First Mountain Exploration Ltd. announces Mr. Bill Slipp has been appointed as First Mountain's President. Mr. Slipp is a landman with over 35 years of experience in the oil and gas industry. In connection with Mr. Slipp accepting the position of President, he has resigned from his position with First Mountain as Vice-President, Business Development and Land. William Ambrose, will remain influential in the direction and day to day operations of the Company, on a full time basis, as the Chief Executive Officer and Chairman of the board of directors of the Company (the "Board of Directors").
In addition, the Board of Directors has approved the granting of an aggregate of 1,250,000 incentive stock options (the "Options") to certain employees and consultants of the Company, subject to regulatory and TSX Venture Exchange approval. The Options were issued with an exercise price of $0.09 per share.