West Mountain Announces Closing of its Private Placement of Convertible Debenture Units

West Mountain Capital Corporation (TSX VENTURE:WMT) (the "Corporation" or "WMT")
is pleased to announce that it has completed a non-brokered private placement
("Private Placement") of 790 units ("Units") for gross proceeds of $790,000.
Each Unit is comprised of one 10% convertible unsecured subordinated debenture
in the total principal amount of C$1,000 (a "Debenture") and 3,125 common share
purchase warrants (each such warrant, a "Warrant").


The Debentures have a term of two years, subject to prepayment rights in certain
circumstances, and will be convertible into common shares ("Common Shares") of
the Corporation at the conversion price of $0.32 per share. Each Warrant
entitles the holder thereof to purchase one Common Share of the Corporation (a
"Warrant Share") at a price of $0.32 per Warrant Share at any time prior to 4:30
p.m. (Calgary time) on the date that is two years from the date of the issuance
of the Units.


The Debentures, Warrants and the Warrant Shares of the Corporation shall be
subject to a statutory four-month hold period from the date of closing. Net
proceeds of the private placement will be used for general working capital
purposes.


Completion of the financing is subject to final TSX Venture Exchange approval.

Insiders of the Corporation subscribed for an aggregate of 665 Units, comprised
of Debentures in the total aggregate principal amount of $665,000 and an
aggregate of 2,078,125 Warrants. The Corporation has determined that there are
exemptions available from the various requirements of the TSX Venture Policy 5.9
and Multilateral Instrument 61-101 for the issuance of these Units (Formal
Valuation - Issuer Not Listed on Specified Markets; Minority Approval - Fair
Market Value Not More Than 25% of Market Capitalization).


Further to disclosure requirements of applicable securities laws, Mr. Paul Antle
of St. John's, Newfoundland and Labrador reports that his wholly-owned
corporation, Pluto Investments Inc. has purchased 100 Units pursuant to the
financing. Prior to the transaction, Mr. Antle owned and controlled 6,225,610
Common Shares representing approximately 16.4% of the issued and outstanding
Common Shares. On a diluted basis, should Mr. Antle exercise all of his 312,500
Warrants and convert his Debentures in the principal amount of $100,000, he
would have ownership and control over 6,850,610 Common Shares representing
approximately 17.8% of the issued and outstanding Common Shares.


Mr. Stephen Clarke of Delta, B.C. reports that he purchased 25 Units pursuant to
the financing. Prior to the transaction, Mr. Clarke owned and controlled
4,817,890 Common Shares representing approximately 12.7% of the issued and
outstanding Common Shares. On a diluted basis, should Mr. Clarke exercise all of
his 62,500 Warrants and convert his Debentures in the principal amount of
$20,000, he would have ownership and control over 4,942,890 Common Shares
representing approximately 13.0% of the issued and outstanding Common Shares.


Golden Opportunities Fund Inc. ("GOF") of Saskatoon, Saskatchewan reports that
it purchased 395 Units pursuant to the financing. Prior to the transaction, GOF
owned and controlled 12,842,333 Common Shares. On a diluted basis, should GOF
exercise all of its 1,234,375 Warrants and convert its Debentures in the
principal amount of $395,000, it would have ownership and control over
15,311,083 Common Shares representing approximately 37.9% of the issued and
outstanding Common Shares.


Mr. Antle, Mr. Clarke and GOF acquired the Units for investment purposes.
Presently, neither Mr. Antle, Mr. Clarke nor GOF has any intention of acquiring
any further securities of the Corporation. Mr. Antle, Mr. Clarke and GOF may
each acquire ownership of or control over further securities of the Corporation
in the future depending on market circumstances. The Units issued pursuant to
the Private Placement were distributed pursuant to the exemptions from the
prospectus and registration requirements set out in sections 2.3 and 2.5 of
National Instrument 45-106 - Prospectus and Registration Exemptions. Copies of
Mr. Antle, Mr. Clarke and GOF's Early Warning Reports will be available on
SEDAR.


About WMT

WMT 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,
pharmaceutical waste and consumer waste streams 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. WMT's management team
maintains expertise in hazardous waste management, Brownfield remediation and
pharmaceutical waste management with experience spanning North America and 15
countries internationally.


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. In particular, this news release contains forward-looking
information regarding the use of the proceeds of the financing. The
forward-looking statements and information are based on certain key expectations
and assumptions made by West Mountain, including expectations and assumptions
concerning the completion of the proposed financing. 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. 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.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts the
responsibility for the adequacy or accuracy of this release.


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