Brookmount Explorations Inc.: Extension of Closing

LOS ANGELES, CA--(Marketwired - Aug 23, 2017) - Brookmount Explorations Inc. (OTC PINK: BMXI), a U.S. exploration and development company, announces that further to the news release of July 31, 2017, both parties have mutually agreed to extend the closing date of the US license agreement for DilBoost to September 15, 2017 to allow more time for completion of the required documentations.

DilBoost is a proprietary blend of light hydrocarbons that is licensed globally by RHOR Barbados Inc., an oil services company. DilBoost, which is a cold process, is added to heavy crude and extra heavy oil, prior to refining, and enables oil producers to reach pipeline specifications at a lower cost. In fact, DilBoost is a more efficient and cost effective product than other diluents and drag reducing agents being used today.

Forward-Looking Statements

Except for the historical information contained herein, certain of the matters discussed in this communication constitute "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995. Words such as "may," "might," "will," "should," "could," "anticipate," "estimate," "expect," "predict," "project," "future," "potential," "intend," "seek to," "plan," "assume," "believe," "target," "forecast," "goal," "objective," "continue" or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding benefits of the proposed license, expected synergies, anticipated future financial and operating performance and results, including estimates of growth. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. For example, the expected timing and likelihood of completion of the pending transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending transaction that could reduce anticipated benefits or cause the parties to abandon the transaction, the ability to successfully integrate the businesses, the occurrence of any event, change or other circumstance that could give rise to the termination of the negotiations, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Brookmount's common stock. All such factors are difficult to predict and are beyond our control. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this report, except as required by applicable law or regulations.