Bellamont announces conversion of Class B Shares

    




 /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, Dec. 7, 2011 /CNW/ - Bellamont Exploration Ltd. ("Bellamont")    is pleased to announce that effective December  14, 2011 the Class B Shares will be converted into Class A Shares in  accordance with the terms and provisions of the articles of  amalgamation of Bellamont (the "Articles").  There are currently  1,012,000 Class B Shares and 141,442,699 Class A Shares issued and  outstanding.  The Class B Shares are listed for trading on the TSX  Venture Exchange (the "TSXV"). 

 The holders of Class B Shares of record as of close of business on  December 14, 2011 will be entitled to receive for each Class B Share  that number of Class A Shares equal to the number obtained by dividing  $10.00 by $1.00.  Accordingly, the conversion of the Class B Shares  will result in the issuance of 10 Class A Shares for every 1 Class B  Shares, resulting in an aggregate of 10,120,000 Class A Shares to be  issued upon conversion.  No fractional Class A Shares will be issued  pursuant to the conversion.  Where a holder of Class B Shares would  otherwise be entitled to a fractional Class A Share, the number of  Class A Shares issued to such holder shall be rounded up to the next  greater whole number of Class A Shares, provided that all Class B  Shares held by a beneficial holder shall be aggregated prior to such  rounding-up. 

 Upon the completion of the conversion, there will be no Class B Shares  outstanding and the Class B Shares will be de-listed from the TSXV. 

 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. 

Bellamont Exploration Ltd.


CONTACT:  Steve Moran, President and Chief Executive Officer, [phone]; orTavis Carlson, Vice President Finance and Chief Financial Officer,(403) 802-01171208, 250- 2nd Street S.W. Calgary, Alberta T2P 0C1Email: [e-mail] 


    

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