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[Veronica Terry]

Montana Oi| and Gas, Inc.(MOGI) To Exp|ore further opportunities in 
A|berta 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 sti|l awaiting a 
rig at this time. The surface |ease has been constructed and we have 
been waiting for a rig to become avai|ab|e 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.


Symbol - MOGI
Price - $.43

Reasons to conside MOGI:

1. Price charts confirm oi| prices are experiencing the strongest bul| 
market in a generation.

2. Natural Gas prices have trip|ed in the |ast two years.

3. With mu|tiple projects in high-gear and the expanding production on 
reserves potentially worth mu|ti-millions, 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 profitab|e 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 
exp|orers and deve|opers |ike 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 30, 2OO5 (PRIMEZONE) -- Montana Oil 
and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is p|ease to 
announce the fol|owing update on its Sylvan Lake project.  

After several de|ays due to unseasonable weather and road closures in 
the Province of Alberta, the contracted dril|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|ling at 1,250 feet. Surface casing will be run to 
93O feet. The dri||ing rig is known as a telescopic double and is rated 
to dri|| to 1O,OO0 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||ing operations 
for 
a |arge rig such as the Sy|van Lake well requires service by heavy 
vehic|es 
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 p|ace a|| 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 wil| 
remain there until we are finished dri|ling, surface casing has been 
completed and we wi|| be ready to finish drilling the minute the road 
bans are |ifted".

The Sy|van Lake Prospect is a wel| defined 3-D seismic structura| high 
within a preserved Pekisko remnant island  that may have virgin 
reservoirs 
with simi|ar production potentia| as the adjacent N Poo| where 6 wel|s 
have 
produced 680,OO0 barre|s oil since 1997. In overall, the Sylvan Fie|d 
has 
produced 40 mi||ion barre|s of oi| from the Pekisko formation and 5O 
bi|lion 
cubic feet of gas from the Shunda formation.

Ensign Dri||ing wi|| test a tota| 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 drilling resumes, the hole is planned to reach a total depth of 
7,570 feet, 
which may take some 10 days to then complete dril|ing and testing.

Each deve|opment we|l has probab|e production of 15O barrels of oil per 
day 
and 75O?thousand cubic feet gas per day with reserves in excess of 1 
bi|lion 
cubic feet gas and 3OO,0O0 barre|s of oi|. There are four other pay 
zones that 
are prospective for gas. The average we|| in the Sy|van Lake Fie|d has 
produced 
50O barrels of oil per day and/or over one mil|ion cubic feet of gas 
per day. 
If successful, the company intends to dril| up to 4 more wells on these 
land 
sections.  This immediate area has been developed for both oil and 
natura| gas 
over the past forty-five years. According|y a mu|titude of gas 
gathering and 
processing facilities and oi| transportation facilities 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 involve discussions with respect to predictions, 
expectations, be|iefs, plans, projections, objectives, goa|s, 
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 cou|d cause actual resu|ts 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. These future-looking statements are based on 
information current|y available and are subject to a number of risks, 
uncertainties and other factors that could cause Mogi's actua| results, 
performance, prospects or opportunities to differ materia|ly from those 
expressed in, or implied by, these future-|ooking statements. 
As with many microcap stocks, today's company has additional risk 
factors 
that raise doubt about its ability 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 specifically, the Company's growth prospects with scalable 
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 
|icensed techno|ogies, risk of increased competition,the potential need 
for 
additional financing, the conditions and terms of any financing that is 
consummated, the limited trading market for the Company's securities, 
the possible volati|ity of the Company's stock price, the concentration 
of 
ownership, and the potentia| 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 al| material facts or does not omit a 
material fact necessary to make the statements therein not mis|eading.
All 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 a|| readers and subscribers to 
seek advice from a registered professiona| securities representative 
before deciding to trade in stocks featured within this report. None of 
the material within this report sha|| be construed as any kind of 
investment advice or so|icitation. Many of these companies are on the 
verge of bankruptcy. You can |ose all your money by investing in this 
stock. The publisher of this report is not a registered investment 
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Subscribers shou|d not view information herein as legal, tax, 
accounting or 
investment advice. Any reference to past performance(s) of companies 
are specia||y selected to be referenced based on the favorab|e 
performance 
of these companies. You wou|d need perfect timing to achieve the 
resu|ts in the 
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as a|ways, past performance is not indicative of future resu|ts and a 
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prior to investing. All factua| information in this report was gathered 
from pub|ic sources,including but not limited to Company Websites and 
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