CUT BANK, MONTANA, January 19, 2012 – Mountainview Energy Ltd. (“Mountainview” or the “Company”) (MVW:TSX-V) is pleased to announce that further to its previously announced proposed acquisitions of:

certain oil and gas assets located in the Williams and Lake Frances areas of Pondera County, Montana, which consist of: (i) 15,520 gross (15,520 net) acres of developed land producing approximately 66 gross (42 net) boe/d of natural gas; and (ii) 40,583 gross (31,593 net) acres of undeveloped land (the “Pondera Assets”);

a certain compressor plant, certain related ancillary equipment and field wellhead equipment and certain pipelines related to the Pondera Assets (the “Pondera Equipment”); and

certain non-producing oil and natural gas assets located in the Medicine Lake prospect in Divide County, North Dakota and Sheridan County, Montana, consisting of approximately 44,181 gross (8,836 net) acres of undeveloped land (the “Medicine Lake Assets” and collectively with the Pondera Assets and the Pondera Equipment, the “Assets”),

the Company has entered into a series of definitive agreements to consummate transactions that will lead to the direct and/or indirect acquisition of the Assets (the “Transaction”).

The Company is also pleased to announce that the board of directors of Mountainview (the “Board”) has approved the continuance of the Company into the Province of Alberta (the “Continuance”).

Both the Transaction and the Continuance are subject to all applicable regulatory, stock exchange and corporate and securities law approvals, including, but not limited to, acceptance by the TSX Venture Exchange (the “Exchange”) and applicable shareholder approvals at a special meeting (the “Meeting”) of holders (“Shareholders”) of common shares of Mountainview (“Common Shares”), which is expected to be held in March, 2012. Complete details of the Transaction and the Continuance will be included in the information circular related to the Meeting (the “Information Circular”), which is expected to be mailed to Shareholders in February, 2012.

Background to the Transaction

On October 4, 2010, Mountainview entered into: (a) letters of intent (the “Pondera LOIs”) with certain vendors of the Pondera Assets (the “Pondera Vendors”) to acquire the Pondera Assets; and (b) a letter of intent (the “Pondera Equipment LOI”) with the vendor of the Pondera Equipment (the “Pondera Equipment Vendor”), to acquire the Pondera Equipment.

On April 1, 2011, Mountainview entered into: (a) definitive purchase and sale agreements with the Pondera Vendors (the “Pondera PSAs”) to acquire the Pondera Assets, which superseded the Pondera LOIs; and (b) a definitive purchase and sale agreement with the Pondera Equipment Vendor (the “Pondera Equipment PSA”) to acquire the Pondera Equipment, which superseded the Pondera Equipment LOI.

On July 26, 2011, Mountainview entered into a letter of intent (the “Medicine Lake LOI”) with the vendors of the Medicine Lake Assets (the “Medicine Lake Vendors”).

Subsequent to the execution of the Pondera PSAs and the Pondera Equipment PSA, the parties thereto separately negotiated revised terms and transaction structures with respect to the transactions contemplated thereby. During the course of such negotiations, it became apparent that including the acquisition of all of the Assets in such a revised structure could be advantageous to the Company. Based on such negotiations the Company developed a revised transaction structure to accomplish the direct and/or indirect acquisition of the Assets. Accordingly, at the conclusion of such negotiations and structuring, on January 19, 2012:

primarily due to a calculation error, Mountainview and the Pondera Equipment Vendor amended the Pondera Equipment PSA to, among other things, change the principal amount of the debentures payable by Mountainview from $1,100,000 (as previously provided in the Pondera Equipment PSA) to $2,377,000, such that the aggregate consideration for the Pondera Equipment is USD$283,000 in cash, which has been paid by Mountainview to the Pondera Equipment Vendor, plus USD$2,377,000 principal amount of debentures of the Company that are payable within one (1) year from the closing date of the Transaction (the “Closing Date”), earn interest at a rate of prime plus 1% per annum and are convertible into Common Shares at a deemed price of $2.50 per Common Share (the “Debentures”);

Mountainview entered into a definitive purchase and sale agreement with the Medicine Lake Vendors (the “Medicine Lake PSA”), which superseded the Medicine Lake LOI pursuant to which Mountainview agreed to acquire the Medicine Lake Assets in exchange for an aggregate of 23,110,020 Common Shares;

the parties to the Pondera PSAs terminated such agreement and Mountainview entered into:

certain share purchase agreements (the “Share Purchase Agreements”) pursuant to which Mountainview agreed to acquire all of the outstanding shares of three separate private Alberta corporations that owned, directly or indirectly, an aggregate interest of approximately 39% in the Pondera Assets in exchange for an aggregate of 5,027,273 Common Shares; and

a contribution agreement pursuant to which, among other things, including certain reorganizational steps involving the Medicine Lake Assets and certain other property, Mountainview agreed to indirectly acquire the remaining 61% interest in the Pondera Assets in exchange for an aggregate of 7,822,727 Class “B” shares (“Class B Shares”) of Mountainview Energy (USA) Ltd. (“New Mountainview USA”).

