FOR IMMEDIATE RELEASE: January 6, 2006

Catamount Energy Announces the Completion of
Sweetwater 3 / Cottonwood Creek Wind Farm

RUTLAND, VT – Catamount Energy Corp. today announced that its third U.S. wind project has been completed and attained full commercial operation on December 30, 2005. Sweetwater 3 / Cottonwood Creek Wind Farm, located in Nolan County, Texas, is a 135-megawatt project using 90 GE Wind turbines.

Catamount is an equity investor in the project and a co-developer. DKRW Energy LLC of Houston was the lead project developer. Babcock & Brown acted as the financial advisor for the project and as an equity investor and a co-developer in the project. Babcock & Brown and Catamount funded the development and the construction.

“The completion of this project gives Catamount part ownership in 264 MW of operating wind projects in the U.S., and we expect to close one major project in 2006,” said Catamount CEO James Moore. “Our UK development pipeline is also expected to produce the first completed projects in the 2007 time frame. Catamount has made significant progress in building its asset base, its development pipeline, and its intellectual capital since entering the wind energy business in 2001,” he stated.

Catamount is a developer, owner, and operator of wind energy projects and has been in the business of providing clean, cost-competitive electricity in the U.S. and Europe for 19 years.

More information regarding Catamount is available on its web site at www.catenergy.com.

CONTACT: Marie Smith
Catamount Energy Corporation
802.772.6747 or Fax 802.772.6799
ismith@catenergy.com

This press release includes statements that may constitute “forward-looking” statements, usually containing the words “believe,” “estimate,” “project,” “expect,” or similar expressions. These statements are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, future trends in wind and other projects, acceptance of the Companies’ products and services in the marketplace, competitive factors, dependence upon third-party vendors, and other risks. By making these forward-looking statements, the Companies undertake no obligation to update these statements for revision or changes after the date of this release.

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