FOR IMMEDIATE RELEASE

Juneau, Alaska—The Goldbelt, Inc. Board of Directors met
this past weekend and voted to approve a shareholder dividend.
The distribution, which will amount to $2.75 per share, will be
mailed on or by December 14, 2009. This is the third consecutive
year that the board has approved a shareholder dividend. The
record date for this distribution is December 1, 2009.

“Despite the country’s current economic downturn,
the board is pleased to be able to provide a dividend to its
shareholders,” said Joseph Kahklen, Chairman of the Board.
“Moving forward into the next year, we will continue to
seek new opportunities of growth for the corporation.”

Headquartered in Juneau, Goldbelt, Inc. has more than 3,200
shareholders and was established under the Alaska Native Claims
settlement Act.

For more information, please contact Lisa-Marie Polk,
Communications/Marketing Specialist at (907) 790-1445.

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