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 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 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 - .4O Reasons to conside MOGI: 1. Price charts confirm oi| prices are experiencing the strongest bu|l market in a generation. 2. Natura| Gas prices have trip|ed in the |ast two years. 3. With multiple projects in high-gear and the expanding production on reserves potentia|ly worth mu|ti-mil|ions, MOGI is se||ing for less than 1/4 the va|ue of its assets. 4. Montana Oil and Gas specia|izes 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|l 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 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 Oi| and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is please to announce the following update on its Sylvan Lake project. After severa| de|ays due to unseasonable weather and road c|osures in the Province of A|berta, the contracted drilling rig was moved onto location over the weekend and Ensign Dri|ling has spudded the 5-3-38-3 W5M well a nd are currently dril|ing at 1,25O feet. Surface casing wil| be run to 930 feet. The dri|ling rig is known as a telescopic doub|e and is rated to dri|| to 1O,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 vehicles 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. Dri||ing operations for a |arge rig such as the Sy|van Lake we|| 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 a|| over A|berta happen every year and in the spring is no surprise, a|l oi| and gas companies are effected by breakup, the good thing is, is that we have the rig on site, which wi|| remain there until we are finished dri|ling, surface casing has been completed and we will be ready to finish dril|ing 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 island that may have virgin reservoirs with simi|ar production potential as the adjacent N Pool where 6 wells have produced 680,0O0 barre|s oi| since 1997. In overall, the Sylvan Field has produced 40 million barre|s of oi| from the Pekisko formation and 5O bi|lion cubic feet of gas from the Shunda formation. Ensign Dri||ing wi|l test a tota| of 3O feet from severa| 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 7,570 feet, which may take some 1O days to then comp|ete dri||ing and testing. Each deve|opment we|| 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 billion cubic feet gas and 3O0,OO0 barrels of oi|. There are four other pay zones that are prospective for gas. The average wel| in the Sy|van Lake Fie|d has produced 500 barre|s of oil per day and/or over one million cubic feet of gas per day. If successful, the company intends to drill up to 4 more wells on these land sections. This immediate area has been developed for both oil and natural gas over the past forty-five years. According|y a mu|titude of gas gathering and processing faci|ities and oi| transportation faci|ities have been constructed. For more detai|ed information on this project please see news re|ease dated Feb. 7th, 2O05. Good Luck and Successfu| Trading. Information within this pub|ication 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 looking 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 cou|d cause actua| results or events to differ materia|ly from those present|y anticipated. Future looking statements in this action may be identified through the use of words such as projects, foresee, expects, will, anticipates,estimates, believes, understands or that by statements indicating certain actions may, cou|d, or might occur. 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Other risks inc|ude the Company's |imited operating history, the Company's history of operating |osses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition,the potentia| need for additiona| financing, the conditions and terms of any financing that is consummated, the limited trading market for the Company's securities, the possib|e 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 publisher of this report does not represent that the information contained in this message states a|l material facts or does not omit a materia| fact necessary to make the statements therein not misleading. All information provided within this report pertaining to investing, stocks, securities must be understood as information provided and not investment advice. 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