Fairmont Resources Inc.
TSX VENTURE : FMR
PINKSHEETS : FRSSF
FRANKFURT : F0O1

Fairmont Resources Inc.

May 15, 2014 09:25 ET

Fairmont Receives Permission from Hydro-Quebec to Operate Within Power-Line Corridor

- Permission granted for access Hydro Quebec road at BEX 1270 (Buttercup Lease)

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 15, 2014) - Fairmont Resources Inc. (TSX VENTURE:FMR)(PINKSHEETS:FRSSF)(FRANKFURT:F0O1) ("Fairmont") is pleased to announce it has received permission from Hydro Quebec to access roads and the Power-Line Corridor in proximity to the Power Line and Transmission Towers (see Map 1).

Fairmont has agreed to (but not limited to):

  • refrain from doing any act that can be detrimental to the facilities (Transmission Towers and Power Lines) located on the premises or nearby.
  • obtain any required permit of any authority municipal, provincial or federal, and follow all municipal regulations or laws in force.
  • notify a representative of the technical services of the Hydro Quebec five (5) working days before the date of the commencement of the work, obtain and observe the safety instructions and methods of work for quarries near power lines.
  • obtain general liability insurance for a minimum $2 million of coverage.

Fairmont acquired the Buttercup property with an Exclusive Lease to Mine Surface Mineral Substances, BEX 1270, which covers a surface area of 15.3 hectares.

Map 1 - Location of BEX 1270 in Relation to Hydro Quebec Power-Line Corridor http://fairmontresources.ca/pdf/20140515MAP1.pdf

Fairmont's Quebec properties cover numerous occurrences of high-grade titaniferous magnetite with vanadium. Where these occurrences have been tested they have display exceptional uniformity with respect to grade. These occurrences are of considerable interest due to their proximity to tide water, with the Grand Anse Sea Terminal at the Port of Saguenay located within 100km of all of Fairmont's properties.

For more information please contact

Michael A. Dehn, President and CEO, Fairmont Resources Inc.

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 exploration program of its mineral properties, Fairmont's ability to complete the private placement financing and 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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