International Montoro Resources Inc. (TSX
VENTURE:IMT)(FRANKFURT:O4T)(PINKSHEETS:IMTFF) (the "Company" or "Montoro") is
pleased to announce it is arranging a non-brokered flow-through private
placement to raise up to $600,000.


The Company will be issuing 5.0 million units at $0.12. Each unit will consist
of one flow-through common share and a one year transferable (non -flow through)
share purchase warrant. Each full warrant will entitle the holder to purchase
one additional common share of the Company for a period of one year at a price
of $0.18 per share.


The Company will pay a finder's fee of up to 7.5% in cash or warrants. The
financing will be subject to TSX Venture Exchange acceptance.


The financing will be used to continue exploration and drilling on its Pecors
Anomaly -Serpent River property near Elliot Lake, Ontario and other mineral
properties as required. 


About International Montoro Resources Inc.

Montoro is focused on advancing its 100% owned Serpent River - Elliot Lake,
Northern Ontario, Uranium/REE project & Pecors magnetic anomaly - potential
Ni-Cu-PGE. The property comprises 10 mineral claims (115 units) approx. 1,840
ha.


Montoro has also 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. 


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. 


ON BEHALF OF THE BOARD OF DIRECTORS

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
International Montoro Resources Inc.
604-683-6648
604-683-1350 (FAX)
www.MontoroResources.com

International Montoro Re... (TSXV:IMT)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more International Montoro Re... Charts.
International Montoro Re... (TSXV:IMT)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more International Montoro Re... Charts.