FMR Fairmont Resources (delisted)

Fairmont Resources Inc. (TSX VENTURE:FMR) ("Fairmont") is pleased to announce
that it has signed a binding Letter of Intent (LOI) with two prospectors (the
"Optionor") to acquire a 100% interest in the 435 hectare Lac Bouchette Quartz
Property (the "Property") (see map 2). The Lac Bouchette property is located 15
kilometres south of Lac St-Jean, and less than 100 km from the Port Alfred and
less than 100km the Grand Anse Sea Terminal (see map 1).


Lac Bouchette Quartz Property Property Option Agreement

To acquire 100% of the Property, Fairmont (the "Optionee") will: (i) pay to the
Optionor $50,000 in cash upon the earlier of the execution of the Definitive
Agreement and completion of the Due Diligence Period; (ii) issuing to the
Optionor 50,000 common shares on or before December 31, 2014; and (iii) paying
to the Optionor another $150,000 cash or equivalent in common shares in
installments of $50,000 on June 1, 2015, December 1, 2015 and June 1, 2016. The
Optionee shall be responsible for keeping the Property in good standing
including the filing of required assessment work and completing regulatory work
expenditures or making cash payments in lieu of work 60 days before required
under the rules of the jurisdiction. The Property shall be subject to a 20
kilometre area of interest (the "AOI"). with the exception of existing claims
held by the Optionor or Optionee, other than the Property, in AOI at the time of
signing. The Property will be subject to a $2 per tonne royalty for all ore
currently stockpiled on the property and a 2% gross royalty for any new mined
ore in favor of the Optionor.


Map 1: Lac Bouchette Quartz Property, Saguenay - Lac St-Jean, Quebec 

http://fairmontresources.ca/pdf/20140723MAP1.pdf

Map 2: Lac Bouchette Quartz Property detail, Saguenay - Lac St-Jean, Quebec 

http://fairmontresources.ca/pdf/20140723MAP2.pdf

About Fairmont

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 Quebec properties.


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. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Fairmont Resources Inc.
Michael A. Dehn
President and CEO
647-477-2382
michael@fairmontresources.ca

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