Belmont Resources Inc.

Belmont Resources Inc.
International Montoro Resources Inc.

International Montoro Resources Inc.

October 24, 2006 09:30 ET

Montoro-Belmont Completes 11,109 Ha. Claim Staking in Athabasca Basin, Saskatchewan

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 24, 2006) - International Montoro Resources Inc. ("IMT") (TSX VENTURE:IMT)(FWB:O4T) and Belmont Resources Inc. ("BEA") (TSX VENTURE:BEA)(FWB:L3L) have completed the staking of 11,109 hectares adjoining the Companies 750 hectare Crackingstone River Property ("CRR") located on the north shore of Lake Athabasca and 8 km. SW of Uranium City, Saskatchewan.

Following the preliminary evaluation on the CRR property visit by independent consulting geologist, R.A. Bernatchez, P.Eng., additional staking was recommended to the west and north, based on the release of the results of a 2001 SNRC Airborne Magnetic and Radiometric Survey by the Saskatchewan Geological Survey of the Tazin Lake (Uranium City) area. The magnetic resolution of this area has clearly defined the Crackingstone Fault which is the westerly extension of the St. Louis Fault. The St. Louis Fault is host to the Ace, Fay, Verna, and Bolger deposits. The Cinch Lake Uranium mine is located at the easterly extension of the Crackingstone Fault at its intersection with the northeasterly trending Black Bay Fault. The Crackingstone Fault extends westerly through the CRR property and onto the newly staked ground. Two additional northeasterly trending faults, the Spot Lake and Powerline Fault intersects the Crackingstone Fault west of the CRR property and onto the new claims. The 2001 SNRC Airborne Radiometric Survey has identified 15 strong-moderate and 20 moderate-weak radiometric anomalies over the newly staked ground.

The newly staked claims now adjoin a large claim block to the south owned by CanAlaska Uranium Ltd. (formerly CanAlaska Ventures- "CVV"). Cameco Corp. ("CCO"), the world's largest uranium producer, holds a block of claims to the west of IMT and BEA property.

The companies have seen an increase of activity in the northwest area of the Athabasca Basin with a recent announcement by JNR Resources Inc. ("JNN") that airborne electromagnetic and magnetic geophysical surveys are underway on the 10,655 hectare Crackingstone project. JNR has contracted Geotech Ltd. to fly a 1,350 line-km survey over the Crackingstone property using its helicopter-borne VTEM systems. The JNR claims are located nearby to the south and southeast of the CRR property.


Gary Musil, CFO/Director

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