Financings that are not done thru an Exchange Offering Prospectus

MONTELLO RESOURCES LTD. ("MEO")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: March 20, 2008
TSX Venture Tier 1 Company

TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:

# of Warrants: 5,515,429
Original Expiry Date of Warrants: March 21, 2008
New Expiry Date of Warrants: April 18, 2008
Exercise Price of Warrants: $0.20 per share

These warrants were issued pursuant to a private placement of shares with share purchase warrants attached, which was accepted for filing by the Exchange December 22, 2006

TSX-X

http://infoventure.tsx.com/TSXVenture/TSXVentureHttpController?GetPage=NoticesContents&PO_ID=1009052&NOTICE_ID=131444&CORRECTION_FLG=N&HC_FLAG1=checked

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