Montello Resources Ltd.
TSX VENTURE : MEO

Montello Resources Ltd.

March 12, 2007 16:13 ET

Montello Resources Ltd. Update

CALGARY, ALBERTA--(CCNMatthews - March 12, 2007) - The Board of Directors of Montello Resources Ltd. ("the Company") (TSX VENTURE:MEO) is pleased to formally announce that Ms. Maxine Bruce, CGA of Dowwest Management Accounting Ltd. of Calgary will be acting as its Controller effective as of Friday, March 9th, 2007. Maxine has been working in the Oil and Gas Accounting field for 24 years for such companies as Canadian Occidental Petroleum Ltd., American Trading and Production Corporation, Canor Energy, Belair Energy Corp., and Aquest Energy Ltd.

Mr. Joseph Dow, President of Dowwest Management Accounting Ltd. was appointed to Montello's Board of Directors and as a member of the Audit Committee effective March 9th. Joseph is a graduate of the University of Alberta and has been in the Oil & Gas Industry for 23 years with 20 of them managing the Dowwest Group of Companies.

ON BEHALF OF THE BOARD OF DIRECTORS

Bill Cawker - CEO and Chairman

Montello Resources (TSX VENTURE:MEO) trades on the TSX Venture Exchange. For further information including 3rd party links, past financials, news releases, photos, etc. please review our web site at www.montello.com.

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

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