Mr. William Slipp reports

FIRST MOUNTAIN EXPLORATION INC. ANNOUNCES FILING OF FIRST QUARTER FINANCIAL RESULTS

First Mountain Exploration Inc. has released its financial results for its first quarter ended March 31, 2015. The unaudited condensed interim financial statements and management's discussion and analysis (MD&A) have been filed on SEDAR.

Financial overview

Certain selected financial and operational information for the quarter ended March 31, 2015, is set out herein and should be read in conjunction with the corporation's unaudited condensed interim financial statements and related MD&A. The accompanying table provides a summary of key financial results for the three months ended March 31, 2015, and 2014.

                                                 Three months ended March 31,
                                                       2015             2014
Financial
Oil and gas sales                                $   15,592      $   200,942
Funds used in operations                             67,912          144,320
Net loss and comprehensive loss                      92,345          157,692
Capital expenditures                                 76,104          485,354
Working capital                                     546,695          690,969
Operating
Average daily production
Oil (bbl/d)                                               3               16
Natural gas liquids (bbl/d)                               1                4
Natural gas (mcf/d)                                      10               84
Total (boe/d)                                             5               34
Netback ($/boe)
Oil and gas sales                                     34.04            66.32
Royalties                                             (3.20)           (4.68)
Operating expenses                                   (28.50)          (50.07)
Transportation expenses                               (9.02)           (3.03)
Operating netback ($/boe)                             (6.68)            8.54

We seek Safe Harbor.