Montello Resources Ltd. (MLORF)

[FISH1031]

Montello et al Encounter Hydrocarbons In Morgan Highpoint #5 Offset Test Well
Wednesday April 23, 9:15 am ET


CALGARY, ALBERTA--(Marketwire - April 23, 2008) - Montello Resources Ltd. (TSX VENTURE:MEO - News), as Operator of the Morgan Highpoint Project, is pleased to announce that the Company has drilled and logged the Morgan Highpoint #5 Test Well to total depth. Hydrocarbons were encountered during the drilling of the well.
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Montello and its JV Partners are encouraged with the results achieved to date on the Morgan Highpoint Project and look forward to announcing completion plans in due course. Montello has engaged an energy services company and will be meeting with the partners to discuss the most efficient way to move forward on the Morgan Highpoint #4 and Morgan Highpoint #5 Wells.

The Morgan Highpoint #5 Well was drilled on a parcel of land that was 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 earned interests in the Morgan Highpoint #4 and #5 wells are Montello 35%, Austin Developments Corp. 30%, Blackrock Petroleum Corp. 30% and Park Place Energy Corp. 5%.