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

International Montoro Resources Inc.

October 04, 2011 09:00 ET

Montoro Substantially Increases Tacheeda Lake Rare Earth Element Prospect

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 4, 2011) - International Montoro Resources Inc. ("Montoro") (TSX VENTURE:IMT)(PINK SHEETS:IMTFF)(FRANKFURT:O4T) has entered into an agreement to acquire an additional 11 claims - 4,278.52 hectares (the "Rocky" group) adjoining and surrounding its "Tacheeda NW" Rare Earth Element prospect located in 'The Rocky Mountain Rare Metal Belt' of northern British Columbia, and contiguous to claims held by Spectrum Mining Corp.

The southwest portion of Montoro's newly acquired Rocky group was historically explored by Teck Corporation to cover a sedimentary exhalative target based on results of a regional program carried out in the area. The 1992 regional program outlined Zn and Pb soil anomalies. A 1993 program was subsequently carried out to further define the 1992 program, confirm the anomalies by geophysics and geologically map the property.

(See Assessment Report #23,027 at: http://aris.empr.gov.bc.ca/ArisReports/23027.PDF)

The soil survey outlined a 1.6 km long northwest trending multi-element Pb, Zn, Ag and Ba anomaly open in both directions. Values ranged up to 94 ppm Pb, 2498 ppm Zn, 11.1 ppm Ag and 2400 ppm Ba, significantly anomalous in this till covered environment.

The Rocky group surrounds Montoro's existing Tacheeda Lake claims acquired in 2010 (November 24, 2010) and the Tacheeda Lake Project owned by Spectrum Mining Corp., which was believed to cover a buried carbonatite (Cominco 1986, Tacheeda Lake). This acquisition more than doubles the size of Montoro's existing Tacheeda Lake REE property bringing the total size to over 7,580 hectares (18,730 acres) and contains a 93.41 hectare (231 acre) claim called "Quite the Little Pit" that previously produced limestone.

Terms of the Agreement to acquire 100% interest are: Cash payment of $2,500 and issuance of 400,000 units (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 two years from issuance at a price of $0.10 in year one and $0.15 in year two). The Agreement is subject to regulatory approvals.

This press release has been reviewed and approved by Neil McCallum, P.Geo., 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 the Wicheeda, 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. in the historical Letitia Lake-Red Wine rare earth metals camp of west-central Labrador.

Also 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.
    604-683-6648
    www.MontoroResources.com