Mountainview Energy Ltd's mission is to explore, drill and develop for oil and gas in the Williston Basin Bakken/Three Forks play and the South Alberta Bakken play. By acquiring these properties we have the opportunity, through exploration and development drilling, to increase our daily production. Our strategy will allow Mountainview Energy Ltd to build an oil and gas company based on solid fundamentals. To accomplish our goals Mountainview will rely on Management's proven record of over 50 years of developing oil and gas fields both in private and public companies.

1. Mountainview Energy Ltd Announces the
Acquisition of 13,000 Net Acres in the Bakken
and Three Forks Play in the Williston Basin
/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY UNITED
STATESNEWS SERVICES./
CUT BANK, MT, April 30, 2012 /CNW/ - Mountainview Energy Ltd. (TSXV: MVW) ("Mountainview" or the
"Company") is pleased to announce that it has entered into a binding purchase and sale agreement (the "Purchase and Sale
Agreement") to acquire (the "Acquisition") 12,778 net acres of oil and gas leaseholds in Divide County, North Dakota (the
"Assets") from a private oil and gas company. Pursuant to the Purchase and Sale Agreement, Mountainview has agreed to
pay $1,000.00 per net acre for a total purchase price equal to $12,678,000 (the "Purchase Price"). Future operational plans
related to the Assets will be disclosed following the closing of the Acquisition.
As stated in previous news releases of the Company, a key component of Mountainview's strategy has been and will continue
to be to grow through the acquisition of Williston Basin acreage. The Acquisition brings the Company's total acreage in the
Williston Basin to approximately 36,000 net acres. The Williston Basin has recently seen a significant increase in drilling
activity, with production occurring from both the Bakken and Three Forks formations. Issuers in the area of the Williston
Basin where the Assets are located have also noted lower drilling and completion costs compared to other parts of the
Williston Basin. The Company has recently participated in the SM Energy Wolter 13-23H which is in close proximity to the
Assets. The Wolter well, which is located in sections 23 & 14, T163N, R100W has been on production for 89 days and has
produced 48,982 barrels of oil and 41,584 MCF of natural gas which is a 628 boe/d average daily production over the life of
the well. Another well was drilled in close proximity to the Assets by SM Energy; the Legaard 4-25H well, which is located
in section 25 & 36, T163N, R101W has been on production for 115 days and the well has produced 53,647 barrels of oil and
52,375 MCF of gas which is a 542 boe/d average daily production over the life of the well. 1
Mountainview expects to fund the Acquisition through the issuance of debt or equity securities (or a combination of both) or
through the sale of non-core assets. In the event that Mountainview is not able to secure debt or equity financing for the
Purchase Price on attractive terms, three insiders of the Corporation have agreed to secure the necessary funds.
The closing of the Acquisition is expected to occur on May 30, 2012 and is subject to the approval of TSX Venture Exchange
and all other necessary regulatory approvals. In addition, the completion of the Acquisition is subject to several conditions,
including the satisfactory completion of due diligence and title reviews by the Corporation.
Mountainview Energy Ltd. is a public oil and gas company listed on the TSX Venture Exchange, with a primary focus on the
exploration, production and development of the Bakken and Three Forks Shale in the Williston Basin and the South Alberta
Bakken.
CAUTIONARY STATEMENTS
U.S. Securities Laws Matters

2. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States.
The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S.
Securities Act"), or any state securities laws, and may not be offered or sold within the United States (as defined in the U.S.
Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or unless an exemption
from such registration is available.
Analogous Information
Certain information in this document may constitute "analogous information" as defined in National Instrument 51-101 -
Standards of Disclosure for Oil and Gas Activities ("NI 51-101"), including, but not limited to, information relating to the
areas in geographical proximity to prospective exploratory lands held or to be to be held by Mountainview. Such
information has been obtained from government sources, regulatory agencies or other industry participants. Management of
Mountainview believes the information is relevant as it helps to define the reservoir characteristics in which Mountainview
may hold an interest. Mountainview is unable to confirm that the analogous information was prepared by a qualified
reserves evaluator or auditor. Such information is not an estimate of the reserves or resources attributable to lands held or
to be held by Mountainview and there is no certainty that the reservoir data and economics information for the lands held or
to be held by Mountainview will be similar to the information presented herein. The reader is cautioned that the data relied
upon by Mountainview may be in error and/or may not be analogous to such lands to be held by Mountainview.
Forward-Looking Statements
Certain information contained in this press release constitutes forward-looking statements, including, without limitation,
information related to the Acquisition, the source of funds for the Purchase Price and the timing of the closing of the
Acquisition. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are
beyond the Company's control including the impact of general economic conditions, industry conditions, volatility of
commodity prices, currency fluctuations, environmental risks, competition from other industry participants, the lack of
availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from
internal and external sources, inability to meet or continue to meet listing requirements, the inability to obtain required
consents, permits or approvals and the risk that actual results will vary from the results forecasted and such variations may
be material. Readers are cautioned that the assumptions used in the preparation of such information, although considered
reasonable at the time of preparation may prove to be imprecise and, as such, undue reliance should not be placed on
forward-looking statements. The Company's actual results, performance or achievement could differ materially from those
expressed in or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the
events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the
Company will derive therefrom.
The forward-looking statements contained in this press release are made as of the date of this press release. Mountainview
disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, except as required by applicable securities laws. Additionally, Mountainview
undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters
discussed above.
Barrels of Oil Equivalent

3. Barrels of oil equivalent (boe) is calculated using the conversion factor of 6 Mcf (thousand cubic feet) of natural gas being
equivalent to one barrel of oil. Boes may be misleading, particularly if used in isolation. A boe conversion ratio of 6 Mcf: 1
Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a
value equivalency at the wellhead.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
1
These production numbers were referenced in the North Dakota Oil and Gas Division website.
For further information:
Patrick M. Montalban
President & Chief Executive Officer
E-Mail: mvw@bresnan.net
Web Site: www.mountainviewenergy.com
Phone: (406) 873-2235 Fax: (406) 873-2835