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.

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

Mountainview completed 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 Heckman well reached a total depth of 18,165 feet in 19 days. The site is currently being prepared for the 26-stage plug and perf fracture stimulation, which is planned for the week of Aug. 19. Good geologic oil and gas shows were encountered while drilling the lateral, and the well was drilled under budget by Nabors rig No. 272.

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 was spudded on Aug. 7 at 11 p.m., and the company ran 1,435 feet of seven-inch surface casing. The Olson well is being drilled on a dual pad with the Olson 35-26-1H well, which will provide significant cost savings due to the use of the same location and road.

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

The third well planned for the summer drilling program is the Charlotte 1-12-1H. The Charlotte well is permitted, and the company is currently constructing the location. This well is a direct eastern offset to the Olson 2-11S-1H well.

Management's comments

Patrick Montalban, president and chief executive officer of Mountainview Energy, commented on the current drilling program: "We are pleased to announce the commencement of our 2013 summer drilling program and to report the successful drilling of the Heckman 7-6-1H. We are confident that we will be able to drill the three wells in this program under budget and optimize production through the knowledge obtained during the 2012 winter drilling program."

We seek Safe Harbor.