Abstract: A tool mounting assembly for removably mounting and positioning a tool such as a flashlight which includes a base member with a raised shoulder thereon formed generally concentrically around a hole therethrough, a tool clip member for removably mounting the tool which also includes a raised shoulder thereon generally concentrically of a hole therethrough with the base member and the tool clip member positioned so that the holes are coaxially aligned and the raised shoulders are facing each other, a compression coil spring positioned between the two members and maintained generally concentrically of the holes by the raised shoulders, and a fastener rotatably extending through the holes and engaging both of the members so that the fastener limits the movement of the members away from each other at a distance which is less than the uncompressed length of the coil spring so that the coil spring resiliently forces the two members into frictional engagement with the fastener whereby the relative rotational position