October 29, 2012 at 16:05 PM EDT
Beaumont Select Corporations Inc (BMN.A) Records Loss of 1 Cent Per Share For 2011-2012 Year

CALGARY, ALBERTA--(Marketwire - Oct. 29, 2012) - Beaumont Select Corporations Inc (TSX VENTURE:BMN.A) recently released its fourth quarter and full year results. Net loss for the year was $195 thousand (1 cent per share) compared to a profit of $1.158 million (7 cents per share) during the prior year.

FINANCIAL HIGHLIGHTS

The Corporation's financial results for the twelve months ended June 30, 2012 and comparisons to the same period from the previous fiscal year include the following:

- While the TSX composite index declined 12% during the year, the Corporation's portfolio of equity investments increased 6%.

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Changes to the portfolio of equity securities: ($ millions)

June 30, 2012 June 30, 2011 Twelve Month Change

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Portfolio value $ 17.310 $ 22.363 (22.6%)

Margin Loan 6.035 11.739 (48.6%)

Equity in Portfolio 11.275 10.624 6%

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- Sales in the Food Division decreased by 1.2% during the year compared to 2010-11.

- Operating margin decreased to 0.85% of sales from 4.9% the year before, largely because of increases in input costs.

- The Investment Division produced $1.107 million in unrealized gains, and realized a loss of $615 thousand on its portfolio of equity securities.

- Net loss for the year to the shareholders of the corporation was $163 thousand (1 cent per share).

/T/

Financial Highlights

(in thousands of dollars except share and per share information)

Three Months Ended Twelve Months Ended

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Jun 2012 Jun 2011 Jun 2012 Jun 2011

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Net Revenues $ 4,506 $ 3,887 $ 18,249 $ 18,470

Operating margin 121 (55) 155 911

Net Income (Loss) (192) (2,853) (195) 1,158

Net Income (Loss) per share -basic (0.01) (0.18) (0.01) 0.07

EBITDA from continuing operations (196) (2,848) 928 2,701

EBITDA per share - basic (0.01) (0.18) 0.06 0.17

EBITDA per share - diluted (0.01) (0.18) 0.06 0.17

as at

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Jun 2012 Jun 2011

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Total Assets 34,898 40,503

Total Long-Term Debt 7 16

Shareholder's Equity 21,474 21,693

Shares outstanding 16,171,597 16,215,597

/T/

As of October 24, 2012 the total market value of the portfolio of investments has increased to $23.655 million from its June 30th, 2012 position, and the margin loans have increased to $10.641 million, resulting in an increase in the equity portion of the portfolio to $13.014 million. This represents a gain of 15.4% since the fiscal year end, compared to the TSX composite index increase of 5.2% since the end of the fiscal year.

Beaumont Select Corporations Inc is management and investment corporation with investments in the food industry, as well as a portfolio of equity securities. Beaumont Select is listed on the TSX Venture exchange under the ticker symbol BMN.A.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

Contact:

Beaumont Select Corporations Inc.

Winston Ho Fatt

Chief Executive Officer and President

(403) 250-8757

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