Montello Puts Morgan Highpoint # 3 "Discovery" Well On Production & Encounters Hydrocarbons at Highpoint # 4 "Test" Well

Montello Resources Ltd. (TSX VENTURE:MEO) ("Montello") as to a 35% earned
interest, and its JV Partners; Austin Developments Corp. - TSX Venture Exchange
Symbol "AUL", as to a 30% earned interest, Blackrock Petroleum Corp. - OTCBB
"BRPC", as to a 30% earned interest, and Park Place Energy Corp. - OTCBB "PRPL",
as to a 5% earned interest, are pleased to announce that they have completed the
drilling, logging, and evaluation of the Morgan Highpoint # 3 "Discovery" Well.


In excess of 250 barrels of light gravity oil flowed to surface during an
eight-hour production test on the Morgan Highpoint # 3 "Discovery" Well with an
associated high gas/oil ratio. These results led to the decision to place the
well on production.


Production optimization levels will be determined once additional storage
facilities and oil transportation arrangements are in place.


After encountering hydrocarbons during drilling operations on the Morgan
Highpoint # 4 Test Well, Montello is now evaluating results prior to preparing
the completion program.


The Company is extremely encouraged by results to date at Highpoint. A
multi-well drilling program is now being finalized on mineral leases that have
already been acquired by Montello and its JV Partners.


About Montello Resources Ltd.

Montello Resources Ltd. (TSX VENTURE:MEO), www.montello.com, 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.


ON BEHALF OF THE BOARD OF DIRECTORS

William R. (Bill) Cawker, President-CEO

Visit www.montello.com for ongoing updates & have your name included on our
mailing list.


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."

Montello Resources Ltd (Tier2) (TSXV:MEO)
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