FOR IMMEDIATE RELEASE: April 8, 2004

CATAMOUNT ENERGY CORPORATION AND
MARUBENI POWER INTERNATIONAL, INC.
ANNOUNCE JOINT VENTURE

RUTLAND, VT – Catamount Energy Corporation (Catamount) and Marubeni Power International, Inc. (Marubeni) announced today that they have executed a Joint Development Agreement. This deal represents an exclusive arrangement for wind energy development throughout New England, New York, and Pennsylvania.

“Marubeni provides Catamount with resources necessary for Catamount to successfully grow a wind power portfolio in the Northeast U.S.,” said Joseph Cofelice, Catamount’s President. “This development agreement, our recently announced UK joint development agreement, and the December 2003 completion of our Sweetwater, Texas, project represent significant milestones in the implementation of Catamount’s wind energy strategy.”

“Marubeni is excited by the opportunity to expand our presence in the renewable energy field with this joint venture in the Northeast U.S.,” said Toshimitsu Oda, President and CEO of Marubeni Power International. “Catamount is a strong partner with significant development skills that complement Marubeni’s strategy for expanding our wind energy portfolio from Asia and Europe into the U.S.”

Catamount, the non-regulated subsidiary of CVPS (NYSE: CV), has been in the business of providing clean, cost-competitive electricity in the U.S. and Europe for over 15 years. Catamount is a developer, owner, and operator of wind energy projects. More information on Catamount is available on the Internet at www.catenergy.com.

Marubeni Power International is a 100% subsidiary of Marubeni Corporation, one of Japan’s largest general trading companies. Marubeni develops, owns, and operates power projects around the world and currently owns over 2,000 net megawatts of generating capacity, including over 500 megawatts of renewable energy generation. More information can be found at www.Marubeni.com.

CONTACT:

Marie Smith
Catamount Energy Corporation
Phone: 802-772-6747
Fax: 802-772-6799
ismith@catenergy.com

Mr. Robert Babcock
Vice President
Marubeni Power International, Inc.
450 Lexington Avenue
New York, NY 10017-3984
Babcock-R@marubeni-usa.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.

top/back

Home/Catamount Community/Catamount News/Timeline of Wind/
Economic Advantages/Business is Brisk/Related Links/Contact Info