Some of the key terms to the Class B Shares are as follows:

for 7 years following the Closing Date, the holders of Class B Shares may elect to convert all or a portion of the Class B Shares held into Common Shares on a one for one basis; such rights may only be exercised on: (i) 1/3 of such Class B Shares held commencing on the one year anniversary of the Closing Date; (ii) an additional 1/3 of such Class B Shares held commencing on the two year anniversary of the Closing Date; and (iii) the remaining 1/3 of such Class B Shares held commencing on the three year anniversary of the Closing Date;

commencing 7.5 years following the Closing Date and expiring on the 10 year anniversary of the Closing Date, the New Mountainview USA may, at its election, the Class B Shares to Mountainview Shares on a one for one basis; and

upon the exercise of such exchange rights referenced above, New Mountainview USA can elect to deliver Common Shares or cash (pursuant to a formula based on the 20-day volume weighted average trading price of the Common Shares).

In addition, pursuant to the Contribution Agreement in the event Mountainview develops production of oil, gas or other hydrocarbons on the Pondera Assets from horizons or depths below the base of the Dakota Formation, Mountainview shall pay one of the vendors of the Pondera Assets the additional sum of US$100.00 per acre per spacing unit of each such well productive of hydrocarbons in paying quantities (the “Additional Consideration”).

Complete details of the Transaction will be included in the Information Circular, which is expected to be mailed to Shareholders in February, 2012.

Benefits of the Transaction

The Board believes that the consummation of the Transaction is in the best interests of Mountainview and the Shareholders and provides a number of benefits primarily relating to an improved ability to enhance value to Shareholders, including:

the Transaction is anticipated to enhance the value for Shareholders through the acquisition of extensive tracts of undeveloped lands in two of the Company’s primary areas of focus;

the assets to be acquired pursuant to the Transaction are expected to provide the Company with significant upside in two emerging plays;

the Transaction will provide an increase to corporate oil and gas production levels; and

the consideration to be paid for by the Company pursuant to the Transaction is extremely attractive based on recent land sales in the relevant areas and will require minimal use of cash.

Conditions to the Transaction

The respective obligations of the parties to the Share Purchase Agreements, the Medicine Lake PSA and the Contribution Agreement to complete the transactions contemplated thereby are subject to a number of conditions as set forth in such agreements that must be satisfied in order for the Transaction to become effective, including, but not limited to, acceptance by the Exchange and applicable shareholder approvals at the Meeting.

Interests of Related Parties

Mr. Carter Stewart owns 9,690,555 Common Shares (approximately 16.39% of the outstanding Common Shares) and Mr. James Arthaud owns 9,490,555 Common Shares (approximately 16.06% of the outstanding Common Shares). Accordingly, by virtue of their respective shareholdings of Mountainview being each greater than 10% of the issued and outstanding Common Shares, each of Mr. Stewart and Mr. Arthaud is a “related party” of the Company, as such term is defined in Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101″). An entity controlled by Mr. Stewart owns an approximately 29.95% interest in the Medicine Lake Assets; pursuant to the Medicine Lake PSA, such entity will receive 6,921,867 Common Shares for its interest in the Medicine Lake Assets. An entity controlled by Mr. Arthaud owns an approximately 25.07% interest in the Medicine Lake Assets; pursuant to the Medicine Lake PSA, such entity will receive 5,794,377 Common Shares for its interest in the Medicine Lake Assets. Following the consummation of the Transaction: (i) Mountainview is expected to have 87,245,442 Common Shares outstanding; (ii) Mr. Stewart is expected to beneficially own or control 16,612,422 Common Shares (approximately 19.04% of the issued and outstanding Common Shares post-Transaction); and (iii) Mr. Arthaud is expected to beneficially own or control 15,284,932 Common Shares (approximately 17.52% of the issued and outstanding Common Shares post-Transaction).

