July 07, 2009 17:01 ET

Phase Separation Solutions Completes Onsite Remediation Activities

CALGARY, ALBERTA--(Marketwire - July 7, 2009) - Phase Separation Solutions Inc. ("PS2"), a wholly owned subsidiary of West Mountain Capital Corp. (TSX VENTURE:WMT), has completed all on-site remediation activities on its 6,300-tonne PCB contaminated waste contract located in Western Canada.

PS2 has removed all the identified PCB contaminated material, backfilled the excavation and having laid new asphalt returned the site back to the client for heavy industrial use. All the PCB contaminated soil removed from the site is currently being treated using the PS2's state-of-the-art soil treatment facility located in Wolseley, Saskatchewan.

"Our staff managed this very complex project with great care and in doing so our customer is extremely pleased. Given our level of preparation and planning the remedial activity unfolded very smoothly, we worked very well with our client's representative, had tremendous cooperation from the neighbouring businesses and were very well received by the general public" says Paul Antle, President and CEO. "Our attention will now focus on the processing of the PCB contaminated soil at our treatment facility in Wolseley."

The contract commenced in early May 2009 and involved the overall management of a very large PCB contaminated site and utilization of PS2's Thermal Phase Separation technology. The contract value has risen to approximately $6.9 million.

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. 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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