Mr. Patrick Montalban reports

MOUNTAINVIEW ENERGY LTD. ANNOUNCES PRODUCTION RATE FOR THE CHARLOTTE 1-12-1H OF 598 BOE/D FOR INITIAL 7 DAYS

Mountainview Energy Ltd. has provided an operational update on its 2013 drilling program in Mountainview's 12 Gage project in the Williston basin.

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

Mountainview is pleased to announce that it has placed the Charlotte 1-12-1H well on production with artificial lift. The Charlotte well, which is the company's third Three Forks well of its summer three-well drilling program, was completed using a 32-stage plug and perforation program. The company's previous five operated wells were completed using 26 stages. According to field estimates, the initial seven-day average production for the Charlotte well, which is still recovering frac load water, was 598 barrels of oil equivalent per day gross (417 barrels of oil equivalent per day net), comprising 90 per cent oil. The Charlotte well has produced for approximately 30 days averaging 550 barrels of oil equivalent per day gross (384 barrels of oil equivalent per day net), comprising 90 per cent oil. The Charlotte is the third successive well to exceed initial production expectations and is the company's highest producing well thus far.

Mountainview operational/production update

The company now has six wells from its 2013 drilling program in Divide county, North Dakota, in its 12 Gage project on production, with a current production rate of 1,652 barrels of oil equivalent per day gross (1,243 barrels of oil equivalent per day net). The company's total corporate production is approximately 1,802 barrels of oil equivalent per day gross (1,393 barrels of oil equivalent per day net).

Management comments

Patrick Montalban, president and chief executive officer of Mountainview Energy, commented on the completion of the drilling program: "In executing the 2013 summer drilling program, the company achieved a 25-per-cent reduction in drilling and completion costs and increased production levels by 30 per cent to 40 per cent, when compared to the previous three well program. Work continues on reducing monthly operating expenses by cutting workover and water disposal costs leading to increased proved producing reserves and thus value to the shareholder."

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