Int. Montoro Arranges Demand Loan

Posted: December 05, 2016

Vancouver, B.C. December 5, 2016 – International Montoro Resources Inc. (TSX.V: IMT), (the “Company”) has arranged a demand loan for $15,000 from a non-related party.

The proceeds of the loan are to be used for audit fees, regulatory,  and SEDAR filing fees that require payment in order to complete its August 31, 2016 audited financial statements.

The loan bears interest at 1.5% per month.  In consideration for the loan, the Company has also agreed to issue 100,000 bonus common shares, at a deemed  price of $0.03 per share.  The loan and issuance of bonus shares are subject to regulatory approval, and the share issuable pursuant to the agreement will be subject to a four month +1 day hold period from the date issued.

About International Montoro Resources Inc.

Montoro is focused on advancing its 100%-owned Serpent River - Elliot Lake, Northern Ontario, Pecors magnetic anomaly - a potential Ni-Cu-PGE discovery.  The southwestern portion of the property has also located Uranium/REE mineralization from drilling in the general area where Rio Algom previously discovered uranium.   The property comprises 10 mineral claims (115 units), approx. 1,840 ha.

Montoro holds a 100% interest in 2,268 ha (5 claims, 5,604 acres, 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 owns with Belmont Resources Inc. (50/50) its Crackingstone (982 ha, 2,427 acres) and Orbit (11,109 ha, 27,450 acres) Uranium properties in the Uranium City District, Northern Saskatchewan, and is seeking a joint venture partner to continue development of this advanced property.

 

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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