Mar. 15, 2011 (Marketwire Canada) --
VANCOUVER, BRITISH COLUMBIA -- International Montoro Resources Inc. ("Montoro") (TSX VENTURE:IMT)(PINK SHEETS:IMTFF)(FRANKFURT:O4T) is pleased to announce that it has retained Ethos Consulting Ltd. ("Ethos") as a consultant to provide strategic marketing and corporate communications insight. Under the terms of the agreement, Montoro Resources will pay Ethos C$7,500 per month, after 3 months, for a six-month initial term and grant 600,000 stock options at an exercise price of C$0.10 per share. Ethos will assist Montoro in opening productive and continuing dialogue with private investors, analysts, brokers, money managers and other financial professionals.
Gary Musil, President, Chief Executive Officer of Montoro stated, "We are pleased to have Ethos as our partner in an Investor Relations capacity. The Ethos team has a wealth of experience and contacts from within our sector. We look forward to their involvement with Montoro at this important stage in our corporate growth and an active upcoming 2011 work/drill season."
Based in Vancouver, British Columbia, Ethos Consulting Ltd. and its principals have assisted numerous North American small-cap corporations in gaining coverage and recognition within the global investment community. As at March 15th, 2011, Ethos Consulting Ltd. and its principals, directly and indirectly, own a total of approximately 1,000,000 common shares and 1,000,000 common share purchase warrants of Montoro.
The agreement with Ethos Consulting Ltd. is subject to TSX Venture Exchange approval.
About International Montoro Resources Inc.
Montoro recently acquired 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. Montoro holds a 100% interest in 5604 acres (2,268 ha, 5 claims – the Chuchinka property) contiguous to and adjoining a recently reported Rare Earth discovery, northeast of Prince George, B.C. Montoro is also focused on advancing its 100% optioned Elliot Lake uranium/REE project in northern Ontario. In addition the Company will continue the development with Belmont Resources Inc. (50/50) of its Crackingstone (2427 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. The Companies have recently optioned one claim block to Rare Earth Metals Inc. (TSX VENTURE:RA) in the historical Letitia Lake-Red Wine rare earth metals camp of west-central Labrador. For further information contact Ethos Consulting Ltd. Toll Free at 1-888-818-1365 or Montoro corporate offices at 604-683-6648. View the SmartStox interview with President Gary Musil at: www.smartstox.com/interviews/imt
ON BEHALF OF THE BOARD OF DIRECTORS,
Gary Musil, President, CEO/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.
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.
International Montoro Resources Inc.
(604) 683-6648 or Toll Free IR: 1-888-818-1365
(604) 683-1350 (FAX)