Belmont Resources Inc. announced plans for a 2023 Rare Earths Elements (REE) exploration program on its 100% owned Crackingstone UraniumThorium property situated in northern Saskatchewan, 6 kilometers west of Uranium City. Rare Earth Elements (REE): Rare Earth Elements (often referred to Rare Earth Minerals or Metals) have become essential to the future economy and security. They make possible the high tech world ­ everything from the miniaturization of electronics, to the enabling of green energy and medical technologies, to supporting a myriad of essential telecommunications and defense systems. These materials, many of which were of little economic interest until recently, are required to fuel a proliferation of technologies and industries that have become vital for social and economic wellbeing the world over.

The Rare Earth Metal supply chain has been a worry for U.S. based high-tech companies and defense contractors for years mainly because China controls 80% of rare earths supply and 90% of the complex processing required to transform rare earths into the magnets and powders in which they ultimately end up. Canada has some of the largest known reserves and resources rare earths in the world, estimated at over 14 million tonnes of rare earth oxides in 2021. As such the United States is looking north to Canada to become a major supplier of rare earth metals to counter China's dominant position.

Rare earth minerals are processed primarily from ores and minerals that naturally contain uranium and thorium. Processing rare earth minerals involves the separation and removal of uranium and thorium. Rare earth minerals are most often associated with pegmatite which is the host rock for many rare mineral deposits.

Appia Rare Earths and Uranium Corp.'s Alces lake property, 34 kilometers east of Uranium City, has recently reported some of the highest REE grades in the world; average zone highgrades range from 4.2 to 32.2 weighted percentage total rare earth oxide or better known as TREO. Appia's rare earths exploration has focused on pegmatites within thorium anomalous areas. 2023 Exploration Program: After an extensive review of previous exploration data from the Crackingstone Uranium/Thorium property along with learning from nearby REE discoveries and what important exploration vectors were used to make these discoveries ie.

pegmatites within thorium anomalies, and the fact that the Crackingstone property has similar vectors for potential REE discoveries, Belmont resources is planning a rare earths focused exploration program for 2023. The program will consist of the following: Relog 2008 drill core and reassay for rare earth metals intervals containing pegmatite. Belmont has over 3,000 meters of 2008 drill core stored at nearby Uranium City.

Sample known pegmatite outcrops on the property. Geological mapping of a large thorium radiometric anomaly in northwest area of the property. Delineate and sample new pegmatite showings in the thorium anomaly for Rare Earth Metals.