MONTELLO RESOURCES LTD.

57 Emerald Ridge E.

White City, SK S4L 0B3

www.montello.com

November 19

, 2014

Symbol: V.MEO.H

Montello

Announces

New

Director andCEO

The Company wishes to announce the appointment of Laara Shaffer, as Director and Interim Chief Executive Officer. Fred Hill has been appointed as Chairman of the Company. James O’Brien has stepped down as Director and Chief Executive Officer to pursue other interests. The board wishes to thank Mr. O’Brien for his contribution to the Board.

ON BEHALF OF THE BOARD OF DIRECTORS

Fred Hill

Director

For further information about this announcement and about Montello, please contact

. And go to

www.sedar.com

for a

detailed list of all filings. Visit

www.montello.com

for ongoing updates & have your na

me included on our mailing list.

About Montello

Management's goal is to pursue opportunities for high impact oil and gas exploration and recompletion projects preferably in

Western Canada

Neither TSX Venture Exchange nor its Regulation Services Provider

(as that term is defined in the policies of the TSX Venture Exchange) accepts

responsibility for the adequacy or accuracy of this release.

Forward

-

Looking Information

This document may contain "forward

-

looking information" within the meaning of Canadian

securities legislation and "forward

-

looking

statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward

-

looking

statements"). These forward

-

looking statements are made as of the date of this

document and Montello Resources Ltd. (the "Company") does

not intend, and does not assume any obligation, to update these forward

-

looking statements, except as required under applicable securities

legislation.

Forward

-

looking statements relate to future e

vents or future performance and reflect Company management's expectations or beliefs

regarding future events and include, but are not limited to, statements with respect to the estimation of mineral reserves an

d resources, the

realization of mineral reserv

e estimates, the timing and amount of estimated future production, costs of production, capital expenditures,

success of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitatio

ns on insurance

cover

age. In certain cases, forward

-

looking statements can be identified by the use of words such as "plans", "expects" or "does not expect",

"is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "

believes", or variations of

such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be tak

en", "occur" or

"be achieved" or the negative of these terms or comparable terminology. By their very n

ature forward

-

looking statements involve known and

unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company

to be

materially different from any future results, performance or achievements

expressed or implied by the forward

-

looking statements. Such

factors include, among others, risks related to actual results of current exploration activities; changes in project paramete

rs as plans continue

to be refined; future prices of resources; possi

ble variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks

of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or constr

uction activities;

as well as t

hose factors detailed from time to time in the Company's interim and annual financial statements and management's discussion

and analysis of those statements, all of which are filed and available for review on SEDAR at

www.sedar.com

. Although the Company has

attempted to identify important factors that could cause actual actions, events or results to differ materially from those de

scribed in forward

-

looking statements, there may be other factors that cause act

ions, events or results not to be as anticipated, estimated or intended. There can

be no assurance that forward

-

looking statements will prove to be accurate, as actual results and future events could differ materially from

those anticipated in such stateme

nts.

.

Accordingly, readers should not place undue reliance on forward looking statements.