Mountainview Energy Ltd. provide 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., 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 per day.*

The Company acquired approximately a 3.8% working interest in the SM Energy Company 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.

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

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