International Montoro Closes Flow-Through Private Placement Financing for Total of $118,525 and Continued Exploration on Its Pecors NI-CU-PGE Discovery

Posted: December 22, 2017

December 22, 2017 - International Montoro Resources Inc. (TSX-V: IMT) (the "Company") announces it has closed its flow-through financing and will now issue 2,155,000 units (the “Units”) at a price of $0.055 per Unit.  Each Unit will consist of one flow-through common share of the Company and one transferable non flow-through share purchase warrant (a “Warrant”).  Each whole warrant will permit the holder to acquire one additional share of the Company at a price of $0.10 for a period of two (2) years from closing.   The securities will be issued having a hold period expiring April 21, 2018.

In addition to relying upon other available prospectus exemptions to effect the private placement, a portion of the private placement is being completed in accordance with the exemption set out in BC Instrument 45-536 (Exemption from prospectus requirement for certain distributions through an investment dealer), (the “Investment Dealer Exemption”).  The Company also confirms there is no material fact or material change related to the Company which has not been generally disclosed.

The Company has agreed to pay a finder’s fee to Haywood Securities Inc. of 8% cash or $2,420 plus the issuance of 44,000 warrants and fee to PI Financial Corp. of 8% cash or $2,376 plus 43,200 warrants.

The Company intends to use the net proceeds from the private placement for continued exploration on the Serpent River property in particular the Pecors Ni-Cu-PGE discovery.  The Company is preparing to complete a helicopter-borne ZTEM geophysical survey of approximately 280 line km at 200m line spacing increasing further information to depth over 2000 metres, which will assist in better targeting the next phase of diamond drilling.

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 located Uranium/REE mineralization from previous drilling in the general area where Rio Algom discovered uranium. The property comprises 10 mineral claims (115 units), or approximately 1,840 ha

In addition the Company owns jointly 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.




Gary Musil,

President/CEO and Director


Disclaimer for Forward-Looking Information:

Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future.  Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements.  No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.

Neither 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.

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