FOR IMMEDIATE RELEASE: March 22, 2006

CATAMOUNT ENERGY CORPORATION RETAINS
GOLDMAN, SACHS & CO.

RUTLAND, VT – Catamount Energy Corporation (Catamount), a developer, owner, and operator of wind energy projects in the United States and Europe, announced today that it has retained Goldman, Sachs & Co. to act as its financial advisor in a thorough review of the company’s strategic alternatives.

“We would like to determine if there are attractive strategic alternatives open to Catamount and its owners,” said James Moore, the CEO of Catamount.

Diamond Castle Holdings LLC, a New York based private equity firm, owns Catamount through its affiliated funds. Mike Ranger, a Senior Managing Director with Diamond Castle, said, “We might not find anything compelling to do, in which case Catamount has a very strong hand to play in the wind energy sector, but we would like to explore all options.”

Catamount has been in the business of providing clean, cost-competitive electricity in the U.S. and Europe for 20 years.
More information regarding Catamount and Diamond Castle Holdings is available on their web sites at www.catenergy.com and www.dchold.com, respectively.

CONTACT:

Marie Smith
Catamount Energy Corporation
802.772.6747 or Fax 802.772.6799
msmith@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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