Montello Announces Under-Balance Drillers Mobilize At Highpoint, Tennessee

CALGARY, ALBERTA--(Marketwire - March 18, 2008) - Montello Resources Ltd. (TSX VENTURE:MEO) ("Montello") is pleased to announce that Strata Energy Services Inc., ("Strata") based in Red Deer, Alberta, Canada and Weatherford Services personnel from Casper, Wyoming, who specialize in Nitrogen drilling packages, have mobilized and set up their under-balanced drilling equipment on the Morgan Highpoint # 4 Test Well. Upon reaching total depth on the Morgan Highpoint # 4 Test Well, the drilling rig and Strata's under-balanced equipment will be moved onto the Morgan Highpoint # 3 Test Well which will then be drilled to total depth.

By drilling the wells under-balanced, damage to the fractured reservoirs, which are renowned for producing high volumes of both gas and oil, can be minimized. In addition, by drilling the wells under-balanced the test wells can effectively be tested and produced at the same time that they are being drilled, thereby providing significant information as to how best to complete and equip them.

Strata's management and engineering team has been involved in the drilling of over 500 wells under-balanced. Strata has a strong background in all aspects of managed pressure and under-balanced drilling operations including compression, nitrogen, surface recovery and rotating flow diverters.

The John Bowen # 2 Test Well will be logged and evaluated utilizing the same crew that will be logging the Morgan Highpoint # 3 & # 4 Test Wells. With having already encountered hydrocarbons in the Morgan Highpoint # 3 Test Well, we are excited about getting all three test wells drilled, logged and evaluated.

Drilling ahead on Morgan Highpoint # 4 was done to avoid keeping the rig idle awaiting for Strata Energy and Weatherford personnel and equipment to mobilize on-site for Test Well # 3. We have accomplished our goal of expediting drilling on both the # 3 and # 4 wells with as little down time as possible.

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