Mountain Capital Inc.
TSX VENTURE : MCI.P

Mountain Capital Inc.

March 19, 2008 18:22 ET

Mountain Capital Inc. Amends the Proposed Private Placement Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 19, 2008) - Further to its news release dated December 10, 2007 and February 22, 2008, Mountain Capital Inc. (the "Company") (TSX VENTURE:MCI.P) announces that it shall amend the terms of the Private Placement announced on February 22, 2008 whereby upon the approval of the proposed qualifying transaction, the Company shall proceed with a Non-Brokered Private Placement of Units for a minimum number of 4,300,000 Units up to a maximum number of 5,000,000 Units. The purchase price per Unit shall be $0.07 and will consist of one common share and one share purchase warrant to acquire an additional common share of the Company at $0.10 per share for a period of two years from Closing. The minimum number of Units which an Investor may subscriber for shall be 50,000 Units consisting of 40,000 Flow-Through shares, 10,000 Non Flow-Through shares and 50,000 share purchase warrants to acquire 50,000 Non Flow-Through shares of the Company. Of the total proceeds raised, $250,800 will be used for exploration on the Kalum property pursuant to the recommended Phase 1 work program.

General Information

Completion of this transaction is subject to a number of conditions including, but not limited to, TSX Venture Exchange acceptance. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Contact Information