Result of EGM

Westmount Energy Limited
22 December 2005

Westmount Energy Limited

WTE

Result of EGM, appointment of Director and Share Options

22 December 2005





                            Westmount Energy Limited



Result of EGM to approve Return of Capital of 50 pence per Ordinary Share (in
aggregate approximately £7,500,000) to shareholders and 1 for 2 Share
Consolidation



Announcement of the Appointment of a New Director



At the Extraordinary General Meeting of Westmount Energy Limited ('Westmount')
held in Jersey today, the shareholders approved the proposed return of capital
and share capital reorganisation of Westmount.



As set out in the Circular to Shareholders dated 25 November 2005, all enabling
resolutions were duly passed. Capital of the equivalent of 50 pence per Ordinary
Share will be returned to shareholders. Shareholders will also receive One
Consolidated Ordinary Share for every Two Ordinary Shares held.



Dealings in the new Consolidated Ordinary Shares are expected to commence at
8.00 a.m. on Friday, 23 December, with the first opportunity to receive the
agreed return of 50 pence per B share expected to occur on 31 January 2006.



The Board of Westmount is also pleased to announce that Mr Paul R. Anderson,
aged 32, who has been residing in Jersey for over 9 years, an associate member
of the Institute of Chartered Secretaries and Administrators has today been
appointed to the Board. Paul is a Trust Manager of Bedell Group, Jersey, a
position he has held since September 2003 when the Bedell Group assumed the role
as Secretary of Westmount from The Royal Bank of Scotland Trust Company, Jersey,
where Paul had been a Corporate Trust Manager and employed since June 1996. He
was formerly with The Royal Bank of Scotland Group, Edinburgh, as a Securities
Associate since December 1991.



Commenting on his appointment Mr Derek G. Williams, Chairman, stated:



'I am especially pleased with the timing of this appointment now that Westmount
has reached such an important stage, following the Share Capital Reorganisation
and the return of substantial capital to shareholders. Paul has been involved
with Westmount's business for over 9 years and I have worked with him closely
during this period. Paul will now be able to play a significant role in the
future development of Westmount.'



The Board also announces today that to supplement the low level of directors'
remuneration and in view of the increasing time and effort to be put in by the
Directors, the Board is proposing to grant options over a maximum of 750,000 of
new Consolidated Ordinary Shares expiring on 31 December 2012. Initially the
Board intends to grant options or rights equivalent to options over a total of
600,000 Consolidated 20p Ordinary Shares of Westmount, with effect from today's
date at a subscription price equivalent to the opening middle quoted price on
the AIM market, of the Consolidated Ordinary Shares. As a result the Directors
of the Company, Derek G. Williams, Peter J. Richardson, Marc S.D. Yates and Paul
R. Anderson, will be allocated 150,000 share options each.


Westmount Energy Limited                              Tel: [phone]
Derek G. Williams, Chairman

Oriel Securities Limited                              Tel: [phone]
Andrew Edwards





END




                            WESTMOUNT ENERGY LIMITED



                              PAUL ROBERT ANDERSON



                         Date of Birth 03 December 1973



                             LIST OF DIRECTORSHIPS




Name of Body                                                    Country of Incorporation

Current

Colima Limited                                                  Jersey
Ilford Trustees (Jersey) Limited                                Jersey
Stamford House No.2 Limited                                     Jersey

Past 5 Years

Blue Circle Services Limited                                    British Virgin Islands
Bullion Brokers (C.I.) Limited                                  Jersey
British Airways Employee Benefits Trustees                      Jersey
(Jersey) Limited
Cable & Wireless (EBT) Limited                                  Jersey
Chis 1 Limited                                                  Jersey
Chis 1A Limited                                                 Jersey
Chis 2 Limited                                                  Jersey
Chis 2A Limited                                                 Jersey
Chis 3 Limited                                                  Jersey
Chis 3A Limited                                                 Jersey
Comino Limited                                                  Jersey
Domus (Residential) 5 Limited                                   Jersey
Domus (Residential) 6 Limited                                   Jersey
Domus (Residential) 7 Limited                                   Jersey
Domus (Residential) 8 Limited                                   Jersey
Domus (Residential) 9 Limited                                   Jersey
Domus (Residential) 10 Limited                                  Jersey
Domus (Residential) 11 Limited                                  Jersey
Domus (Residential) 12 Limited                                  Jersey
Domus (Residential) 13 Limited                                  Jersey
Domus (Residential) 14 Limited                                  Jersey
Financial Overseas Holdings (FINOV) Limited                     Jersey
Lafitte Financial Company (LAFFINCO) Limited                    Jersey
Overseas Participations Limited                                 Jersey
Maxent Investments Limited                                      Jersey
Mirabeau Limited                                                Jersey
SERPUT Nominee 1 Limited                                        Jersey
SERPUT Nominee 2 Limited                                        Jersey
SERPUT Nominee 3 Limited                                        Jersey
SERPUT Nominee 4 Limited                                        Jersey
SERPUT Nominee 5 Limited                                        Jersey
SERPUT Nominee 6 Limited                                        Jersey
SERPUT Nominee 7 Limited                                        Jersey
SERPUT Nominee 8 Limited                                        Jersey
SERPUT Nominee 9 Limited                                        Jersey
SERPUT Nominee 10 Limited                                       Jersey
SERPUT Nominee 11 Limited                                       Jersey
SERPUT Nominee 12 Limited                                       Jersey
SERPUT Nominee 13 Limited                                       Jersey
SERPUT Nominee 14 Limited                                       Jersey
SERPUT Nominee 15 Limited                                       Jersey
SERPUT Nominee 16 Limited                                       Jersey
Stamford House (Jersey) Limited                                 Jersey
The Royal Bank of Scotland (Dolland & Aitchison) Nominees       Jersey
Limited



Mr Anderson has no unspent convictions, and has not been a bankrupt, nor was a
director of a company at a time or within 12 months preceding any receivership
or creditors liquidation of such company, and there has been no public criticism
of Mr Anderson by any statutory or regulatory authority.





              22 December 2005


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