BEA/IMT                                                    Table 1
From(m)    To(m)    Length(m)    U3O8%    Pounds per Ton
------------------------------------------------------------------
49.1       52.1          3.0    0.360%     7.19 lbs./ton including
49.1       50.8          1.7    0.633%    12.66 lbs./ton including
49.1       49.4          0.3    2.087%    41.74 lbs/ton
49.4       49.5          0.1    0.008%     0.16 lbs/ton
49.5       50.0          0.5    0.873%    17.46 lbs/ton
50.0       50.8          0.8    0.016%     0.32 lbs/ton
50.8       52.1          1.3    0.002%     0.04 lbs/ton

This hole also recorded a further 6.8m intersection from 89.8m to 96.6m with assays from 0.003% to 0.09% U3O8 (1.80 lbs./ton).

A 2008 surface reconnaissance radiometric survey has identified several new radioactive showings in fracture zones east, northeast and north of drill holes C-08-08 to C-19-08. The radiometric readings from these showings, varied from 300 cps to over 35,600 cps. All of these new radioactive showings trend northeast and parallel to the Boom Lake Fault and are contained within five separate fracture zones. The drilling area is covered with moderate to deep overburden, and was not previously detected with radiometric surveys. The VLF EM survey suggests that the Boom Lake Fault extends southwesterly an additional 2000 metres from the Beck 94 showing which is at the south end of the phase one drilling program. The southwesterly extension of the Boom Lake Fault has never been explored by radon gas surveys and drilling. It is strongly recommended that further exploration by radon gas sampling, geological mapping and definitely additional drilling be carried out along this conductive feature.

Hole C-15-08 was drilled approximately 100 meters northeast of C-14-08 to a depth of 121m to intersect the Boom Lake Fault. A total of 4 samples were taken in this shallow hole. The assays ranged from trace to 0.002% U3O8.

Hole C-16-08 was drilled 160 meters northeast of C-15-08 to a depth of 121m also to intersect the Boom Lake Fault. A total of 4 samples were taken in this hole. The assays ranged from trace to 0.003% U3O8.

Hole C-17-08 was drilled 75 meters west of C-16-08 to a depth of 121m to intersect the uranium bearing mineralization under the Beck 48 showing (Adit #7). A total of 7 samples were taken from this hole with assays ranging from trace to 0.007% U3O8.

Hole C-18-08 was drilled 300 metres northeast of C-17-08 to a depth of 121m to test a radon gas anomaly. A total of 8 samples were taken from this hole with values up to 0.002% U3O8.

Hole C-19-08 was drilled from the same location to a depth of 158m to intersect the Boom Lake Fault. A total of 18 samples were taken from this hole with assay values up to 0.005% U3O8.

Hole C-20-08 was drilled 50 meters south of Hole C-14-08 to a depth of 102.7m to also intersect the Boom Lake Fault. A total of 72 samples were taken with assays ranging from trace to 0.006% U308. The alteration observed in this hole confirmed a wide zone of uranium mineralization coincident and downstrike to the southwest of C-14-08 and coincident with the Boom Lake Fault.

In summary, the drilling resulted in the discovery of a new wide zone of uranium mineralization associated with the Boom Lake Fault. The drilling has also shown that there are multiple parallel zones of uranium mineralization in this area. The radon gas survey in combination with the VLF EM survey has proven to be effective tools for identifying drill targets in overburden areas in the Beaverlodge uranium camp. The ground VLF EM survey was effective in the identification of the Boom Lake Fault Zone. The VLF EM survey has also identified 25 other parallel northeast trending conductors east and west of the Boom Lake Fault, within the Crackingstone property. Many of these conductors are prospective drilling targets for the discovery of uranium mineralization.

Additional information including maps, images and complete drilling results of the Crackingstone Uranium project will be posted on the respective Company web sites.

This news release was reviewed and approved for technical disclosure by Raymond A. Bernatchez, P.Eng., Consulting Geologist, an independent qualified person under NI 43-101.

All samples were shipped in sealed containers to SRC Geo-analytical Laboratories in Saskatoon, Sask., for analysis. All samples were analyzed using standard ICP partial and total digestion methods. A QA/QC program was implemented as part of the sampling procedure for the drill program. Field duplicates and field blanks were inserted into the sample stream with at least one standard sample and duplicates inserted every 19 and 37 samples respectively for quality checks. The laboratory also has an extensive in-house quality control system.

About Belmont Resources Inc.

