FMR Fairmont Resources (delisted)

Fairmont Resources Inc. (TSX VENTURE:FMR) ("Fairmont" or the "Company") is
pleased to announce that the Company has begun a reconnaissance prospecting and
soil sampling program on its Marmion South Property (the "Property"), located
near Atikokan, Ontario, and contiguous with Osisko Mining Corporation's (TSX
VENTURE:OSK) "Osisko" Hammond Reef Property. The work program will test several
key northeast trending structures with in the Marmion Batholith identified
during the 2011 airborne geophysical survey (See Press Release March 6th 2012)
in preparation for a drill program to be conducted later this fall.


The northeast-trending structures identified by the 2011 geophysical survey
correlate favourably with trends observed in Osisko's Hammond Reef property to
the north. Osisko's Hammond Reef deposit (530.6M tons at an average grade of
0.62 g/t gold for 10.5 million ounces and based on a cut off of 0.30 g/t
gold(i)) is related to the northeast-trending Marmion Shear; numerous historic
gold occurrences in the Marmion Batholith are associated with similar parallel
northeast structures.


(i)43-101 compliant global inferred resource (see Osisko press release Nov. 7 2011).

Of particular interest during this program is the southwest extension of the
northeast-trending Jack Lake-Pettigrew Shear. The high-grade, granite-hosted
Jack Lake gold deposit, located 1 kilometer north of the Property, was
discovered in 1878, saw limited production from 1899-1902, and currently hosts a
historical, non 43-101 compliant resource of 8,910 tons grading 15.53 g/t for
4,000 ounces. 


About Marmion South Property:

Fairmont has an option to acquire a 100% interest in the Marmion South Property,
which consists of 8,208 hectares and is located in the prolific Marmion
Batholith gold district near Atikokan, Ontario. The Marmion South Property is
also located south of and is contiguous with Osisko Mining Corporation's (TSX
VENTURE:OSK) Hammond Reef Property which contains a National Instrument
43-101-compliant global inferred resource of 530.6M tons at an average grade of
0.62 g/t gold for 10.5 million ounces and based on a cut off of 0.30 g/t gold.
Osisko's technical report on this resource can be viewed on SEDAR.


Neil Pettigrew, M.Sc., P.Geo., President, CEO & Director of Fairmont Resources
Inc. and the Company's Qualified Person as defined by NI 43-101, has reviewed
and approved the technical information in this press release. 


About Fairmont

Fairmont is a mineral exploration company focused on exploration and development
of its Marmion South Contact, Clay-Powell, and Houghton Creek properties all of
which are located the mining friendly jurisdiction of Ontario. 


On behalf of the Board of Directors of Fairmont



"NEIL PETTIGREW"                                                            
Neil Pettigrew, M.Sc., P.Geo.                                               
President and CEO, Fairmont Resources Corporation                           



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 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.

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