International Montoro Resources Inc.
TSX VENTURE : IMT
PINK SHEETS : IMTFF
FRANKFURT : O4T

International Montoro Resources Inc.

July 13, 2011 09:00 ET

International Montoro Resources Inc.: Interpretation of Airborne Data Confirms Substantial Magnetic Anomaly

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 13, 2011) - International Montoro Resources Inc. (TSX VENTURE:IMT)(PINK SHEETS:IMTFF)(FRANKFURT:O4T) ("Montoro") has received a very positive interpretation of the large airborne anomaly outlined by a Geotech VTEM–electromagnetic airborne survey on its 100% owned "Serpent River" property near Elliot Lake, Ontario. The Company commissioned L.E.Reed ("Reed") Geophysical Consultant Inc. to interpret the airborne survey data. Reed ran the anomaly through a 3 dimensional inversion program (UBC, Mag3D) to develop an understanding of the three-dimensional shape and distribution of the source body for this anomaly. Measurements through a section in the centre of the anomaly show a depth of 300 to 400 meters to the top and as much as 1700 meters from surface to the bottom of the magnetic source body. It appears as a broad sill, possibly an intrusion. The maximum dimensions of the entire inversion block are estimated at 7.8 km EW x 3.45 km NS and 2.025 km from surface.

Attention has been called to the Pecors magnetic anomaly in the report "The Pecors Magnetic Anomaly located under Huronian Sedimentary Cover, a possible Cu-Ni-PGE Target at the Archean-Proterozoic Boundary, Elliot Lake Area", by G. Campbell, MSc.

In 1959 Algom Uranium Mines Ltd. ("Rio Algom") drilled two holes (PW-121) and (PW-122) along the south and southeastern edge of the anomaly, that penetrated the Huronian sediments and encountered underlying basement rocks at depths of 2002 feet (610 meters) and 1477 feet (450 meters) respectively. Information from the drill holes provides some corroboration of the depths from the 3D model.

Further to our news release of June 2, 2011, Reed also suggests trying to recover the drill core, chemical analysis of the source body rocks and downhole EM probing/logging. This may require either new holes or possibly re-entering, cleaning and deepening the old holes further into the basement.

Gary Musil, President, Chief Executive Officer of Montoro states, "We are now in receipt of the third positive review of the Pecors. Management are very encouraged and developing a work program to continue with further testing of this anomaly."

Select portions or the complete Reed Interpretation will be posted on the Company website at www.MontoroResources.com.

This press release has been reviewed and approved by Don Hawke, M.Sc., P.Geo., consulting geologist and a qualified person as defined in NI 43-101.

About International Montoro Resources Inc.

Montoro recently acquired a 100% interest in 12 mineral claims prospective for Rare Earth Elements, in 2 separate claim blocks covering 11,500 acres (4,654 ha), in the new Tacheeda Lake camp and Carbo area. Montoro holds a 100% interest in 5,604 acres (2,268 ha, 5 claims) – the Chuchinka property, contiguous to and adjoining a recently reported Rare Earth discovery, northeast of Prince George, B.C. Montoro is also focused on advancing its 100% optioned Elliot Lake uranium/REE project in northern Ontario. In addition the Company will continue the development with Belmont Resources Inc. (50/50) of its Crackingstone – 2,427 acres (982 ha) and Orbit –27,450 acres (11,109 ha) uranium properties in the Uranium City District – Northern Saskatchewan. The Company also holds two claim blocks (50/50 with Belmont) in the Central Mineral Belt in Labrador. The Companies have recently optioned one claim block to Rare Earth Metals Inc. (TSX VENTURE:RA) in the historical Letitia Lake-Red Wine rare earth metals camp of west-central Labrador.

Visit the Company website at www.MontoroResources.com and watch the Smartstox interview with President Gary Musil (www.smartstox.com/interviews/imt).

ON BEHALF OF THE BOARD OF DIRECTORS,

Gary Musil, President, CEO/Director

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 Companies forward-looking statements and expectations.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Ethos Consulting Ltd.
    Investor Relations
    1-888-818-1365

    International Montoro Resources Inc.
    Gary Musil
    President, CEO/Director
    604-683-6648
    604-683-1350 (FAX)
    www.MontoroResources.com