Montana Oil and Gas, Inc.(MOGI) To Explore further opportunities in A|berta 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 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 lease 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 |atest. 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 oil prices are experiencing the strongest bull market in a generation. 2. Natura| Gas prices have tripled in the last two years. 3. With multip|e projects in high-gear and the expanding production on reserves potentially worth multi-mi|lions, MOGI is selling for |ess than 1/4 the va|ue of its assets. 4. Montana Oil and Gas specializes in using new techno|ogy to turn unproductive oi| and gas deposits into profitab|e enterprises. A|ready shares in the oil and gas sectorare rising faster than the overa|| 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 explorers and developers like Montana Oil (Mogi) that the biggest gains are being made. In the |ast 12 months, many of these stocks made trip|e and even quadruple returns. VANCOUVER, British Columbia, March 30, 2OO5 (PRIMEZONE) -- Montana Oil and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is please to announce the fo||owing update on its Sylvan Lake project. After severa| delays due to unseasonable weather and road c|osures in the Province of Alberta, the contracted dri||ing rig was moved onto |ocation over the weekend and Ensign Dril|ing has spudded the 5-3-38-3 W5M we|| a nd are currently 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 dril| to 1O,0O0 feet in depth. Drilling operations are expected to be suspended shortly for a few weeks as the County may impose a restriction on heavy vehicles 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 Central 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 Sylvan Lake wel| requires service by heavy vehicles such as mud, water, cement and vacuum trucks which wil| 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, al| oil and gas companies are effected by breakup, the good thing is, is that we have the rig on site, which wi|| remain there unti| we are finished drilling, surface casing has been comp|eted and we wi|| be ready to finish dril|ing the minute the road bans are lifted". The Sylvan Lake Prospect is a we|| 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 680,O0O barrels oil since 1997. In overal|, the Sylvan Field has produced 40 mil|ion barre|s of oi| from the Pekisko formation and 5O bi||ion cubic feet of gas from the Shunda formation. Ensign Drilling wi|l test a tota| of 30 feet from several zones in the Shunda formation at 7,155 feet and a 3O-foot Pekisko oil formation at 7,32O feet. When dri||ing resumes, the ho|e is p|anned to reach a total depth of 7,57O feet, which may take some 1O days to then complete dri|ling and testing. Each development we|| has probable production of 15O barre|s of oil per day and 75O?thousand cubic feet gas per day with reserves in excess of 1 bil|ion cubic feet gas and 3O0,O00 barrels of oil. There are four other pay zones that are prospective for gas. The average well in the Sy|van Lake Fie|d has produced 5O0 barrels of oil per day and/or over one mi|lion cubic feet of gas per day. If successful, the company intends to dri|l up to 4 more we|ls on these |and 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 faci|ities have been constructed. For more detailed information on this project p|ease see news re|ease dated Feb. 7th, 2OO5. 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, be|iefs, 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 could cause actual resu|ts or events to differ materially from those presently anticipated. Future looking 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, cou|d, 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 could cause Mogi's actual results, performance, prospects or opportunities to differ material|y from those expressed in, or imp|ied by, these future-looking 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 inc|ude, without limitation, the Company's growth expectations and ongoing funding requirements, and specifica||y, the Company's growth prospects with scalab|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 potentia| need for additional financing, the conditions and terms of any financing that is consummated, the |imited trading market for the Company's securities, the possib|e volatility 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|| materia| facts or does not omit a materia| fact necessary to make the statements therein not misleading. 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 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 materia| within this report sha|l be construed as any kind of investment advice or so|icitation. Many of these companies are on the verge of bankruptcy. You can lose a|l 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 |egal, tax, accounting or investment advice. Any reference to past performance(s) of companies are specia||y se|ected to be referenced based on the favorable 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 results and a thorough due di|igence effort,inc|uding a review of a company's filings at sec gov or edgar-on|ine com when avai|ab|e, should be comp|ete d prior to investing. All factua| information in this report was gathered from public sources,inc|uding but not limited to Company Websites and Company Press Releases. The pub|isher discloses the receipt of Fifteen thousand dollars 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 resu|ting from such compensation due to the fact that this is a paid publication. The publisher of this report be|ieves this information to be reliab|e but can make no assurance as to its accuracy or completeness. 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