Mr. Patrick Montalban is the President, Chief Executive Officer and a Director of Mountainview and is accordingly a related party of the Company. An entity controlled by Mr. Montalban indirectly owns an approximately 61% interest in the Pondera Assets; pursuant to the Contribution Agreement, such entity will receive 7,822,727 Class B Shares for its interest in the Pondera Assets as well as the Additional Consideration in the event of certain development on the Pondera Assets. Mr. Montalban also owns 50% of the voting shares of the Pondera Equipment Vendor; pursuant to the Pondera Equipment PSA, the Pondera Equipment Vendor has received USD$283,000 in cash and will receive USD$2.377 million of principal amount of Debentures for its interest in the Pondera Equipment. Mr. Montalban has declared his interest in the acquisition of the Pondera Assets and the Pondera Equipment and refrained from voting to approve the acquisition of the Pondera Assets and the Pondera Equipment, respectively, at the meeting of the Board approving the Transaction.

The direct and/or indirect participation in the Transaction of Mr. Stewart, Mr. Arthaud, Mr. Montalban and/or the respective entities that they control, makes such transactions, as they relate to such parties, “related party transactions” pursuant to MI 61-101, which has been adopted by the Exchange pursuant to Policy 5.9 of the Corporate Finance Manual of the Exchange. Pursuant to MI 61-101, absent an available exemption, Mountainview would be required to obtain minority shareholder approval and a formal valuation for the Transaction, as such transactions relate to the related parties. Such an exemption is available pursuant to Sections 5.5(a) and 5.7(a) of MI 61-101, respectively, because at the time the Transaction was agreed to, neither the fair market value of the subject matter of, nor the fair market value consideration for such transaction, exceed 25% of Mountainview’s market capitalization.

However, due to the non-arm’s length nature of such transactions, the Policies of the Exchange may require disinterested Shareholder approval of the Transaction. Accordingly, the Company expects to conduct the vote at the Meeting such that the Common Shares held by the aforementioned related parties and the respective entities that they control will not be counted to approve the Transaction.

Continuance

Some of the directors of the Company presently reside in Calgary, Alberta, and many of the Company’s advisors and business relationships are located in Calgary, Alberta. This being the case, the Board has determined that it is both practical and cost-effective to continue the Company into the Province of Alberta.

The proposed Continuance can only proceed if the Company meets a number of requirements set out under the Business Corporations Act (British Columbia) and under the Business Corporations Act (Alberta), including, but not limited to, approval of the Continuance by 662/3% of Shareholders present in person or by proxy at the Meeting.
Complete details on the Continuance will be included in the Information Circular, which is expected to be mailed to Shareholders in February, 2012.

U.S. Securities Laws Matters

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

Information about the Company

Mountainview Energy Ltd. is a public oil and gas company listed on the 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

MOUNTAINVIEW ENERGY LTD.
PO Box 200
Cut Bank, MT 59427

E-Mail: mvw@bresnan.net

Web Site: www.mountainviewenergy.com

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

Forward Looking Statements, BOE Equivalents and Cautionary Statements

This press release contains forward looking statements. These statements relate to future events or our future performance. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “approximate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “would” and similar expressions. More particularly, this press release contains statements concerning the acquisition of the Assets, the anticipated timing of the Transaction, the anticipated timing of the Meeting and the mailing of the Information Circular, the contents of the Information Circular, the benefits of the Transaction, the conduct of the Shareholder vote to approve the Transaction and certain related matters. These statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control, and may be based on assumptions that could cause actual results to differ materially from those expressed in, or implied by, such forward-looking statements. Although Mountainview believes that the expectations reflected in these forward looking statements are reasonable, undue reliance should not be placed on them because Mountainview can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Mountainview may not be able to obtain the necessary shareholder, regulatory and stock exchange approvals on the timelines it has planned or at all. The Transaction and the Continuance will not be completed at all if these approvals are not obtained. Accordingly, there is a risk that the Transaction and the Continuance will not be completed within the anticipated time or at all.

All calculations converting natural gas to barrels of oil equivalent (“boe”) have been made using a conversion ratio of six thousand cubic feet (six “Mcf”) of natural gas to one barrel of oil, unless otherwise stated. The use of boe may be misleading, particularly if used in isolation, as the conversion ratio of six Mcf of natural gas to one barrel of oil is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

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.

