Fairmont Intersects 2.00 g/t Over 8.00 Meters at Marmion South Property

Fairmont Resources Inc. (TSX VENTURE:FMR) ("Fairmont") is pleased to announce
results from its spring 2012 drill program on the Marmion South property,
located east of Atikokan, Ontario, and contiguous with Osisko Mining Corp.'s
Hammond Reef property. Fairmont drilled a total of 1,400m in 10 holes, results
of which are tabulated in Table. 1 below.




Highlights Include:                                                         
                                                                            
2.00 g/t over 8.00 meters, from 76.00 to 84.00 meters, including 3.27 g/t   
over 3.00 metres in hole FA-MAR-12-004                                      
1.37 g/t over 10.80 meters from 81.80 meters to 92.60 meters, including     
3.10g/t over 1.90 meters in hole FA-MAR-12-002                              
3.02 g/t over 2.00 meters from 105.00-106.00 meters in hole FA-MAR-12-006   



The program focused on the historic Olcott gold occurrence, located in the
southern portion of the property, which has returned up to 5.41 g/t gold over
6.16 metres and 1.85 g/t over gold 19.20 metres in historic drilling during the
1980s and 1990s. The greenstone-hosted Olcott occurrence is located at the
intersection of an east-west-trending structure parallel to the regional Quetico
fault and a northeast-trending structure similar to the one that hosts the
Hammond Reef deposit. This occurrence has been the focus of historical trenching
and limited drill programs in the 1980s and 1990s and is a classic quartz
vein/shear-hosted gold system. 


The Olcott occurrence is just one of several gold occurrences hosted within the
Sapawe Lake greenstone belt, the most notable of which is the former
Sapawe-Atiko mine. The Sapawe-Atiko mine, located less than 300m from the
eastern boundary of the Marmion South property, produced 4,900 oz ounces of gold
at a grade of 4.56 g/t from 1963 to 1966. These gold occurrences are hosted
within an east-west corridor; sub parallel to the Quetico fault, the Marmion
South Property covers over 8 km of this highly prospective corridor. 


Planning is also underway for an extensive summer prospecting, mapping and soil
sampling program to ground truth several key northeast trends and anomalies
within the Marmion batholith in the central and northern part of the property
identified by the 2011 airborne geophysical survey (see press release March 6th
2012). Osisko's Hammond Reef deposit is controlled by the northeast-trending
Marmion shear; numerous historic gold occurrences in the Marmion batholith are
associated with similar northeast structures. 




Table 1: Drilling Results                                                   
                                                                            
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                            From       To    Width     Au                   
Hole ID            Zone (metres) (metres) (metres)  (g/t)           Comments
----------------------------------------------------------------------------
FA-MAR-12-001    Olcott    26.50    32.80     6.30   1.28  Confirmation Hole
----------------------------------------------------------------------------
FA-MAR-12-002    Olcott    81.80    92.60    10.80   1.37  Confirmation Hole
              Including    85.80    91.60     5.80   1.91                   
              Including    86.70    88.60     1.90   3.10                   
----------------------------------------------------------------------------
FA-MAR-12-003    Olcott    91.00    92.00      1.0   0.22        Down Plunge
                   Zone    177.7   178.00     0.30   0.17     Extension Hole
----------------------------------------------------------------------------
FA-MAR-12-004    Olcott    76.00    84.00     8.00   2.00  Confirmation Hole
              Including    81.00    84.00     3.00   3.27                   
----------------------------------------------------------------------------
FA-MAR-12-005    Olcott    96.00   101.00     5.00   0.58        Down Plunge
                                                              Extension hole
----------------------------------------------------------------------------
FA-MAR-12-006    Olcott   102.00   115.70    13.70   0.58        Down Plunge
                 Olcott   105.00   107.00     2.00   3.02     Extension Hole
----------------------------------------------------------------------------
FA-MAR-12-007    Olcott   150.60   168.00    17.40   0.21        Down Plunge
              Including   157.40   159.80     2.40   0.52     Extension hole
----------------------------------------------------------------------------
FA-MAR-12-008    Olcott     8.40     9.70     1.30   0.95          Northeast
              Including     9.00     9.70     0.70   1.58     Extension Hole
----------------------------------------------------------------------------
FA-MAR-12-009  Regional       No Significant Assays                         
                 Target                                                     
----------------------------------------------------------------------------
FA-MAR-12-010  Regional       No Significant Assays                         
                 Target                                                     
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Note: Reported widths are drilled core lengths; true widths are unknown at  
this time. All assays are performed by Accurassay Laboratories of Thunder   
Bay, Ontario. All assays reported are uncut.                                



QA/QC Procedures

Fairmont has implemented a rigorous quality assurance / quality control (QA/QC)
program to ensure best practices in sampling and analysis of the drill core.
Blanks, standards (one high-grade, one mid-grade, and one low-grade), field
duplicates (1/4 split cores), and crush duplicates are inserted sequentially at
least every 20th sample into the drill core samples before shipment. Standards
are from Geostats Pty. Ltd. of Fremantle, Western Australia and blanks from
Nelson Granite of Kenora, Ontario.


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. 




On behalf of the Board of Directors of Fairmont                             
                                                                            
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
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that all forward looking statements are inherently uncertain and that actual
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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,
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Fairmont undertakes no obligation to publicly update or revise forward-looking
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