International Montoro Resources Inc.

International Montoro Resources Inc.

November 24, 2010 09:00 ET

Montoro Acquires Tacheeda Lake Rare Earth Prospect Northwest of the Wicheeda Rare Earth Discovery in BC

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 24, 2010) - International Montoro Resources Inc. ("Montoro") (TSX VENTURE:IMT)(PINK SHEETS:IMTFF)(FRANKFURT:O4T) has acquired a 100% interest in 12 mineral claims prospective for Rare Earth Elements, in 2 separate claim blocks covering approximately 11,500 acres (4654 ha), located northwest of the "Wicheeda" rare earth element discovery in the new Tacheeda Lake camp in the "Carbo" area of northeastern British Columbia.

The first claim block is located on trend to the northwest of Montoro's "Chuchinka" claims, which are contiguous to Spectrum Mining Corp.'s "Wicheeda" Rare Earth Element discovery, and comprised of 3 mineral claims totaling 3,331 acres (1,348 ha). The second claim block surrounds an area owned by Spectrum Mining Corp. and is referred to as the Tacheeda Lake area. This second claim group is comprised of 9 mineral claims totaling 8,170 acres (3,306 ha) containing a 231 acre (93 ha) claim called "open pit" that previously produced Limestone, now potentially associated with Rare Earth Element discoveries in this area.

Min File Report: (

International Montoro Resources' President and CEO, Gary Musil, stated, "We are excited to have strategically increased our land holdings in close proximity to recent significant rare earth element discoveries. The "Carbo" area of northeastern BC is currently undergoing a massive staking campaign and land acquisitions heavily concentrated in the recently named "Rocky Mountain Rare Metals Belt", as a result of recent positive exploration work in the area including: soil, silt, and rock sampling, diamond drilling, and airborne surveying surrounding Spectrum Mining's "Wicheeda" discovery. Montoro will continue to enhance shareholder value through strategic acquisitions and upcoming work programs now being developed."

International Montoro Resources can acquire the properties by making staged cash payments totaling $50,000, and issuing 2,000,000 units over a period of one year (each unit comprised of one common share of IMT and one share purchase warrant entitling the holder to purchase one additional share of IMT for a period of one year from issuance at a price of $0.15 per share).

The Chuchinka and Wicheeda Properties –High Grade REE Target Locale

IMT's Chuchinka claims are contiguous to Canadian International Minerals Inc. (TSX.V: CIN) and the rare earth element discoveries by Spectrum Mining Corporation. According to Spectrum Mining Corporation's paper presented at the 5th Annual Minerals South Conference & Trade Show in October 2009, Spectrum completed eleven diamond drill holes totaling 1,835 metres on the "Main Zone" at Wicheeda. All 11 drill holes intersected significant rare earth mineralization, of which the best drill intercepts were a 48.64 metre interval that returned 3.55% REE, a 72.0 metre interval that returned 2.92% REE, and a 144 metre interval that returned 2.20% REE in three separate holes. The 2009 drilling suggests that mineralization remains open in all directions, including to the north of Wicheeda where the Chuchinka property is located.

Mr. Bruce E. Bried, P.Eng. is the Qualified Person as defined by National Instrument 43-101 responsible for the technical information of this news release.

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. Montoro holds a 100% interest in 5604 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 (2427 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.V: RA) in the historical Letitia Lake-Red Wine rare earth metals camp of west-central Labrador. For further information phone the Company at 604-683-6648 or visit the Company website at and watch the SmartStox interview with President Gary Musil.

SmartStox Interview:


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.

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