Thousands signed a petition calling for leniency for the men but this was ignored by Upper Canadian leaders. Lount’s last words have gone down in history. “Be of good courage boys, I am not ashamed of anything I've done, I trust in God, and I'm going to die like a man,” he said moments before his death.

In the early 1990s a plaque was erected in Lount’s honour near what had been his farm in Pickering, Ontario. It reads:

“Peter Matthews farmed the lands immediately northeast of here in the early nineteenth century. On December 2, 1837, neighbours asked him to lead men from the area to join an uprising against the government in Toronto planned by William Lyon Mackenzie. Matthews supported democratic reforms, was popular in his community, and had served in the War of 1812. He agreed to the request and played a leading role in the confused events of the Rebellion of 1837. When the rebellion failed, Matthews was captured by government militia. Authorities decided to make an example of Matthews and another prominent rebel, Samuel Lount. Convicted of treason and publicly hanged they became martyrs of the rebellion whose memory would be invoked by reformers for generations to come.”

Lount is also honoured with a historical plaque, his being erected near his farm at Holland Landing. It reads:

“A martyr of the Rebellion of 1837, Pennsylvania-born Samuel Lount farmed and operated a smithy near Holland Landing. He was generous with help and advice to new settlers, and from 1834 to 1836 sat as a reformer in the Legislative Assembly. Hoping to expedite social and political change, Lount agreed to command forces in William Lyon Mackenzie's uprising against the government. When the rebels were soundly defeated on December 7, 1837, Lount attempted to flee the country. He was captured weeks later and convicted of treason along with another prominent rebel, Peter Matthews. Disregarding petitions for pardon bearing thousands of signatures, the authorities hanged the two men at Toronto on April 12, 1838.”