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| | Montello Operations Field Emergency Line 1-866-379-3960 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.. For further information or to be put on our Preferred contact Mailing List please us at ir@montello.com or lmyles@montello.com or call Larry at 604-408-7600 from 9am PST to 3 pm PST / 12 noon EST to 6 pm EST. President's Message For June 17, 2009 This feature is anticipated to be a regular addition to the website. To begin with I would like to thank all who attended the AGM on the 30th of April, 2009, helping to make it one of the more interactive that I have ever attended. Various motions had been tabled for the AGM and the only motions defeated were restricted to the consolidation of the stock and the potential name change. Management advised that a business outline would be provided for the shareholders and would be placed on the website before the end of the month. This has now been completed and is being reviewed by the Company's legal counsel prior to release. The delay in issuing this document has been related to priority given to having our shares be reinstated for trading on the TSX Venture Exchange. Your Company had to undergo a detailed review on a number of questions and issues which has been completed successfully. Certain technical information has been requested to be posted on the website. However, sensitive information such as logs and drilling reports etc. will be made available to shareholders who are prepared to sign a confidentiality agreement, on the advice of the Company's legal counsel and in line with our competitors. We have also been reviewing a number of public companies as to what they have on their respective web-sites and believe we should attempt to be in line with what else is out there. Montello intends to focus on its oil and gas potential in the foothills of Alberta and on its oil well(s) in Tennessee initially with the Morgan Highpoint #3 well if agreed upon by the Highpoint JV Partners. It is Montello's intention to sell its non-core assets in northern Alberta to partly fund development in areas of higher reserve life index. Montello has been informed that the plant turn around at Waterton is soon to be fully completed and third party gas can be transported. Montello therefore expects the operator to provide the partners with an AFE to build the pipeline and to commence construction as soon as possible. I am also pleased to inform you that a Letter of Intent has been signed to sell non-operated properties in Mulligan, Alberta, in order to partly fund operations elsewhere. Additionally, I am in possession of a report on the oil from the Highpoint #3 well, recommending the use of a paraffin inhibitor. Montello intends to hold a partners meeting very shortly and discuss the potential rehabilitation of this oil discovery. I am hopeful that there will be full cooperation/collaboration amongst our partners to proceed, but will if need be, look to try and proceed on our own in an independent fashion, working capital permitting. Montello's projects will need capital to be fully and properly developed and Montello will finance the company through one or more ways, such as by the sale of assets, equity financing, production revenue and creative farm-outs. Current management are still of the belief that in the present financial climate, Montello has to be become more attractive to investors. It was agreed to the AGM that a Special Shareholders Meeting would be held to again table the possibility of a share consolidation and a name change. Montello intends to reconvene a meeting of the shareholders to discuss these key issues going forward. Based on the quality of our properties and the upside we believe can be associated with them, management believes the company can be well situated provided it has the correct share structure, stable partners and necessary working capital. An obvious necessity is cash flow, and this is the central theme, with every effort being made to turn near term production into revenue. Please see the Power Point Presentation below for your perusal. Thank you for your support as we look ahead to the future. Peter Brown, President June 17, 2009  Click to View Corporate Presentation Disclaimer: The particulars contained herein were obtained by sources believed to be reliable but may contain forward looking statements and may be incomplete and therefore are not guaranteed by Montello Resources Ltd. or its US Operation subsidiary. Opinions expressed herein do not necessarily reflect those of Montello Resources Ltd personnel. Any comments provided above should not be construed as a solicitation offer to buy or sell any securities mentioned herein. Any Securities possibly discussed may not necessarily be suitable to all types of investors, so it is important to do due diligence and speak to a qualified Investment Advisor re your particular situation.We seek Safe Harbour. The above as well as various narratives on this web site may contain certain forward-looking statements, including management's assessment of future plans and operations, and capital expenditures and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Corporation's control. Such risks and uncertainties include, without limitation, risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers, inability to retain drilling rigs and other services, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, changes in laws and regulations (including the adoption of new environmental laws and regulations) and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. The Corporation's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Corporation will derive there from. Readers are cautioned that the foregoing list of factors is not exhaustive. All subsequent forward-looking statements, whether written or oral, attributable to the Corporation or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Corporation does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws." | | | | | |
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