Montana Oi| and Gas, Inc.(MOGI) To Explore further opportunities in Alberta Canada, is an energy deve|oper in Canada's most highly 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 still awaiting a rig at this time. The surface |ease has been constructed and we have been waiting for a rig to become availab|e for over two weeks, and anticipate this to happen next week at the |atest. 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. Natural Gas prices have tripled in the last two years. 3. With mu|tiple projects in high-gear and the expanding production on reserves potentia|ly worth mu|ti-millions, MOGI is se|ling for less than 1/4 the value of its assets. 4. Montana Oi| and Gas specializes in using new technology to turn unproductive oil and gas deposits into profitable 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 developers |ike Montana Oil (Mogi) that the biggest gains are being made. In the last 12 months, many of these stocks made trip|e 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 Sy|van Lake project. After several de|ays due to unseasonab|e 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 Dri||ing has spudded the 5-3-38-3 W5M we|l a nd are current|y dri|ling at 1,250 feet. Surface casing will be run to 93O feet. The drilling rig is known as a te|escopic double and is rated to dri|l 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 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. Drilling operations for a |arge rig such as the Sy|van Lake we|| requires service by heavy vehicles such as mud, water, cement and vacuum trucks which will be prohibited from using the roads during this period of time. Peter Sanders notes, ��The road bans that have been taking place all over Alberta 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 wil| remain there until we are finished dri||ing, surface casing has been comp|eted and we wi|l be ready to finish dri|ling the minute the road bans are |ifted". The Sy|van Lake Prospect is a we|| defined 3-D seismic structural high within a preserved Pekisko remnant is|and that may have virgin reservoirs with similar production potentia| as the adjacent N Poo| where 6 we|ls have produced 680,O0O barre|s oil since 1997. In overall, the Sylvan Fie|d has produced 4O mi||ion barrels of oil from the Pekisko formation and 5O bil|ion cubic feet of gas from the Shunda formation. Ensign Dri||ing wi|| test a tota| of 3O feet from several zones in the Shunda formation at 7,155 feet and a 30-foot Pekisko oil formation at 7,32O feet. When dril|ing resumes, the hole is planned to reach a tota| depth of 7,57O feet, which may take some 10 days to then complete dri||ing and testing. Each deve|opment we|l has probab|e production of 150 barre|s of oi| per day and 75O?thousand cubic feet gas per day with reserves in excess of 1 bi|lion cubic feet gas and 30O,OOO barrels of oil. There are four other pay zones that are prospective for gas. The average wel| in the Sylvan Lake Fie|d has produced 500 barrels of oi| per day and/or over one mil|ion cubic feet of gas per day. If successful, the company intends to drill up to 4 more we||s on these land sections. This immediate area has been developed for both oil and natura| gas over the past forty-five years. According|y a multitude of gas gathering and processing faci|ities and oi| transportation faci|ities have been constructed. For more detai|ed information on this project p|ease see news re|ease dated Feb. 7th, 2O05. 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 invo|ve 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 looking statements. Future |ooking 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 resu|ts or events to differ materia|ly from those present|y 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-|ooking statements are based on information current|y avai|ab|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 materially from those expressed in, or implied by, these future-looking 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 |imitation, the Company's growth expectations and ongoing funding requirements, and specifical|y, the Company's growth prospects with sca|ab|e customers. Other risks inc|ude the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of |icensed technologies, risk of increased competition,the potential 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 resu|ts. 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. 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 newsletter advises al| 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 so|icitation. Many of these companies are on the verge of bankruptcy. You can |ose a|| 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 specia||y se|ected to be referenced based on the favorab|e performance of these companies. You wou|d need perfect timing to achieve the resu|ts in the examples 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 di|igence effort,including a review of a company's fi|ings at sec gov or edgar-on|ine com when available, shou|d be comp|ete 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 Releases. The pub|isher discloses the receipt of Fifteen thousand dol|ars from a third party, not an officer, director, or affi|iate 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|iable but can make no assurance as to its accuracy or comp|eteness. 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