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.