westmountain gold, inc. september 2012 corporate presentation

| September

2 www.westmountaingold.com | WMTN-OTC The Terra Project

Safe Harbor Statement

“Safe Harbor” Statement under Private Securities Litigation Reform Act of 1995:

Statements in this presentation regarding WMTN/ Terra Mining Corporation business, which are not historical facts, are "forward-looking statements" that involve risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking as a result of either the matters set forth or incorporated in this presentation. Specifically, the pro-forma financial summaries and balance sheet are a possible projections of future results based on the WMTN/ Terra Mining Corporation business plan. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's most recent Form 10-Q and 10-K. Investors and prospective investors should read this presentation in conjunction with the Company's reports on Form 10-K, Forms 10-Q, and other documents as filed with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this presentation.


Share Structure

Symbol: WMTN:US

Shareholders Shares Ownership Last Price Date

Share Ownership

Outstanding WMTN shares 19,181,028 Management 44.5 %

BOCO 16.2% 5/2012

Warrants 6,609,351 Other 46% 5/2012

Fully Diluted 25,790,379 100% 5/2012

Market Cap $20,140,079 $1.05 5/16/12


Valuation

Inferred Gold Resource 10% Au Spot* 100% Au Spot

168,000 $150 $1,500 Value $25,200,000 $252,000,000 330,000 $150 $1,500

Value $495,500,000 $252,000,000

Terra offers significant upside with a pre-money valuation fully diluted of $26 million.

*Note-10% Gold Spot represents industry standard for inferred ounces of gold in ground; 100% Gold Spot represents recovered gold but value does not include operating and processing costs.

Expected Gold Resource 10% Au Spot* 100% Au Spot

1,000,000 Au $150 $1,500 Value $150,000,000 $1,500,000,000


Alaska Gold Deposits

Company Deposit Au-Oz(Million) Cu lbs (billion) Mo lbs (billion) Kiska Metals Whistler 3.35 Kinross Fort Knox 5.729 Anglo American/ Northern Dynasty Pebble 107 81 5.6

International Tower Hill Livengood 20.6

Barrick/Nova Gold Donlin Creek 39

Teck Pogo 5 Fire River Nixon Fork 0.3

Alix Resource Corp Golden Zone 0.8 Sale Pending

WestMountain Terra 0.2

ALASKA GOLD DEPOSITS – TINTINA GOLD BELT-Exceeds 180M Oz Gold

➡  Numerous World Class Gold Deposits in mine friendly jurisdiction ➡  3 of top 5 gold producers in the world are investing billions of dollars into the Tintina Gold Belt:

Barrick, Newmont and Anglo American


Terra Project

" Kiska’sWhistler (5.75M oz Au eq) is 35 miles east

" Millrock & Kennecott have properties near Terra

Terra Project is located 130 miles northwest of Anchorage. Controls 344 Alaska State Mining claims representing an 85 sq mile land position.


Tintina Gold Deposits & Terra Project

Project Attributes:

➡  Glaciers receding exposed High Grade Gold Bearing Veins: ➡  with exposures over 2 Km (1.2mi) with depths of 1000+ feet ➡  steeply dipping and continuous ➡  open ended at depth and laterally ➡  rich gold concentrations – ore shoots with greater than 10 oz per ton gold

➡  Infrastructure in place - existing runway, 25 man camp, internet ➡  400 (20%) meters of drilling of the 2000m Ben Vein system drilled-open for additional discovery ➡  Expanding gold resource at Ben Vein - 168,000 oz. gold and 310,000 oz. silver ➡  2012 resource model produced new numbers with significant increase of gold-330,000 oz. gold ➡  Developing large scale gold targets ➡  Gold production in 2012


Ben Vein

"   High grade vein system with extensive strike length & depth

"   2 Km zone with stockwork veins

"   Defined bonanza Gold veins

"   Over 2000 samples collected from property

"   All drill holes have intersected economic gold grades

HILLSIDE VIEW OF THE BEN VEIN


Project Background

➠  Kennecott discovery in 1997

➠  Porterfield leases to Anglo Gold in 2005 for the first year drill program

➠  International Tower Hill drilled in 2006 and 2007

➠  Terra Mining signs LOI in 2/2010 and Terra Gold JV Agreement in 9/2010 and has spent $2.4 million to date.

