Toronto, Ontario – Baymount Incorporated (the "Company" or "Baymount") (TSX-V: BYM) is pleased to report that each of the matters placed before the shareholders of the Corporation at the Annual and Special Meeting held on June 6, 2008 (the "Meeting") received the unanimous approval of all votes cast.

An aggregate of 42,756,739 shares were represented at the meeting either in person or by proxy, representing approximately 31% of the issued and outstanding common shares of the Company.

Mr. Graham Simmonds, President and CEO of Baymount stated, “Management appreciates the shareholder support they have received throughout the extensive pre construction phase of our Quinte development. We are delighted that we will soon be able to provide our shareholders with frequent updates on our progress as we enter the construction phase of this process.”

In addition to the existing members, Mr. Pierre G Gagnon, a significant shareholder of the Company, was also elected to the Board of Directors subject to regulatory approval. Mr. Gagnon is an Associate of the Institute of Canadian Bankers and is the chair of Copernicus Educational Products Inc. and OO Lab Inc. He is a director of publicly listed Tangarine Concepts Corporation, and Award Capital Corp. as well as a number of private companies. Mr. Gagnon is currently the president of Chancery Investments Inc., an investment company.

About Baymount

Baymount seeks out and develops opportunities within the horseracing industry. It is the Baymount philosophy to create entertainment destinations for consumers while providing our investors with a vehicle that allows them to participate in the growth of Canadian gaming at racetracks.

Baymount's wholly-owned subsidiary Belleville Racetrack Development Corporation ("BRDC") has an agreement with the Belleville Agricultural Society to build a facility to relocate the Quinte Exhibition and Raceway in Belleville, Ontario. QER is one of the 18 racetrack licenses in Ontario eligible to participate in Ontario's Slots-at-Racetracks program. In 2006, the Alcohol and Gaming Commission of Ontario found BRDC suitable to act as Landlord for the proposed OLG gaming premises to be located at the new QER. The Company has also received Preliminary Approval for a License to Operate a Racetrack from the Ontario Racing Commission.


ON BEHALF OF BAYMOUNT INCORPORATED

Graham Simmonds, President & Chief Executive Officer

For additional information please visit the company's website at www.bym.ca.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Forward-looking Statements

This press release contains certain forward-looking statements with respect to the Company. These forward-looking statements, by their nature, involve risks and uncertainties that could cause actual results to differ materially from those contemplated. We consider the assumptions on which these forward-looking statements are based to be reasonable, but caution the reader that these assumptions regarding future events, many of which are beyond our control, may ultimately prove to be incorrect.

For further information please contact:

Baymount Incorporated:

Mr. Graham Simmonds
President and Chief Executive Officer
416-979-2881 Ext.223
graham@bym.ca