Green Mountain and C. Trade Group Propose JV with Osprey for Canadian Oil Field Development Project

CARLSBAD, Calif. – November 5, 2012 – Representatives from Green Mountain Development Corp (Pinksheet: GMND), and C. Trade Group met in Calgary, Alberta last week with Osprey Oil & Gas Ltd management as a follow up to the recently signed project development agreement between GMND and Osprey.  The parties visited oil well sites in Alberta and southern Saskatchewan along the northern tier of the vast Bakken formation.  The parties discussed project financing, compliance, project implementation logistics, and a joint venture deal structure for a multi-well development project the companies plan to begin in this quarter.

Green Mountain and C. Trade are assisting Osprey with project development of drilling leases from acquisition to commercial production.  C. Trade Group discussed product distribution logistics and the use of its network resources to accelerate Osprey development efforts and also presented Osprey with a draft JV agreement which is now in the review stages between the parties.  The parties reviewed engineering and geological presentations, vertical and horizontal drilling options and also visited existing producing wells in Saskatchewan and the plans for site expansion.

The parties have agreed to the structure of a JV agreement to be signed this quarter with project commencement to begin shortly thereafter as much of the new drilling can only be done in the winter months.  Green Mountain participates in the net income of the Joint Venture.

Robert Brehm, CEO of Green Mountain stated, “I want to thank Osprey and C. Trade for giving us the opportunity to provide project development services in the energy sector.  Expanding our baseline revenue sources enables us to build revenue for GMND on multiple fronts.”

About Green Mountain Development Corp

Green Mountain Development Corp provides project development services for capital providers and technology operators and distributes licensed products related to the energy, agricultural and environmental sectors. 

Investors and media contact Robert Brehm at 619/488-3744 (bob@greenbizness.com) or visit the corporate website www.GreenBizness.com for news and updates.

The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect" or similar expressions that involve risks and uncertainties. These risks and uncertainties include the company's status as a development stage company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The company's actual results could differ materially from those discussed herein.