Forward Event Stocks

[EdF]

MWEX .015/.03 December 25, 2004 (approx)

12/13 filed a SC 14F1:

GENERAL

This Information Statement is being mailed on or about December 15, 2004 to the holders of record as of November 30, 2004, of common stock (the "common stock"), of Mountains West Exploration, Inc., a New Mexico corporation (the "Company"). You are receiving this Information Statement in connection with the Company's appointment of new directors to the Board of Directors of the Company (the "Designee") and its anticipated change of control.

On November 3, 2004, Mountains West Exploration, Inc. entered into a Share Purchase Agreement with Skye Blue Ventures, LLC. On November 3, 2004, the Share Purchase Agreement resulted in:

o the shareholders of Skye Blue Ventures, LLC acquiring at least 44% of the Company's common stock; and

o the Company's board of directors and management changing.

At the closing on November 3, 2004, Robert A. Doak, Jr. submitted his resignation from the Board of Directors of the Company effective immediately. David G. Shier submitted his resignation from the Board of Directors of the Company, which resignation shall be effective ten days after this Notice to Shareholders is mailed. At the closing, Denis Iler was appointed a Director effectively immediately. Effective 10 days after this Notice to Shareholders is mailed, Redgie Green was appointed to fill the vacancy created by Mr. Shier's resignation.

CONSUMMATION OF A TRANSACTION HAS RESULTED IN A CHANGE OF CONTROL.


On November 3, 2004, Mountains West Exploration, Inc. entered into a Share Purchase Agreement with Skye Blue Ventures, LLC whereby Skye Blue Ventures, LLC purchased a total of 9,008,332 shares of Mountains West Exploration, Inc. from Robert A. Doak, Jr. and 12,980,729 shares from the Company. The result of this purchase and the subscription described is that Skye Blue Ventures, LLC will own 21,989,061 shares (44%) of Mountains West Exploration, Inc.

No action is required by the shareholders of the Company in connection with the appointment of the new persons to the Board. However, Section 14(f) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), requires the mailing to the Company's shareholders this Information Statement not less than ten days prior to the change in a majority of the Company's directors otherwise than at a meeting of the Company's shareholders.

VOTING SECURITIES AND PRINCIPAL HOLDERS THEREOF

VOTING SECURITIES OF THE COMPANY:

On November 3, 2004, there were approximately 37,019,271 shares of the Company's common stock issued and outstanding. Following the share purchase by Skye Blue Ventures, LLC, there are 50,000,000 shares of the Company's common stock outstanding. Each share of common stock entitles the holder thereof to one vote on each matter that may come before a meeting of the shareholders.