VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 26, 2007) - International Montoro Resources Inc. ("IMT") (TSX VENTURE:IMT)(FRANKFURT:O4T) and Belmont Resources Inc. ("BEA") (TSX VENTURE:BEA)(FRANKFURT:L3L) are pleased to announce they have received a preliminary report outlining development recommendations for its Orbit Uranium Project located 10 km west of Uranium City, Saskatchewan. This property consists of three claims totaling 11,000 ha, which lie adjacent to the Crackingstone Uranium Project currently being developed by the Companies. These claims were staked after completion of the NI 43-101 report for the Companies Crackingstone Uranium Project, and were subject to a combined airborne and magnetic survey completed by the Geological Survey of Canada (GSC) and Saskatchewan Energy and Mines (SGS). A total of 12 uranium showings are documented on this property from previous exploratory work completed from 1948 to 1959, with uranium values ranging from 0.1% to 3.43%. A full description of previous exploration will be available on the company web site in the coming weeks.
The property contains several radiometric anomaly trends that have received no previous exploration for uranium. The property warrants an airborne radiometric, magnetic and electromagnetic survey with closer line spacing than the GSC-SGS survey. The radiometric anomalies will be systematically prospected to confirm the cause of the previously tested and untested radiometric anomalies. Additional information regarding the initiation of this exploration program will be released when commencing.
The property consisting of three claims numbered S-110098, S-110099 and S-110100 totaling about 11,000 ha, is located approximately 10 km west of Uranium City. The property is accessible by a gravel-based road and an old tote road starting from the Crackingstone property (claim # S-108022) and extending northwest and north through claims numbered S-110098 and S-110100. The south boundary of claim S-110098 is located along the north shore of Lake Athabasca. This part of the property can be accessed by boat from Bushell landing located at Bushell Inlet, 10 km SW of Uranium City. A hydro power line crosses diagonally northwest through claim # S-110098 and claim # S-108022 of the Crackingstone property.
Since the completion of this staking the Companies have seen an increase of exploration activity in the northwest area of the Athabasca Basin with announcements by JNR ("JNN") completing an airborne electromagnetic and magnetic geophysical survey on their 10,655 ha. Crackingstone project, and similar programs by CanAlaska Uranium Ltd. ("CVV") adjacent to the south boundary of Orbit and Cameco Corp. ("CCO"), the world's largest uranium producer, holding a block of claims immediately to the west of the Orbit claim block.
The historical results reported in this press release are considered relevant but do not comply with NI 43-101 standards and should not be relied upon as the Company has not yet completed exploration work to verify the data.
This news release was reviewed and approved for technical disclosure by Raymond A. Bernatchez, P.Eng., Consulting Geologist of Atikokan, Ontario, an independent qualified person.
ON BEHALF OF THE BOARD,
Gary Musil, CFO/Director
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. and
Belmont Resources Inc.
Gary Musil, CFO/Director
(604) 683-1350 (FAX)