Baymount Incorporated's previously announced consolidation of its common shares on a one (1) for twenty (20) basis took effect at the opening of markets
on Monday, August 16, 2010. All necessary approvals of the Consolidation have now been obtained. There will be no change to the Company's trading symbol, which will continue to be BYM.
For each twenty (20) Common Shares currently held by a Baymount shareholder, each shareholder will receive one Common Share (post-Consolidation). A letter of transmittal will be sent by mail to shareholders advising them that the Consolidation has taken effect and instructing them to surrender the certificates evidencing their Common Shares for replacement certificates representing the number of Common Shares to which they are entitled as a result of the Consolidation. Until surrendered, each certificate formerly representing Common Shares will be deemed for all purposes to represent the number of Common Shares to which the holder thereof is entitled as a result of the Consolidation.
(Baymount Incorporated)