BELMONT TAPS SATELLITE DATA IN Kibby Basin, NEVADA, #Lithium Exploration- IDENTIFIES SIGNIFICANT ANOMALIES #NASA #USGS #Nevada #USA

1. December 14, 2017
Report #7
Lithium in Nevada, USA
The Missing Puzzle Piece to Discover Lithium
Aquifers in the Kibby Basin of Nevada?
Drilling the first holes into a lithium
prospective basin is a high risk business,
because if you miss, or the lithium grades
are low, the market tends to punish the
company vigorously by selling hard as
investors turn their back on the stock and
move on to their next gambling frenzy.
On the other hand, this could create
an outstanding buying opportunity for
those that still believe in the company
and know that – in most cases – it’s never
the first hole that makes a discovery.
This could very well be true for Belmont
Resources Inc. and its Kibby Basin Project
in Nevada, 65 km north of the famous
Clayton Valley.
In June of this year, the lithium explorer
reported assays from its first 2 holes,
showing up to 200 ppm lithium in sedi-
ments. This was a promising discovery as
it made official that there is lithium in the
Kibby Basin. However, investors – at that
time – were not looking for“promising”
results in sediments, they wanted to see
high-grade lithium in aquifers as that’s
also the pay zone in the near-by Clayton
Valley. So as they did not get what they
wanted to see, the stock took a dive at
5 cents and reached a bottom 4 months
later at 2.5 cents.
After a recent financing at 3 cents for
the next round of exploration, the stock
currently trades at 5 cents again. With
management and insiders taking the
lion’s share of that financing, this may
give confidence that they still believe
to hit it big time with the next round of
drilling.
And today, Belmont made a striking
announcement that could be the
missing piece of puzzle for the question
of where to drill the next couple of holes
on its large property to finally discover
high grades of lithium in the aquifer pay
zone.
Company Details
Belmont Resources Inc.
Suite 600 - 625 Howe Street
Vancouver, BC, V6C2T6 Canada
Phone: +1 604 683 6648
Email: gmusil@belmontresources.com
www.belmontresources.com
Shares Issued & Outstanding: 51,160,953
Canadian Symbol (TSX.V): BEA
Current Price: $0.05 CAD (12/13/2017)
Market Capitalization: $2.6 Million CAD
German Symbol / WKN: L3L1 / A1JNZE
Current Price: €0.027 EUR (12/13/2017)
Market Capitalization: €1.4 Million EUR
Chart Canada (TSX.V)
Chart Germany (Frankfurt)

