June 19, 2008 15:13 ET

Phase Separation Solutions Signs 3-Year Environmental Services Agreement With Patheon Inc.

CALGARY, ALBERTA--(Marketwire - June 19, 2008) - Phase Separation Solutions Inc. ("PS2"), a wholly owned subsidiary of West Mountain Capital Corp. (TSX VENTURE:WMT), is pleased to announce that it has entered into an environmental services agreement with Patheon Inc. a leading global provider of contract development and manufacturing services to the global pharmaceutical industry. Patheon's services range from preclinical development through commercial manufacturing of a full array of dosage forms including parenteral, solid, semi-solid and liquid forms.

Under the terms of the three-year contract, service is to commence immediately and requires PS2 to collect, transport and dispose of a variety of hazardous materials generated from Patheon's operations in Canada including laboratory waste, production materials and finished goods and represents approximately ten percent of PS2's present treatment capacity at its state-of-the-art treatment facility in Wolseley, Saskatchewan.

"We are extremely pleased to be able to assist Patheon in its continued leadership as an environmental steward in the pharmaceutical manufacturing industry," says Paul Antle, President and CEO.

PS2 is an established national environmental solutions and remediation service provider that began managing pharmaceutical waste from across Canada in 2007. PS2 has experienced a very positive response to its exclusively licensed alternative treatment technology. It now adds this new service agreement to its list of agreements with major pharmaceutical and consumer product manufacturing and distribution companies.

PS2 uses a proprietary thermal system that reduces harmful greenhouse gases associated with destroying pharmaceutical waste while recovering oil from plastic packaging and generating synthetic natural gas that it uses to sustain the process. "This again is another confidence builder for our company and acknowledgement that PS2's technology and approach to pharmaceutical waste treatment is revolutionary and a major shift in the way this waste stream is being managed in North America" says Paul Antle, President and CEO.

About Phase Separation Solutions:

PS2 is an established Canadian environmental solutions company specializing in 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, pharmaceutical waste and consumer waste streams converting much of it into reusable oil. PS2's management team maintains expertise in hazardous waste management, brownfield remediation and pharmaceutical waste management with experience spanning North America and internationally throughout 14 countries.

This release may contain forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Forward-looking statements are not guarantees of future performance. Any forward-looking statements are made as of the date hereof and West Mountain Capital Corp. does not undertake any obligation, except as required under applicable law, to publicly update or revise such statements to reflect new information, subsequent or otherwise.

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

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