INTERNATIONAL MONTORO RESOURCES INC. - TSX: IMT
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| #600 - 625 Howe Street, Vancouver,
B.C. V6C 2T6 |
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NEWS RELEASE
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| April 16, 2002 |
Montoro Signs Property Option Agreement on Bathurst, N.B. - Cobalt
Prospect
Further to our News Release of April 1, 2002 Montoro Resources Inc.
(the "Company") is pleased to announce the signing of
a final Property Option Agreement with Log House Construction Ltd.
(Rufus Smith) of News Brunswick to acquire a 50% interest in the
Malachite Property, Bathurst, N.B. Mining Camp. The property option
terms are as per the Letter of Intent previously disclosed. In addition
the Company contracted Smith to stake an additional 23 units surrounding
the original block of 14 claims units. The property covers approx.
686 hectares. A finder's fee in cash and shares is also payable
to Richard H. Lonsdale subject to CDNX approval.
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| ON BEHALF OF THE BOARD |
| Gary Musil, President/Director |
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. |
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