➠  Terra Mining owns 80%, Corvus Gold 20%, another $6.5 million spent on the project


Drill Results


Porphyry Target

"   Emerging Porphyry District "   Large Bulk Tonnage Mine Target "   Numerous other gold bearing areas present "   85 sq. mile project with favorable geology "   Breezy’s Breccia area identified 2006 "   Camp Midway area identified 2011

AERIAL VIEW OF THE TERRA PROJECT


Project Timeline

2012: Gold Production – Mining & Milling

• 5000 gold ounces expected • Property wide exploration • Baseline studies • Bulk sample gold production • Update technical report with drill results & resource estimate • Source additional gold projects in predetermined locations

2014: Feasibility & Development

• Continued scale up of mine development, construction and infrastructure. • Exploration and development at other locations.

2013: Exploration & Pre-Feasibility

• Continue expansion of resource • Underground development • Permitting & baseline studies • Initiate exploration and development at other locations.


2012 Plan

"   Mining and milling of Ben Vein

"   Drill Ben Vein Extension

"   Surface work on porphyry target

"   Ground surveyed aerial photo

"   Airborne geophysics

"   Engineering work


Terra JV Agreement

Definitive JV Agreement between TMC & ITH(RGC) "   Joint Venture position: 80% TMC & 20% RGC "   TMC operator "  Cash Requirements of Terra Project ➩  $450,000 option payments ➩  $9,050,000 work commitments

"  Royalty Payments ➩  Ben Porterfield – 4% NSR (2% Buydown option)

Ø  $100,000 yearly advance royalty payment ➩  ITH – sliding scale 0.5% - 5% reflective of gold price


West Mountain Index Advisor, Inc (West Mountain Gold)

Gregory Schifrin CEO

Jim Baughman COO

Mark Scott Secretary & CFO

(new hire) Investor Relations/

Corporate Dev.

Terra Mining Corp (A wholly owned Subsidiary)

Terra Gold Corp (A wholly owned Subsidiary)

WestMountain Gold


Terra Financing

Terra Gold Production & Exploration $ 7,500,000 Corporate G&A, Audit & Tax $ 1,500,000 Scale Mine Feasibility $ 1,000,000 Total $10,000,000

WestMountain Gold is seeking financing for operations of $10 million US.

Use of Proceeds- Terra Project


Our Team

➡  Mr. Schifrin has worked as a geologist and manager for 28 years in mining and mineral exploration industry where he has been involved in precious, base metals, and uranium exploration and development. Mr. Schifrin has provided technical services and project management for major and junior mining companies.

➡  From December 2007 to the present Mr. Schifrin was the President and Director of Silver Verde May Mining Corporation. During his tenure Mr. Schifrin managed corporate finance, accounting, legal and regulatory requirements, exploration, geologic evaluation, project generation and land acquisition. Mr. Schifrin also served as President and a Director in February and March 2010 of American Mining Corporation.

➡  From 1985 to the Present, Mr. Schifrin was the co founder and President of Minex Exploration, a mining industry known exploration consulting and service company, where Mr. Schifrin managed a staff of 15 to 20 personnel, clients and contracts, accounting, legal and regulatory requirements, as well as managing exploration projects, grassroots through drilling and development phase, throughout North America for major and junior mining companies.

➡  From October 1992 to the Present, Mr. Schifrin co-founded Selkirk Environmental, Inc., an environmental consulting and service company where he managed environmental regulatory compliance, risk analysis, pollution cleanup and environmental assessment for public and private clients.

➡  From November of 2006 to December 2007, Mr. Schifrin was the President and CEO of Golden Eagle Mining Corporation, where he managed corporate affairs, geological exploration, property acquisition and accounting.

➡  In August of 1983, Mr. Schifrin received a Bachelor of Science degree in Geology from the University of Idaho, Moscow. He is a registered professional geologist in the State of Washington. Mr. Schifrin resides in Sandpoint, Idaho.

➡  Mr. Schifrin was appointed as a Director based on his significant experience in the mining and mineral exploration industry.

Greg Schifrin CEO, President & Director


Our Team

James Baughman COO & Director ➡  Mr. Baughman has worked as a geologist for more than 25 years in mining operations and mineral exploration projects for

precious, base metals, and uranium. Mr. Baughman has provided technical services and project management for a number of major and junior mining companies. Mr. Baughman is 55 years of age.

