Fairmount Sets off on Summer Drilling Program

Fairmount Energy Inc. announced the commencement of its five-well summer drilling program.

Drilling has commenced on the first (0.5 net) of two wells (1 net) planned for the Gold Creek area in the summer drilling program. These wells are targeting multi-zone liquid-rich gas and oil.

In addition, as part of Fairmount's strategy in exploring for oil reserves, the company plans to drill two wells (2 net) in the Chin Coulee area of southern Alberta. These wells are planned for early July as surface conditions permit. Fairmount will also drill one well (1 net) following up our January, 2008 discovery in the Thorsby area of west central Alberta.