VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 20, 2006) - International Montoro Resources Inc. ("IMT") (TSX VENTURE:IMT) and Belmont Resources Inc. ("BEA") (TSX VENTURE:BEA) are pleased to announce that they have signed an agreement to acquire 100% interest in four claim blocks (126 units approx. 4000 ha) in the CENTRAL MINERAL BELT URANIUM DISTRICT, LABRADOR.
The first claim block - location Post Hill (36 units) is located in an area surrounded by a large land package being extensively explored by Aurora Energy Inc. (Altius Mineral Corporation - "ALS" and Fronteer Development Group Inc. - "FRG"). The Altius/Fronteer land package is in one of the most prolific uranium districts in Canada. Over the past two years, Fronteer and Altius have identified widespread surface uranium mineralization associated with undrilled radiometric anomalies that are up to 4.0 square kilometres in size ("ALS" - June 20/05). Universal Uranium Ltd. ("UUL") and Silver Spruce Resources J.V. are also conducting extensive exploration programs near the Post Hill claims.
The second and third claim groups in West Central Labrador- location MacLean Lake (28 units) and Smallwood Reservoir (41 units) are situated south and adjacent to BHP Billiton and Gallery Resources Ltd. exploration camps. The main Trans Labrador Hwy. which runs from Churchill Falls to the mining centre of Shefferville, Quebec crosses through the lower portion of these claims, allowing good access to these properties.
The fourth claim block also in West Central Labrador -location Way Bay (21 units) is also strategically located south and adjacent to the large claim block (Gabbro Lake) being developed by Consolidated Abaddon Resources Inc. ("ABN") and again near additional ground held by BHP and Gallery. BHP Billiton and Gallery are completing a detailed evaluation (nickel-copper) of recently completed ground truthing of the airborne electromagnetic conductors encountered on the Gabbro Lake Project. Consolidated Abaddon is completing a comprehensive report on the exploration results regarding the potential of U308 sources on the property.
The Companies will be commissioning NI 43-101 reports as soon as possible to allow the planning of a 2006 exploration and due diligence program in one of the most prospective and important uranium districts in Canada.
Terms of the Montoro/Belmont Option Agreement, subject to regulatory approvals, are $60,000 cash over two years and 200,000 treasury common shares ($30,000 and 100,000 shares each from Montoro and Belmont). The property is also subject to a 2% NSR with a one percent (1%) buy-out for $500,000.
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 of 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.
Belmont Resources Inc.
Gary Musil, CFO/Director
(604) 683-6648
(604) 683-1350 (FAX)
www.montororesources.com
www.belmontresources.com
