Mountain Capital Inc.
TSX VENTURE : MCI.P

Mountain Capital Inc.

February 22, 2008 17:42 ET

Mountain Capital Inc. Shall Proceed With a Private Placement of Flow-Through Units

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 22, 2008) - Further to its news release dated December 10, 2007, Mountain Capital Inc. (TSX VENTURE:MCI.P) (the "Company") wishes to announce that upon the approval of the proposed qualifying transaction, the Company shall proceed with a Non-Brokered Private Placement of Flow-Through Units at a purchase price of $0.07 per Unit in order to raise a minimum of $100,000 up to a maximum of $250,000. The proceeds will be used for exploration on the Kalum property.

Each Unit shall consist of one flow-through common share in the capital of the Company and one warrant to purchase an additional flow-through common share in the capital of the Company. Each warrant shall be exercisable at the price of $0.10 for a period of two years from Closing.

General Information

Completion of this transaction is subject to a number of conditions, including but not limited to, 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 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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