Montello Resources Ltd., www.montello.com is a publicly traded company listed on the TSX Venture Exchange trading under the symbol (TSX-V MEO). Management's goal is to pursue opportunities for high impact oil and gas exploration and recompletion projects in the Appalachian Basin in Tennessee as well as search for potential high impact exploration drilling opportunities back home in the Province of Alberta, Canada's oil and gas heartland..
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| ||Tue May 6, 2014|
Montello Announces New Director and CEO
| ||The Company wishes to announce the appointment of Mr. James O'Brien as Director, Chairman, Chief Executive Officer of the Company with Mr. Peter Brown's resignation from these positions effective immediately. The Company wishes to thank Mr. Brown for his work to reinvigorate the Pincher Creek Project and is pleased that he will continue to provide geological expertise to Montello as well as join the newly formed Advisory Board initially tasked with cleaning up outstanding corporate accounting and filing matters necessary to qualify Montello for reinstatement of trading.|
Mr. O'Brien has a strong understanding of acquisitions and structuring and has demonstrated an ability to raise capital/financing with his knowledge of equity markets and familiarity with audits. He has a global network of business associates and contacts in 29 countries, 10 Canadian provinces and 26 U.S. states and is experienced in debt syndication, public offerings and securities, dealing with securities lawyers and commissions. His significant experience in equity financing for an exploration company like Montello is timely. He complements Montello's newly recruited Officers and Directors Messrs. Sader, Hill and Omorogbe providing Montello new energy and direction to revitalize itself for a fresh start in 2014.
James is also recognized for exceptional ability to unearth, develop and manage new business projects, while forming synergistic alliances enhancing the investments of an organization in this case the Pincher Creek Project. He is very team oriented with a demonstrated ability to initiate new ventures and develop strong management organizations for start-up of new businesses. He has proven to be a resourceful businessman with over 25 years of progressive experience in all phases of business and project management. He knows the importance of developing a profitable business by utilizing effective research, leadership and demonstrating fiscal responsibility. The Company looks forward to providing further updates going forward.
ON BEHALF OF THE BOARD OF DIRECTORS
"Fred Hill & Fredrick Omorogobe"
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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Management's goal is to pursue opportunities for high impact oil and gas exploration and recompletion projects preferably in Western Canada
This document may contain "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). These forward-looking statements are made as of the date of this document and Montello Resources Ltd. (the "Company") does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation.
Forward-looking statements relate to future events or future performance and reflect Company management's expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward looking statements.