Somebody wants another month to decide whether or not to purchase @ 20 cents. Those persons evidently believe there's still some risk ?

MONTELLO RESOURCES LTD. ("MEO")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: March 20, 2008
TSX Venture Tier 1 Company


TSX Venture Exchange has consented to the extension in the expiry date of
the following warrants:


# of Warrants: 5,515,429
Original Expiry Date of Warrants: March 21, 2008
New Expiry Date of Warrants: April 18, 2008
Exercise Price of Warrants: $0.20 per share


These warrants were issued pursuant to a private placement of shares with
share purchase warrants attached, which was accepted for filing by the
Exchange December 22, 2006.


TSX-X