VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 17, 2006) - International Montoro Resources Inc. ("IMT") and Belmont Resources Inc. ("BEA") have signed an agreement to acquire 100% interest in one claim block in northern Saskatchewan near Uranium City.
This claim comprises approx. 750 hectares in the Northern Mining District, Crackingstone River area, adjacent to JNR Resources Inc. ("JNN") Crackingstone Project. Historic work in the area dates back to the 1950's. From 1953 to 1982, sixteen deposits were brought into production in the Uranium City area, with total output in the order of 25,000 tons of uranium.
Terms of the Montoro/Belmont Option Agreement, subject to regulatory approvals, are $30,000 cash over two years and 100,000 treasury common shares ($15,000 and 50,000 shares each from Montoro and Belmont). The property is also subject to a 2% NSR.
The companies are commissioning a NI 43-101 report as soon as possible to allow the companies' geological consultant to prospect and sample the numerous outcroppings, which occur on the property. Detailed merits of this prospect and a planned 2006 exploration program will be released as soon as available.
ON BEHALF OF THE BOARD OF DIRECTORS,
Gary Musil, CFO/Director
For further information visit the Companies websites at www.belmontresources.com and www.montororesources.com. The statements used in this Press Release may contain forward-looking statements that may involve a number if risks and uncertainties. Actual events or results could differ materially from the Companies forward-looking statements and expectations.
FOR FURTHER INFORMATION PLEASE CONTACT:
International Montoro Resources Inc.
(604) 683-1350 (FAX)