NEWS RELEASE TRANSMITTED BY Marketwire

FOR:  MONTELLO RESOURCES LTD.

TSX VENTURE SYMBOL:  MEO

NOVEMBER 25, 2008

Montello Provides Update on Highpoint Tennessee, Pincher Creek 
and Mulligan, Alberta Operations

CALGARY, ALBERTA--(Marketwire - Nov. 25, 2008) - Montello Resources Ltd. 
("Montello") (TSX VENTURE:MEO) is pleased to announce that, subsequent to 
the issuance by Montello of an independent operations notice to its 
partners, the well (Pennine Pincher Creek 1-11-4-29 W4M) has been re-entered 
by Pennine with the objective of confirming the production capability of the 
Brown Sand formation. Upon the well being opened to flow, gas was recorded 
at the wellhead and oil flowed to surface from the Brown Sand formation for 
a continuous period of 33 hours with a total oil recovery of 327 barrels of 
condensate, at which time the pumpjack was activated but had to be shut down 
due to overheating. The pumpjack was activated the following morning without 
being able to pump any fluids to the surface, due to mechanical failure in 
Montello's opinion. The well has been shut-in and secured pending a 
technical review of the mechanical pumping configuration. 

In Tennessee, Montello is currently onsite at the John Bowen No. 2 well, and 
is heading into day 8 of its completion attempt in the deep gas zone. The 
Company expects to perforate the zone of interest shortly. As previously 
announced, cased hole logs that were run by Schlumberger confirmed a 
potential gas zone at 8,275 feet in the Rome Formation. 

At Mulligan, Montello has recently completed the construction of a water 
pipeline, which is allowing the Company to dispose more water including 3rd 
party sources. This will resolve any potential voidage issues going forward 
as well as increase daily oil production. 

As previously announced, Montello is seeking approval for a non-brokered 
flow-through private placement unit financing consisting of up to 1,550,000 
units priced at $0.31 per unit, with proceeds of $480,500 from the offering. 
The proceeds of the offering will be applied towards Montello's oil and/or 
natural gas properties in Morgan County, Tennessee, and 
exploratory-completion activities on Montello's Alberta properties. 

By month end Montello will have filed its annual engineering report and its 
audited year end financials. 

ON BEHALF OF THE BOARD OF DIRECTORS 

Montello Resources Ltd. 

Peter C. Brown, President-CEO 

All prospective and current shareholders of Montello Resources are invited 
to join the company's official investment forum exclusively at Pinnacle 
Digest: http://www.pinnacledigest.com/company/meo&#58ca. The forum allows 
for investor controlled discussion, questions and progressive feedback from 
other shareholders and investors. Third party reports on the company are 
also available at www.pinnacledigest.com. Please also go to www.sedar.com 
for a detailed list of all Montello's filings and to our web site 
www.montello.com for articles, photos, previous news releases, financials, 
etc. 

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 
eequivalency at the wellhead." 

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FOR FURTHER INFORMATION PLEASE CONTACT:

Montello Resources Ltd.
Larry Myles
(604) 408-7600
Email: lmyles@montello.com
or
Montello Resources Ltd.
Bill Cawker
Chairman of the Board
(604) 649-0080
Email: bcawker@montello.com
Website: www.montello.com

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

INDUSTRY:  EUOG
SUBJECT:  MEX

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