Mountain Capital Inc.
TSX VENTURE : MCI

Mountain Capital Inc.

June 09, 2008 13:07 ET

Mountain Capital Inc. Announces a Third Private Placement Financing of Up to $240,000

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 9, 2008) - Mountain Capital Inc. (the "Company") (TSX VENTURE:MCI) announces that the Company wishes to proceed with a Non - Brokered Private Placement of up to 3,000,000 Units at a purchase price of $0.08 per Unit for proceeds of up to $240,000.

Each Unit shall consist of one Common Share and one Warrant with each Warrant entitling the holder to purchase one Common Share at a price of $0.10 per share for a period of two years from closing. The Company may pay finders' fees of up to 7%. The funds from this financing shall be used for general working capital purposes.

This transaction is subject to the approval of the TSX Venture Exchange.

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.

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