2. 2
hen you have a 27 square
kilometer big property,
where basically no one ever
conducted any modern exploration
to find lithium-bearing aquifers, you
need to start somewhere to prove
your case that there could be lithium.
So Belmont looked at the Clayton Valley
and compared it to the Kibby Basin, and
they found a geologic setting similar to
the continental brine model ascribed to
the Clayton Valley. Then they did a 3D
gravity survey over the entire property
and found that it has the structure of a
perfect lithium basin.
This was followed by 2“scout-holes“
to find out if there is any lithium in
those sediments and to get a first look
of the basin‘s geology. Drilling found
promising lithium values (up to 200
ppm) in sediments which is a great
indication that a near-by aquifer may
host much higher grades. With 13 of 25
core samples assaying over 100 ppm
lthium, these sediments could very well
be a potential source of lithium for the
underlying aquifers.
The question then arose where to
drill next in order to find the aquifer,
respectively the pay zone. A consultant
to Belmont, took a deep dive into
researching the Kibby Basin and made
some striking findings, with the results
you can see in today‘s news release.
Originally, he just wanted to put the
company‘s property borders on a map,
so he looked at some satellite images
and started to think outside the box. He
obtained more satellite data sets as he
had the feeling he was onto something.
Belmont‘s consultant then contacted the
USGS and NASA to confirm his theory
and soon it became clear that he found
the missing puzzle piece. As the images
indicate, he may have found the location
of the geothermal system – right in the
heart of the Kibby Basin.
This looks like a big“discovery“ as there
is no surface expression of a geothermal
system and until now it was not even
clear if at all there is a geothermal system
on the property.
The above shown image is actually
an animation (click here to watch it)
showing 8 days of a snow storm in 2016
above the Kibby Basin: Note the snow
in red and that over 1 foot of snow was
all gone within short time (so the take-
away is the Kibby Playa is warm due to a
geothermal system).
To make it clear: A geothermal system
is the key for a lithium-bearing aquifer
and as such the location of the lithium
aquifer is likely to be at the same spot.
As Belmont has now found this 1 square
kilometer area on its property, where
a convergence of anomalies occur,
the company is now getting ready to
drill into this area to find the lithium-
bearing aquifer. Vojtech Agyagos, CEO &
President of Belmont, explained today:
“The discovery of this area of hydro-
thermal indicator minerals representing
approximately (1) square/Kilometer
of our 27 square kilometer Kibby Ba-
sin, Nevada property will become the
center of our continued exploration.
This area hosted the highest Lithium
surface samples as well and is the site of
our proposed third drill hole. Our 2017
drill program discovered both water
(fresh) and up to 200ppm lithium in the
core in the Eastern side of the property
about 2 kilometers from these Thermal
alterations. This geothermal alteration
sits above the deepest gravity indicated
area from Belmonts’ 2016 Wright Geo-
physical ground gravity survey.
W
Research #7 | Belmont Resources Inc.
Belmont, has been reviewing EOSDIS NASA Worldview and the United States Geological Survey
(USGS) archived satellite data (1996 -2017) acquired over the Company’s Kibby Basin - Lithium
brine exploration project. Archived ASTER/Landsat satellite data collected over the Monte Cristo
Valley has identified significant anomalous higher than normal concentrations of clay-mica-hy-
drous silica-ferric iron minerals in the north-central playa in nearly the same area as indicated by
the ASTER data within the Belmont, Kibby Basin – claim area. ASTER/Landsat class satellite data
have been most effective at broadly categorizing surface units that can be considered as proxy for
geothermal systems (e.g., sulfates, carbonates, clays) than identifying specific minerals and their
mixing components (Taranik, 1988, Sabine et al., 1994, Rowanet al., 2005 and Zhanget al., 2007).

3. 3
Belmont, is presently seeking quotes
from geophysical engineering
companies for Magnetotelluric (MT),
Vertical Electrical Sounding (VES) and
Geothermal Probe surveys with a view
to isolate the most prospective area to
drill for geothermal brine water. This
new information will be used, along
with the planned electromagnetic
resistivity (‘EM’) and possibly seismic
survey of the property to pin point
the higher aquifer probability targets
for the next phase of drilling. The
electromagnetic resistivity (‘EM’)
survey is expected to be completed
early in January 2018.”
The circled areas in both the shown
images are basically parts where
hydrothermally altered sediments occur
on the playa of the Kibby Basin. The
presence of these indicate that, at one
time, the hydrothermal water reached
the surface (probably in form of a geyser
or hot spring). Also, they indicate the
proximity of faults and fissures.
With the first 2 holes, Belmont tried to
drill into some indicated (ground survey)
faults on the eastern side of its property.
Now with this new information
(hydrothermal alteration), they may have
found the missing piece of the puzzle
to start drilling into the right spot of the
basin to finally make a striking discovery
(i.e. drilling into a lithium-rich aquifer).
The USGS wrote a report in 2013
outlining what you would need to find
a lithium brine deposit – all producing
lithium brine deposits share a number of
first-order characteristics:
(1) arid climate;
(2) closed basin containing a playa or salar;
(3) tectonically driven subsidence;
(4) associated igneous or geothermal
activity;
(5) suitable lithium source-rocks;
(6) one or more adequate aquifers; and
(7) sufficient time to concentrate a brine
With the upcoming geo probing and MT/
VES survey – and the latest knowledge
acquired from satellite data – Belmont
is on track to find (6) one or more
adequate aquifers.
Research #7 | Belmont Resources Inc.
Principals and applications of indirect methods which involve using hydrothermal minerals
as a proxy of geothermal systems were discussed by Hunt, 1977; Clark, 1999; Greenet al.,
1998; Martini et al., 2004 and Vaughan et al., 2003 and 2005; whereas the direct thermal
indices and associated applied methods were discussed in Mongillio, 1994, Hackwell et al.,
1996; Haselwimmer et al., 2011; Rowan et al., 2003; Coolbaugh et al., 2007. Well-established
methods in multispectral, hyperspectral analysis, in conjunction with modern subsurface
geophysics, advanced imagery from space-based and airborne sensor systems, permits their
direct and immediate application in geothermal energy prospecting and their evaluation
using both thermal signature, and spectral signatures indices (Coolbaugh et al., 2007; Gupta
and Roy 2007) (Prospecting for geothermal energy through satellite based thermal data.)