CUT BANK MONTANA, January 12, 2012 – Mountainview Energy Ltd. (“Mountainview” or the “Company”) (MVW:TSX-V) is pleased to announce that it has entered into a loan arrangement with an affiliate of an insider of the Company (the “Lender”), pursuant to which the Lender will lend Mountainview USD $2 million for a term of 2 years at an annual interest rate of 8.0% (the “Loan”). Pursuant to the Loan, Mountainview is not required to repay any portion of the principal amount or any interest thereon prior to maturity, but may, at its option, repay any or all principal and interest amounts owing under the Loan at any time prior to maturity. The Loan is subject to all applicable regulatory and exchange approvals.

Mountainview intends to use the proceeds from the Loan to further Mountainview’s exploration and early development programs in the Bakken and Three Forks Shale in the Williston Basin and the South Alberta Bakken play, for future corporate and asset acquisition and farm-in opportunities and for general corporate purposes.

The Loan is a “related party transaction” pursuant to Multilateral Instrument 61-101- Protection of Minority Security Holders in Special Transactions (“MI 61-101″) by virtue of the insider’s relationship with the Company and the Lender. Pursuant to MI 61-101, absent an available exemption, the Company would be required to obtain minority approval and a formal valuation for the Loan. Such an exemption is available pursuant to Sections 5.5(a) and 5.7(a) of MI 61-101, respectively, because at the time the transaction was agreed to, neither the fair market value of the subject matter of, nor the fair market value consideration for the transaction, exceeds 25% of the Company’s market capitalization.

Information about the Company

Mountainview Energy Ltd. is a public oil and gas company listed on the 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

MOUNTAINVIEW ENERGY LTD.
PO
Box 200

Cut Bank, MT 59427

E-Mail: mvw@bresnan.net
Web Site: www.mountainviewenergy.com
Phone: (406) 873-2235 Fax: (406) 873-2835

Forward Looking Statements

The forward looking statements contained in this press release are made as of the date hereof and Mountainview undertakes no obligations to update publicly or revise any forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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.

• 2011 Third Quarter Report
• 2011 Third Quarter MDA

MOUNTAINVIEW ENERGY LTD

PO Box 200

Cut Bank, MT 59427

E-Mail: mvw@bresnan.net

Web Site: www.mountainviewenergy.com

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

NEWS RELEASE

December 15, 2011

MOUNTAINVIEW ENERGY LTD PROVIDES OPERATIONAL UPDATE – DRILLING AND FRACTURING OPERATIONS COMPLETE ON HORIZONTAL BAKKEN WELL IN THE WILLISTON BASIN

Mountainview Energy Ltd. (TSXV: MVW) (“Mountainview” or the “Company”) is pleased to announce an operational update on the completion of the Olson 1-21-16H  horizontal well, which spudded in April 2011 in the SESE-Section 21-Township 29 North, Range 57 East, Roosevelt County, Montana by G3 Operating, LLC. (“G3″), a subsidiary of GeoResources, Inc., a U.S. Public Company traded on NASDAQ.

Drilling and fracturing operations on the Olson 1-21-16H well are complete and the well is currently producing.  The initial production rate was 607 barrels of oil equivalent (“boe”) per day.*

The Company acquired approximately a 3.8% working interest in the SM Energy Company (“SM Energy”) Wolter 13-23H well located in Section 14-T163N-R100W, Divide County, North Dakota.   The Company also recently purchased approximately a 1% working interest in the Petro-Hunt LLC/ Miller 157-101-12C-1-1H located in Section 1 & 12-T157N-R101W Williams County, ND.

The Company’s current non-operated wells in the Williston Basin are as follows:

Mountainview is also pleased to report the Company acquired an additional 4,000 acres in the South Alberta Bakken Play.  Mountainview is continuing with its acreage leasing program in the South Alberta Bakken area and the Company’s goal is to accumulate 100,000 net acres in this area.

Williston Basin Area Activity

Several producing wells have recently been drilled and completed in the Bakken Shale in the vicinity of the Company’s Montana Bakken acreage.  There is production to the south, recently EOG Resources, Inc. reported the #5-1003H Stateline in Roosevelt County, MT, initially flowed an average of 405 barrels of oil and 222,380 cubic feet of gas per day.*  Production is reported to the north on the Taqa North USA, Inc (“Taqa”) Hellegaard #9-12H, located in Section 9-Township 37 North, Range 57 East, Sheridan County, MT,  a 640 acre horizontal well with initial production of 433 boe/d.*  The Hellegaard #9-12H well has produced over 100,000 barrels in just over a year.  According to the State of Montana Board of Oil & Gas, TAQA has 8 producing horizontal Bakken wells in northern Sheridan County.   Production is reported to the east on a 1280 acre horizontal well by Oasis Petroleum, being the Bean 5703 42-34H, with initial production of 1346 barrels of oil per equivalent per day.*

