Belmont Resources Receives Drill Permit For Crackingstone Uranium-Ree Project, Saskatchewan
(TheNewswire)
Vancouver, British Columbia – TheNewswire - December 2, 2025 — Belmont Resources Inc. (TSX-V: BEA; FSE: L3L2) (“Belmont” or the “Company”) ispleased to announce that it has received the drill permit (Crown Land WorkAuthorization, “CLWA”) from the Saskatchewan Ministry ofEnvironment for its 100%-owned Crackingstone Uranium–REE Project in the Uranium Citymining district. This multi-year authorization enables Belmont toadvance drilling across multiple high-priority uranium and rare earthtargets recently refined through comprehensive geological andgeophysical work. The permit authorizes Belmont to carryout all activities outlined in its exploration proposalincluding:
Up to 40 drill holes and drillpads
Up to 2.5 km of new trailconstruction
Up to 5 km of trailrefurbishment
Ground geophysical surveys andgrassroots exploration
The authorization is issued under The Provincial Lands Act , Crown ResourceLand Regulations , and the Environmental Management and ProtectionAct (EMPA) . It is valid through November 30, 2028 andcovers the Crackingstone Project area centered near UTM 627600 E / 660200 N, Zone12N .
Belmont Comments on PermitApproval
“Receiving the Crackingstone drillauthorization is an important milestone for Belmont,” stated GeorgeSookochoff, Chairman . “This multi-year permit gives us fullflexibility to conduct drilling and associated exploration work acrossmultiple high-priority uranium and rare earth targets. With stronghistorical results and compelling modern geophysical data,Crackingstone is positioned for a very meaningful drillcampaign.”
Historical Drilling: All 20 HolesIntersected Uranium
Crackingstone benefits from a strong historicalfoundation. In 2008, a 20-hole diamond drill program was completed onthe property — all 20 holesintersected uranium mineralization , confirmingwidespread U-bearing structures and alteration zones across multipletarget areas.
The 2008 program was considered successful, and follow-up drilling wasrecommended by the operators at the time .However, due to the global 2008 financial crisis , exploration companiesacross the sector sharply reduced activity, and the Crackingstoneproject was placed on hold foreconomic reasons — not geological ones .
These historical results, combined with modernradiometric and structural datasets, highlight the potential forsignificant mineralized corridors that warrant reneweddrilling.
Project Preparation for 2026Drilling
Belmont has completed a comprehensivegeological and geophysical review and is preparing to finalize drilllocations for the 2026 program.
Preparatory work now underway includes finalizing drillcontractor selection, optimizing access routes under the newlypermitted trail allowances, and integrating geological, radiometric,magnetic, and structural layers into the final 2026 drilllayout.
About the CrackingstoneProject
Located near Saskatchewan’s uranium-rich AthabascaBasin, and situated just six kilometers from Uranium City, theCrackingstone property benefits from excellent infrastructureproximity, including road access, year-round airport, poweravailability, and logistical support. Belmont’s exploration effortsalso include evaluating rare earth element (REE) potential on theproperty, further enhancing its strategic importance.
Exceptional High-GradeUranium Potential: The property hasdemonstrated historic grab sample grades of up to 15.6% U?O?.Previous mining on the site produced 11 tons at an average grade of2.3% U?O ? (A qualifying43-101 Report on the Crackingstone River-Ruza Property Beaverlodgedistrict SE of Uranium City Saskatchewan, R.A. Bernatchez, P. EngConsulting Geologist, July 11, 2006).
Extensive MineralizedCorridors : Three major conductive and structuralmineralized corridors, totaling 10 kilometers in length, have beenidentified and are associated with high-grade uraniumoccurrences.
Next Steps
With the CLWA permit in place, Belmont will proceedwith:
Final drill site planning and pad layout
Field readiness and access preparation
Scheduling and mobilization for the 2026 drillingseason
NI 43-101 Disclosure:
The technical and scientific information in this news release has beenreviewed and approved by Laurence Sookochoff, P.Eng. Technical Advisorof the Company, who is a Qualified Person as defined by NI 43-101
About Belmont Resources Inc.
Belmont Resources (TSX-V: BEA; FSE: L3L2) is a Canadianresource company focused on advancing a diversified portfolio ofdiscovery-stage assets including Crackingstone (Uranium–REE, SK) , Come By Chance (Copper-GoldPorphyry/CRD, BC) , Athelstan-Jackpot (Gold, BC) , Kibby (Lithium,Nevada) , and Lone Star (Copper-Gold,Washington) .
ON BEHALF OF THE BOARD OF DIRECTORS
“George Sookochoff”
George Sookochoff, Chairman
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 newsrelease.
This Press Release may contain forward-looking statements that mayinvolve a number of risks and uncertainties, based on assumptions andjudgments of management regarding future events or results that mayprove to be inaccurate as a result of exploration and other riskfactors beyond its control. Actual events or results could differmaterially from the Companies forward-looking statements andexpectations. These risks and uncertainties include, among otherthings, that we may not be able to obtain regulatory approval; that wemay not be able to raise funds required, that conditions to closingmay not be fulfilled and we may not be able to organize and carry outan exploration program in 2023, and other risks associated with beinga mineral exploration and development company. These forward-lookingstatements are made as of the date of this news release and, except asrequired by applicable laws, the Company assumes no obligation toupdate these forward-looking statements, or to update the reasons whyactual results differed from those projected in the forward-lookingstatements.
Copyright (c) 2025 TheNewswire - All rights reserved.
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