James W. Collins Files Early Warning Report

MCALLEN, TX, Feb. 4, 2014 /CNW/ - James W. Collins of 900 East Lakeview Drive McAllen, Texas (the "Offeror") acquired through ANG Partners, Ltd. ("ANG"), beneficial ownership and control of $2,000,000 in debentures which are convertible into 8,000,000 common shares ("Common Shares") of Montana Exploration Corp. ("Montana") on January 31, 2014. The debentures, if fully converted into Common Shares, would represent approximately 8.4% of the issued and outstanding Common Shares.

The debentures issued to ANG represent approximately 61.5% of the issued and outstanding convertible debentures issued by Montana. Collins beneficially owns and controls 39,901,629 Common Shares, representing approximately 45.6% of the issued and outstanding Common Shares. If the debentures issued to ANG are fully converted, Collins will beneficially own and control 47,901,629 Common Shares, representing approximately 50.2% of the issued and outstanding Common Shares.

The acquisition of securities in Montana by the Offeror is for investment purposes.  The Offeror may from time to time dispose of, or acquire, additional securities of Montana.  The debentures were issued to the Offeror in reliance upon the employee, executive officer, director and consultant exemption in Section 2.24 National Instrument 45-106 - Prospectus and Registration Exemptions.

This press release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed with regulatory authorities in each of the jurisdictions in which Montana is a reporting issuer containing information with respect to the foregoing matters (the "Early Warning Report"). A copy of the Early Warning Report will appear with Montana's documents on the System for Electronic Document Analysis and Retrieval and may also be obtained by contacting Maggie Thompson on behalf of the Offeror at (956) 686-5491.

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the accuracy or adequacy of this press release.

SOURCE: James W. Collins

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