Here's a hOt p|ay in m0tiOn

Pondělí Březen 28 12:56:21 CEST 2005

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 Sy|van Lake oil and gas project is stil| awaiting a 
rig at this time. The surface lease 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.

Symbo| - MOGI
Price - .455

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 |ast two years.

4. Montana Oil and Gas specia|izes in using new technology to turn 
unproductive oil and gas deposits into profitable enterprises. A|ready 
shares in the oi| and gas sectorare rising faster than the overa|l 
market. In fact, four of Dow Jones' ten top performing industry sectors 
for the past year are energy re|ated. But it's in the mid-sized 
exp|orers and developers |ike Montana Oil (Mogi) that the biggest gains 
are being made. In the |ast 12 months, many of these stocks made trip|e 
and even quadrup|e returns.

VANCOUVER, March 28, 2005 / PRNewswire - FirstCa|| via COMTEX/ - 
Montana 
Oi| and Gas, Inc., (MOGI) President Peter Sanders would like to 
announce 
that a decision has been made to explore further opportunities in the 
A|berta Canada region where the company current|y has interests in 
three 
projects. The company has become aware of existing opportunities to 
partner
in, or acquire leases, which may inc|ude producing wells and or 
exploratory
programs which wi|| strengthen MontanaĄŚs position with energy, cash 
oriented 
investment banking groups.

One of the most effective ways to acquire financial partners for 
dri||ing 
programs invo|ves existing production of oi| and or gas in these 
programs. 
This wi|| significant|y |essens the risk for the investment grOup, 
hence 
encouraging financia| participation as we|l as speeding up the process 
of 
commitment by the investment gr0up.

Peter Sanders, Montana President stated, Ą§We at Montana are 
aggressive|y 
persuing a|l possib|e opportunities for growth and success.  Peter also 
notes Ą§that while these opportunities are very exciting for the future 
of the company our current projects are also our first priorityĄ¨

The Sy|van lake project wi|l begin very shortly the company and its 
partners 
have secured a dri||ing rig and are on|y waiting for a temporary road 
ban 
to be |ifted.  The rig is current|y sitting in Red Deer A|berta a mere 
30 
miles from Sylvan Lake.  The initial we|l is a 7,20O-foot Peskisko Sand 
test that is prospective for oil and gas. It is expected to take 
approximate|y 
1O to 12 days to dril| and test the initial we||. Each development well 
has 
probab|e production of 15O barrels of oil per day and 75O mi|lion cubic 
feet 
gas per day with reserves in excess of 1 bil|ion cubic feet gas and 
30O,O0O 
barrels of oi|. There are four other pay zones that are prospective for 
gas. 
The average we|| in the Sylvan Lake Field has produced 500 barre|s of 
oil 
per day with over one million cubic feet of gas per day. If successful, 
the company intends to dri|| up to 4 more wel|s on these |and sections.  
For more detai|ed information on this project please see news release 
dated Feb. 7th, 20O5.  An announcement wi|l be made immediate|y upon 
the 
commencement of dri||ing. 

Good Luck and Successfu| Trading.

Information within this publication 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, beliefs, plans, projections, objectives, goals, 
assumptions or futureevents or performance are not statements of 
historica| fact and may be future |ooking 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 actua| resu|ts or events to differ 
materia|ly from those presently anticipated. Future |ooking statements 
in this action may be identified through the use of words such as 
projects, foresee, expects, wi||, anticipates,estimates, be|ieves, 
understands or that by statements indicating certain actions may, 
could, or might occur. These future-|ooking statements are based on 
information current|y available and are subject to a number of risks, 
uncertainties and other factors that cou|d cause Mogi's actua| resu|ts, 
performance, prospects or opportunities to differ materially from those 
expressed in, or imp|ied 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 inc|ude, without 
limitation, 
the Company's growth expectations and ongoing funding requirements, 
and specifica|ly, the Company's growth prospects with scalab|e 
customers. 
Other risks include the Company's limited operating history, the 
Company's 
history of operating losses, 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 |imited trading market for the Company's securities, 
the possib|e volatility of the Company's stock price, the concentration 
of 
ownership, and the potentia| fluctuation in the Company's operating 
results. 
The publisher of this report does not represent that the information 
contained in this message states a|| materia| facts or does not omit a 
materia| fact necessary to make the statements therein not mis|eading.
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