Mountain Capital Inc.
TSX VENTURE : MCI

Mountain Capital Inc.

June 27, 2008 22:40 ET

Mountain Capital Inc. Completes Two Private Placement Financings

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 27, 2008) - Mountain Capital Inc. (TSX VENTURE:MCI) (the "Company") is pleased to announce that on June 26, 2008, it completed both private placement financings announced on June 2nd and 9th, 2008. The June 2nd financing consists of 2,400,000 flow-through common shares and 600,000 non-flow-through common shares at a purchase price of $0.07 per share and 3,000,000 share purchase warrants exercisable at $0.10 per share on or before June 26, 2010 and, the June 9th financing consists of 3,000,000 common shares at a purchase price of $0.08 per share and 3,000,000 share purchase warrants exercisable at $0.10 per share on or before June 26, 2010. The gross proceeds received by the Company from the two financings totals $450,000. In addition the Company paid finder's fees in cash and shares totalling $20,930. The flow-through funds shall be used for Canadian mineral exploration expenditures and the non-flow-through funds shall be used for general working capital purposes.

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