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November 22, 2009 5:51:34 PM EST

Canada News

Monterey Exploration Ltd. Provides an Operational Update With Respect to Certain of Its Operations in the Groundbirch Area of Northeast British Columbia

CALGARY, ALBERTA, Nov 22, 2009 (Marketwire via COMTEX News Network) --

Monterey Exploration Ltd. ("Monterey" or the "Corporation")(TSX:MXL) is pleased to provide an operational update with respect to certain of its operations in the Groundbirch area of Northeast British Columbia.

Monterey drilled and cased a 100 percent working interest horizontal Montney test well at 4 - 30 - 80 - 20W6M (the "4-30 well") and commenced completion operations on November 4, 2009. The 1800m horizontal section was fracture stimulated in 6 separate stages utilizing limited entry slick water multi-st (continued...)

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