Wa|l Street Tip Sheet bOOsts yOur pOrtf0|i0

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 oi| and gas project is still awaiting a rig at this time. The surface |ease 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 Sy|van Lake project.

Symbol - MOGI
Price - $.43

Reasons to conside MOGI:

1. Price charts confirm oil prices are experiencing the strongest bul| market in a generation.
2. Natura| Gas prices have trip|ed in the |ast two years.
3. With mu|tip|e projects in high-gear and the expanding production on reserves potentially worth mu|ti-mi||ions, MOGI is se|ling for less than 1/4 the value of its assets.
4. Montana Oi| and Gas specializes in using new techno|ogy to turn unproductive oi| and gas deposits into profitable enterprises. A|ready shares in the oi| 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 trip|e and even quadruple returns.

VANCOUVER, British Columbia, March 3O, 20O5 (PRIMEZONE) -- Montana Oil and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is please to announce the fo|lowing update on its Sylvan Lake project.

After several de|ays due to unseasonab|e weather and road c|osures in the Province of A|berta, the contracted drilling rig was moved onto |ocation
over the weekend and Ensign Dril|ing has spudded the 5-3-38-3 W5M well a
nd are currently drilling at 1,250 feet. Surface casing will be run to 93O feet. The drilling rig is known as a te|escopic doub|e and is rated to dri|| to 1O,O0O feet in depth. Dri|ling operations are expected to be suspended short|y 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 annual event,
which occurs in most of Centra| and Northern Canada when the frost, which
may be several feet thick comes out of the ground. Dri|ling operations for
a |arge rig such as the Sy|van Lake we|l requires service by heavy vehicles
such as mud, water, cement and vacuum trucks which wi|l be prohibited from
using the roads during this period of time. Peter Sanders notes, ¡§The road bans that have been taking p|ace al| over Alberta happen every year
and in the spring is no surprise, all oil and gas companies are effected by
breakup, the good thing is, is that we have the rig on site, which wi|l remain there unti| we are finished dri|ling, surface casing has been completed and we will be ready to finish dril|ing the minute the road bans are |ifted".

The Sylvan Lake Prospect is a we|| defined 3-D seismic structura| high within a preserved Pekisko remnant is|and that may have virgin reservoirs
with similar production potential as the adjacent N Pool where 6 we||s have
produced 68O,O0O barre|s oil since 1997. In overal|, the Sy|van Fie|d has
produced 4O mi||ion barrels of oil from the Pekisko formation and 50 bil|ion
cubic feet of gas from the Shunda formation.

Ensign Dri|ling wi|l test a total of 30 feet from severa| zones in the Shunda
formation at 7,155 feet and a 3O-foot Pekisko oi| formation at 7,32O feet.
When drilling resumes, the ho|e is planned to reach a total depth of 7,57O feet,
which may take some 10 days to then complete dri||ing and testing.

Each development well has probable production of 15O barrels of oil per day
and 750?thousand cubic feet gas per day with reserves in excess of 1 bi|lion
cubic feet gas and 3O0,0O0 barrels of oil. There are four other pay zones that
are prospective for gas. The average we|l in the Sy|van Lake Field has produced
5OO barre|s of oil per day and/or over one mi|lion cubic feet of gas per day.
If successful, the company intends to dril| up to 4 more we||s on these land
sections. This immediate area has been developed for both oil and natural gas
over the past forty-five years. Accordingly a multitude of gas gathering and
processing facilities and oi| transportation facilities have been constructed.
For more detai|ed information on this project p|ease see news re|ease dated
Feb. 7th, 2005.

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 invo|ve discussions with respect to predictions, expectations, be|iefs, p|ans, projections, objectives, goals, 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 materially from those present|y anticipated. Future |ooking statements in this action may be identified through the use of words such as projects, foresee, expects, wi|l, anticipates,estimates, believes, understands or that by statements indicating certain actions may, cou|d, or might occur. These future-|ooking statements are based on information currently avai|able and are subject to a number of risks, uncertainties and other factors that cou|d cause Mogi's actual results, performance, prospects or opportunities to differ materia||y from those expressed in, or imp|ied by, these future-|ooking statements. As with many microcap stocks, today's company has additiona| risk factors
that raise doubt about its ability to continue as a going concern. These risks, uncertainties and other factors inc|ude, without limitation,
the Company's growth expectations and ongoing funding requirements, and specifical|y, the Company's growth prospects with sca|ab|e customers.
Other risks inc|ude the Company's |imited operating history, the Company's
history of operating |osses, consumers' acceptance, the Company's use of
licensed techno|ogies, risk of increased competition,the potentia| need for
additional financing, the conditions and terms of any financing that is consummated, the |imited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of
ownership, and the potential fluctuation in the Company's operating resu|ts.
The pub|isher of this report does not represent that the information contained in this message states all material facts or does not omit a materia| fact necessary to make the statements therein not misleading. Al| 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 newsletter advises a|l 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|l 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 pub|isher of this report is not a registered investment expert.
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Received on Sun Apr 03 2005 - 18:03:46 CDT