Montello Resources delisted from NEX

"...management of MEO does as little as possible ..."

That includes little or no effort to keep their website current. Still lists Brown as CEO under the Corporate Directory. Other people no longer with the company are listed. Some Email addresses and telephone numbers aren't valid. PATHETIC

LOL! A retraction is not surprising considering this is the "Gang that can't shoot straight"

For those that missed it, the following is the original news release:

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MONTELLO ANNOUNCES BOARD AND EXECUTIVE CHANGES; PROVIDES PROGRESS REPORT

Montello wishes to announce changes to its executive and board of directors as it continues to prepare for the reinstatement process.

Independent Director Gerry Lefevre has tendered his resignation from the Board of Directors to be replaced by new independent director Mr. Gary Lo, a Vancouver based corporate/commercial lawyer with experience in securities law. Mr. Lo has worked as an in-house corporate solicitor for a large publicly traded national fast food franchising company as well as for a publicly listed technology company. He has previously served as a director of a TSX Venture Exchange company.

Also stepping down as a Director and as Montello's CFO is Dennis Petke. We thank him for his service and wish him success in his current endeavours. Replacing Mr. Petke as CFO is Mr. Dallas Sader, a 13 year financial and tax consultant principal at MND Financial Services in Metropolitan Regina who sits on the Board of FreshStart Energy, a private Saskatchewan company. Dallas has helped structure over 200 businesses (mostly private), participated in organizing share deals, mergers and business reorganizations, and handled audit representation within Tax Court. Dallas has worked in all 4 western provinces and is currently working on his CAPPA certification for oil production accounting.

Replacing Mr. Petke on the Board of Directors is new independent member Mr. Frederick Omorogbe who is a Project Manager for various participant(s) in the Western Canada Energy & Utility field. Frederick has been responsible for managing capital projects and generation assets and has worked with National Oil Companies in Africa to develop and benchmark refinery operations. Frederick holds his Certificates in Unconventional Petroleum and Upstream Petroleum Industries from SAIT Polytechnic in Alberta as well as a Business Admin Diploma and a Certificate in Project Mngt. from the Univ. Of Regina besides being a PMP Project Mngt. Professional from PMI, USA.

These changes to the Board are subject to final approval by the Regulatory Authorities. Montello continues to work with its JV Partners to get the Pincher Creek Project online as well as complete necessary tasks to get its financials current. Montello retained a consultant acting as Manager of Corporate Affairs in May to help achieve these objectives.

Today's news represents a final step towards completing necessary administrative and financial documentation for Montello to be current with Regulatory Authority(s) Rules. This press release follows up Montello's signed purchase and sale agreement on November 15, 2012 of $575,000 for 10-per-cent of Montello's working interest in the Pincher Creek Project. The funds from the 10% sale will be used to cover pending admin and filing costs besides paying for participation in the building of the necessary pipeline to bring the 1-11 discovery well into production and then to move on to the next location(s).

Montello previously reported August 20, 2010, that it sold a 5% working interest in its Pincher Creek Project 1-11 well to Tosca Capital Corp. of Vancouver, B.C. Montello still retains a 10% working interest in the 1-11 well and various interests in the remaining 9000 acres.

Management is working hard and continues to appreciate the patience shown by its shareholders during this period.

We seek Safe Harbor.

Anybody else get a chuckle from this in the last NR?

"......the quest to generate sustainable capital gains for investors can be resumed. "

Fidelity shows MLORF (MEO on the pinks) closing at sub-pennny today! (.0015)

Below is the reply I received from Larry Myles (Montello IR) when I e-mailed him inquiring about any NR coming shortly. So.... for what its worth:

"Yes. Bill’s finishing the audit and then he’ll be working out a news release within a couple of days….and then he’s going to try and raise some flow-thru money for two of the projects. I’ll send details as I get them. – Larry"