MONTELLO RESOURCES LTD. ("MEO")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 18, 2009
TSX Venture Tier 1 Company


TSX Venture Exchange has accepted for filing documentation with respect
to a Non-Brokered Private Placement announced November 20, 2008:


Number of Shares:            350,000 flow-through shares
                             7,550,000 common shares


Purchase Price:              $0.025 per flow-through share
                             $0.025 per common share


Number of Warrants:          7,900,000 warrants to purchase 7,900,000 
                             common shares


Exercise Price:              $0.05 per share for a period of one year


Number of Placees:           6 placees


Insider / Pro Group Participation:


                             Insider equals Y /
Name                        ProGroup equals P /    # of Units
William Cawker                              Y       2,200,000
Peter Brown                                 Y       1,000,000


Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement
and setting out the expiry dates of the hold period(s).