South Alberta Bakken Area Activity

According to the Montana Board of Oil and Gas website, there have been at least 45 wells permitted, spudded, or drilled targeting the South Alberta Bakken.  Anschutz Exploration Corporation (“Anschutz’), Newfield Exploration Company (“Newfield”), and Rosetta Resources Inc (“Rosetta”) have done the majority of the drilling on the Montana side of the play on the Blackfeet Indian Reservation in Glacier County.  Newfield has recently announced an initial rate of 225 boe/day* with only 33% of the lateral producing on one of their horizontal wells.  All three companies plan to continue with operations in the play in 2012.  There are also several other companies that are targeting the Alberta Bakken to the south of the Blackfeet reservation in Pondera and Teton counties, which is where the Company’s acreage is located.  The company is encouraged by industry’s results in the play to date and will continue to observe and study the play.  The Company currently controls approximately 80,000 net acres in the play.

Company Strategy

The Company’s strategy is to grow through acquiring more Williston Basin acreage; targeting the Bakken/Three Forks Shale and developing the acreage in the Company’s portfolio.   Mountainview plans to drill and complete horizontal wells on the Company’s existing acreage, as well as aggressively pursuing non-operated working interests in Bakken and Three Fork wells in the Williston Basin.

Mountainview Energy Ltd. 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

For further information, please contact:

Patrick M. Montalban
President & Chief Executive Officer

E-Mail:  mvw@bresnan.net
Web Site:   www.mountainviewenergy.com
Phone: (406) 873-2235 Fax: (406) 873-2835

*The initial production rates expressed in this press release are the 24-hour “Peak Production Rate” of the relevant well.  Peak Production Rates may be established following the intial day of production depending on operator design or well flowback profiles.  The initial production rate may be estimated based on other third party estimates or limited data available at this time. The initial production is estimated using barrels of oil equivalent.

Forward-Looking Statements

Certain information contained in this press release constitutes forward-looking statements, including, without limitation, information related to Mountainview’s participation in certain wells, the timing of spudding, fracturing and other operations on certain wells, the timing of well results and area activity in both the Williston Basin and the South Alberta Bakken plays.  By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company’s control including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources, inability to meet or continue to meet listing requirements, the inability to obtain required consents, permits or approvals and the risk that actual results will vary from the results forecasted and such variations may be material.  Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company’s actual results, performance or achievement could differ materially from those expressed in or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom. 

Any references in this news release to initial, early and/or final raw test or production/performance rates and/or “flush” production rates are useful in confirming the presence of hydrocarbons, however, such rates are not determinative of the rates at which such wells will continue production and decline thereafter. Additionally, such rates may also include recovered “load oil” fluids used in well completion stimulation. While encouraging, readers are cautioned not to place reliance on such rates in calculating the aggregate production for the Company.

The forward-looking statements contained in this press release are made as of the date of this press release.  Mountainview disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Additionally, Mountainview undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

The forward-looking statements contained in this press release are made as of the date of this press release.  Mountainview disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Additionally, Mountainview undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

Barrels of Oil Equivalent

Barrels of oil equivalent (boe) is calculated using the conversion factor of 6 Mcf (thousand cubic feet) of natural gas being equivalent to one barrel of oil. Boes may be misleading, particularly if used in isolation. A boe conversion ratio of 6 Mcf:1 bbl (barrel) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

Analogous Information 

Certain information in this document may constitute “analogous information” as defined in National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities (“NI 51-101″), including, but not limited to, information relating to the areas in geographical proximity to prospective exploratory lands held or to be to be held by Mountainview.  Such information has been obtained from government sources, regulatory agencies or other industry participants.  Management of Mountainview believes the information is relevant as it helps to define the reservoir characteristics in which Mountainview may hold an interest. Mountainview is unable to confirm that the analogous information was prepared by a qualified reserves evaluator or auditor. Such information is not an estimate of the reserves or resources attributable to lands held or to be held by Mountainview and there is no certainty that the reservoir data and economics information for the lands held or to be held by Mountainview will be similar to the information presented herein. The reader is cautioned that the data relied upon by Mountainview may be in error and/or may not be analogous to such lands to be held by Mountainview.   

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.

CUT BANK, MT, Aug. 9, 2011 /PRNewswire/ – Mountainview Energy Ltd. (TSXV: MVW) (“Mountainview” or the “Company”) is pleased to announce an operational up-date on the drilling of the Olson 1-21-16H, a horizontal well spudded in April 2011 in the SESE-Section 21-Township 29 North, Range 57 East, Roosevelt County, Montana by G3 Operating a subsidiary of GeoResources, Inc., a U.S. Public Company traded on NASDAQ (the “Well”).

