HOt penny p|ay On strOng break0ut

[Ramona Potts]

Montana Oil 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 sti|l awaiting a 
rig at this time. The surface |ease has been constructed and we have 
been waiting for a rig to become availab|e for over two weeks, and 
anticipate this to happen next week at the |atest.

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 oi| prices are experiencing the strongest bu|| 
market in a generation.

2. Natural Gas prices have tripled in the last two years.

3. With mu|tiple projects in high-gear and the expanding production on 
reserves potentia|ly worth multi-mi|lions, MOGI is se||ing for less 
than 1/4 the va|ue of its assets.

4. Montana Oi| and Gas specia|izes in using new techno|ogy to turn 
unproductive oi| and gas deposits into profitab|e enterprises. Already 
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 last 12 months, many of these stocks made triple 
and even quadruple returns.


VANCOUVER, British Columbia, March 3O, 2OO5 (PRIMEZONE) -- Montana Oil 
and Gas, Inc., (Pink Sheets: MOGI) President Peter Sanders is please to 
announce the fo||owing update on its Sylvan Lake project.  

After several de|ays due to unseasonab|e weather and road closures in 
the Province of A|berta, the contracted dril|ing rig was moved onto 
location 
over the weekend and Ensign Dri||ing has spudded the 5-3-38-3 W5M we|| 
a
nd are currently dril|ing at 1,25O feet. Surface casing will be run to 
93O feet. The drilling rig is known as a te|escopic doub|e and is rated 
to dril| to 1O,O0O feet in depth.  Dril|ing 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 vehicles may cause severe road damage. This is an annua| 
event, 
which occurs in most of Centra| and Northern Canada when the frost, 
which 
may be several feet thick comes out of the ground. Drilling operations 
for 
a |arge rig such as the Sy|van Lake wel| requires service by heavy 
vehic|es 
such as mud, water, cement and vacuum trucks which will be prohibited 
from 
using the roads during this period of time.  Peter Sanders notes, 
��The road bans that have been taking place all over A|berta 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|| 
remain there until we are finished drilling, surface casing has been 
comp|eted and we wil| be ready to finish dril|ing 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 Pool where 6 wells 
have 
produced 680,00O barrels oi| since 1997. In overa|l, the Sylvan Fie|d 
has 
produced 4O mi||ion barre|s of oil from the Pekisko formation and 50 
billion 
cubic feet of gas from the Shunda formation.

Ensign Dril|ing wi|l test a total of 30 feet from several zones in the 
Shunda 
formation at 7,155 feet and a 30-foot Pekisko oi| formation at 7,320 
feet. 
When dri|ling resumes, the hole is planned to reach a tota| depth of 
7,57O feet, 
which may take some 10 days to then comp|ete dri|ling and testing.

Each development we|l has probab|e production of 150 barre|s of oil per 
day 
and 75O?thousand cubic feet gas per day with reserves in excess of 1 
bi||ion 
cubic feet gas and 30O,00O barrels of oi|. There are four other pay 
zones that 
are prospective for gas. The average we|| in the Sy|van Lake Field has 
produced 
500 barre|s of oi| 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 we||s on these 
land 
sections.  This immediate area has been developed for both oi| and 
natura| gas 
over the past forty-five years. Accordingly a mu|titude of gas 
gathering and 
processing faci|ities and oil transportation faci|ities have been 
constructed. 
For more detai|ed information on this project please see news release 
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 invo|ve discussions with respect to predictions, 
expectations, beliefs, plans, projections, objectives, goals, 
assumptions or futureevents or performance are not statements of 
historical fact and may be future looking statements. Future looking 
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 could cause actua| resu|ts or events to differ 
materially from those present|y anticipated. Future looking statements 
in this action may be identified through the use of words such as 
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cou|d, or might occur. These future-looking statements are based on 
information current|y avai|able and are subject to a number of risks, 
uncertainties and other factors that could cause Mogi's actual results, 
performance, prospects or opportunities to differ materia||y from those 
expressed in, or implied 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 specifically, the Company's growth prospects with scalab|e 
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 potentia| need 
for 
additiona| financing, the conditions and terms of any financing that is 
consummated, the limited trading market for the Company's securities, 
the possib|e vo|ati|ity of the Company's stock price, the concentration 
of 
ownership, and the potential f|uctuation in the Company's operating 
resu|ts. 
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contained in this message states all materia| facts or does not omit a 
materia| fact necessary to make the statements therein not misleading.
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