WEST MOUNTAIN CAPITAL CORP.
TSX VENTURE : WMT

May 21, 2009 14:22 ET

Phase Separation Solutions Commences Soil Remediation Project

CALGARY, ALBERTA--(Marketwire - May 21, 2009) - Phase Separation Solutions Inc. ("PS2"), a wholly owned subsidiary of West Mountain Capital Corp. (TSX VENTURE:WMT), has broken ground on its 6,300 tonne PCB contaminated material contract located in Western Canada and have already removed approximately 60% of all the contaminated PCB waste from the site. The contract was awarded in November 2008 and involves the overall management of the contaminated site and utilization of its state-of-the-art soil treatment facility located in Wolseley, Saskatchewan to treat the PCB contaminated soil. The contract has an expected value of $6.4 million and represents over 30% of PS2's annual soil treatment capacity at its Wolseley Facility.

"Given the economic climate right now we are extremely pleased to have commenced this contract which will showcase our thermal treatment technology" says Paul Antle, President and CEO. "This is the type of project and waste stream that we have a great deal of experience managing. We have been operating our Wolseley Facility since April and have treated all of the soil back-log we had in storage clearing space for this year's contracts."

PS2 previously announced that it has an agreement with Bennett Environmental Inc. (TSX:BEV) pursuant to which it will provide standby treatment capacity in support of Bennett's services to the Pottersburg Creek Remediation Project in Ontario. Pursuant to this standby capacity agreement, PS2 has agreed to hold between 4,400 and 8,580 tonnes of processing capacity for PCB-impacted material removed from the Pottersburg Creek site.

"The Pottersburg Creek Project is also underway and we look forward to our participation as it moves along" said Antle. Previous government announcements have indicated that there is approximately 78,000 tonnes of PCB-impacted material stored at Pottersburg Creek however there is no certainty as to the actual volume of material to be removed and treated from the site.

About Phase Separation Solutions:

PS2 is an established Canadian environmental solutions company specializing in the thermal treatment of a variety of hazardous and non-hazardous waste streams. It employs a unique indirectly heated, closed loop technology that allows it to extract even the most hazardous contaminants from soil, industrial sludge and waste converting much of it into reusable oil and synthetic natural gas that it uses to sustain the process. This methodology offers significant opportunity for greenhouse gas reduction over traditional hazardous waste destruction technologies. PS2's management team maintains expertise in hazardous waste management and contaminated site remediation with experience spanning North America and internationally throughout 14 countries.

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this news release contains forward looking statements in respect of the contract to remove and treat 6,300 tonnes of PCB contaminated material. In addition, there is no certainty to the volume of soil to be processed by PS2 under the agreement with Bennett Environmental Inc. The forward-looking statements and information are based on certain key expectations and assumptions made by West Mountain, including expectations and assumptions concerning the plan to remove and treat such material. Although West Mountain believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because West Mountain can give no assurance that they will prove to be correct.

Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the removal and treatment of PCB contaminated materials in general, the uncertainty of estimates and projections relating to the value of the contract, health, safety and environmental risks, transportation costs, environmental risks, failure to realize the anticipated benefits of the contract, failure to obtain required regulatory and other approvals, and changes in legislation, including but not limited to environmental regulations. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements and information contained in this news release are made as of the date hereof and West Mountain undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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

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