Fairmont Final Permit for Buttercup Project Received

Certificate of Authorization - Seite 2

Fairmont Resources received unsolicited and unanimous support from the Counselors of the Municipality of St-David-De-Falardeau in November of 2014, and would like to thank the local Community and Counselors for their support and encouragement to move the Buttercup Project forward. To see a copy of the resolution, please follow this link: http://goo.gl/HDRe8v

Field work on the property has ended for 2014, and tree clears over Lens A and Lens B has been completed. Additional laboratory analysis 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 here: http://goo.gl/PwEmp2

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 deep water port at the Grand Anse Sea Terminal is open year round, and 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 to [e-mail].

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 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 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.

Fairmont Resources Inc.
Michael A. Dehn
President and CEO
647-477-2382
[e-mail]