BELLAMONT EXPLORATION LTD. ANNOUNCES GRANT OF STOCK OPTIONS

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./

CALGARY, Aug. 30 /CNW/ - Bellamont Exploration Ltd. ("Bellamont" or the "Corporation") (TSXV: BMX.A, BMX.B) is pleased to announce it has granted stock options to the newest member of its board of directors. Mr. Ian Fergusson has been granted 300,000 stock options. The options have an exercise price of $0.55 per share, equal to the closing price of Bellamont's Class A shares on August 30, 2010.

Bellamont is an oil and gas company focused on the acquisition, exploration, development and production of oil and natural gas in western Canada and trades on the TSX Venture Exchange under the symbols "BMX.A" and "BMX.B". The Corporation has 140,787,690 Class A shares and 1,012,000 Class B shares outstanding.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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For further information: Steve Moran, President and Chief Executive Officer, [phone]; or Tavis Carlson, Vice President, Finance and Chief Financial Officer, [phone], 1208, 250 - 2nd Street S.W., Calgary, Alberta, T2T 5S8, Email: [email protected], www.bellamont.com