➡  From September 2010 until present Mr. Baughman has served as Chief Operating Officer (COO) and Director for Terra Mining

Corp and transitioned to the COO of WestMountain Index Advisor on March 1, 2011 when WestMountain acquired the assets of Terra Mining Corp. Mr. Baughman’s responsibilities for WestMountain is to manage field operations at the Terra Project in Alaska, produce technical reports, and liaison with the Joint Venture partner for Terra.

➡  From July of 2004 to May of 2006, Mr. Baughman was the co-founder, President and Chief Executive Officer of High Plains

Uranium Corp, where he managed the company’s corporate finance, accounting, legal and regulatory requirements. He also managed a successful initial public offering on the TSX (Senior Board).

➡  James Baughman was named CEO of Fischer-Watt Gold Co., Inc. on March 14, 2012. Fischer-Watt holds uranium claims in

Sweetwater County, Wyoming and purchased a private Wyoming company, New Fork Uranium Corp. that also holds uranium claims in Wyoming and controlled by Mr. Baughman.

➡  James Baughman is a Director and CEO of Big Bear Mining Corp. Mr. Baughman is on the Advisory Board of a Canadian

exploration company. In July of 1983, Mr. Baughman received a Bachelor of Science degree in Geology from the University of Wyoming, Laramie. He is a registered professional geologist in the State of Wyoming. Professional memberships include the Society of Economic Geologists and the Society of Mining, Metallurgy, and Exploration


Our Team

➡  Mr. Scott has significant financial, capital market and relations experience in public microcap gold, silver and technology companies. Mr. Scott currently serves as (i) Chief Financial Officer, Secretary and Treasurer of WestMountain Gold since February 28, 2011 and as a consultant from December 2010; (ii) Chief Financial Officer of Sonora Resources Corp., a position he has held since June 2011; (iii) Chief Financial Officer, Secretary and Treasurer of Visualant, Inc., a position he has held since May 2010; and (iv) Chief Financial Officer of U.S. Rare Earths, Inc. a position he has held since December 2011.

➡  Mr. Scott previously served as Chief Financial Officer and Secretary of IA Global, Inc. from October 2003 to June 2011. Previously,

he held executive financial positions with Digital Lightwave; Network Access Solutions; and Teltronics, Inc. He has also held senior financial positions at Protel, Inc., Crystals International, Inc., Ranks Hovis McDougall, LLP and Brittania Sportswear, and worked at Arthur Andersen. Mr. Scott is also a certified public accountant and received a Bachelor of Arts in Accounting from the University of Washington.

Mark Scott CFO & Secretary

Operations Committee

The primary mandate of the operating committee is to monitor and manage capital expenditures. The operating committee will be a cross section of the board and management and will report to the board of directors and key investors. Other functions will be oversight for project operations, budgets, and expenditures. The operations committee will be implemental in building consensus for strategy, adopt policy and oversight on monetary policy.


Our Team

Independent Directors

➡  Mr. Cassidy is the Managing Member and Founder of Logic International Consulting Group, LLC, a consulting firm specializing in the development of global trading businesses and the creation of the requisite infrastructure, management and support paradigms of said platforms.

➡  Previously Mr. Cassidy was a Founding Partner & Chief Operating Officer of Archeus Capital Management, LLC, a multi strategy

hedge fund which managed in excess of $3.5 billion in assets. Mr. Cassidy was responsible to optimize the use of the firm’s Capital Balance which regularly exceeded $1 billion by deploying an effective treasury and cash management strategy at the firm.

➡  Mr. Cassidy also served as the Chief Operating Officer for Bank Julius Baer (BJB), based in Zurich. BJB at that time was the largest

privately held Bank in Switzerland. He was a member of the BJB Management Committee and responsible for organizing and directing the re-branding of the BJB global trading platform, including both new product and business development. In addition, Mr. Cassidy developed the global FX Option Trading Business and Operating Support Paradigm for the Bank.

➡  Prior to BJB, Mr. Cassidy was Managing Director of UBS, where he was the Global Head of Fixed Income Derivatives Support. He

also served as the Global Head of the Bank’s Derivatives Infrastructure, including operations, finance, IT systems and legal. While at UBS, Mr. Cassidy was also President of UBS Securities Swaps Inc., the bank’s US based derivatives platform and business center.

