Beaumont Select Corporations Inc. Announces Third Quarter Financial Results

Beaumont Select Corporations Inc. ("Beaumont") (TSX VENTURE:BMN.A) reported
today its financial results for the fiscal third quarter ended March 31, 2009.


The third quarter marked a return to a positive financial direction for the
Corporation, as all divisions showed improvement.


FINANCIAL HIGHLIGHTS

The Corporation's financial results for the three and nine months ended March
31, 2009 compared to the same period in the previous fiscal year included the
following:


- Investment losses and disposition of securities materially reduced the size of
the Corporation's portfolio of investments with the following impacts:




                                      Dec 31,   3 mo.                  9 mo.
$ millions           Mar 31, 2009       2008  Change   Jun 30, 2008  Change
                    --------------------------------------------------------
Portfolio value             $5.66  $    4.97    14.1%        $29.94   -81.1%
Margin Loan                  1.95       1.70    14.6%         16.70   -88.3%
Equity in Portfolio          3.71       3.26    13.8%         13.24   -72.0%



The Corporation's equity in the investment portfolio has gained $344 thousand or
10.6% during the latest quarter (on top of $100 thousand of cash added to the
investment portfolio), while during the same time the TSX Composite index
declined 3%.


- Sales increased by 7.6% in the third quarter compared to the third quarter
2007-8. Year to date, sales have increased 9.1% compared to first nine months of
the previous fiscal year.


- Operating margin has increased to 9.2% from 6.5% for the third quarter, and to
7.9% year to date compared to 4.2% last year.


- Year to date the Corporation has paid down $4.613 million in long term debt,
including $3.832 million in the third quarter.


- The working capital ratio improved to 1.6:1 from 1.55:1 at the beginning of
the fiscal year and 1.24:1 at the beginning of the third quarter


- The Corporation recorded a gain of $3.359 million from the sale of its Calgary
building.


- Net income increased to $2.295 million for the third quarter (compared to a
$4.562 loss in the third quarter 2007-8), reducing the loss year to date to
$6.383 million compared to a loss last year for the first nine months

of 2007-8 of $9.068 million.



Financial Highlights (unaudited)
(in thousands of dollars except share
and per share information)
                                     Three Months Ended   Nine Months Ended
----------------------------------------------------------------------------
                                     Mar 2009  Mar 2008  Mar 2009  Mar 2008
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Net Sales                              $5,419    $5,038   $15,851   $14,530
Operating Income (Loss)                    24      (150)     (311)   (1,468)
Net Income (Loss)                       2,295    (4,562)   (6,383)   (9,068)
Net Income (Loss) per share -basic       0.14     (0.27)    (0.38)    (0.54)
Net Income (Loss) per share -diluted     0.14     (0.27)    (0.38)    (0.54)
Funds from (required by) Operations       120       133       602      (453)
Funds from operations per share -
 basic                                   0.01     (0.01)     0.04     (0.03)
Funds from operations per share -
 diluted                                 0.01     (0.01)     0.03     (0.03)
EBITDA                                  3,387    (3,053)   (5,783)   (5,861)
EBITDA per share - basic                 0.20     (0.34)    (0.33)    (0.35)
EBITDA per share - diluted               0.20     (0.34)    (0.32)    (0.35)

                                                   as at
                                  -----------------------
                                     Mar 2009   Mar 2008
                                  -----------------------
                                  -----------------------
Total Assets                           24,125     48,601
Total Long-Term Debt                    1,979      9,392
Shareholder's Equity                   15,316     17,314
Shares outstanding                 16,707,097 16,867,097

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ADDITIONAL INFORMATION

The complete Third Quarter Report, including the unaudited financial statements
and Management's Discussion and Analysis, together with other information on
Beaumont, is available at www.sedar.com.


Beaumont Select Corporations Inc. is a management and investment corporation,
which has investments in a portfolio of equity securities and the food
processing and real estate industries. Beaumont charges fees and interest on its
investments to its subsidiary companies.