MOUNTAINVIEW ENERGY LTD FOUNDER TO RESIGN FROM BOARD OF DIRECTORS

CUT BANK, MT, May 24, 2011 /PRNewswire/ - Mountainview Energy Ltd. (TSXV: MVW) (the "Company") today announced the resignation of Mr. Joseph V. Montalban from the Board of Directors of the Company, effective May 19, 2011.

Mr. Montalban has a rich history in the Oil & Gas Industry, starting his career in the early 1950's working in the oil fields as a roughneck in Central Alberta.  He began working for Flank Oil in the early 1950's in Edmonton, Alberta and moved to Billings, Montana working as their Vice President of drilling operations.    He formed his own company, Montalban Drilling, in the late 1950's and drilled many wildcat wells throughout Montana; trying to extend Devonian Production south into the State of Montana.    Along with drilling their own wells, Montalban drilled for well-known companies such as Shell, Exxon (Humble), Standard, Miami and Sun Oil.  In 1969, he moved his Company office to Cut Bank, Montana and in the early 1970's started his first public companies, Monte Grande Exploration, Ltd., and Mountain States Resources Ltd.  The two Companies were listed for trading on the Vancouver Stock Exchange and were merged in 1983 to form MSR EXPLORATION LTD, a company listed for trading on the Toronto Stock Exchange and on the American Stock Exchange.  MSR merged with Mercury from Fort Worth, Texas and became Quicksilver Resources, Inc., traded on the New York Stock Exchange (KWK).

Throughout Mr. Montalban's career he discovered and developed the Gypsy Basin, Highview and Bills Coulee Fields located in Pondera and Teton County, Montana.  Mr. Montalban formed Gyspy Highview Gathering System, Inc., the Company who constructed the natural gas plant and gathering system, which gathered the only Rocky Mountain Front natural gas ever sold from the Blackleaf Canyon in Teton County, MT.  He drilled the Bugby # 1 well, located in Glacier County, Montana, with Flank Oil in 1957, which discovered oil in the Bakken section.   A number of Companies, including Newfield and Rosetta, have keyed their drilling activities around this Bakken discovery.

In 2001, Mr. Joseph V. Montalban and his son, Patrick M. Montalban, formed Mountainview Energy Ltd, currently trading on the TSX Venture Exchange.   The Company's primary focus is on the exploration, production and development of the Bakken and Three Forks Shale in the Williston Basin and the South Alberta Bakken play.

We would like to thank Mr. Montalban for his many years of service and dedication, along with his expertise shared with the employees of Mountainview Energy Ltd throughout the years.  We wish Mr. Montalban the best in his future endeavours.

"Patrick M. Montalban"

Patrick M. Montalban
President & Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Mountainview Energy Ltd.