Kevin Cassidy


Our Team

Mike Lavigne ➡  Michael Lavigne has served as the CEO and a board member of Silver Verde May Mining Company, Inc. from December 2008 to

the present. Silver Verde May, an exploration stage mining company located in Wallace, Idaho, holds a number of properties in Idaho, Utah and Wyoming. From August 2008, Mr. Lavigne served as a consultant for Golden Eagle Mining Company, which was acquired by Silver Verde May in December 2008. Mr. Lavigne also serves on the board of Mascot Mining which holds properties in Idaho and Montana.

➡  Mr. Lavigne is the owner and Managing Partner of Capital Peak Partners, LLC. Capital Peak provides consulting services in the area of corporate and business development. Capital Peak Partners was founded in September of 2010.

➡  Previously Mr. Lavigne held a number of positions in the travel and hospitality industry. From November 2006 to July 2008, Mr. Lavigne founded and served as a director and CEO of Travel Services Group. From September 2003 to October 2006, Mr. Lavigne was the COO of Glacier Bay Cruise Lines, an adventure cruise in South East Alaska. Mr. Lavigne was a director of Coastal Hotel Group, a partner in NorthCoast Hotels and a member of Starwood Hotel’s Leisure Travel Advisory Board. Also, Mr. Lavigne was the CEO and chairman of Global Leisure, Inc., the parent company of Maupin Tours, Sunmakers, Jet Set North America, Hawaii Leisure and Regency Pacific.

➡  Prior to the travel and hospitality business Mr. Lavigne was involved in the securities and corporate finance business and served as the managing Director of Northwest Capital and Advisory Services and the CEO and chairman of RCL Northwest. Mr. Lavigne was a board of member of the Spokane Stock Exchange, a registered national securities exchange which listed primarily mining and resources related companies.

➡  Mr. Lavigne has been on a number of community and charitable boards including, The Giving Back Fund, Communities and Schools of Seattle, The Seahawk Academy and the Jacob Green Golf Classic.

➡  Mr. Lavigne received his BA in Accounting from the University of Idaho and a JD from Gonzaga University School of Law. ➡  Mr. Lavigne was appointed as a Director based on his significant experience in the mining and mineral exploration industry.


Comparable

WestMountain Gold WestMountain Comparable Table

Company Name Ticker Current Price ($/sh)

Shares Outstanding

(MM) Market Cap.

($ MM) 2011

Production (oz)

Valuation per Oz of Production

Argonaut Gold TSX:AR $6.88 90 619 72000 $8,597

Brigus Gold Corp TSX:BRD $0.77 217 167 67200 $2,485

Claude Resource, Inc. TSX:CRJ $0.70 164 128 51000 $2,509

Kirkland Lake Gold Inc. TSX:KGI $11.38 69 785 81860 $9,589

Lake Shore Gold Corp. TSX:LSG $0.90 410 369 92500 $3,989

Richmont Mins, Inc. TSX:RIC $6.06 33 200 82500 $2,424

St. Andrew Goldfields Ltd. TSX:SAS $0.37 368 136 70000 $1,942

Wesdome Gold Mines Ltd. TSX:WDO $1.26 102 128 62500 $2,048

$4,198 Mean Average


Shares Outstanding

(MM) Market Cap.

($ MM) 2011

Production (oz)


2013 Production (oz)

Projected 2013 Market Cap.

($ MM)**

WestMountain Gold OTCBB:WMTN $1.05 19 20 5000* $3,990 12000 $50

* Projected 2012 Production ** Calculated using Mean Average of $4,198


Shares Outstanding

(MM)

Market Cap. ($ MM)

2011 Production

(oz)


Gold Resource Corp AMEX:GORO $24.19 53 1,282 66000 $19,424

23 www.westmountaingold.com | WMTN-OTC The Terra Project www.westmountaingold.com WMTN-OTCBB

WestMountain Gold, Inc. | Terra Mining Corporation 120 E. Lake Street #401

Sandpoint, ID 83864

Greg Schifrin President & CEO Email: [email protected] (208) 265-1717 Office (208) 290-1180 Cell

westmountain gold, inc. september 2012 corporate presentation

Documents

terra terra project

gold spot

recovered gold

gold producers

terra project valuation

westmountain terra

au spot

expected gold resource