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News: International Montoro Resources Receives Regulatory Approval for Rare Earth Claims

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Page 1: News: International Montoro Resources Receives Regulatory Approval for Rare Earth Claims

#600-625 Howe Street TSX.V: IMT

Vancouver, B.C. V6C 2T6 FRANKFURT : O4T

Ph. (604) 683-6648 OTC: IMTFF.PK

Fax: (604) 683-1350

MONTORO RECEIVES EXCHANGE APPROVAL ON TACHEEDA LAKE RARE

EARTH PROSPECT ACQUISITIONS

October 25, 2011, Vancouver, BC, Canada - International Montoro Resources Inc. (“Montoro”) (TSX-V:

IMT) has received TSX Venture Exchange acceptance of the acquisition of a 100% interest in an additional 11

claims – 4,278.52 hectares (the “Rocky” group) adjoining and surrounding its Tacheeda Lake claims in „The

Rocky Mountain Rare Metal Belt‟ of northern British Columbia, and contiguous to claims held by Spectrum

Mining Corp. This acquisition more than doubles its holdings in the area to over 7,580 hectares (18,730 acres)

and contains a 93.41 hectare (231 acre) claim called “Quite the Little Pit” that previously produced limestone.

The southwest portion of Montoro‟s newly acquired Rocky group was historically explored by Teck

Corporation to cover a sedimentary exhalative target based on results of a regional program carried out in the

area. The 1992 regional program outlined Zn and Pb soil anomalies. A 1993 program was subsequently carried

out to further define the 1992 program, confirm the anomalies by geophysics and geologically map the property.

The soil survey outlined a 1.6 km long northwest trending multi-element Pb, Zn, Ag and Ba anomaly open in

both directions. Values ranged up to 94 ppm Pb, 2498 ppm Zn, 11.1 ppm Ag and 2400 ppm Ba, significantly

anomalous in this till covered environment.

IMT has issued a total 400,000 units (each unit comprised of one common share of IMT and one share purchase

warrant entitling the holder to purchase one additional common share of IMT for a period of two years from

issuance at a price of $0.10 per share in year one, and $0.15 per share in year two. The shares and warrants are

subject to a hold period from trading until February 19, 2012.

Other

The Company and j.v. partner Belmont Resources Inc. (TSX.V: BEA) (the “Companies”) have received notice

from Rare Earth Metals Inc. (“RA”) that RA will not be proceeding further with its option on the Partridge

River, Labrador claim. The property is located in the Letitia Lake/Red Wine complex located approximately

110 km northeast of Churchill Falls in west-central Labrador, surrounded by RA properties. Upon receipt of the

sampling and exploration report from RA, the Companies will decide future programs for its property. RA has

discovered numerous REE zones in the Red Wine Complex that are reported to host a number of REE deposits

with variable rare metal distributions.

Page 2: News: International Montoro Resources Receives Regulatory Approval for Rare Earth Claims

About International Montoro Resources Inc.

Rocky Mountain Rare Metal Belt:

Montoro recently acquired an additional 11 claims -4,278.52 hectares (the “Rocky” group) adjoining and

surrounding its Tacheeda Lake claims. Montoro owns a 100% interest in 12 mineral claims prospective for

Rare Earth Elements, in 2 separate claim blocks covering 11,500 acres (4,654 ha), in the new Tacheeda Lake

camp and Carbo area. Montoro also holds a 100% interest in 5,604 acres (2,268 ha , 5 claims – the Chuchinka

property) contiguous to and adjoining the Wicheeda, a recently reported Rare Earth Element discovery,

northeast of Prince George, B.C.

Elliot Lake, Ontario:

Montoro is also focused on advancing its 100% owned Elliot Lake uranium/REE project in northern Ontario.

The Company is also further investigating a very positive interpretation of a large airborne anomaly, near

Pecors Lake in the northwest corner of our Serpent River property. The dimensions of the entire inversion

block are estimated at 7.8 km EW x 3.45 km NS and 2.025 km from surface.

Saskatchewan & Labrador:

Montoro will continue the development with Belmont Resources Inc. (50/50) of its Crackingstone – 2,427 acres

(982 ha) and Orbit –27,450 acres (11,109 ha) uranium properties in the Uranium City District – Northern

Saskatchewan. The Company also holds two claim blocks (50/50 with Belmont) in the Central Mineral Belt in

Labrador, one of which is located in the historical Letitia Lake-Red Wine rare earth metals camp of west-central

Labrador.

For further information contact Ethos Consulting Ltd. (Investor Relations) at 1-888-818-1365 or phone the

Company at 604-683-6648. Also visit the Company website at www.MontoroResources.com and watch the

Smartstox interview with President Gary Musil (www.smartstox.com/interviews/imt).

ON BEHALF OF THE BOARD OF DIRECTORS,

“Gary Musil”

Gary Musil, President

CEO/Director

Neither the 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. 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.