INTERNATIONAL MONTORO RESOURCES INC. - TSX: IMT

#600 - 625 Howe Street, Vancouver, B.C. V6C 2T6
 

NEWS RELEASE

September 4, 2002

UPDATE ON BATHURST, N.B. - COBALT PROSPECT

Montoro Resources Inc. (the "Company") reports on the progress at the Malachite cobalt prospect.

Gary Musil, President visited the property on August 13 - 16th. Approximately 15 km of line cutting (picket line grid) has been completed as well as a 25 metre spaced B-Horizon soil sampling program. Soil samples were delivered to XRAL Laboratories in Don Mills, Ontario. Assay results are expected this week.

In addition, a magnetic and VLF geophysical survey was completed on the entire property. Preliminary results indicated additional anomalous areas for trenching and sampling. Interpretation of the geophysical survey and soil sampling survey will be completed this week. Anomalous areas will be trenched and sampled.

GENERAL - Why We Need Cobalt?

By far the largest use of cobalt is in superalloys. The alloys are predominately nickel based but they also can be cobalt or iron based. Cobalt is added to nickel alloys to improve high temperature properties. The main uses are in the aerospace industry but in recent years they are being used in land based and marine turbines. The second most important use of metallic cobalt today is as a binder for carbide components. Cobalt has the necessary properties of a good binder for carbides, viz:

1) It has a high melting point;
2) It has high temperature strength;
3) It forms a hard but tough binder on cooling;
4) It can be ground to a very fine mix with the hard particles it has to bind.

Other materials have been, and are being tried, but none is as suitable as cobalt.

Watch for further details on cobalt uses and its future in upcoming News Releases.

ON BEHALF OF THE BOARD
Gary Musil, President/Director

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