Beaumont Select Corporations Inc. Completes Sale of Food Products Assets in British Columbia

Beaumont Select Corporations Inc. ("Beaumont") (TSX VENTURE:BMN.A) announced
today as part of its restructuring efforts that it completed the sale, through
its wholly owned subsidiary Mrs. Willman's Baking Limited ("Mrs. Willman's"), of
its food products assets in British Columbia and its related business to a third
party purchaser. Mrs. Willman's business in British Columbia consisted of the
production, wholesale and distribution of food products. The purchase price for
the assets was $1,300,000, subject to working capital adjustments, paid in cash
and by way of an interest bearing promissory note in the principal amount of
$300,000. Mrs. Willman's also received a 2.5% royalty on net sales of the
product line to existing customers for a period of 10 years from the closing
date. The royalty is payable annually and will cease once aggregate payments
reach $700,000.


Beaumont is a management corporation, which manages investments in the food
processing and real estate industries as well as in a portfolio of marketable
securities. Beaumont's Class A common shares trade on the TSX Venture Exchange
under the symbol "BMN".