Operations on the Well were subsequently suspended due to mechanical and geo-steering issues. As the Company is participating in the Well as a 12.5% working interest partner, G3 recently advised that the Ensign Rig # #71 has moved in and rigged up on the drill site. Drilling operations have commenced after re-evalution of operational procedures. G3 reported that they have updated seismic, as well as geologic and geophysical data more conducive for successful drilling operations. The vertical leg of the Well has been completed and the horizontal leg will be the focus of the current drilling operations. The anticipated total depth of the Well is 19,420 feet with a total horizontal leg in the Bakken Shale of 1,280 acres (approximately 10,500 feet).

Area Activity

Several producing wells have recently been drilled and completed in the Bakken Shale in the vicinity of the Company’s Montana Bakken acreage. There is production to the south, recently reported by Brigham Exploration on the Gobbs 17-8 #1H well located in Section 17-Township 28 North, Range 57 East, with initial production of 1,818 barrels of oil equivalent (“BOE”) per day and the #1-H Swindle well, located in Section 16-Township 28 North, Range 57 East, Roosevelt County, MT, with initial production of 1,065 BOE per day. Production is reported to the north on the Taqa North USA, Inc Hellegaard #9-12H, located in Section 9-Township 37 North, Range 57 East, Sheridan County, MT, a 640 acre horizontal well with initial production of 433 BOE per day. Production is reported to the east on a 640 acre horizontal well drilled by GeoResources, Inc, being the Carlson 1-11H located in Section 11-Township 57 North, Range 103 West, Williams County, ND, with initial production of 685 BOE per day. According to the State of Montana Board of Oil & Gas, TAQA has 8 producing horizontal Bakken wells in northern Sheridan County.

Company Strategy

The Company’s strategy is to grow through acquiring more Williston Basin acreage targeting the Bakken/Three Forks Shale and developing the acreage in the Company’s portfolio. The Company plans to drill and complete horizontal wells on the Company’s existing acreage, as well as aggressively pursuing non-operated working interests in Bakken and Three Fork wells in the Williston Basin.

Mountainview Energy Ltd 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.

Forward-Looking Statements

Certain information contained in this press release constitutes forward-looking statements, including, without limitation, information related to Mountainview’s participation in the Well, the timing, operatorship and depth of the Well and the Company’s future operational plans. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the party’s control including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources, inability to meet or continue to meet listing requirements, the inability to obtain required consents, permits or approvals and the risk that actual results will vary from the results forecasted and such variations may be material. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company’s actual results, performance or achievement could differ materially from those expressed in or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom.

The forward-looking statements contained in this press release are made as of the date of this press release. Mountainview disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Additionally, Mountainview undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

Boes

All calculations converting natural gas to barrels of oil equivalent (“boe”) have been made using a conversion ratio of six thousand cubic feet (six “Mcf”) of natural gas to one barrel of oil, unless otherwise stated. The use of boe may be misleading, particularly if used in isolation, as the conversion ratio of six Mcf of natural gas to one barrel of oil is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

CUT BANK, MT, July 26, 2011 /CNW/ – Mountainview Energy Ltd. (TSX-V: MVW) (“Mountainview” or the “Corporation“) is pleased to announce that it has entered into a binding letter of intent (the “Letter of Intent“) to acquire (the “Acquisition“) a 20% interest in approximately 67,000 acres (approximately 13,400 net acres) in the Medicine Lake Prospect located in Divide County, North Dakota and Richland, Roosevelt and Sheridan County, Montana (the “Assets“).  Pursuant to the Letter of Intent, the consideration for the Acquisition is payable through the issuance of up to 33,115,111 common shares of the Corporation (“Common Shares“) at a deemed price of $0.65CAD per Common Share. The Acquisition along with the acreage currently held by Mountainview in Divide County, North Dakota, and Richland, Roosevelt and Sheridan County, Montana brings the Corporation’s combined acreage in the Williston Basin to approximately 25,400 net acres.

In connection with the Acquisition, Mountainview is also pleased to announce that it has entered into a joint operating agreement with a large independent U.S. oil and gas company, to jointly develop the Assets.  This joint interest party will be the operator on this project.

