======================================================================= Pincher Creek Update ======================================================================= CALGARY, ALBERTA - Montello Resources Ltd (TSX Venture Exchange: MEO) is pleased to provide the following update.
Pincher Creek Update
Montello would like to take this opportunity to give its shareholders an update on the status of its lawsuit against Pennine Petroleum Corporation, related to the Pincher Creek property. Montello is aware that a 14 April 2010 news release was circulated by Pennine to the public and would like to highlight some details related to this news release. Montello has in fact earned its rights to 25% of the Pincher Creek under the 1990 CAPL Operating Procedure ("CAPL") by participating in its share of the capital costs related to recompleting the well and bringing the well to the point of production.

Montello has paid well over $1M in both capital and operating costs related to this well as will be illustrated in the upcoming filing of its financials.

Until novation occurs, Montellos working interest is held in trust by the operator.

Under Clause 2401-A of CAPL the sale of a working interest in the Lands requires that the disposing party provide notice of the proposed disposition in writing to all parties subject to the Agreement, and obtain their consent to such disposition. Pennine, as trustee of Montellos interest, has a fiduciary obligation to Montello to notify it of any such disposition and to obtain its consent to such. Montello has repeatedly asked Pennine to perform under CAPL and assign Montello its previously earned rights, even when Pennine was in arrears to Montello.

Despite frequent requests Montello and to Montellos knowledge a number of the other working interest partners have not received any information related to the transfer of Pennines assets and operatorship in the well. It is Montellos opinion that Montellos claim against Pennine is far from frivolous and that Pennines apparent lack of fiduciary responsibility only strengthens the companys resolve. Although Montello has subsequently been charged monthly operating costs it has never been novated into the well although all of its commitments under CAPL have been met.

To date Pennine continues to refuse to novate Montello into the well although all conditions to earn have been met. Montello acknowledges a recent operating cost invoice of approximately $3,300 which bears no relationship under CAPL to earning rights and no hindrance to novation.

For the benefit of Pennine Montello is prepared to put these monies in trust to be released when and if Pennine honours its obligations.


ON BEHALF OF THE BOARD OF DIRECTORS
"Peter C.

Brown" Peter C .Brown President-CEO-Chairman For further information about this announcement and about Montello, please contact Corporate Communications Greg Tweed at .

Prospective and current shareholders are invited to join the companys official investment forum at www.pinnacledigest.com/company/meo:ca The online forum allows for investor controlled discussion, questions, third party reports and articles, as well as feedback.

Please go to www.sedar.com for a detailed list of all filings.

Visit www.montello.com for ongoing updates & have your name included on our mailing list. 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. About Montello Managements 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, Canadas oil and gas heartland. Forward-Looking Information 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 managements 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 Companys interim and annual financial statements and managements 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. ======================================================================= Copyright (c) 2010 MONTELLO RESOURCES LTD.

(MEO) All rights reserved.

For more information visit our website at http://www.montello.com/ or send mailto: =======================================================================