First Mountain Exploration Ltd. Announces Completion of Sale of Assets

CALGARY, ALBERTA--(Marketwired - July 23, 2014) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

First Mountain Exploration Ltd. ("First Mountain" or the "Corporation") (TSX VENTURE:FMX) announces that it has completed an arm's length transaction pursuant to a purchase and sale agreement between the Corporation and an oil and gas producing company whereby the Corporation has divested of certain petroleum and natural gas leases located in the Atlee Buffalo area of Alberta for an aggregate purchase price of CDN$510,000 as previously announced on June 26, 2014.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.