Belmont Resources Inc. ("Belmont", the "Company")(TSX
VENTURE:BEA)(PINKSHEETS:BEAAF)(FRANKFURT:L3L) Further to our news release of May
23, 2014 the Company announces the following update.


Currently, Belmont and EuroGas, Inc. ("EuroGas") seek compensation under
international law against the Slovak Republic. Under the applicable treaties,
the Notice of Dispute sent in December 2013 was followed by a six-month "cooling
off period", to allow a possible amicable settlement. Negotiations with the
Slovak Republic however proved futile. 


Belmont and EuroGas therefore filed a Request for Arbitration under the Rule of
the International Centre for Settlement of Investment Disputes ("ICSID"), under
the auspices of the World Bank.


The Executive Assistant to the Secretary General of ICSID has acknowledged
receipt of the Request for Arbitration and of the required lodging fees, and
notified the Request to the representatives of the Slovak Republic on June 27,
2014. The Company, together with EuroGas, is seeking damages from the Republic
of Slovakia as compensation for the illegal revocation of their rights over the
Gemerska Poloma talc deposit.


All inquiries regarding the dispute with the Slovak Republic should be sent to
Belmont's attorney, Dr. Hamid Gharavi, at Derains & Gharavi in Paris
(hgharavi@derainsgharavi.com). 


ON BEHALF OF THE BOARD OF DIRECTORS

Vojtech Agyagos, 

President and CEO, Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Belmont Resources Inc.
604-683-6648
604-683-1350 (FAX)
belmontr@telus.net
www.BelmontResources.com
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