/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
CALGARY, Oct. 21 /CNW/ - Between October 14 and 21, 2008, Mr. Robert G.
Peters purchased 1,200,000 Class A common shares of Bellamont Exploration Ltd.
("Bellamont") through the facilities of the TSX Venture Exchange. As a result,
Mr. Peters together with associates of Mr. Peters, will own and control an
aggregate of 5,200,000 Class A common shares of Bellamont or 11.65% of the
outstanding Class A common shares of Bellamont. Mr. Peters may be considered
to be acting jointly or in concert with his associates, including Black
Diamond Ventures Ltd., Mrs. Ruth Peters, Longbow Capital Limited Partnership
No. 7 and Longbow Capital Limited Partnership No. 16, under applicable
The acquisition of Class A shares was for investment purposes and each of
Mr. Peters and his associates may, from time to time, as market opportunities
exist or develop, increase or decrease their beneficial ownership, or control
and direction over, Bellamont's Class A common shares as permitted by
securities law. Mr. Peters may in the future take such actions in respect of
his holdings as he may deem appropriate in light of the circumstances then
existing, including the purchase of additional Class A common shares or other
securities of Bellamont through open market purchases or privately negotiated
transactions, or the sale of all or a portion of his holdings in the open
market or in privately negotiated transactions to one or more purchasers.
The issuance of this news release is not an admission that an entity
named in this news release owns or controls any described securities or
is a joint actor with another named entity.
For further information:
For further information: Black Diamond Ventures Ltd., 100, 505 - 3rd
Street S.W., Calgary, Alberta, T2P 3E6, John Taylor, Chief Financial Officer,
Telephone: (403) 261-5777