Mr. Patrick Montalban reports

MOUNTAINVIEW ENERGY LTD. PROVIDES OPERATIONAL UPDATE ON ITS 12 GAGE PROJECT IN THE WILLISTON BASIN

Mountainview Energy Ltd. is providing an operational update on the current drilling program in the Williston basin and the current production rates for those wells completed during the winter drilling program.

Heckman 7-6-1H, Section 7 and 6, T162N-101W, Divide county, North Dakota

Mountainview moved in Nabors 272 and commenced drilling operations on the Heckman 7-6-1H well, the first Three Forks well of Mountainview's planned three-well summer drilling program on its 12 Gage project. The company spudded and drilled to 1,345 feet and cemented 9-5/8th-of-an-inch surface casing on the well. Sanjel Corp. was the service company which completed the cementing operations. The company is currently drilling at 3,600 feet on the well, which has a planned total depth of 18,270 feet. The company plans to use a 26-stage, plug-and-perforate frack stimulation, as performed on its previous three-well program.

Olson 2-11S-1H, Section 2 and 11, T162-101W, Divide county, North Dakota

The company's second Three Forks well of its summer drilling program is the Olson 2-11S-1H well. The well has been permitted, and the company plans to use the same location and road as the Olson 34-26-1H well, which will provide significant cost savings in the drilling and completion stages of this well. The company plans to drill the Olson 2-11S-1H well to a total depth of 18,450 feet.

Charolette 1-12-1H, Section 1 and 12, T162-R101W, Divide county, North Dakota

The third well planned for the summer drilling program is the Charolette 1-12-1H. The Charolette well is in the process of being permitted. This well is a direct eastern offset to the Olson 2-11S-1H well.

The attached table details the company's operated wells in the 12 Gage project.

                       OPERATED WELLS OF 12 GAGE PROJECT

Well name               Working interest                              Current status

Wigness 5-8-1H                     93.75%       June average production -- 186 boe/d
Leininger 3-10-1H                  87.51%       June average production -- 227 boe/d
Olson 35-26-1H                     62.27%       June average production -- 213 boe/d
Heckman 7-6-1H                     90.26%                     Drilling at 3,600 feet
Olson 2-11S-1H                     70.26%               Permitted and location built
Charolette 1-12-1H                 30.23%                                 Permitting                                                                            

Management's comments

Patrick Montalban, president and chief executive officer of Mountainview Energy, commented on the current drilling program: "The company is extremely excited about its 2013 summer drilling program. Mountainview expects to significantly reduce drilling and completion costs during its summer program in comparison to its winter program, as we are not dealing with subzero temperatures. In addition, with the hiring of Justin Balkenbush, VP of engineering, we will be reducing our consulting costs, as all operations conducted by our VP of engineering out of our Billings office. The company has more than quadrupled its operated production from a daily average of 130 boe/d in May, 2012, to 787 boe/d in May, 2013, and will continue to increase its daily production after completing the current summer program. The company is growing at a significant pace due to the large working interest (company ownership) position held on the wells being drilled."

We seek Safe Harbor.