Montello Resources Ltd. announced the appointment of Mr. James O'Brien as Director, Chairman, Chief Executive Officer of the Company with Mr. Peter Brown's resignation from these positions effective immediately. Mr. O'Brien has a strong understanding of acquisitions and structuring and has demonstrated an ability to raise capital/financing with his knowledge of equity markets and familiarity with audits. He has a global network of business associates and contacts in 29 countries, 10 Canadian provinces and 26 U.S. states and is experienced in debt syndication, public offerings and securities, dealing with securities lawyers and commissions.