March 10, 2008 NR
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Calgary, Alberta, March 10, 2008: Montello Resources Ltd. - TSX Venture Exchange Symbol "MEO" announces that the participating interests in the Morgan Highpoint # 3 and # 4 Test Wells are as follows: Montello, as Operator, is paying 15% of all costs associated with both the Morgan Highpoint # 3 and # 4 Test Wells to earn a 35% interest in the associated production spacing units. Austin Developments Corp. - TSX Venture Exchange Symbol "AUL" is paying 20% of the costs to earn a 30% interest, Blackrock Petroleum Corp. -- OTCBB "BRPC" is paying 60% of the costs to earn a 30% interest and Park Place Energy Corp. -- OTCBB "PRPL" is paying 5% of the costs to earn a 5% interest.
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