International Montoro Resources Inc.
TSX VENTURE : IMT
FRANKFURT : O4T

International Montoro Resources Inc.

January 25, 2008 14:18 ET

International Montoro Resources Inc.: $1 Million Private Placement Financing Proceeding

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 25, 2008) - International Montoro Resources Inc. (TSX VENTURE:IMT)(FRANKFURT:O4T) ("Montoro" or the "Company") is pleased to announce it has arrange non-brokered private placements to raise up to $1 million by the sale of 4,000,000 units at $0.25 per unit. Each unit will consist of one common share and one two year non-transferable share purchase warrant. One warrant will entitle the holder to purchase one additional common share of the Company for a period of 120 days at a price of $0.45 per share. After 120 days, two share purchase warrants will be required to purchase one additional common share of the Company at a price of $0.45 per share for two years.

The Company intends to utilize the proceeds of the private placement for continued exploration and drilling on its Elliot Lake-Ontario uranium property, its Uranium City-Saskatchewan area properties, and general working capital.

The Company will pay a finder's fee or commission in accordance with the policies of the TSX Venture Exchange. The private placement is subject to the approval of the TSX Venture Exchange.

About International Montoro Resources Inc.

International Montoro Resources is focused on the advancement of its 100-percent optioned Elliot Lake uranium project in northern Ontario and Cup Lake/Donen uranium project in south-central British Columbia. In addition the Company (50/50) with Belmont Resources Inc. has acquired significant uranium properties located in the Central Mineral Belt Uranium District in Labrador (recently optioned to Crosshair Exploration (TSX VENTURE:CXX) and two claim blocks (Crackingstone-982 ha & Orbit Lake-11,109 ha) in the Uranium City District in Northern Saskatchewan (recently optioned the Orbit-11,109 ha block to Ultra Uranium (TSX VENTURE:ULU). Through project generation and additional discoveries, Montoro will provide shareholders with exposure and leverage to the rising global demand for uranium.

ON BEHALF OF THE BOARD OF DIRECTORS,

Gary Musil, President, CFO/Director

For further information visit the Company's website at www.montororesources.com and watch the Smartstox interview with President Gary Musil.

The statements used in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's forward-looking statements and expectations.

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

Contact Information

  • International Montoro Resources Inc.
    Gary Musil
    President
    (604) 683-6648
    (604) 683-1350 (FAX)
    Email: montoro@telus.net
    Website: www.MontoroResources.com
    or
    CHF Investor Relations
    Michael Borovec
    Associate Account Manager
    (416) 868-1079 ext. 229
    Email: michael@chfir.com
    or
    CHF Investor Relations
    Cathy Hume
    CEO
    (416) 868-1079 ext. 231
    Email: cathy@chfir.com
    or
    Keith Bullen
    Consultant
    (416) 350-2794