4. 4 Research #7 | Belmont Resources Inc.
Previous Coverage
Report #6:“Belmont on track to
eclipse the ClaytonValley”
Report #5:“Belmont getting ready
to drill for untapped lithium brines
at Kibby Basin in Nevada”
Report #4:“The perfect lithium
basin?”
Report #3:“Prominent gravity low
identified on Kibby Basin Lithium
Brine Property in Nevada”
Report #2:“Dark clouds over Clayton
Valley and green lights for Belmont’s
Kibby Basin”
Report #1: “Early Report on
Belmont”
Click on chart (or here) for updated version

5. 5
Disclaimer and Information on
Forward Looking Statements:
All statements in this report, other than state-
ments of historical fact should be considered
forward-looking statements. Much of this report
is comprised of statements of projection. State-
ments in this report that are forward looking
include that Belmont Resources Inc. (“Belmont”)
or any other company or market will perform as
expected; that the encountered lithium grades
were a promising discovery and an indication
that a near-by aquifer may host similar or even
higher grades; that the lithium-bearing sedi-
ments could very well be a potential source of
lithium for the underlying aquifer; that explora-
tory drilling in the ClaytonValley typically also
encounters lithium-enriched sediments; that
Belmont is getting ready to precisely locate
underlying aquifers (if these exist); that Belmont
made a striking announcement today that
could be the missing piece of puzzle for the
question where to drill next to finally discover
high grades of lithium in the aquifer pay zone;
that connecting the dots may get rewarded
generously with the upcoming buying frenzy
that this lithium explorer could generate with
the next round of drill results, when it becomes
clear that they are onto something big; that a
geothermal system is the key for a lithium-bear-
ing aquifer and that the location of the aquifer
is likely to be at the same spot; that Belmont will
soon make a striking discovery; that all produ-
cing lithium brine deposits share characteristics;
that the company can raise sufficient funds for a
transaction, exploration and corporate matters;
that any of the mentioned plans, comparisons
with other companies, regions or numbers are
valid or economic. Such statements involve
known and unknown risks, uncertainties and
other factors that may cause actual results or
events to differ materially from those antici-
pated in these forward-looking statements.
Risks and uncertainties respecting lithium and
resource companies are generally disclosed in
the annual financial or other filing documents
of Belmont and similar companies as filed with
the relevant securities commissions, and should
be reviewed by any reader of this report. In
addition, with respect to Belmont, a number
of risks relate to any statement of projection
or forward statements, including among other
risks: the receipt of all necessary approvals and
permits; the ability to conclude a transaction
to start or continue exploration; uncertainty of
future market regulations, capital expenditures
and other costs; financings and additional cap-
ital requirements for exploration, development,
construction, and operating of a facility; the
receipt in a timely fashion of further permitting
for its legislative, political, social or economic
developments in the jurisdictions in which
Belmont carries on business; operating or tech-
nical difficulties in connection with production
or development activities; the ability to keep
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that such statements will prove to be accurate,
as actual results and future events could differ
materially from those anticipated in such state-
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Author Profile and Contact
Stephan Bogner (Dipl. Kfm. FH)
Rockstone Research
8260 Stein am Rhein, Switzerland
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Stephan Bogner studied at the
International School
of Management
(Dortmund,
Germany), the
European Business
School (London)
and the University
of Queensland
(Brisbane, Australia). Under
supervision of Prof. Dr. Hans J. Bocker,
Stephan completed his diploma thesis
(“Gold In A Macroeconomic Context
With Special Consideration Of The
Price Formation Process”) in 2002. A
year later, he marketed and translated
into German Ferdinand Lips‘ bestseller
(„Gold Wars“). After working in Dubai
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Research #7 | Belmont Resources Inc.