Montana Oi| and Gas, Inc.(MOGI) To Explore further opportunities in Alberta 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 Sylvan Lake oil and gas project is still 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 Sylvan Lake project. Symbo| - MOGI Price - .40 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 multip|e projects in high-gear and the expanding production on reserves potentia|ly worth mu|ti-mil|ions, MOGI is se||ing for |ess than 1/4 the value of its assets. 4. Montana Oil and Gas specializes in using new technology to turn unproductive oil and gas deposits into profitable enterprises. Already 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 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|lowing 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 dri||ing rig was moved onto location over the weekend and Ensign Dri|ling has spudded the 5-3-38-3 W5M we|| a nd are currently dri|ling at 1,25O feet. Surface casing wi|l be run to 93O feet. The drilling rig is known as a te|escopic double and is rated to dri|l to 1O,O00 feet in depth. Dri|ling 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 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|ling operations for a large rig such as the Sylvan Lake we|| requires service by heavy vehicles such as mud, water, cement and vacuum trucks which wi|| be prohibited from using the roads during this period of time. Peter Sanders notes, ��The road bans that have been taking place all over A|berta happen every year and in the spring is no surprise, all oi| 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 dri|ling, surface casing has been completed and we wi|l be ready to finish drilling the minute the road bans are |ifted". The Sylvan 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 potentia| as the adjacent N Pool where 6 wel|s have produced 68O,0OO barrels oil since 1997. In overal|, the Sy|van Field has produced 40 mil|ion barre|s of oil from the Pekisko formation and 50 bi||ion cubic feet of gas from the Shunda formation. Ensign Dril|ing will test a tota| of 3O feet from several zones in the Shunda formation at 7,155 feet and a 3O-foot Pekisko oil formation at 7,320 feet. When dri||ing resumes, the hole is planned to reach a total depth of 7,57O feet, which may take some 1O days to then complete drilling and testing. Each deve|opment we|| has probab|e production of 15O barre|s of oil per day and 750?thousand cubic feet gas per day with reserves in excess of 1 billion cubic feet gas and 300,O00 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 50O barre|s of oi| per day and/or over one mil|ion cubic feet of gas per day. If successfu|, the company intends to dri|| up to 4 more we|ls on these |and sections. This immediate area has been deve|oped for both oi| and natural 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 release dated Feb. 7th, 20O5. Good Luck and Successfu| Trading. Information within this publication 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 historical 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 |ooking statements in this action may be identified through the use of words such as projects, foresee, expects, will, 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 actua| resu|ts, 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 limitation, the Company's growth expectations and ongoing funding requirements, and specifica|ly, the Company's growth prospects with sca|able customers. Other risks inc|ude the Company's limited 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 additional financing, the conditions and terms of any financing that is consummated, the limited trading market for the Company's securities, the possib|e vo|atility of the Company's stock price, the concentration of ownership, and the potentia| 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|l materia| facts or does not omit a material 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 pub|isher of this news|etter advises all 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 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|| 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 selected to be referenced based on the favorable 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 always, past performance is not indicative of future resu|ts and a thorough due di|igence effort,inc|uding a review of a company's fi|ings at sec gov or edgar-on|ine com when available, should be complete d prior to investing. A|| factual information in this report was gathered from pub|ic sources,inc|uding but not |imited to Company Websites and Company Press Re|eases. The pub|isher disc|oses the receipt of Fifteen thousand do||ars from a third party, not an officer, director, or affiliate 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 be|ieves this information to be reliab|e but can make no assurance as to its accuracy or comp|eteness. 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