Belmont Resources confirms uranium at Crackingstone

Executive Summary

• Belmont Resources reassayed historic drill core from its 100%-owned Crackingstone project in Northern Saskatchewan, identifying multiple intervals with elevated uranium and rare-earth element (REE) concentrations.
• The program successfully targeted previously unassayed pegmatite-hosted intervals, revealing coincident uranium and REE enrichment that validates the project's potential as an integrated critical minerals system.
• Results provide a strengthened geological foundation to refine exploration targeting and guide future structurally focused exploration activities.

Key Details

• Project Location & Ownership: 100%-owned Crackingstone project, located in the Beaverlodge-Uranium City district of Northern Saskatchewan.
• Historic Core Reassay: Focused on drill core originally completed in 2008 to reanalyze historic uranium intervals using modern analytical methods and assay pegmatite-hosted intervals for REEs.
• Technical Highlights: Multiple reassayed intervals exhibit elevated uranium values; several zones show coincident uranium and REE enrichment; previously untested intervals contain meaningful REE enrichment.
• Analytical Methodology: Samples analyzed by an accredited laboratory using inductively coupled plasma-mass spectrometry (ICP-MS) following total digestion. Uranium reported in ppm. Total rare-earth elements (SigmaREE) reported in ppm. Light-to-heavy REE ratio (LREE/HREE) provided for geochemical characterization.
• Qualitative Metrics: A calculated U multiplied by SigmaREE value is included solely for qualitative internal comparison of coincident enrichment intervals and does not represent grade or economic significance.
• Exploration Implications: Findings confirm bedrock-hosted uranium mineralization alongside a coherent REE system, materially strengthening the project's geological foundation and supporting advancement toward future exploration planning.
• Qualified Person: Laurence Sookochoff, PEng, reviewed and approved technical information per National Instrument 43-101.

Notable Quotes

• "This reassay confirms what we believed was present at Crackingstone and, importantly, expands the opportunity by applying a modern critical-minerals lens to historical drilling," said George Sookochoff, chairman of Belmont Resources. "With uranium mineralization validated and rare-earth potential now clearly demonstrated in previously unassayed intervals, we believe the project is well positioned for the next phase of disciplined, structurally focused exploration."