First Mountain Exploration Inc. Announces Amended Private Placement

CALGARY, ALBERTA--(Marketwired - Oct. 16, 2014) -

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

First Mountain Exploration Inc. ("First Mountain" or the "Company") (TSX VENTURE:FMX) announces that it has amended the terms and conditions of its previously announced non-brokered equity private placement (the "Offering"). The Offering will consist of the issuance of up to 16,500,000 common shares (the "Common Shares") of the Corporation at a price of $0.05 per Common Share and for aggregate gross proceeds up to $825,000.

The net proceeds of the Offering shall be primarily used for the Company's general corporate purposes.

Closing of the Offering is expected to occur on or about October 20, 2014 and is subject to certain conditions including, but not limited to, necessary regulatory approvals, including the approval of the TSX Venture Exchange Inc.

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

Warning

The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of any offer to buy nor will there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such province, state or jurisdiction.