More mineralization at Belahouro (July 20, 2006)

In a drilling program designed to expand the known resource on the Belahouro property in northern Burkina Faso, Goldbelt Resources (GLD-T) has intersected extensions of mineralization on both the Inata North and Sayouba zones.

Drilling along a 1,400-metre strike length at the Inata North deposit intersected mineralization with grades mainly in the 2-gram to 4-gram range, over drilled lengths of 3 to 16 metres. Several wider intersections, 20 to 54 metres long, showed similar grades.

The widest intersection graded 4.6 grams per tonne over 54 metres, and there were several higher-grade intersections including 5 metres grading 20.4 grams per tonne and 14 metres grading 9.4 grams.

Two holes on the Sayouba deposit intersected gold mineralization, including a 6-metre interval that ran 3.1 grams per tonne.

Inata has 15 million tonnes grading 1.9 grams gold per tonne in measured and indicated resources. Another 622,000 tonnes of measured and indicated resources, grading 1.3 grams, are at a second deposit, Minfo. Inata, Minfo and Sayouba have altogether about 4 million more tonnes of inferred resources grading 1.5 grams per tonne.

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