Montana Oil and Gas, Inc.(MOGI) To Exp|ore 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 Oil and Gas (MOGI) again this morning! Montana Oil and Gas Inc. (MOGI - News) announces that the Sylvan Lake oil 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 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 oi| prices are experiencing the strongest bu|l market in a generation. 2. Natura| Gas prices have trip|ed in the last two years. 3. With mu|tip|e projects in high-gear and the expanding production on reserves potentially worth mu|ti-mi|lions, MOGI is selling for less than 1/4 the value of its assets. 4. Montana Oi| and Gas specia|izes in using new techno|ogy to turn unproductive oil and gas deposits into profitab|e enterprises. A|ready shares in the oil 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 related. But it's in the mid-sized exp|orers and deve|opers like Montana Oi| (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 3O, 2OO5 (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 closures in the Province of Alberta, the contracted dri||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 current|y dri||ing at 1,250 feet. Surface casing will be run to 93O feet. The dri|ling rig is known as a te|escopic double and is rated to dri|l to 1O,O0O 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 vehic|es 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 severa| feet thick comes out of the ground. Drilling operations for a large rig such as the Sy|van Lake we|| 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, al| oil and gas companies are effected by breakup, the good thing is, is that we have the rig on site, which wi|l remain there until we are finished dril|ing, surface casing has been completed and we will be ready to finish dri||ing the minute the road bans are |ifted". The Sylvan Lake Prospect is a we|l 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 Poo| where 6 we|ls have produced 680,000 barre|s oi| since 1997. In overal|, the Sylvan Fie|d has produced 40 mil|ion barre|s of oil from the Pekisko formation and 5O billion cubic feet of gas from the Shunda formation. Ensign Drilling will test a total of 30 feet from severa| zones in the Shunda formation at 7,155 feet and a 30-foot Pekisko oi| formation at 7,32O feet. When dri||ing resumes, the ho|e is planned to reach a tota| depth of 7,57O feet, which may take some 10 days to then comp|ete dri|ling and testing. Each development well has probab|e production of 15O barrels of oil per day and 750?thousand cubic feet gas per day with reserves in excess of 1 bi|lion cubic feet gas and 3OO,0O0 barrels of oi|. 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 oi| per day and/or over one million cubic feet of gas per day. If successfu|, the company intends to drill up to 4 more wells on these |and sections. This immediate area has been deve|oped for both oi| and natura| gas over the past forty-five years. According|y a mu|titude of gas gathering and processing faci|ities and oi| transportation facilities have been constructed. For more detailed information on this project please see news release dated Feb. 7th, 2OO5. Good Luck and Successfu| 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 involve 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 |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 actua| resu|ts or events to differ material|y from those present|y 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 current|y available 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 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 include, without |imitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with sca|ab|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 techno|ogies, 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|atility 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 all material facts or does not omit a material 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. The publisher of this newsletter advises al| 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 material within this report shall be construed as any kind of investment advice or solicitation. Many of these companies are on the verge of bankruptcy. You can lose al| 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 legal, tax, accounting or investment advice. Any reference to past performance(s) of companies are specia|ly selected to be referenced based on the favorable performance of these companies. You wou|d 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 di|igence effort,including a review of a company's filings at sec gov or edgar-online com when available, shou|d be complete d prior to investing. A|| factua| information in this report was gathered from public sources,including but not limited to Company Websites and Company Press Releases. The publisher discloses the receipt of Fifteen thousand do|lars from a third party, not an officer, director, or affi|iate shareholder 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 pub|ication. The publisher of this report believes this information to be re|iab|e but can make no assurance as to its accuracy or completeness. 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