Mr. Michael Dehn reports

FAIRMONT FINAL PERMIT FOR BUTTERCUP PROJECT RECEIVED: CERTIFICATE OF AUTHORIZATION

Fairmont Resources Inc. has received the certificate of authorization for the Buttercup project. The application for the certificate of authorization began in March, 2014, less than six weeks after closing the acquisition of the Buttercup project.

Through the combined efforts of Magnor Exploration Inc., Vital Consultants and WSP Inc., as well the other contractors that have completed work on the property and the prospectors the company acquired the property from, Fairmont has concluded permitting in under 10 months.

The certificate of authorization allows 300,000 tonnes annually of aggregate production from the property. The current plan is to produce titano-magnetite aggregate from lens A, and quarry toward lens B thereafter. Pursuant to the certificate of authorization, the company's plan is to extract 300,000 tonnes per year of titano-magnetite aggregate from the Buttercup property.

The commencement of production on the Buttercup property will not be based on a National Instrument 43-101 mineral resource or reserve estimate, a preliminary economic assessment, prefeasibility study or feasibility study. As a result, there is no assurance that Fairmont will be able to economically extract the titano-magnetite aggregate from the Buttercup property. The commencement of production on the Buttercup property is subject to Fairmont obtaining sales contracts for the purchase of titano-magnetite aggregate and sufficient financing.

"We are very pleased to have received our permit less than 12 months after acquiring the Buttercup property. Fairmont's goal is to put one project into production per year, and our current plans focus on permitting a high-purity-silica project in 2015," stated Michael Dehn, Fairmont's president and chief executive officer. "We will try to secure commitments for 300,000 tonnes of annual production, as permitted under the certificate of authorization, from the Buttercup project between now and the end of March, 2015, and expect to be active on the ground at Buttercup by late April, 2015, to early May, 2015." A copy of the general site plan for engineers to monitor surface water, the lens, access, as well as existing and planned infrastructure, is available on the company's website.

Fairmont Resources received unsolicited and unanimous support from the counsellors of the Municipality of St-David-De-Falardeau in November, 2014, and would like to thank the local community and counsellors for their support and encouragement to move the Buttercup project forward. To see a copy of the resolution, please visit the company's website.

Fieldwork on the property has ended for 2014, and tree clearing over lens A and lens B has been completed. Additional laboratory analyses of anorthosite samples, the host rock of the titano-magnetite lens, are being investigated for suitability as aggregate and building material. Additional test work is anticipated for the application of the anorthosite as a dimensional stone in 2015. A year in review in photos for the Buttercup project can be viewed on the company's website.

Interested cement and aggregate companies looking for a clean, high-density aggregate that can be shipped through the Great Lakes or the Atlantic Ocean are encouraged to contact the company. The deepwater port at the Grand Anse Sea terminal is open year-round and is an ideal location to ship aggregates from the Buttercup project.

Fairmont Resources is also accepting property submissions for industrial minerals deposits in Canada that have a resource and are close to infrastructure. Submissions can be sent by e-mail.

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