#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 TO ADVANCE ITS CLAIM WITH THE B.C. GOVERNMENT

October 21, 2011, Vancouver, BC, Canada - International Montoro Resources Inc. (“Montoro”) (TSX-V:

IMT). Boss Power Corp. has announced the material terms of a settlement with the Province of British

Columbia in the amount of $30 million plus costs and disbursements in return for the surrender or transfer of

the Blizzard mineral claims to the province. Montoro is now advancing its claim against the government for

the expropriation of its Cup Lake/Donen uranium claims immediately adjacent to Boss Power’s Blizzard

uranium property.

In July, 2009, Montoro filed a Statement of Claim in the Supreme Court of British Columbia seeking

compensation for the “expropriation” of the Cup Lake/Donen property. Montoro has incurred and paid in

excess of $1.93 million in mineral property acquisition costs and expenditures to date on the Cup

Lake/Donen project.

The Cup Lake/Donen uranium deposit occurs within a northwest trending paleochannel adjacent to the Blizzard

uranium deposit. The Blizzard deposit was reported to host a historical indicated resource of 1.9 mil tonnes

grading 0.247% U3O8 (approx. 10.4 mil lbs.) Montoro’s Cup Lake/Donen deposit was estimated to contain a

historical resource of 2.25 million tons grading 0.0373% U3O8 (approx. 1.68 mil lbs.- as reported in B.C.

Government-Minfiles & Assessment Report #8105). The historical resource cited above predates and therefore

does not conform to the more stringent reporting requirements of National Instrument 43-101. A work and

evaluation program for further testing of the uranium mineralization was planned prior to the Province of B.C.

ban.

Montoro remains committed to the exploration for uranium as an alternative energy source to promote the

reduction of greenhouse gases. Montoro has been advancing its uranium projects in two other uranium

friendly Provinces of Saskatchewan and Ontario. Montoro is also exploring the future of rare earth elements

in British Columbia and Ontario.

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.

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.