FOR IMMEDIATE RELEASE: June 15, 2006

Catamount Energy Corporation and Marubeni Power International, Inc. End Development of the
Glebe Mountain Wind Energy Project

RUTLAND, VT – Catamount Energy Corporation (Catamount) and Marubeni Power International, Inc. (Marubeni) announced today that they are ending development of the Glebe Mountain Wind Energy Project in Vermont. Catamount and Marubeni issued the statement, “We believe that wind energy is important for the environment and is a necessary piece of the energy supply puzzle. Even though we think that the Glebe project would be good for the state, a majority of the local community was opposed to the project and Vermont’s governor has stated that he opposes utility-scale wind projects.”

Catamount CEO James Moore said, “We thank the supporters of our project, and they should be encouraged by the near doubling of wind energy capacity in the United States since 2002 and the growing support for new wind projects in dozens of states across the country. As Vermonters, we respect the wishes of the local population and the state’s position on wind energy so we thought it was time to end our development efforts in the state.”

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.

Marubeni 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 regarding Marubeni is available on its web site at www.marubeni.com.

CONTACT:

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

or

Robert Babcock, V.P.
Marubeni Power International, Inc.
Phone: 212-450-0646
Fax: 212-450-0749
babcock-r@marubeni.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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