Certain vendors of the Assets are insiders of the Corporation by virtue of their shareholdings in the Corporation (the “Insiders“).  The Insiders own, directly or indirectly, an aggregate of a 55% interest in the Assets and pursuant to the Letter of Intent such Insiders are to be issued an aggregate of up to 18,213,311 Common Shares pursuant to the Acquisition. Due to the fact that the Insiders are each a “related party” of the Corporation pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (“MI 61-101“), the acquisition by the Corporation of the Insiders’ interests in the Assets are each a “related party transaction” pursuant to MI 61-101.  The Corporation will adhere to the requirements of MI 61-101 in closing the Acquisition, including, but not limited to, obtaining the appropriate shareholder approvals.

The completion of the Acquisition is subject to the approval of TSX Venture Exchange and all other necessary regulatory approvals. In addition, the completion of the Acquisition is subject to several conditions, including the satisfactory completion of due diligence and title reviews by the Corporation, approval of the board of directors of the Corporation of the definitive agreement and certain other conditions.

Area Activity

Several producing wells have recently been drilled and completed in the Bakken Shale in the vicinity of the Company’s Montana Bakken acreage.   There is production to the south, recently reported by Brigham Exploration on the Gobbs 17-8 #1H well located in Section 17-Township 28 North, Range 57 East, with initial production of 1,818 barrels of oil equivalent (“BOE“) per day and the #1-H Swindle well, located in Section 16-Township 28 North, Range 57 East, Roosevelt County, MT, with initial production of 1,065 BOE per day.  Production is reported to the north on the Taqa North USA, Inc Hellegaard #9-12H, located in Section 9-Township 37 North, Range 57 East, Sheridan County, MT,  a 640 acre horizontal well with initial production of 433 BOE per day.  Production is reported to the east on a 640 acre horizontal well drilled by GeoResources, Inc, being the Carlson 1-11H located in Section 11-Township 57 North, Range 103 West, Williams County, ND, with initial production of 685 BOE per day.

Company Strategy

The Company’s strategy is to grow through acquiring more Williston Basin acreage; targeting the Bakken/Three Forks Shale and developing the acreage in the Company’s portfolio.   We plan to drill and complete horizontal wells on the Company’s existing acreage, as well as aggressively pursuing non-operated working interests in Bakken and Three Fork wells in the Williston Basin.

Mountainview Energy Ltd 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”

Patrick M. Montalban
President & Chief Executive Officer

MOUNTAINVIEW ENERGY LTD.
PO Box 200
Cut Bank, MT 59427

E-Mail: mvw@bresnan.net
Web Site: www.mountainviewenergy.com
Phone: (406) 873-2235 Fax: (406) 873-2835

FORWARD LOOKING STATEMENTS:

This press release contains forward looking statements. More particularly, this press release contains statements concerning the anticipated closing date of the Acquisition and future operational plans. Readers are cautioned that the foregoing list should not be construed as exhaustive.

Although Mountainview believes that the expectations reflected in these forward looking statements are reasonable, undue reliance should not be placed on them because Mountainview can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the failure to obtain necessary regulatory approvals, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses; health, safety and environmental risks; commodity price and exchange rate fluctuations; and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures) and the failure to realize the expected benefits of the Acquisition. The closing of the Acquisition could be delayed if Mountainview is not able to obtain the necessary regulatory and stock exchange approvals on the timelines it has planned. The Acquisition will not be completed at all if these approvals are not obtained or some other condition to the closing is not satisfied. Accordingly, there is a risk that the Acquisition will not be completed within the anticipated time or at all.

The forward looking statements contained in this press release are made as of the date hereof and Mountainview undertakes no obligations to update publicly or revise any forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Initial Production

Any references in this news release to initial production rates are useful in confirming the presence of hydrocarbons, however, such rates are not determinative of the rates at which such wells will commence production and decline thereafter. Additionally, such rates may also include recovered “load” fluids used in well completion stimulation. Readers are cautioned not to place reliance on such rates.

Analogous Information

Certain information in this document may constitute “analogous information” as defined in National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities (“NI 51-101″), including, but not limited to, the reservoir data and economics information relating to the areas in geographical proximity to prospective exploratory lands to be held by Mountainview.  Such information has been obtained from government sources, regulatory agencies or other industry participants.  Management of Mountainview believes the information is relevant as it helps to define the reservoir characteristics in which Mountainview may hold an interest. Some of such information is not derived from the Canadian Oil and Gas Evaluation Handbook (“COGE Handbook”) and have therefore not been prepared in accordance with NI 51-101. Mountainview is also unable to confirm that the analogous information was prepared by a qualified reserves evaluator or auditor. Such information is not an estimate of the resources attributable to lands held or to be held by Mountainview and there is no certainty that the reservoir data and economics information for the lands held or to be held by Mountainview will be similar to the information presented herein. The reader is cautioned that the data relied upon by Mountainview may be in error and/or may not be analogous to such lands to be held by Mountainview.

