ANTORO RESOURCES INC.

ANTORO RESOURCES INC.

February 24, 2005 16:48 ET

AntOro, Montalembert Property: Exploration Update


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ANTORO RESOURCES INC.

TSX VENTURE SYMBOL: ORE

FEBRUARY 24, 2005 - 16:48 ET

AntOro, Montalembert Property: Exploration Update

MONTREAL, QUEBEC--(CCNMatthews - Feb. 24, 2005) - AntOro Resources Inc.
(TSX VENTURE:ORE) wishes to inform its shareholders on the exploration
activities undertaken on the Montalembert property during the previous
year. Located approximately twenty kilometres from the village of
Waswanipi the property is in close proximity to the Ailly and Le Tac
kimberlite fields.

Reconnaissance sampling : Diamond exploration

The corporation dispatched a field crew to complete the reconnaissance
till sampling program initiated during the summer of 2002 and cut short
due to forest fires blazing only a few kilometres from the property.
Nine samples were collected in the northwestern part of the property and
were subsequently submitted to IOS Services Geoscientifiques for heavy
mineral separation which is a valuable tool for diamond and precious
metal exploration.

Follow-up on the induced polarization (IP) targets

The corporation followed-up on surface prospecting of the IP targets
identified during the 1998 IP survey. Twenty-five samples were
collected on surface and sent to the lab for precious and base metal
assays.

Future work

AntOro is anticipating positive results on the glacial sediment
reconnaissance survey. Following reception of these results, the
corporation may opt to perform an orientation survey in the immediate
region surrounding the property and perform a second till-sampling
survey using a finer sampling mesh.

The corporation also intends to follow up on its exploration efforts
targeting precious and base metals by means of exploration drilling of
the I.P. targets that have not been drilled.

All samples collected have been sent to various laboratories. The
company is awaiting results which will be disclosed upon receipt of the
final reports.

Maintenance work on access road

Repeated use of the access road in previous years had caused
considerable deterioration. In order to facilitate future access to the
property, AntOro carried out the necessary maintenance work.

Conversion of staked claims to map-designated claims

The Corporation also completed the conversion of staked claims to
map-designated claims ("CDC"). The old claims were converted into forty
CDC's totaling 2,016.72 hectares. This operation did not modify the
accumulated exploration work credits used to renew these claims.

AntOro also wishes to announce that, according to release agenda
provided by the new Escrow Agreement entered into on June 19, 2003
pursuant to the 375,000 common shares of the Corporation held by Mr.
Francois C. Desrosiers, an additional block of 56,250 common shares of
the Corporation, which represent 15% of the escrowed securities, were
released on February 18th, 2005. This release is made pursuant to the
new release conditions approved by the Canadian Securities
Administrators (CSA).

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    AntOro Resources Inc.
    Francois C. Desrosiers
    President
    (514) 982-6044
    www.antoro.com
    The TSX Venture Exchange does not accept responsibility for adequacy or
    accuracy of this release.