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Message: Montoro & Belmont Sells East Bay, Red Lake Claims
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Vancouver, B.C. Canada, February 6, 2012 – International Montoro Resources Inc. (“Montoro”, the “Company” or “IMT”) and Belmont Resources Inc. (“BEA”), (the “Companies IMT/BEA”) have entered into an agreement to sell their 100% interest in two patented claim groups located in the East Bay area, Red Lake, Ontario to Premier Gold Mines Limited (TSX:PG).
The two claims comprise 21.525 hectares (approx. 53 acres). Premier will pay the Companies IMT/BEA an aggregate of $20,000 cash and issue 5,000 shares of Premier (2,500 each to IMT &BEA) for the acquisition. The Companies IMT/BEA will not retain any royalty; however the claims are subject to an underlying 3% NSR payable to the original vendors. IMT/BEA has not completed any exploration on the claims, which they have held since 2004.
About International Montoro Resources Inc.
Rocky Mountain Rare Metal Belt:
Montoro recently acquired through staking 1,404 ha – 4 claims. Montoro now owns 31,149 acres (12,605.73 ha – 32 claims, one of the largest holders in the belt. Montoro’s most advanced block, is its 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 Element discovery, northeast of Prince George, B.C.
Elliot Lake, Ontario:
Montoro is also focused on advancing its 100% owned Elliot Lake uranium/REE project in northern Ontario. The Company is also further investigating a very positive interpretation of a large airborne anomaly, near Pecors Lake in the northwest corner of our Serpent River property. The dimensions of the entire inversion block are estimated at 7.8 km EW x 3.45 km NS and 2.025 km from surface.
Saskatchewan & Labrador:
Montoro 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, one of which is located in the historical Letitia Lake-Red Wine rare earth metals camp of west-central Labrador.
For further information contact the Company at 604-683-6648. 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”
Gary Musil, President
CEO/Director
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