Belmont Resources Inc. is focused on acquiring and developing uranium properties in developed and emerging uranium districts. Belmont (50/50) with International Montoro Resources Inc. has acquired two significant uranium properties (Crackingstone -982 ha & Orbit Lake -11,109 ha) in the Uranium City District in Northern Saskatchewan (recently optioned the Orbit claim block to Ultra Uranium Corp. - TSX VENTURE:ULU). Belmont has also staked (100% owned) 63,184 ha in the Wollaston/Reindeer Lake-Compulsion Bay area, southeast Athabasca Basin, Saskatchewan. The Company also holds interests (50/50 with Int. Montoro) in two claim blocks in the Central Mineral Belt in Labrador.

Further information can be obtained from the Company website at www.BelmontResources.com and www.sedar.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Gary Musil, CFO/Director

The statements used in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Companies forward-looking statements and expectations.

SOURCE: Belmont Resources Inc.

Belmont Resources Inc./International Montoro Resources Inc.
Gary Musil
CFO/Director
(604) 683-6648
(604) 683-1350 (FAX)
Belmont Resources Inc./International Montoro Resources Inc.
Dean Stuart
(403) 517-2270
Website: www.BelmontResources.com

SOURCE: Investment Industry Regulatory Organization of Canada (IIROC)

IIROC Inquiries
(416) 646-7299
(604) 602-6986 (FAX)
Email: Surveillancewest@iiroc.ca
Website: www.iiroc.ca

                                            Table 1
-------------------------------------------------------
From(m)    To(m)    Length(m)   U3O8%    Pounds per Ton
-------------------------------------------------------
39.70m    40.30m      0.60m     0.020%    0.40 lbs/ton

53.10m    53.90m      0.80m     0.001%
53.90m    55.10m      1.40m     0.080%     (including)
53.90m    54.70m      0.80m     0.114%    2.28 lbs/ton
54.70m    55.19m      0.60m     0.044%    0.88 lbs/ton
55.10m    55.80m      0.70m     0.004%
55.80m    62.80m      7.00m     0.036%     (including)
55.80m    58.60m      2.80m     0.037%     (including)
55.80m    56.20m      0.40m     0.060%    1.20 lbs/ton
56.20m    57.30m      1.10m     0.012%    0.24 lbs/ton
57.30m    58.20m      0.90m     0.017%    0.34 lbs/ton
58.20m    58.60m      0.40m     0.125%    2.50 lbs/ton
58.60m    59.00m      0.40m     0.006%
59.00m    59.40m      0.40m     0.182%    3.64 lbs/ton
59.40m    60.60m      1.20m     0.006%
60.60m    61.80m      1.20m     0.035%     (including)
60.60m    61.20m      0.60m     0.022%    0.44 lbs/ton
61.20m    61.80m      0.60m     0.048%    0.96 lbs/ton
61.80m    62.60m      0.80m     0.004%
62.60m    62.80m      0.20m     0.126%    2.52 lbs/ton
62.60m    63.70m      0.90m     0.001%

114.30m  114.60m      0.30m     0.066%    1.32 lbs/ton
-------------------------------------------------------

These mineralized systems are generally recognized with the presence of calcite, chloritization, silicification and hematization. The past producing Cinch Uranium Mine, with historical production of 661,000 lbs. of uranium, is located along the Crackingstone Fault to the east of the drilling area and is suspected of being the westerly extension of the St. Louis Fault ("StLF"). The bulk of previous uranium production in the Beaverlodge Camp from the Ace, Fay and Verna Mines (40 mil. lbs.) were contained within the StLF.

Hole C-10-08 is located at the same location as C-09-08 but was drilled northward at an angle of 60 degrees to intersect the down dip extension of the mineralization intersected in Holes C-09-08. A total of 10 samples were taken from this hole. The assays ranged from 0.001% up to 0.256% U3O8 over sample widths from 0.3m to 1.7m. The best results were obtained in a 7.3 metre intersection between 106.3m and 113.6m including 108.5 to 108.9 (0.4 m) assaying 0.256% (5.12 lbs./ton) and 108.5 to 110.5 (2.0m) averaging 0.058% (1.17 lbs./ton).

Hole C-11-08 is located 100 metres east of C-09-08 and C-10-08 and was drilled at an angle of 45 degrees northward and intersect the easterly extension of uranium mineralization intersected in the above two holes. A total of 9 samples were taken from this hole. The assays ranged from 0.001% up to 0.137% U3O8 over sample widths from 0.3m to 1.3m. The 0.137% U3O8 came from a 0.3 meter section off a 5.7 meter wider zone of anomalous uranium mineralization from 39.1m to 44.8m.

