BELLAMONT EXPLORATION LTD. ANNOUNCES GRANT OF STOCK OPTIONS

/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.

SOURCE Bellamont Exploration Ltd.

For further information:

Steve Moran, President and Chief Executive Officer, (403) 802-1355; or
Tavis Carlson, Vice President Finance and Chief Financial Officer
1208, 250- 2nd Street S.W. Calgary, Alberta T2P 0C1
Email: info@bellamont.com
www.bellamont.com

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Bellamont Exploration Ltd.

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