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ACQUIRES ADDITIONAL CLAIMS IN ITS TACHEEDA LAKE CLAIM BLOCK, NORTHEAST OF PRINCE GEORGE, B.C.

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May 24, 2012- Vancouver, B.C., Canada - International Montoro Resources Inc. (“Montoro”) (TSX-V: IMT) has recently acquired a 100% interest in four (4) mineral claims representing 1,065.10 ha, which were located in the middle of the west side of the Tacheeda Lake claim block, as well as adjoining a portion of the property on the east side which was previously developed and quarried by B.C. Railway where some of the limestone was used for railway ballast. Diamond Limestone Ltd. proposed developing the deposit and the deposit was mapped and sampled in 1983 (Minfile 093J-019). The Company has recently received an interest in the railway ballast (limestone) and is taking steps to secure the permits in order to further develop this quarry.

The Tacheeda property located in ‘The Rocky Mountain Rare Metal Belt’ now consists of 24 mineral tenures, covering an area of 21,374 acres (8,650 ha) and surrounds claims held by Spectrum Mining Corp. The Spectrum claims were believed to cover a buried carbonatite (Cominco 1986, Tacheeda Lake- ARIS report 15322).
The acquisition of these claims will also allow Montoro to proceed with uninterrupted development of targets recently located from the 989 line km AeroMAG magnetic and radiometric airborne geophysical survey conducted around the middle of this large claim block.
Terms of the acquisition are:
  • $500 upon execution of the agreement and a further $1,500 upon regulatory approval;
  • 300,000 common shares within ten days of regulatory approval;
  • 300,000 warrants to the vendor for the right to purchase up to an aggregate of 300,000 common shares of the Company, exercisable for two years at an exercise price of $0.08 in the first year and $0.12 in the second year;
  • A 1% NSR with the right to purchase ½% by paying the vendor $500,000 prior to bankable feasibility.
About International Montoro Resources Inc.
Montoro recently acquired a 100% interest in 23 mineral claims prospective for Rare Earth Elements, in 2 separate claim blocks covering 18,743 acres (7,585 ha) in the new Tacheeda Lake camp; and 3,330 acres (1,348 ha) Carbo area. Montoro also holds a 100% interest in 5,604 acres (2,268 ha, 5 claims – the Chuchinka property) contiguous to and adjoining the Wicheeda, a previously 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. One claim block 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
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. 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.
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