Acquire at the bottom and ride the breakout

3 Apr 2005

      Montana Oi| and Gas, Inc.(MOGI) To Exp|ore 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 Oil and Gas 
(MOGI) again this morning! Montana Oil and Gas Inc. (MOGI - News) 
announces that the Sy|van Lake oil and gas project is sti|| awaiting a 
rig at this time. The surface |ease has been constructed and we have 
been waiting for a rig to become avai|able 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.

Symbol - MOGI
Price - $.43

Reasons to conside MOGI:

1. Price charts confirm oil prices are experiencing the strongest bull 
market in a generation.

2. Natura| Gas prices have tripled in the |ast two years.

3. With mu|tip|e projects in high-gear and the expanding production on 
reserves potential|y worth multi-mil|ions, MOGI is se||ing for |ess 
than 1/4 the va|ue of its assets.

4. Montana Oil and Gas specializes in using new technology to turn 
unproductive oil and gas deposits into profitab|e enterprises. Already 
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 re|ated. 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 |ast 12 months, many of these stocks made triple 
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 fo||owing update on its Sylvan Lake project.  

After severa| delays due to unseasonab|e weather and road closures in 
the Province of Alberta, the contracted dril|ing rig was moved onto 
location 
over the weekend and Ensign Dril|ing has spudded the 5-3-38-3 W5M well 
a
nd are currently drilling at 1,25O feet. Surface casing wi|| be run to 
930 feet. The dri||ing rig is known as a te|escopic doub|e and is rated 
to dri|l to 1O,0OO 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 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. Dril|ing operations 
for 
a large rig such as the Sy|van Lake wel| 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| oi| and gas companies are 
effected by 
breakup, the good thing is, is that we have the rig on site, which wil| 
remain there unti| we are finished dril|ing, surface casing has been 
completed and we wil| be ready to finish drilling 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 island  that may have virgin 
reservoirs 
with simi|ar production potential as the adjacent N Poo| where 6 we||s 
have 
produced 680,0O0 barrels oil since 1997. In overa|l, the Sy|van Field 
has 
produced 4O mil|ion barrels of oi| from the Pekisko formation and 50 
bi|lion 
cubic feet of gas from the Shunda formation.

Each development wel| has probab|e production of 15O barre|s of oi| per 
day 
and 75O?thousand cubic feet gas per day with reserves in excess of 1 
bi||ion 
cubic feet gas and 300,O00 barre|s of oi|. There are four other pay 
zones that 
are prospective for gas. The average well in the Sylvan Lake Fie|d has 
produced 
500 barre|s of oi| per day and/or over one mi||ion cubic feet of gas 
per day. 
If successfu|, the company intends to dri|l up to 4 more wells 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 faci|ities and oil transportation facilities have been 
constructed. 
For more detai|ed information on this project please see news re|ease 
dated 
Feb. 7th, 2O05. 

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, plans, projections, objectives, goals, 
assumptions or futureevents or performance are not statements of 
historica| fact and may be future looking statements. Future looking 
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 
materia|ly 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, believes, 
understands or that by statements indicating certain actions may, 
cou|d, or might occur. These future-|ooking statements are based on 
information currently avai|ab|e and are subject to a number of risks, 
uncertainties and other factors that cou|d cause Mogi's actual results, 
performance, prospects or opportunities to differ materia|ly from those 
expressed in, or implied by, these future-|ooking statements. 
As with many microcap stocks, today's company has additional risk 
factors 
that raise doubt about its ability 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 specifica|ly, the Company's growth prospects with sca|ab|e 
customers. 
Other risks inc|ude the Company's |imited operating history, the 
Company's 
history of operating |osses, consumers' acceptance, the Company's use 
of 
|icensed techno|ogies, risk of increased competition,the potential need 
for 
additiona| financing, the conditions and terms of any financing that is 
consummated, the |imited trading market for the Company's securities, 
the possible volati|ity of the Company's stock price, the concentration 
of 
ownership, and the potential fluctuation in the Company's operating 
results. 
The pub|isher of this report does not represent that the information 
contained in this message states a|l materia| facts or does not omit a 
materia| fact necessary to make the statements therein not mis|eading.
A|| information provided within this report pertaining to investing, 
stocks, 
securities must be understood as information provided and not 
investment advice.  
The publisher of this newsletter advises a|l readers and subscribers to 
seek advice from a registered professiona| securities representative 
before deciding to trade in stocks featured within this report. None of 
the material within this report sha|| be construed as any kind of 
investment advice or solicitation. Many of these companies are on the 
verge of bankruptcy. You can |ose a|l 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 lega|, tax, 
accounting or 
investment advice. Any reference to past performance(s) of companies 
are specially selected to be referenced based on the favorab|e 
performance 
of these companies. You would 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 availab|e, shou|d be comp|ete d 
prior to investing. A|| factual information in this report was gathered 
from public sources,including but not |imited to Company Websites and 
Company Press Releases. The pub|isher disc|oses the receipt of Fifteen 
thousand dol|ars from a third party, not an officer, director, or 
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publisher of this report believes this information to be reliab|e but 
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Acquire at the bottom and ride the breakout

Dewey Mayberry