West Mountain Capital Corp.

September 14, 2011 18:45 ET

West Mountain Capital Corp. Provides Corporate Update

CALGARY, ALBERTA--(Marketwire - Sept. 14, 2011) - West Mountain Capital Corp. (TSX VENTURE:WMT) ("the Corporation") is pleased to report that Mr. Paul Antle, the President, Chief Executive Officer and director of the Corporation, has been appointed as Chairman of the Board of Directors of the Corporation. While as Chairman Mr. Antle will continue to serve as President and CEO. Mr. Wiebe, the former Chairman, will continue to serve as a director of the Corporation. The Corporation would like to thank Mr. Wiebe for his dedication and service over the last number of years.

The Corporation also announces that, subject to regulatory approval, it has granted a total of 1,525,000 options to purchase common shares of the Corporation to directors, officers and consultants in accordance with the Corporation's stock option plan. The options expire 5 years from the date of grant, will vest immediately, and all options have an exercise price of $0.24 per common share. Of these options, 1,275,000 were granted to directors and officers of the Corporation and 250,000 were granted to consultants of the Corporation. The Corporation has determined that exemptions from the various requirements of the TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 are available for the issuance of the options to the directors and officers of the Corporation (formal valuation -- issuer not listed on specified markets; minority approval -- fair market value not more than 25 per cent of market capitalization).

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts the responsibility for the adequacy or accuracy of this release.

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