Belmont Resources Inc. announced that it has begun its Phase II 2022 exploration program on its 100% owned Cu-Au Come By Chance (CBC) Porphyry project located in southern B.C. Belmont geologists are currently on the CBC property `ground truthing' areas of coincident geophysical targets located in the central and northern portion of the property. Ground truthing involves detailed mapping and rock sampling on surface of coincident geophysical anomalies. Exploration results to date shows this area to be the potential core of the apparent porphyry system.

Data from the current ground truthing survey will be added to the overall CBC exploration database and 3D modeling results will be utilized to more precisely vector in on and further refine the location of the porphyry to determine more definitive drill targets for an upcoming Phase II drill program some time before the year end. Phase I Exploration and Drilling Exploration on the CBC to date has focused on identifying a potential concealed porphyry intrusive of copper-gold mineralization. 2021 geophysics and a subsequent Phase I 2022 - 2,300m drill program further supported the copper-gold porphyry model in initially identifying porphyry style alteration, veining and mineralization.

Phase I 2022 drilling identified: 1. Extensive Propylitic (chlorite, epidote, albite and carbonate) alteration encountered in all six drill holes. Common to most porphyry deposit types, large propylitic alteration forms as halos to the core of porphyry deposits. 2. Extensive pyrite mineralization (up to 20%).

Pyrite halos are another important vector which helps in locating possible porphyry core. 3. Skarn mineralization. Skarns near porphyry deposits are commonly inextricably part of the larger Cu-Au system(s).

4. Structural Lineaments. Junctions of structural lineaments may create a point of weakness that could have been exploited by the porphyry intrusive. The Crook Lake Caldera is an indicated volcanic caldera with indicated hydrothermal breccias and potential mineral controlling structures and cross-structures.