Montello Resources Ltd.

Montello Resources Ltd.

April 23, 2008 09:15 ET

Montello et al Encounter Hydrocarbons In Morgan Highpoint #5 Offset Test Well

CALGARY, ALBERTA--(Marketwire - April 23, 2008) - Montello Resources Ltd. (TSX VENTURE:MEO), as Operator of the Morgan Highpoint Project, is pleased to announce that the Company has drilled and logged the Morgan Highpoint #5 Test Well to total depth. Hydrocarbons were encountered during the drilling of the well.

Montello and its JV Partners are encouraged with the results achieved to date on the Morgan Highpoint Project and look forward to announcing completion plans in due course. Montello has engaged an energy services company and will be meeting with the partners to discuss the most efficient way to move forward on the Morgan Highpoint #4 and Morgan Highpoint #5 Wells.

The Morgan Highpoint #5 Well was drilled on a parcel of land that was recently acquired as part of the Morgan Highpoint Project and is strategically located between the Morgan Highpoint #3 Discovery Well and the Howard White #1 Well. The earned interests in the Morgan Highpoint #4 and #5 wells are Montello 35%, Austin Developments Corp. 30%, Blackrock Petroleum Corp. 30% and Park Place Energy Corp. 5%.

About Montello Resources Ltd.

Montello Resources Ltd. (TSX VENTURE:MEO), is an emerging, publicly traded company listed on the TSX Venture Exchange in Canada. Montello is pursuing shallow oil and gas opportunities in Alberta and engaged in drilling high impact oil and gas exploration prospects "hunting for elephants" both in the Tennessee Appalachians as well as in Alberta. For further information, please visit the website at for ongoing updates & have your name included on our mailing list.


Montello Resources Ltd.

William R. (Bill) Cawker, President - CEO

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 equivalency at the wellhead."

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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