BELLAMONT EXPLORATION LTD. ANNOUNCES GRANT OF STOCK OPTIONS

CALGARY, Feb. 2 /CNW/ -- 
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
 THE UNITED STATES/


CALGARY, Feb. 2 /CNW/ - Bellamont Exploration Ltd. ("Bellamont" or the
 "Corporation") (TSXV: BMX.A, BMX.B) is pleased to announce it has
 granted stock options to one member of its board of directors.  Mr. Ian
 Fergusson has been granted 175,000 stock options.  The options have an
 exercise price of $0.61 per share, equal to the closing price of
 Bellamont's Class A shares on February 1, 2011.


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 140,787,699 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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pSteve Moran, President and Chief Executive Officer, [phone]; orbr/ Tavis Carlson, Vice President Finance and Chief Financial Officerbr/ 1208, 250- 2supnd/sup Street S.W. Calgary, Alberta T2P 0C1br/ Email: a href="mailto:[e-mail]"[e-mail]/abr/ a href="http://www.bellamont.com" font-weight="bold"www.bellamont.com/a/p

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