Int. Montoro Completes Loan/Bonus Shares Agreement

Posted: December 16, 2016

Vancouver, B.C. December 16, 2016 – International Montoro Resources Inc. (TSX.V: IMT), (the “Company”).

Further to the Company news release of December 13, 2016 and the TSX Venture Exchange bulletin dated December 14, 2016; the Company has completed the Loan/Bonus Shares Agreement.

The $15,000 Loan Agreement has been accepted for filing and the Company has issued 60,000 bonus common shares, at a deemed price of $0.05 per share.  The shares are restricted from trading until April 15, 2017.

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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