Montana Exploration Corp. Announces Completion Of Rights Offering

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE DISTRIBUTION SERVICES/

TSX-V SYMBOL: MTZ

CALGARY, June 5, 2013 /CNW/ - Montana Exploration Corp. ("Montana") is pleased to announce its rights offering was fully subscribed (the "Rights Offering") for aggregate gross proceeds of $1,680,000.  A total of 8,400,000 common shares were issued under the Rights Offering at a price of $0.20 per common share.  ANG Partners, Ltd. ("ANG"), a significant shareholder of Montana, exercised its stand-by commitment to acquire all remaining unexercised rights.  As compensation for providing the stand-by commitment, Montana issued 625,000 warrants to ANG, each warrant entitling ANG to purchase one common share at an exercise price of $0.25 per common share with a term expiring six months from closing of the Rights Offering.

The proceeds from the Rights Offering will be used to meet Montana's financial commitments under its farmout and participation agreement with a private Denver based oil and gas company, to reduce outstanding payables relating to the ordinary operation of Montana's business and to fund general and administrative costs.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Caution Regarding Forward Looking Information

Certain statements contained in this document constitute "forward-looking statements" and/or "forward-looking information" within the meaning of applicable securities laws (collectively referred to as forward-looking statements). Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "believe", "expect", "plan", "intend", "forecast", "target", "project", "guidance", "may", "will", "should", "could", "estimate", "predict" "propose" or similar words suggesting future outcomes or language suggesting an outlook. Forward-looking statements in this press release include, but are not limited to statements about the use of proceeds from the Rights Offering.

Forward-looking statements and information contained in this press release are based on our current beliefs as well as assumptions made by, and information currently available to, us. Although we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect.

By their very nature, the forward-looking statements included in this press release involve inherent risks and uncertainties, both general and specific, and risks that predictions, forecasts, projections and other forward-looking statements will not be achieved. We caution readers not to place undue reliance on these statements as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations and anticipations, estimates and intentions expressed in such forward-looking statements. No assurance can be given that any of the events anticipated by the forward-looking information and statements will transpire or occur or, if any of them does, what benefits Montana will derive from them.  Readers are cautioned that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to Montana, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Furthermore, the forward-looking statements contained in this press release are made as of the date of this document and we do not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

SOURCE: Montana Exploration Corp.

Charles Selby, Chairman & CEO
Telephone: [phone] (ext 247)
Fax: [phone]
Email: [email protected]

Don Foulkes, President
Telephone: [phone] (ext 248)
Fax: [phone]
Email: [email protected]