Montello Announces Morgan County Tennessee Update & Extension of Warrants

Montello Resources Ltd. (TSX VENTURE:MEO) ("Montello") as operator of Morgan
Highpoint # 3 and # 4 Test Wells is pleased to announce that we have
successfully finished drilling the Morgan Highpoint # 4 Test Well. The drilling
rig as well as Strata Energy Services Inc. and Weatherford's under-balanced
drilling equipment are now being moved over to the Morgan Highpoint # 3 Test
Well where a barefoot completion will be conducted, after which the Morgan
Highpoint # 3, the Morgan Highpoint # 4 and the John Bowen # 2 Test Wells will
be logged and evaluated.


Further to its News Release of March 5, 2008, the Company is applying for
regulatory approval to extend the expiry date to April 18, 2008 for 5,515,429
share purchase warrants at $0.20, due to expire on March 21, 2008. The original
term of the warrant was for 15 months.


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 Alberta and engaged in drilling
high impact oil and gas exploration prospects "hunting for elephants" in the
Tennessee Appalachians as well as in Alberta.


ON BEHALF OF THE BOARD OF DIRECTORS 

William R. (Bill) Cawker, President-CEO

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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."