For the last 3 years, Montello BOD have screwed up everything they touched:

1. Stifled the truth about Morgan Highpoint which INVESTORS paid $10+M to drill and didn't even get a good story

2. Haven't reported producing a drop of marketable hydrocarbons from the "prolific" Pincher Creek Field

3. Have generated multiple lawsuits (Noble Drilling Company, Pennine Petroleum etc.), none of which have ended in victory

4. Have driven several "partners" into bankrupcy/insolvency (Park Place, Black Rock etc.)

5. Couldn't produce a financial report with sufficient competence to regain permission to trade on the TSX-V.

6. Have been unable to attract a CEO with demonstrated competence in producing either product or service, EVER !

7. Current clown presiding over lawsuits, failure to be cleared by TSX-V and persistently ground-losing "strategy" is selling OUR assets instead of looking for another job.

Example of Brilliant Plan "B" from the June Press Release

"Pincher Creek

The company has new information pertaining to the operation of the 1-11 well and the status of the pipeline. Pennine was unsuccessful in its application for the pipeline extension; in turn, a new license will be applied for. The company will advise its shareholders of any new developments as soon as it has information.

ON BEHALF OF THE BOARD OF DIRECTORS

"Peter C. Brown" Peter C .Brown President-CEO-Chairman "