MEO Montello Resources Ltd (Tier2)

Montello Resources Ltd. ("Montello") (TSX VENTURE:MEO) is pleased to announce
that, subsequent to the issuance by Montello of an independent operations notice
to its partners, the well (Pennine Pincher Creek 1-11-4-29 W4M) has been
re-entered by Pennine with the objective of confirming the production capability
of the Brown Sand formation. Upon the well being opened to flow, gas was
recorded at the wellhead and oil flowed to surface from the Brown Sand formation
for a continuous period of 33 hours with a total oil recovery of 327 barrels of
condensate, at which time the pumpjack was activated but had to be shut down due
to overheating. The pumpjack was activated the following morning without being
able to pump any fluids to the surface, due to mechanical failure in Montello's
opinion. The well has been shut-in and secured pending a technical review of the
mechanical pumping configuration.


In Tennessee, Montello is currently onsite at the John Bowen No. 2 well, and is
heading into day 8 of its completion attempt in the deep gas zone. The Company
expects to perforate the zone of interest shortly. As previously announced,
cased hole logs that were run by Schlumberger confirmed a potential gas zone at
8,275 feet in the Rome Formation.


At Mulligan, Montello has recently completed the construction of a water
pipeline, which is allowing the Company to dispose more water including 3rd
party sources. This will resolve any potential voidage issues going forward as
well as increase daily oil production.


As previously announced, Montello is seeking approval for a non-brokered
flow-through private placement unit financing consisting of up to 1,550,000
units priced at $0.31 per unit, with proceeds of $480,500 from the offering. The
proceeds of the offering will be applied towards Montello's oil and/or natural
gas properties in Morgan County, Tennessee, and exploratory-completion
activities on Montello's Alberta properties.


By month end Montello will have filed its annual engineering report and its
audited year end financials.


ON BEHALF OF THE BOARD OF DIRECTORS

Montello Resources Ltd.

Peter C. Brown, President-CEO

All prospective and current shareholders of Montello Resources are invited to
join the company's official investment forum exclusively at Pinnacle Digest:
http://www.pinnacledigest.com/company/meo:ca. The forum allows for investor
controlled discussion, questions and progressive feedback from other
shareholders and investors. Third party reports on the company are also
available at www.pinnacledigest.com. Please also go to www.sedar.com for a
detailed list of all Montello's filings and to our web site www.montello.com for
articles, photos, previous news releases, financials, etc.


Reader Advisory: This news release contains certain forward-looking statements,
including management's operations and capital expenditures and the timing
thereof, that involve substantial known and unknown risks and uncertainties,
certain of which are beyond the Corporation's control. The Corporation's actual
results, performance or achievements could differ materially from those
expressed in, or implied. Investors are cautioned that forward-looking
statements are inherently uncertain and involve risks and uncertainties that
could cause actual results to differ materially. There can be no assurances that
future developments affecting Montello will be those anticipated by management.
Furthermore any forward-looking statements contained in this news release are
made as at the date of this news release and the Corporation does not undertake
any obligation to update publicly or to revise them whether as a result of new
information, future events or otherwise, except as may be required by applicable
securities laws. We Seek Safe Harbor.


"BOEs may be misleading, particularly if used in isolation. A BOE conversion
ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method
primarily applicable at the burner tip and does not represent a value
eequivalency at the wellhead."

Grafico Azioni Montello Resources Ltd (Tier2) (TSXV:MEO)
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Grafico Azioni Montello Resources Ltd (Tier2) (TSXV:MEO)
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