Further to its news release dated March 8, 2011 Mountainview Energy Ltd. (TSXV: MVW) (the “Company”) announcing the granting of incentive stock options, subject to regulatory approval, for the purchase of a total of 3,505,000 shares in its capital at an exercise price of $1.20 per share on or before March 7, 2016, we are today announcing a correction to the number of granted shares. The total number of shares granted is 3,555,000.

Mountainview is a public oil and gas company listed on the TSX Venture Exchange, with a primary focus on the exploration, production and development of the Bakken and Three Forks Shale in the Williston Basin and the South Alberta Bakken play.
For further information, please contact:

Patrick M. Montalban
President & Chief Executive Officer

Web Site:
Phone: (406) 873-2235 Fax: (406) 873-2835

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States of America. The securities of the Company have not been and will not be registered under the United States Securities Act of 1933 (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available.

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.

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