MEO Montello Resources Ltd (Tier2)

Montello Resources Ltd. (TSX VENTURE:MEO) ("Montello") as Operator of the Morgan
Highpoint Project, is pleased to announce that we are rigging up to commence
drilling later today on the Morgan Highpoint #5 Test Well. The Morgan Highpoint
#5 Test Well offsets the Morgan Highpoint #3 Discovery Well and the Morgan
Highpoint #4 Well. We are additionally pleased to announce that the Morgan
Highpoint #3 Discovery Well is now on production. 


The interests in the Morgan Highpoint #5 Test well are as follows: Montello pays
15% for a 35% earned interest, and its JV Partners; Austin Developments Corp. -
TSX Venture Exchange Symbol "AUL", pays 20% for a 30% earned interest, Blackrock
Petroleum Corp. - OTCBB "BRPC", pays 60% for a 30% earned interest, and Park
Place Energy Corp. - OTCBB "PRPL"/ Frankfurt "3P2" pays 5% for a 5% earned
interest.


The Open Hole Logs for the Morgan Highpoint #3 Discovery Well and the Morgan
Highpoint #4 Well were conducted by Weatherford Services, one of the world's
largest oilfield service companies. Schlumberger, also one of the world's
leading oilfield service providers, has run cased hole logs on the John Bowen #1
and the John Bowen #2 Wells. These logs are currently being evaluated by our
geoscientists, as well as by our joint venture partners. The pending results
from the drilling and logging of the Morgan Highpoint #5 Test Well will be
compared to the results obtained from the John Bowen #1 and #2 Wells, and the
Morgan Highpoint #3 and #4 Wells. This information will be key in finalizing
completion plans. 


As a follow up to our news release of March 5, 2008, Montello has cancelled
plans to acquire various shallow oil and gas assets and leases in Central and
Northwestern Alberta from a private Alberta oil and gas company. This
acquisition was being negotiated on a 100% equity basis by issuing shares from
Montello's Treasury at a deemed value of $0.13 per share. Pricing and recent
positive developments in Tennessee, were the determining factors in the
cancellation of the proposed transaction. 


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. For
more on the Morgan Highpoint Project, see our news releases posted at
www.sedar.com or www.montello.com. 


ON BEHALF OF THE BOARD OF DIRECTORS 

William R. (Bill) Cawker, President-CEO

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
equivalency at the wellhead."

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