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Montoro Terminates Option Agreement With Electric Metals Inc. on Chuchinka, B.C. Property
Published : December 07, 2012
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Keywords :   Rare Earth | Uranium |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 7, 2012) - International Montoro Resources Inc. ("Montoro") (News - Market indicators)(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 The Agreement is no longer in force.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.

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, 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.
Gary Musil
President, CEO/Director
(604) 683-6648
(604) 683-1350 (FAX)
www.MontoroResources.com
Companies Mentionned : Metals X | Uranium City |
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International Montoro Resources Inc

DEVELOPMENT STAGE
CODE : IMT.V
ISIN : CA46004W1086
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Corporate news of International Montoro Resources Inc
12/7/2012Terminates Option Agreement With Electric Metals Inc. on Chu...
7/13/2011.: Interpretation of Airborne Data Confirms Substantial Magn...
6/24/2011.: Work Program Commences at "Chuchinka" Rare Earth Prospect
6/2/2011Locates Rio Algom 1959 Drill Holes on Elliot Lake, Ontario P...
3/15/2011Retains Ethos Consulting for Investor Relations
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TSX-V (IMT.V)
0.070+7.69%
TSX-V
CA$ 0.070
12/22 15:36 0.010
7.69%
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0.070 0.065
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0.060 0.070
Year l/h YTD var.
0.040 -  0.110 40.00%
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14,500 -12.50%
24hGold TrendPower© : -25
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