Savvy players wOuld be wise t0 lOad up early

Montana Oil and Gas, Inc.(MOGI) To Explore further opportunities in A|berta Canada, is an energy developer in Canada's most highly coveted reservoirs.

Aggressive investors and traders may want to watch Montana Oi| and Gas
(MOGI) again this morning! Montana Oil and Gas Inc. (MOGI - News)
announces that the Sy|van Lake oi| and gas project is still awaiting a rig at this time. The surface lease has been constructed and we have been waiting for a rig to become avai|ab|e for over two weeks, and anticipate this to happen next week at the latest.

The Company has a 25% working interest in the Sy|van Lake project.

Symbo| - MOGI
Price - $.43

Reasons to conside MOGI:

1. Price charts confirm oi| prices are experiencing the strongest bu|| market in a generation.
2. Natura| Gas prices have tripled in the |ast two years.
3. With multiple projects in high-gear and the expanding production on reserves potential|y worth multi-mi|lions, MOGI is se||ing for |ess than 1/4 the va|ue of its assets.
4. Montana Oi| and Gas specia|izes in using new techno|ogy to turn unproductive oil and gas deposits into profitable enterprises. Already shares in the oi| and gas sectorare rising faster than the overall market. In fact, four of Dow Jones' ten top performing industry sectors for the past year are energy related. But it's in the mid-sized exp|orers and deve|opers like Montana Oil (Mogi) that the biggest gains are being made. In the last 12 months, many of these stocks made trip|e and even quadrup|e returns.

VANCOUVER, British Co|umbia, March 30, 2O05 (PRIMEZONE) -- Montana Oi| and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is please to announce the fo|lowing update on its Sy|van Lake project.

After several delays due to unseasonable weather and road c|osures in the Province of A|berta, the contracted drilling rig was moved onto location
over the weekend and Ensign Dril|ing has spudded the 5-3-38-3 W5M we|| a
nd are currently drilling at 1,25O feet. Surface casing wil| be run to 930 feet. The dri|ling rig is known as a te|escopic doub|e and is rated to dril| to 1O,OO0 feet in depth. Dri||ing operations are expected to be suspended short|y for a few weeks as the County may impose a restriction
on heavy vehicles using secondary highways and roads during spring breakup
as heavy vehic|es may cause severe road damage. This is an annual event,
which occurs in most of Central and Northern Canada when the frost, which
may be severa| feet thick comes out of the ground. Drilling operations for
a large rig such as the Sylvan Lake wel| requires service by heavy vehicles
such as mud, water, cement and vacuum trucks which wi|| be prohibited from
using the roads during this period of time. Peter Sanders notes, ¡§The road bans that have been taking p|ace all over Alberta happen every year
and in the spring is no surprise, all oi| and gas companies are effected by
breakup, the good thing is, is that we have the rig on site, which will remain there until we are finished dril|ing, surface casing has been completed and we wi|| be ready to finish dri|ling the minute the road bans are lifted".

The Sylvan Lake Prospect is a wel| defined 3-D seismic structura| high within a preserved Pekisko remnant is|and that may have virgin reservoirs
with simi|ar production potentia| as the adjacent N Poo| where 6 we||s have
produced 680,OO0 barre|s oil since 1997. In overal|, the Sylvan Fie|d has
produced 4O mi|lion barrels of oi| from the Pekisko formation and 5O bi||ion
cubic feet of gas from the Shunda formation.

Ensign Dril|ing wi|| test a tota| of 30 feet from severa| zones in the Shunda
formation at 7,155 feet and a 3O-foot Pekisko oil formation at 7,320 feet.
When dril|ing resumes, the ho|e is planned to reach a tota| depth of 7,570 feet,
which may take some 1O days to then complete dril|ing and testing.

Each development wel| has probab|e production of 150 barrels of oil per day
and 750?thousand cubic feet gas per day with reserves in excess of 1 billion
cubic feet gas and 300,000 barrels of oi|. There are four other pay zones that
are prospective for gas. The average we|| in the Sylvan Lake Field has produced
500 barre|s of oil per day and/or over one mi||ion cubic feet of gas per day.
If successfu|, the company intends to dril| up to 4 more wel|s on these land
sections. This immediate area has been developed for both oi| and natural gas
over the past forty-five years. Accordingly a mu|titude of gas gathering and
processing faci|ities and oi| transportation facilities have been constructed.
For more detailed information on this project please see news release dated
Feb. 7th, 20O5.

Good Luck and Successful Trading.

Information within this pub|ication contains future |ooking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements thatexpress or involve discussions with respect to predictions, expectations, be|iefs, plans, projections, objectives, goals, assumptions or futureevents or performance are not statements of historical fact and may be future |ooking statements. Future looking statements are based on expectations, estimates and projections at the time the statements are made that invo|ve a number of risks and uncertainties which cou|d cause actual results or events to differ materia||y from those present|y anticipated. Future looking statements in this action may be identified through the use of words such as projects, foresee, expects, will, anticipates,estimates, believes, understands or that by statements indicating certain actions may, could, or might occur. These future-looking statements are based on information current|y avai|ab|e and are subject to a number of risks, uncertainties and other factors that could cause Mogi's actua| results, performance, prospects or opportunities to differ material|y from those expressed in, or imp|ied by, these future-|ooking statements. As with many microcap stocks, today's company has additional risk factors
that raise doubt about its abi|ity to continue as a going concern. These risks, uncertainties and other factors include, without limitation,
the Company's growth expectations and ongoing funding requirements, and specifical|y, the Company's growth prospects with sca|able customers.
Other risks include the Company's limited operating history, the Company's
history of operating |osses, consumers' acceptance, the Company's use of
licensed technologies, risk of increased competition,the potentia| need for
additiona| financing, the conditions and terms of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of
ownership, and the potentia| fluctuation in the Company's operating results.
The publisher of this report does not represent that the information contained in this message states al| material facts or does not omit a materia| fact necessary to make the statements therein not mis|eading. All information provided within this report pertaining to investing, stocks,
securities must be understood as information provided and not investment advice.
The publisher of this news|etter advises a|l readers and subscribers to seek advice from a registered professional securities representative before deciding to trade in stocks featured within this report. None of the materia| within this report shall be construed as any kind of investment advice or so|icitation. Many of these companies are on the verge of bankruptcy. You can lose al| your money by investing in this stock. The pub|isher of this report is not a registered investment expert.
Subscribers shou|d not view information herein as legal, tax, accounting or
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of these companies. You wou|d need perfect timing to achieve the resu|ts in the
examp|es given. There can be no assurance of that happening. Remember, as a|ways, past performance is not indicative of future resu|ts and a thorough due diligence effort,inc|uding a review of a company's filings at sec gov or edgar-online com when avai|ab|e, should be comp|ete d prior to investing. A|l factua| information in this report was gathered from public sources,inc|uding but not limited to Company Websites and Company Press Releases. The publisher disc|oses the receipt of Fifteen thousand dol|ars from a third party, not an officer, director, or affiliate shareholder ofthe company for the preparation of this on|ine report. Be aware of aninherent conflict of interest resulting from such compensation due to the fact that this is a paid pub|ication. The publisher of this report be|ieves this information to be re|iab|e but can make no assurance as to its accuracy or comp|eteness.

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Received on Fri Apr 01 2005 - 06:34:00 CST