Update on the Grabasa Acquisition by Fairmont Resources (TSXV:FMR) - FAQ answered

There have been some questions from potential investors on the Grabasa Spanish Granite Project.  Here are some bullets to answer the most common questions:

FMR expects 2m euros sales ($3m CDN) in 2nd half 2016, rising to 4m euros ($6m CDN) in 2017, increasing to 6m+ euros ($9m+ CDN by 2018).

for more information please visit the company's website www.fairmontresources.ca

 Videos of the operations:

Deal Highlights:

Fairmont signs agreement to acquire major Dimension Stone producer in Spain and restart operations.

• Fully operational processing and finishing facility

• 250,000 square metres of annual production capacity

• 23 premium quality granite quarry licenses

• Operational fleet of mining and quarrying equipment

• 18 of the 23 mining licenses are within 8 kilometres of the processing plant, with the remaining five being within 20 kilometres.

• The ISO 9001:2008 certified processing facility is state of the art with over €2.2 million of new cutting and polishing equipment purchased by Grabasa as part of a production expansion between 2008 and 2010

• In business from 1975 to 2011, the extraction and transformation of granite by Grabasa has been a main driver of economic activity in the Extremadura region of Spain.

• Last 5 years production average 6,344,024 €

• Annual Gross operating margin: 30%

• Fairmont expects to increase margins to 40% by optimization of staff and equipment

• Sales can be increased by targeting North American and Asian Markets

• Total acquisition cost of €4.275 million

• Finished Inventory Ready for Sale

If you have any additional questions, please do not hesitate to contact me:

Michael Dehn, President, CEO and Director

[email protected]

647-477-2382

Forward-Looking Statements

Information set forth here contains forward-looking statements that are based on assumptions as of the date of publishing. 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 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.