Hole C-12-08 is located approximately 200 meters southeast of C-09-08 and was drilled northwesterly to intersect the Boom Lake Fault. This hole intersected uranium mineralization on the east flank of the Boom Lake Fault. A total of 28 samples were taken from this hole. The assays ranged from trace up to 0.173% U3O8 over sample widths from 0.3m to 1.5m. The best results obtained were: 36.7 to 37.6m -0.9m assaying 0.082% U3O8 (1.64 lbs./ton) and 46.2 to 46.5m - 0.3m assaying 0.173% U3O8 (3.46 lbs./ton).

Hole C-13-08 is located 200 meters northeast of C-09-08 and was drilled northward and intersected uranium mineralization on the west flank of the Boom Lake Fault. A total of 5 samples were taken in this shallow hole. The assays ranged from 0.001% up to 0.015% U3O8 in a 4.5 metre intersection between 64.2m and 68.7m.

Additional information including detailed maps, images and complete drilling results of the Crackingstone Uranium Project expect to be posted soon on the respective company web sites.

This news release was reviewed and approved for technical disclosure by Raymond A. Bernatchez, P.Eng., Consulting Geologist, an independent qualified person under NI 43-101.

All samples were shipped in sealed containers to SRC Geo-analytical Laboratories in Saskatoon, Sask., for analysis. All samples were analyzed using standard ICP partial and total digestion methods. A QA/QC program was implemented as part of the sampling procedure for the drill program. Field duplicates and field blanks were inserted into the sample stream with at least one standard samples and duplicates inserted every 19 and 37 samples respectively for quality checks. The laboratory also has an extensive in-house quality control system.

About International Montoro Resources Inc.

International Montoro Resources is focused on advancing its 100 percent optioned Elliot Lake uranium project in northern Ontario. In addition the Company is continuing development with Belmont (50/50) of its Crackingstone -982 ha & Orbit -11,109 ha properties in the Uranium City District - Northern Saskatchewan. The Company also holds interests in the Cup Lake/Donen uranium project in south-central British Columbia and two claim blocks (50/50 with Belmont) in the Central Mineral Belt in Labrador.

For further information phone 604-683-6648, visit the Company website at www.MontoroResources.com and watch the Smartstox interview with President Gary Musil (www.smartstox.com/interviews/imt.php), or contact Chris Haldane at CHF Investor Relations at 416-868-1079, ext. 237

About Belmont Resources Inc.

Belmont Resources Inc. is focused on acquiring and developing uranium properties in developed and emerging uranium districts. Belmont (50/50) with International Montoro Resources Inc. has acquired two significant uranium properties (Crackingstone -982 ha & Orbit Lake -11,109 ha) in the Uranium City District in Northern Saskatchewan (recently optioned the Orbit claim block to Ultra Uranium Corp. -TSX.V:ULU). Belmont has also staked (100% owned) 63,184 ha in the Wollaston/Reindeer Lake-Compulsion Bay area, southeast Athabasca Basin, Saskatchewan. The Company also holds interests (50/50 with Int. Montoro) in two claim blocks in the Central Mineral Belt in Labrador.

Further information can be obtained from the Company website at www.BelmontResources.com and www.sedar.com, or by phoning 604-683-6648 or contact Dean Stuart at 403-517-2270.

ON BEHALF OF THE BOARD OF DIRECTORS

"Gary Musil"

Gary Musil

CFO/Director

The statements used in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Companies forward-looking statements and expectations.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

International Montoro Resources Inc.

Belmont Resources Inc.

#600 - 625 Howe Street

Vancouver, B.C. V6C 2T6

Ph: (604) 683-6648

Fax: (604) 683-1350

October 23, 2008

Source: International Montoro Resources Inc. (TSX-V IMT) www.montororesources.com

Maximum News Dissemination by Filing Services Canada Inc. *

www.usetdas.com

http://www.useTDAS.com

Hole C-07-08: 13 samples were taken with assays ranging from trace up to 0.014% U3O8 over widths from 0.2m to 2.0m from samples taken between 39.4m and 112.2m.

