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J. V. Montalban, Chairman and CEO of Mountainview Energy Ltd today announced that Mr. A. John Miller has resigned his position as President and CFO of the Company, effective Friday, November 15, 2002. Management has also accepted his resignation, as a Director of the Company as of November 30, 2002 or earlier should the Board direct.

Changes in Management and Directorship will be forthcoming prior to the end of November 2002.

On behalf of the Board
MOUNTAINVIEW ENERGY LTD
signed: “Joseph V. Montalban”
Joseph V. Montalban
Chairman & CEO

THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT AND NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED IN THIS NEWS RELEASE

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