Boes

All calculations converting natural gas to barrels of oil equivalent (“boe”) have been made using a conversion ratio of six thousand cubic feet (six “Mcf”) of natural gas to one barrel of oil, unless otherwise stated. The use of boe may be misleading, particularly if used in isolation, as the conversion ratio of six Mcf of natural gas to one barrel of oil is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

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.

• 2011 First Quarter Report
• 2011 First Quarter MDA

• Annual General Meeting documents

MOUNTAINVIEW ENERGY LTD

PO Box 200

Cut Bank, MT 59427

E-Mail: mvw@bresnan.net

Web Site: www.mountainviewenergy.com

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

NEWS RELEASE

May 31, 2011

MOUNTAINVIEW TO DRILL BAKKEN WELL IN WILLISTON BASIN WITH

MARATHON OIL COMPANY

Mountainview Energy Ltd. (TSXV: MVW) (the “Company”) today announced that Marathon Oil Company received approval, from the Montana Board of Oil & Gas Conservation at the April 2011 Hearing, for a Temporary Spacing Unit under all of Section 1 and Section 12, Township 31 North, Range 58 East, Sheridan County, Montana.  The Company owns the NW/4 (160 acres) of Section 1, as acquired through the Stateline Project.   This will allow the Company to participate in a horizontal Bakken/Three Forks well proposed for drilling by Marathon Oil Company.  Mountainview Energy Ltd will hold a Working Interest position of approximately 12.5%.

Area Activity

Several producing wells have recently been drilled and completed in the Bakken to the North, East and South in the vicinity of the Company’s Montana Bakken acreage.   Production is reported to the north on the Taqa North USA, Inc Hellegaard #9-12H, located in Section 9-Township 37 North, Range 57 East, Sheridan County, MT,  a 640 acre horizontal well with initial production of 433 barrels of oil per day.   Production is reported to the east on a 640 acre horizontal well drilled by GeoResources, Inc, being the Carlson 1-11H located in Section 11-Township 157 North, Range 103 West, Williams County, ND, with initial production of 685 barrels of oil per day.  There is production to the south, recently reported by Brigham Oil & Gas on the #1-H Swindle, located in Section 16-Township 28 North, Range 57 East, Roosevelt County, MT, with initial production of 1,065 barrels of oil equivalent per day.

Company Strategy

The Company’s strategy is to grow through acquiring more Williston Basin and South Alberta Bakken acreage; targeting the Bakken/Three Forks Shale and developing the acreage in the Company’s portfolio.   We plan to drill and complete horizontal wells on the Company’s existing acreage, as well as aggressively pursuing non-operated working interests in Bakken and Three Fork wells in the Williston Basin.

Mountainview Energy Ltd 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”

Patrick M. Montalban
President & Chief Executive Officer

E-Mail: mvw@bresnan.net
Web Site: www.mountainviewenergy.com
Phone: (406) 873-2235 Fax: (406) 873-2835

Facebook: www.facebook.com/mountainviewenergy

Twitter: www.twitter.com/mountainviewmvw

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.

Certain information provided in this press release, including the information relating to initial rates of production from wells on lands in close proximity to the land in which the Company has an interest, is considered analogous information under National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities. Such information is based on publicly available information from other producers and has been provided to give an indication of industry activity in the area.  The Company has not independently confirmed the accuracy of this information. The initial rates of production identified do not represent estimates of future production or reserves associated with the Company’s drilling opportunities or lands in which it has an interest.

CUT BANK, MT, May 24, 2011

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

E-Mail: mvw@northerntel.net
Web Site: www.mountainview.com
Phone: (406) 873-2235 Fax: (406) 873-2835

Forward-Looking Statements

Certain information contained in this press release constitutes forward-looking statements, including, without limitation, information related to Mountainview’s participation in the Well and the timing, operatorship and depth of the Well. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the party’s control including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources, inability to meet or continue to meet listing requirements, the inability to obtain required consents, permits or approvals and the risk that actual results will vary from the results forecasted and such variations may be material. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company’s actual results, performance or achievement could differ materially from those expressed in or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom.

The forward-looking statements contained in this press release are made as of the date of this press release. Mountainview disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Additionally, Mountainview undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

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.