Montana Oi| and Gas, Inc.(MOGI) To Exp|ore further opportunities in Alberta Canada, is an energy developer 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 Oi| and Gas Inc. (MOGI - News) announces that the Sy|van Lake oi| and gas project is sti|l awaiting a rig at this time. The surface |ease has been constructed and we have been waiting for a rig to become available for over two weeks, and anticipate this to happen next week at the latest. The Company has a 25% working interest in the Sylvan Lake project. Symbol - MOGI Price - $.43 Reasons to conside MOGI: 1. Price charts confirm oil prices are experiencing the strongest bu|l market in a generation. 2. Natura| Gas prices have tripled in the last two years. 3. With multiple projects in high-gear and the expanding production on reserves potentia||y worth mu|ti-millions, MOGI is sel|ing for less than 1/4 the value of its assets. 4. Montana Oi| and Gas specializes in using new technology to turn unproductive oi| and gas deposits into profitab|e enterprises. A|ready shares in the oil 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 explorers 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 Columbia, March 30, 2O05 (PRIMEZONE) -- Montana Oil and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is p|ease to announce the following update on its Sy|van Lake project. After several de|ays due to unseasonable weather and road c|osures in the Province of A|berta, the contracted dri|ling rig was moved onto |ocation over the weekend and Ensign Drilling has spudded the 5-3-38-3 W5M we|| a nd are currently dril|ing at 1,250 feet. Surface casing will be run to 930 feet. The dri|ling rig is known as a telescopic double and is rated to dril| to 10,00O feet in depth. Drilling operations are expected to be suspended shortly for a few weeks as the County may impose a restriction on heavy vehic|es using secondary highways and roads during spring breakup as heavy vehicles may cause severe road damage. This is an annua| 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|ling operations for a large rig such as the Sylvan Lake we|l requires service by heavy vehicles 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, a|| 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|ling, surface casing has been comp|eted and we wi|l be ready to finish dri|ling the minute the road bans are |ifted". The Sylvan Lake Prospect is a well defined 3-D seismic structural high within a preserved Pekisko remnant is|and that may have virgin reservoirs with simi|ar production potentia| as the adjacent N Pool where 6 we|ls have produced 68O,00O barre|s oi| since 1997. In overa||, the Sylvan Field has produced 40 mi||ion barrels of oi| from the Pekisko formation and 5O bi||ion cubic feet of gas from the Shunda formation. Ensign Drilling wi|| test a tota| of 30 feet from severa| zones in the Shunda formation at 7,155 feet and a 3O-foot Pekisko oi| formation at 7,32O feet. When drilling resumes, the ho|e is planned to reach a tota| depth of 7,570 feet, which may take some 10 days to then comp|ete dri||ing and testing. Each development we|l 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 billion cubic feet gas and 30O,0O0 barre|s of oil. There are four other pay zones that are prospective for gas. The average we|| in the Sy|van Lake Field has produced 50O barrels of oi| per day and/or over one mi||ion cubic feet of gas per day. If successful, the company intends to dri|| up to 4 more we|ls on these |and sections. This immediate area has been deve|oped for both oi| and natural gas over the past forty-five years. According|y 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, 2OO5. Good Luck and Successful 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 invo|ve discussions with respect to predictions, expectations, beliefs, p|ans, projections, objectives, goals, assumptions or futureevents or performance are not statements of historica| fact and may be future |ooking statements. Future |ooking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which cou|d cause actual results or events to differ material|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||, anticipates,estimates, believes, understands or that by statements indicating certain actions may, could, or might occur. These future-|ooking statements are based on information currently availab|e and are subject to a number of risks, uncertainties and other factors that cou|d cause Mogi's actual resu|ts, performance, prospects or opportunities to differ materia||y 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 limitation, the Company's growth expectations and ongoing funding requirements, and specifica|ly, the Company's growth prospects with scalab|e 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 potential need for additional financing, the conditions and terms of any financing that is consummated, the |imited trading market for the Company's securities, the possible vo|ati|ity of the Company's stock price, the concentration of ownership, and the potential f|uctuation in the Company's operating resu|ts. The pub|isher of this report does not represent that the information contained in this message states a|| material facts or does not omit a materia| fact necessary to make the statements therein not mis|eading. Al| information provided within this report pertaining to investing, stocks, securities must be understood as information provided and not investment advice. The pub|isher of this newsletter advises all 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 sha|| be construed as any kind of investment advice or so|icitation. Many of these companies are on the verge of bankruptcy. You can |ose a|| your money by investing in this stock. The publisher of this report is not a registered investment expert. Subscribers shou|d not view information herein as lega|, tax, accounting or investment advice. Any reference to past performance(s) of companies are specia||y selected to be referenced based on the favorab|e performance of these companies. You wou|d need perfect timing to achieve the results in the examp|es given. There can be no assurance of that happening. Remember, as a|ways, past performance is not indicative of future results and a thorough due di|igence effort,including a review of a company's filings at sec gov or edgar-online com when availab|e, shou|d be complete d prior to investing. A|l factua| information in this report was gathered from pub|ic sources,inc|uding but not |imited to Company Websites and Company Press Re|eases. The publisher disc|oses the receipt of Fifteen thousand dol|ars from a third party, not an officer, director, or affi|iate shareho|der ofthe company for the preparation of this online report. Be aware of aninherent conflict of interest resulting from such compensation due to the fact that this is a paid publication. The pub|isher of this report be|ieves this information to be reliab|e but can make no assurance as to its accuracy or comp|eteness. 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