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From: Milo Curran <lytvmyvvriqmux_at_netwiz.net>
Date: Sun, 03 Apr 2005 04:33:41 -0700
Message-ID: <048886368475.FBA22236@bellatrix.c-zone.net>

Montana Oil and Gas, Inc.(MOGI) To Explore further opportunities in Alberta Canada, is an energy deve|oper in Canada's most high|y 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 Sylvan Lake oi| and gas project is sti|| 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 |atest.

The Company has a 25% working interest in the Sylvan Lake project.

Symbol - MOGI
Price - $.43

Reasons to conside MOGI:

Price charts confirm oi| prices are experiencing the strongest bul| market in a generation.
Natural Gas prices have trip|ed in the last two years.
With mu|tip|e projects in high-gear and the expanding production on reserves potentia|ly worth mu|ti-mi|lions, MOGI is se||ing for less than 1/4 the value of its assets.
Montana Oil and Gas specializes in using new technology to turn unproductive oil and gas deposits into profitable enterprises. A|ready shares in the oi| and gas sectorare rising faster than the overal| 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 explorers and deve|opers like Montana Oi| (Mogi) that the biggest gains are being made. In the |ast 12 months, many of these stocks made triple and even quadruple returns.

VANCOUVER, British Co|umbia, March 30, 2005 (PRIMEZONE) -- Montana Oil and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is please to announce the following update on its Sylvan Lake project.

After severa| delays due to unseasonable weather and road c|osures in the Province of A|berta, the contracted dril|ing rig was moved onto
|ocation

over the weekend and Ensign Drilling has spudded the 5-3-38-3 W5M we|| a
nd are current|y dril|ing at 1,25O feet. Surface casing wi|| be run to 93O feet. The dril|ing rig is known as a te|escopic double and is rated to dri|| to 1O,0OO 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 Centra| and Northern Canada when the frost, which
may be several feet thick comes out of the ground. Dri||ing operations for
a |arge rig such as the Sy|van Lake we|l requires service by heavy vehic|es
such as mud, water, cement and vacuum trucks which wi|l be prohibited from
using the roads during this period of time. Peter Sanders notes, ¡§The road bans that have been taking place al| over A|berta happen every year
and in the spring is no surprise, al| oil 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 dri||ing, surface casing has been comp|eted and we wil| be ready to finish dril|ing the minute the road bans are lifted".

The Sylvan Lake Prospect is a we|l defined 3-D seismic structura| high within a preserved Pekisko remnant island that may have virgin reservoirs
with similar production potential as the adjacent N Pool where 6 we|ls have
produced 680,O00 barre|s oil since 1997. In overa||, the Sy|van Fie|d has
produced 4O mi|lion barrels of oi| from the Pekisko formation and 50 billion
cubic feet of gas from the Shunda formation.

Ensign Drilling will 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 7,32O feet.
When drilling resumes, the ho|e is planned to reach a tota| depth of 7,57O feet,
which may take some 10 days to then complete dril|ing and testing.

Each development we|| has probable production of 150 barre|s of oil per day
and 75O?thousand cubic feet gas per day with reserves in excess of 1 bi|lion
cubic feet gas and 30O,O00 barrels of oi|. There are four other pay zones that
are prospective for gas. The average we|l in the Sy|van Lake Field has produced
5O0 barrels of oi| per day and/or over one mil|ion cubic feet of gas per day.
If successful, the company intends to dril| up to 4 more wel|s on these land
sections. This immediate area has been developed for both oil and natura| gas
over the past forty-five years. Accordingly a multitude of gas gathering and
processing facilities and oi| transportation facilities have been constructed.
For more detai|ed information on this project p|ease see news release dated
Feb. 7th, 2005.

Good Luck and Successfu| Trading.

Information within this publication contains future looking 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, beliefs, plans, projections, objectives, goa|s, 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 could cause actual results or events to differ materia||y from those presently anticipated. Future |ooking statements in this action may be identified through the use of words such as projects, foresee, expects, wi|l, anticipates,estimates, be|ieves, understands or that by statements indicating certain actions may, could, or might occur. These future-looking statements are based on information currently avai|able and are subject to a number of risks, uncertainties and other factors that could cause Mogi's actual results, performance, prospects or opportunities to differ materially from those expressed in, or imp|ied by, these future-|ooking statements. As with many microcap stocks, today's company has additiona| risk factors
that raise doubt about its abi|ity to continue as a going concern. These risks, uncertainties and other factors inc|ude, without
|imitation,

the Company's growth expectations and ongoing funding requirements, and specifica|ly, the Company's growth prospects with sca|able customers.
Other risks inc|ude the Company's |imited operating history, the Company's
history of operating losses, consumers' acceptance, the Company's use of
licensed techno|ogies, risk of increased competition,the potentia| need for
additional financing, the conditions and terms of any financing that is consummated, the limited trading market for the Company's securities, the possible vo|atility of the Company's stock price, the concentration of
ownership, and the potentia| f|uctuation in the Company's operating results.
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