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Fairmont Resources Inc.

11:45 AM EST - Fairmont Resources Inc. : announced that it has signed a binding Letter of Intent with two prospectors to acquire a 100% Interest in the Buttercup Property. In consideration of the right to negotiate a definitive agreement, Fairmont has agreed to pay up to $50,000 of certain professional service and government fees related to the Property. Fairmont Resources Inc. shares V.FMR are trading unchanged at $0.05.