FYI,,,COPIED AND PASTED,,,

Source MARKET NEWS

Date 01/21/2008

Time 02:51:13 AM

Company Montello Resources Ltd.

Title Short

Positions on 2008/01/15 414

CDNX Symbol: MEO

Press Release

MONTELLO RESOURCES LTD ("MEO-V")

- Short Positions on 2008/01/15 414 -556 0.14

//st

Net Total Last Total Price

Date Change Shorted Price Volume Range

------------------------------------...

2008/01/15 -556 414 0.14 2,233,468 0.13 - 0.14

2007/12/31 970 970 0.14 8,111,847 0.09 - 0.15

2007/12/15 0 0 0.13* 4,721,668 0.13 - 0.16

2007/11/30 -200,392 0 0.16 6,846,377 0.15 - 0.18

2007/11/15 199,897 200,392 0.16 13,272,163 0.16 - 0.23

2007/10/31 -2,673,193 495 0.23 23,729,807 0.20 - 0.24

2007/10/15 2,637,904 2,673,688 0.23 43,403,698 0.16 - 0.24

2007/09/30 -189,216 35,784 0.18* 10,516,405 0.15 - 0.18

* - Indicates that the closing price used is the last non-zero

closing price and is not the closing price on the report date.

//et

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