West Mountain Announces Joint Venture Framework Agreement in China

West Mountain Capital Corp. (TSX VENTURE:WMT) ("the Company") announces that it
has entered into a Joint Venture Framework Agreement (the "Framework Agreement")
with Liaoning Huafu Environmental Engineering Co. Ltd. ("Huafu"). The Framework
Agreement builds on the subcontract agreement in principal to supply Thermal
Phase Separation ("TPS") technology for the treatment of hazardous industrial
sludge in Changqing, China that the Company entered into with Huafu in September
2012.  


Pursuant to the Framework Agreement the Company and Huafu have agreed to combine
their respective strengths, resources, technologies and expertise to collaborate
in China for mutual benefit through a joint venture company (the "JV Company")
focused on hazardous industrial sludge treatment. The Framework Agreement sets
forth the terms of cooperation and will govern the strategic relationship
between the Company and Huafu until the incorporation of the JV Company. The
definitive agreement providing for the new JV Company is expected to be
finalized by March 31, 2013.  


Huafu has been contracted by a major client to design, build and operate a
hazardous industrial sludge treatment facility to service one of its processing
plants located in Changqing, China. This contract is be carried out by the JV
Company partially using the Company's TPS technology. The TPS technology will be
integrated into Huafu's sludge treatment facility and will render the hazardous
sludge produced by Huafu's pre-treatment equipment inert while extracting
hazardous organic compounds and water for reuse and recycling. The Company will
have equity in the entire business through its interest in the JV Company rather
than a subcontractor role. The Changqing contract has a 10-year term and, if
successful at the first processing plant, will be expanded to include at least
another 4 locations. 


"This is yet again another major step forward for the Company in the Chinese
environmental remediation market", said Paul Antle, President and CEO. "Huafu is
a highly respected and profitable private company based in China with a long
track record of success. We both recognize the value of being full equity
partners in a business rather than in a contractor-subcontractor arrangement and
the enormous potential for our combined resources. Huafu brings the start-up
capital, complimentary technology, contracts and contacts while PS2 brings its
TPS technology, engineering know-how and global experience". 


Construction of a small TPS unit for the Changqing project will commence
immediately. Huafa has agreed to bridge finance the Company's portion of the
construction costs. It is anticipated that this TPS unit will be in service by
the fourth quarter of 2013.  


"This application of TPS technology in a fully integrated waste treatment
facility is new for our Company and we are excited by the prospects of how this
can be expanded throughout China" said Antle.


About West Mountain: 

The Company is an established Canadian environmental solutions company
specializing in the thermal treatment of a variety of hazardous and
non-hazardous waste streams. It employs a unique indirectly heated, closed loop
technology that allows it to extract even the most hazardous contaminants from
soil, industrial sludge and waste converting much of it into reusable oil and
synthetic natural gas that it uses to sustain the process. This methodology
offers significant opportunity for greenhouse gas reduction over traditional
hazardous waste destruction technologies. The Company's management team
maintains expertise in hazardous waste management and contaminated site
remediation with experience spanning North America and internationally
throughout 14 countries. 


About Huafu: 

Huafu Environmental Engineering Company is a division of the Liaoning Huafu
Group. The Company was established in 1992 specializing in R &D, consulting,
procurement, manufacturing, engineering and cooperative investment in the areas
of heavy oil recovery, wastewater treatment and energy conservation from
different industries. In addition to Huafu Environmental Engineering the group
includes Liaoning Huafu Petroleum Hi-tech Corp. Ltd, Liaoning Huafu-Andmir
Environment Equipment, Shandong Huafu Petroleum & Environmental, and the Panjin
Huafu LengJia Wastewater Treatment Plant. The Huafu Group has innovated and
developed some 300 different advanced products and technologies and hold over 51
registered patents in China for environmental equipment.


Cautionary Statement: Forward-Looking Statements 

This news release contains forward-looking statements and forward-looking
information within the meaning of applicable securities laws. The use of any of
the words "expect", "anticipate", "continue", "estimate", "objective",
"ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and
similar expressions are intended to identify forward-looking information or
statements. More particularly and without limitation, this news release contains
forward-looking statements with respect to potential operations in China and
future deployments of the TPS technology. The forward-looking statements and
information are based on certain key expectations and assumptions made by West
Mountain, including expectations and assumptions concerning the plan to be
awarded contracts to treat such material. Although West Mountain believes that
the expectations and assumptions on which such forward-looking statements and
information are based are reasonable, undue reliance should not be placed on the
forward looking statements and information because West Mountain can give no
assurance that they will prove to be correct. 


Since forward-looking statements and information address future events and
conditions, by their very nature they involve inherent risks and uncertainties.
Actual results could differ materially from those currently anticipated due to a
number of factors and risks. These include, but are not limited to, the risks
associated with the treatment of hazardous industrial sludge in general,
attempting to secure work, the uncertainty of estimates and projections relating
to the value of the contract, health, safety and environmental risks,
transportation costs, environmental risks, failure to realize the anticipated
benefits of the contract, failure to obtain required regulatory and other
approvals, and changes in legislation, including but not limited to
environmental regulations, and risks associated with doing business in China.
Other factors which could materially affect such forward-looking information are
described in the risk factors in the Company's most recent annual management's
discussion and analysis that is available on SEDAR at www.sedar.com. Readers are
cautioned that the foregoing list of factors is not exhaustive. The
forward-looking statements included in this news release are expressly qualified
by this cautionary statement. The forward-looking statements and information
contained in this news release are made as of the date hereof and West Mountain
undertakes no obligation to update publicly or revise any forward-looking
statements or information, whether as a result of new information, future events
or otherwise, unless so required by applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
West Mountain Capital Corp.
Mr. Paul Antle
President and CEO
709 726 0336
pantle@phaseparation.com
www.phaseparation.com
West Mountain Environmental (TSXV:WMT)
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