Fairmont Resources Inc.
TSX VENTURE : FMR

Fairmont Resources Inc.

June 01, 2015 22:02 ET

Fairmont Announces Option Payment on Lac Bouchette Property

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 1, 2015) - Fairmont Resources Inc. (TSX VENTURE:FMR) ("Fairmont") announces that it proposes to settle a $50,000 option payment due under an option agreement to acquire a 100% interest, subject to a production royalty, in the Lac Bouchette Quartz Property through the issuance of 263,158 shares at a price of $0.19 per share. The terms of the option agreement to acquire the Lac Bouchette Quartz Property are set out in a news release dated October 28, 2014.

The share issuance is subject to the approval of the TSX Venture Exchange.

The Lac Bouchette Quarter Property, consisting of eight mineral claims totaling 435 hectares, is located 15 kilometres south of Lac St-Jean, and less than 100 km from the Port Alfred and less than 100km the Grand Anse Sea Terminal.

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Fairmont cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Fairmont's control. Such factors include, among other things: risks and uncertainties relating to Fairmont's limited operating history. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Fairmont undertakes no obligation to publicly update or revise forward-looking information.

NEITHER 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.

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