HMS Bergbau AG Acquires Shares of Belmont Resources Inc.

(SeaPRwire) –   VANCOUVER, British Columbia, May 12, 2026 — HMS Bergbau AG (the “Acquiror”), a German public commodities marketing company, announces that on May 12, 2026, it acquired a total of 43,300,000 Common Shares of Belmont Resources Inc. (the “Issuer”) from three existing shareholders of the Issuer (the “Vendors”) through private agreements, for total consideration of $1,737,940 paid by the Acquiror to the Vendors. Specifically, the Acquiror purchased 18,000,000 Common Shares from ERAG Energie & Rohstoff AG PCC (“ERAG”) at a price of $0.0333 per share, 7,300,000 Common Shares from LaVo Verwaltungsgesellschaft MBH (“LaVo”) at $0.045 per share, and 18,000,000 Common Shares from Commodities and Resources Pte. Ltd. (“C&R”) at $0.045 per share.

ERAG and LaVo, two of the three Vendors, are associated parties with respect to the Acquiror.

Prior to the closing of these transactions, the Acquiror held 24,200,000 Common Shares of the Issuer; ERAG held 18,000,000 Common Shares; and LaVo held 7,300,000 Common Shares. Combined, these holdings totaled 49,500,000 Common Shares, representing approximately 37.1% of the Issuer’s issued and outstanding Common Shares. Separately, C&R held 18,000,000 Common Shares, accounting for about 13.6% of the Issuer’s issued and outstanding Common Shares.

Following completion of the purchase transactions, the Acquiror now holds 67,500,000 Common Shares of the Issuer, representing approximately 50.9% of the Issuer’s issued and outstanding Common Shares. At this time, none of ERAG, LaVo, or C&R holds any Common Shares of the Issuer.

The Common Shares were acquired by the Acquiror for business and investment purposes. Depending on market conditions and other factors, the Acquiror may choose to increase or decrease its beneficial ownership, control, or influence over the Issuer’s securities—whether via open market purchases, private agreements, or other means—subject to prevailing market conditions and available investment and business opportunities.

The Acquiror will file an Early Warning Report in accordance with National Instrument 62-103F1 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, disclosing the aforementioned transaction to the relevant securities regulatory authorities. To obtain a copy of the early warning report filed by the Acquiror, please contact the company directly at c/o Patrick Brandl at +43 664 968 7011 or visit the Issuer’s SEDAR+ profile at www.sedarplus.ca.

HMS Bergbau AG
An der Wuhlheide 232
12459 Berlin
Germany
c/o Patrick Brandl
hms@hms-ag.com