Montoro-Belmont J.V. Completes Drilling Program at Red Lake Property

International Montoro Resources Inc. (“IMT”) and Belmont Resources Inc. (BEA”) (Montoro-Belmont JV) have completed a 930 metre, 6-hole diamond drilling program on their 30 unit property located in Bateman and Shaver Twp. within the Red Lake Gold Belt.

The objective of the program was to drill test a number of structures interpreted by Excalibur International Consultants Ltd. from a 2004 combined VLF and magnetic survey.

The drilling program was successful in intersecting zones of sulphide mineralization and quartz veining contained within altered mafic volcanic and intermediate to felsic intrusive rocks. The quartz veining was mineralized with pyrite, pyrrhotite and magnetite. Bedded sulphide (pyrrhotite chalcopyrite and pyrite) mineralization was encountered in the altered mafic volcanic rocks. A wide zone of weakly disseminated sulphide and magnetite mineralization was intersected in holes BSL-6.

Sampling, assaying and quality control core is split using diamond saws, with one-half sent to Accurassay Laboratories in Thunder Bay for preparation and analysis, the other half has been moved from the site and stored at the Ministry of Northern Ontario Mine’s (“MNDM”) core library in Red Lake. The results of these assays are pending.

Mr. Raymond A. Bernatchez, P.Eng. is the Companies qualified person as defined by National Instrument 43-101 on the Shaver Twp. – Red Lake project. The drilling program, logging, and sampling was conducted under Mr. Bernatchez’s supervision. All results reported herein were reviewed and verified by Mr. Bernatchez.