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MOUNTAINVIEW ENERGY LTD (the “Company”), a Canadian Public Company listed on the TSX VENTURE EXCHANGE today announced the acquisition of a Working Interest in three natural gas wells in the Lake Frances Field from Compass Energy, Inc. for a purchase price of $20,000. The Company’s Gross Working Interests and Net Revenue Interests in the three wells are as follows:

Well Gross Working Interest Net Revenue Interest
Jim Powers #3 22.5% 19.4625%
Jim Powers #4 17.5% 15.1375%
J.V. Inc. #2 20.514705% 17.4375%

Gross production from the three well is approximately 1860 mcf per month and will further enhance the Company’s natural gas interests in the Lake Frances Field.

MOUNTAINVIEW ENERGY LTD

Patrick M. Montalban
President & Chief Executive Officer

THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

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