Calgary, Alberta, March 13, 2009: Montello Resources Ltd. (TSX Venture Exchange Symbol "MEO") ("Montello") have been advised this past week by the Operator at Pincher Creek, that the pipeline license was granted on or about February 9th, 2009 by the Energy Resources Conservation Board (ERCB). According to the Operator, although the land owners filed a letter of objection on February 13th, 2009, most of the objections were commercial and according to the Operator, have now been addressed. This follows up on the preliminary approval that was received on January 29, 2009 from the Energy Resources Conservation Board (ERCB), allowing for commencement of construction of a 258 meter long sweet gas pipeline that will connect 100/01-11-04-29W4M well to the pipeline system feeding Shell Oil's Waterton gas plant.

The Company is pleased to announce the appointments of Messrs. Arndt Roehlig and Gerry Lefevre as Independent Members of the Board of Directors. Peter Brown is taking over as Chairman in addition to his duties as President and CEO. Bill Cawker is stepping down as chairman and director but has agreed to assist with a smooth transition. Montello's Executive is now 100% based in Calgary.

Mr. Roehlig resides in Vancouver, B.C. and is the President and a Director of Trivello Energy Corp. since 2001. He brings many years of public market experience to the Company having served as a Director for various public companies over the years. Previously to joining Trivello's Board of Directors, Mr. Roehlig was the President of a successful building contractor.

Gerry Lefevre is a physician and resides in Winnipeg, Manitoba. He is a significant shareholder and has dedicated much time learning more about our projects especially in Southwest Alberta, assisting us in our efforts with JV Partners. He has been involved in various roles for over 15 years in start up private and public companies in the natural resource and bio-medical sectors.

Certain holders of the remaining 1,275,000 incentive stock options issued and outstanding , have been informed that their stock options are to be cancelled if not immediately exercised as more than 30 days have passed since performance of any consulting services, while others have agreed to the cancellation of their options all priced at 10 cents. There will be no stock options outstanding at the completion of this event.


ON BEHALF OF THE BOARD OF DIRECTORS

"Peter C. Brown"
Peter C .Brown
President-CEO