north shore of Lake Athabasca (view map) and only 6 km by road from Uranium City, Saskatchewan. A power line crosses the southern portion of the property. Historic work in the Uranium City area dates back to the 1950's. From 1953 to 1982, sixteen deposits were brought into production which produced a total of 70,250,000 lbs U3O8 averaging 0.24 % U3O8.

The grades ranged from 0.18% to 0.43%. The Crackingstone property covers 5 kms of the Black Bay Shear Zone, a major structural feature in the region which hosts several past producing mines such as the past producing Leonard and Smitty uranium mines combined to produce 876,000 lbs of uranium oxide and to the northeast the Cayzor uranium mine produced approximately 1,372,800 lbs with unexplored depth potential.