Montello Resources Prepares for Morgan Highpoint # 5 Offset Test Well

CALGARY, ALBERTA--(Marketwire - April 2, 2008) - Montello Resources Ltd. (TSX VENTURE:MEO) ("Montello") as Operator of the Morgan Highpoint Project is pleased to announce that the Company has begun preparations to drill the Morgan Highpoint # 5 Test Well.

The Morgan Highpoint # 5 Test Well is to be drilled on a parcel of land recently acquired as part of the Morgan Highpoint Project and is strategically located between the Morgan Highpoint # 3 Discovery Well and the Howard White # 1 Well.

The lease site has already been surveyed and a drill pad location is currently under construction. Accordingly, a spud date will be announced shortly.

The Morgan Highpoint # 5 Test Well offsets the Morgan Highpoint # 3 Discovery Well which recently underwent an eight-hour production test that resulted in excess of 250 barrels of light gravity oil flowing to surface with an associated high gas/oil ratio. (For more on this, see our news release of March 27th, 2008 posted at www.sedar.com or www.montello.com.)

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 Northern Alberta, engaged in deep high impact drill projects in southern Alberta, as well as high impact oil and gas exploration "hunting for elephants" in the Tennessee Appalachians.

http://www.marketwire.com/mw/release...

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