The TSX Venture Exchange has accepted for filing documentation pursuant to an assignment and novation agreement dated Nov. 1, 2007, between Montello Resources Ltd. and Vanguard Exploration Corp. The company has agreed to purchase an undivided 6-per-cent working interest from the base of the Mannville formation to the basement. The sale lands are located on the T'suu Tina Reserve, which is located 15 miles west of Calgary, Alta. The company has agreed to purchase the minerals rights underlying the sale lands from Vanguard. Consideration for this acquisition will be 11,663,333 shares of the company at a deemed price of 30 cents per share.