Montello Resources Ltd.

Montello Resources Ltd.

November 06, 2006 21:16 ET

Montello Makes Changes to Its Board and Executive; Appoints Independent Director

CALGARY, ALBERTA--(CCNMatthews - Nov. 6, 2006) - Montello Resources Ltd. (the "Company") (TSX VENTURE:MEO) announces the appointment of Mr. Marc Davis as an independent member of the Board of Directors. Marc is President of Davis & Associates Capital Corp., a boutique investment firm offering independent research coverage for emerging, publicly-listed small cap companies. He has enjoyed a successful career as a Resource Stock Research Analyst, a Financial Journalist, a Financier, and as a Corporate Development Consultant. As a Financial Journalist, both in newsprint and television, he covered the World's Major Stock and Foreign Currency Markets most notably with the Dow Jones News Agency in London and the CBC (Canadian Broadcasting Corporation) in Canada.
In mid 2002, he launched "SmallCapMedia", an electronic media publication that comprehensively covers North American small cap and micro cap equities including broad-ranging commentary on oil and gold prices, as well as analysis of the market events.

We would like to thank our former Acting V.P. of Finance, David Alexander. His contract expired October 31st, 2006. We thank him for his services as an officer to the company and wish him the best of luck going forward.

Mr. David Kerr is stepping down from our Board of Directors to concentrate more on his personal business affairs. As a director, he has played a major role organizing opportunities for Montello in Tennessee, especially our recently announced "Blowout Lease Acquisition" and pending "Adjacent Offset Drilling Program". David has volunteered many hours to Montello assisting in Land, Lease, and Facilities Negotiations and will continue to assist in a consulting capacity. The Company thanks him for his dedication and commitment to shareholders.


Dwayne Tyrkalo, President - COO

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

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