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

Calgary, Alberta, June 16, 2009: Montello Resources Ltd. (TSX Venture Exchange Symbol "MEO") ("Montello") is pleased to provide an update announce the following updates in its operational areas:

Pincher Creek, Alberta: Montello has been informed by its Joint Venture partners that the Waterton Gas Plant has completed its "turn around" improvements and is now ready to accept third party gas. According to Montello's Joint Venture partners, an Authorization for Expenditure is expected shortly, with the intention of constructing the 238 metre pipeline into the system that supplies Waterton. The 1-11-4-28W4 well from which the partners will obtain production is mainly a condensate well with some associated gas that cannot be flared to the atmosphere. The long awaited construction of this pipeline should prove material to Montello.

Highpoint, Tennessee: Montello is now in possession of a report on the oil from the Highpoint #3 well, with a recommendation of the use of a paraffin inhibitor. Montello intends to hold a partners meeting very shortly and discuss the potential rehabilitation of this oil discovery. Montello will be hoping for full cooperation from its Joint Venture partners but will if need be, attempt to proceed on its own in an independent fashion. Currently Montello does not have any immediate plans to test the potential gas zones in the Chattanooga shales due to the commodity price for gas, logistics, and capital considerations for the JV Partnership.

Mulligan, Alberta: Montello is pleased to announce that it has signed a Letter of Intent to sell its non-operated properties in this area in order to partly fund operations in its core areas.

Montello's projects will need capital to be fully and properly developed and Montello will finance the company through one of more of the sale of assets, equity financings, production revenue and creative farm-outs.

Montello will post its first "President's Message" on the home page of www.montello.com before the end of the week.

ON BEHALF OF THE BOARD OF DIRECTORS

"Peter C. Brown"
Peter C .Brown
President-CEO-Chairman

Montello Resources Ltd. (TSX-V: MEO), is a Calgary based, publicly traded company listed on the TSX Venture Exchange in Canada. Operations are geographically focussed in Tennessee and Alberta.

Reader Advisory: This news release contains certain forward-looking statements, including management's 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. The Corporation's actual results, performance or achievements could differ materially from those expressed in, or implied. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties that could cause actual results to differ materially. There can be no assurances that future developments affecting Montello will be those anticipated by management. Furthermore any 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 them whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. We Seek Safe Harbor.

"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."