MONTORO-BELMONT IDENTIFY NINE URANIUM ANOMALIES FROM GEOPHYSICAL INTERPRETATION OF LABRADOR PROPERTIES

International Montoro Resources Inc. (“IMT”) and Belmont Resources Inc. (“BEA”) are pleased to announce they have received an interpretation of a 444.5 line-km helicopter-borne magnetic and radiometric geophysical survey completed on its two Central Mineral Belt, Uranium District, Labrador properties. The Montoro/Belmont Labrador properties consist of the Stormy Lake and Partridge River claims. A total of nine (9) anomalies have been identified within these project areas, with priorities assigned based on this survey. The companies intend to complete this work in order to further define potential drill targets. Detailed maps outlining this survey will be available on each company’s web site in the coming weeks.

The companies contracted Intrepid Geophysics Ltd. of North Vancouver, B.C. and Encom Technology Pty Ltd. of Australia to complete the interpretation. ASTER satellite imagery was purchased as an additional regional dataset for structural mapping over the properties, and has proved an invaluable exploration tool in identifying and mapping subtle structural lineaments that are beyond the resolution of the regional magnetic datasets. A summary of this report is as follows:

Stormy Lake Uranium Project – 26.5 sq. km.

A number of dominant structural trends are identifiable in the Reduction to Pole (“RTP”) magnetic data. A northeast-southwest trending deep-seated structural fabric regionally dominates the area, and several other orientations of cross-cutting interpreted later structures are observed in the magnetic and ASTER imagery.

Five radiometric target anomalies (A –E) are apparent throughout the property. The most promising target (A) is located in the southwest corner of the claim area. It is described as: “Discrete uranium radiometric anomalies possibly associated with interpreted north-south trending unconformity. The northern-most target (A) defines a discrete set of three uranium anomalies in close proximity to the unconformity, which trend away from the unconformity along a possible intersecting structure trending west-northwest. All anomalies with a potential unconformity relationship are a high priority for further field validation and sampling.”

Target “D” is described as: “Groups of discrete radiometric anomalies highlighted in both the uranium/total count and the thorium ratio. These anomalies are located within the Seal Lake Group and are evident across both ratio datasets, and are therefore a high priority.”

The report recommends “Detailed field reconnaissance, geochemical sampling and traverses to further test and evaluate the Target areas”.

Partridge River Uranium Project – 5.75 sq. km

Four radiometric target anomalies (A-D) are apparent throughout the property. The most promising target (A) is located in the east central portion of the claim area. It is described as: “Discrete radiometric anomaly between two northeast trending structures. This discrete anomaly is highlighted in the uranium channel, uranium/total count ratio and uranium/thorium ratio, and is therefore deemed a high priority target requiring field checking.”

Overall Recommendations from this survey can be summarized as follows:

• Undertake appropriate stream, soil, rock chip sampling of target areas to test for mineralization.
• Complete more detailed field mapping of the regional target areas, with subsequent refinement of the structural interpretation.

This news release was reviewed and approved for technical disclosure by Christopher Campbell, P. Geo., President, Geophysicist of Intrepid Geophysics Ltd. of North Vancouver, B.C., an independent qualified person under NI 43-101.

The Companies are encouraged about the potential of these claims and are closely monitoring the nearby exploration programs of Crosshair Exploration & Mining (“CXX”), Bayswater Uranium Corporation (“BAY”), and Universal Uranium Ltd. (“UUL”). The 2007 summer exploration program will be announced once planning is completed.