Belmont Partners responds to MinaMar Group statements

WASHINGTON, Va.--(Business Wire)--
In response to recent public claims by Miro Zecevic and the MinaMar Group that
they recently filed a lawsuit in Canada against Belmont Partners, Joseph Meuse,
the managing director of Belmont Partners today said "We were surprised and
disappointed by the recent press release issued by Miro Zecevic and MinaMar
Group, as we have not been served with the lawsuit purportedly filed in Canada.
Our legal team has been unable to either obtain a copy of the action or even
verify if a lawsuit has been filed against us. We therefore cannot respond
directly to the unfounded and inaccurate claims made by Zecevic and the MinaMar
Group. However, the press release issued by Zecevic and MinaMar on June 24 was
-- as many of their press releases are -- filled with innuendo and outright
falsehoods. We intend to vigorously defend ourselves against these claims."

Chris Dobbins, General Counsel for Belmont Partners, said "We have been engaged
in a contract dispute with Zecevic and MinaMar for the past several months. They
have breached their contractual obligations and are currently almost $500,000 in
arrears on their obligations to Belmont. In a desperate attempt to gain
advantage in that dispute, MinaMar and Zecevic issued a press release rife with
factual errors and blatant falsehoods. Our research on MinaMar`s past press
releases unfortunately reveals this to be MinaMar`s standard operating
procedure. We have today filed a demand for arbitration pursuant to the binding
arbitration clauses in our contracts with MinaMar and our contract with Mr.
Zecevic. We look forward to presenting the truth to the arbitrator and are
confident we will prevail."

Belmont Partners
Chris Dobbins
General Counsel
540-675-3149

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