Montoro Updates Finder’s Fee Agreement

Posted: January 26, 2018

JANUARY 26, 2018 - International Montoro Resources Inc. (TSX-V: IMT) (the "Company").  Further to our news release of January 25, 2018 the Company is providing additional information relating to the Finder’s Fee payable.

The Company will pay a finder’s fee of 10% in cash to 360 Aviation Services Inc. of Vancouver, B.C. in connections with the Duhamel, Quebec property acquisition agreement. They would be paid in stages as follows:  $1,000 upon signing; $5,000 upon Exchange acceptance of the agreement; and a further $5,000 in 12 and 24 months; if the Company proceeds with 100% acquisition of the Duhamel property.  All fees are subject to TSX Venture Exchange approval.

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.

 

ON BEHALF OF THE BOARD

“Gary Musil”

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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