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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Duff Gain who wrote (6959)	3/5/2002 7:35:53 PM
From: Al Collard	Respond to of 11802

MEO-v...in the news: Montello to sell 40% Poplar interest to Arctic Star Tue 5 Mar 2002 The Canadian Venture Exchange has accepted for filing documentation dated May 16, 2001, whereby Montello is disposing of its 40-per-cent interest in the Poplar joint venture property in Manitoba to Arctic Star Diamond Corp. (CDNX: ADD). Arctic Star is a related party of Montello. The consideration to be exchanged is 1.5 million Arctic Star special warrants and $75,000. The 1.5 million special warrants are subject to a three-year escrow. Arctic Star will also be assuming $302,000 in liabilities from Montello that were incurred as Montello's portion of the property expenditures on the Poplar property.

To: Duff Gain who wrote (6959)	3/6/2002 2:00:49 PM
From: Al Collard	Respond to of 11802

MEO-v...in the news: Montello's Tennessee lands to be drilled March 11 or 12 Wed 6 Mar 2002 Mr. Patrick Power reports MONTELLO ENTERS INTO DRILLING CONTRACT IN TENNESSEE Montello Resources has been notified by its joint venture partner, Capital East Ventures, that a contract has been signed with Union Drilling to commence drilling on its eastern Tennessee oil and gas properties. The joint ventured leases, Rogezsville and Sneedville, were originally selected by using the national uranium resource exploration (NURE) airborne data acquired through the US Department of Energy's (DOE) 10-year comprehensive survey of uranium values. Subsequently, charts from high-quality 2-D seismic work performed under a DOE contract verified two areas of significant potential gas reserves in east Tennessee. Radiometric measurements along with telluric analysis were used to design an efficient 3-D seismic shoot. The 3-D seismic was completed and interpretation produced drill targets. These 3A targets were compared with the Tellurics targets and it was confirmed that there was a direct correlation and both results indicated the presence of hydrocarbons at the same depths. In addition to hydrocarbon indicators, these drill targets display faulted and fractured reservoirs. Capital East Ventures, the operator, has notified Montello that Union will be able to mobilize the rig as of March 10, 2002, with actual drilling to commence on March 11 or 12, 2002. For further details on the drill program please call the company at 604-689-1799 or E-mail: it@nontello.com.