Hole C-08-08: This hole was thoroughly sampled (47 samples) and assayed with values ranging from trace to 0.371% U3O8 (7.42 lbs./ton). Core sample width ranges from 0.10m to 1.25m from samples taken between 42.9m to 272.5m with the best assays listed below:

Hole C-08-08 Table
------------------------------------------------------------------------
From (m)       To (m)   Length (m)    % U3O8   Pounds per ton
------------------------------------------------------------------------
105.50m      107.25m        1.75m     0.043%   0.86 lbs./ton (including)
105.50m      106.60m        1.40m     0.041%                 (including)
105.50m      105.80m        0.30m     0.059%   1.18 lbs./ton
105.80m      106.20m        0.40m     0.034%
106.20m      106.60m        0.40m     0.040%
106.60m      107.00m        0.40m     0.035%
107.00m      107.25m        0.25m     0.027%

109.05m      109.40m        0.35m     0.018%

112.95m      117.80m        4.85m     0.064%   1.4 lbs./ton (including)

112.95m      114.00m        1.05m     0.003%
114.00m      114.65m        0.65m     0.134%   3.6 lbs./ton (including)
114.40m      114.55m        0.15m     0.362%   7.24 lbs./ton
114.55m      114.65m        0.10m      0.15%   3.0 lbs./ton
114.65m      115.80m        1.15m     0.003%
115.80m      116.70m        0.90m     0.241%   4.82 lbs./ton (including)
116.20m      116.70m        0.50m     0.371%   7.42 lbs./ton
116.70m      117.80m        1.10m     0.002%

120.70m      122.00m        1.30m     0.008%
122.00m      122.20m        0.20m     0.069%   1.38 lbs./ton
122.20m      123.00m        0.80m     0.027%
123.00m      123.70m        0.70m     0.089%   1.52 lbs./ton (including)
123.30m      123.60m        0.30m     0.146%   2.92 lbs./ton
123.70m      124.30m        0.60m     0.017%

198.00m      198.20m        0.20m     0.022%
255.10m      255.30m        0.20m     0.040%
------------------------------------------------------------------------

The zones of mineralization are hosted within zones of intense fracturing containing significant uranium mineralization between holes C-07-08 and C-19-08 and coincident with the Boom Lake Fault.

All of the drill holes were thoroughly tested with the spectrometer and then sampled to fully test the range of uranium mineralization. The mineralization is contained within broad zones of alteration and fracturing located within the Boom Lake Fault.

This news release was reviewed and approved for technical disclosure by Raymond A. Bernatchez, P.Eng., Consulting Geologist, an independent qualified person under NI 43-101.

All samples were shipped in sealed containers to SRC Geo-analytical Laboratories in Saskatoon, Sask., for analysis. All samples were analyzed using standard ICP partial and total digestion methods. A QA/QC program was implemented as part of the sampling procedure for the drill program. Field duplicates and field blanks were inserted into the sample stream with at least one standard sample and duplicate inserted every 19 and 37 samples respectively for quality checks. The laboratory also has an extensive in-house quality control system.

About Belmont Resources Inc.

Belmont Resources Inc. is focused on acquiring and developing uranium properties in developed and emerging uranium districts. Belmont (50/50) with International Montoro Resources Inc. has acquired two significant uranium properties (Crackingstone -982 ha & Orbit Lake -11,109 ha) in the Uranium City District in Northern Saskatchewan (recently optioned the Orbit claim block to Ultra Uranium Corp.). Belmont has also staked (100% owned) 63,184 ha in the Wollaston/Reindeer Lake-Compulsion Bay area, southeast Athabasca Basin, Saskatchewan. The Company also holds interests (50/50 with Int. Montoro) in two claim blocks in the Central Mineral Belt in Labrador.

Further information can be obtained from the Company website at www.BelmontResources.com and www.sedar.com, or by phoning 604-683-6648.

About International Montoro Resources Inc.

International Montoro Resources is focused on advancing its 100 percent optioned Elliot Lake uranium project in northern Ontario. In addition the Company is continuing development with Belmont (50/50) of its Crackingstone -982 ha & Orbit -11,109 ha properties in the Uranium City District - Northern Saskatchewan. The Company also holds interests in the Cup Lake/Donen uranium project in south-central British Columbia and two claim blocks (50/50 with Belmont) in the Central Mineral Belt in Labrador.

For further information phone 604-683-6648, visit the Company website at www.MontoroResources.com and watch the Smartstox interview with President Gary Musil (www.smartstox.com/interviews/imt.php).

ON BEHALF OF THE BOARD OF DIRECTORS

Gary Musil, CFO/Director

The statements used in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Companies forward-looking statements and expectations.

SOURCE: Belmont Resources Inc.

Belmont Resources Inc.
Dean Stuart
(403) 517-2270
Website: www.BelmontResources.com
CHF Investor Relations
Chris Haldane
(416) 868-1079, ext. 237
Website: www.MontoroResources.com