|By Marketwired .||
|December 7, 2012 09:00 AM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/07/12 -- International Montoro Resources Inc. ("Montoro") (TSX VENTURE:IMT)(PINKSHEETS:IMTFF)(FRANKFURT:O4T) has given Notice of Termination to Electric Metals Inc. (TSX VENTURE:EMI) pursuant to the terms of the Mineral Option Agreement (the "Agreement") on the Chuchinka Property dated June 9, 2010.
Several terms of the Agreement had not been fulfilled on July 12/12 and following Notice of Default provided on October 29/12, EMI has failed to comply with those provisions. The Agreement is no longer in force.
International Montoro Resources Inc. therefore maintains its 100 per cent ownership in the Chuchinka Property.
About International Montoro Resources Inc.
Montoro recently acquired a 100% interest in 23 mineral claims prospective for Rare Earth Elements, in 2 separate claim blocks covering 18,743 acres (7,585 ha) in the new Tacheeda Lake camp; and 3,330 acres (1,348 ha) 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 previously 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 - 2,.427 acres (982 ha) and Orbit -27,450 acres (11,109 ha) uranium properties in the Uranium City District - Northern Saskatchewan.
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) 683-1350 (FAX)