Mountain Capital Inc.

Mountain Capital Inc.

August 12, 2008 12:17 ET

Mountain Capital Inc.: Exploration Program Commences on Kalum Property, British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 12, 2008) - Mountain Capital Inc. (the "Company" or "MCI") (TSX VENTURE:MCI) is pleased to announce the commencement of an exploration work program on the Kalum Property, located 30 km north of Terrace, British Columbia.

The Kalum Property consists of 46 mineral tenures totalling 20,762 hectares and is the subject of an option agreement with Eagle Plains Resources Ltd. ("EPR"). Pursuant to the option agreement with EPR, the Company must, over a five year period, make cash payments to EPR totalling $500,000 of which $25,000 has already been paid, by issuing an aggregate of 500,000 common shares of MCI of which 50,000 shares have already been issued, and by carrying out $4,000,000 in exploration expenditures on the Kalum Property in order for the Company to earn a 60% interest in the Kalum Property.

The exploration work program will consist of line cutting, approximately 6 line km of I.P. survey and a soil geochemical survey which will be followed by a diamond drilling program. The exploration work program is expected to cost approximately $250,000 and should be completed within 2 months.

The Company's exploration work program will be under the supervision of J.W. Murton, P. Eng., a qualified person as defined by National Instrument 43-101. Mr. J.W. Murton is a director of MCI and is also responsible for the technical information presented in this news release.

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement in this release containing words such as "believes", "plans", "expects" or "intends" and other statements that are not historical facts are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

The Exchange has neither approved nor disapproved the contents of this press release.

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