Mr. Gary Musil reports

MONTORO OVER SUBSCRIBES FLOW-THROUGH PRIVATE PLACEMENT FINANCING FOR TOTAL OF $118,525 AND ADDITIONAL NON-FLOW THROUGH FINANCING FOR WORKING CAPITAL & CONTINUED EXPLORATION ON ITS PECORS NI-CU-PGE DISCOVERY

Further to the news release of Nov. 14, 2017, whereby International Montoro Resources Inc. announced the repricing of its flow-through financing from seven cents per unit to 5.5 cents per unit, and the raising of gross proceeds of up to $77,000 by way of a non-brokered private placement of up to 1.4 million units, the company had additional subscriptions.

Financing (i)

The company has oversubscribed this flow-through financing and is now expecting to raise gross proceeds of up to $118,525 by way of a non-brokered private placement of up to 2,155,000 units at a price of 5.5 cents per unit. Each unit will consist of one flow-through common share of the company and one transferable non-flow-through share purchase warrant. Each whole warrant will permit the holder to acquire one additional share of the company at a price of 10 cents for a period of two years from closing.

In addition to relying upon other available prospectus exemptions to effect the private placement, a portion of the private placement is being completed in accordance with the exemption set out in B.C. Instrument 45-536 (exemption from prospectus requirement for certain distributions through an investment dealer). The company also confirms there is no material fact or material change related to the company which has not been generally disclosed.

The company may pay commissions of 8 per cent to eligible parties in connection with this financing, payable either in cash and/or in warrants. The common shares and warrants are subject to a statutory hold period, and the financing is subject to exchange acceptance.

The company intends to use the net proceeds from the private placement for continued exploration on the Serpent River property in particular the Pecors nickel-copper-platinum-group-element discovery. The company is preparing to complete a helicopter-borne ZTEM (Z-axis Tipper electromagnetic) geophysical survey of approximately 280 line kilometres at 200-metre line spacing increasing further information to depth over 2000 metres, which will assist in better targeting the next phase of diamond drilling.

Financing (ii)

The company is continuing to receive subscriptions and therefore is proceeding to raise in a new financing $175,000 by way of a non-brokered private placement of up to 3.5 million units at a price of five cents per unit. Each unit consists of one common share of the company and one transferable share purchase warrant, on similar warrant terms as financing (i) above.

The working capital use of proceeds comprises the following (maximum/minimum for the next six months of estimated operating expenditures):

Consulting fees:  $6,000/$3,000

Legal and audit:  $10,000/$6,000

Rent, office and miscellaneous:  $18,000/$15,000

Regulatory fees:  $15,000/$7,500

Salaries and administration:  $30,000/$15,000

Transfer agent fees:  $6,000/$4,000

Travel and promotion:  $7,000/$3,500

Additional funds will be allocated to payment of current liabilities (approximately $50,000), unallocated $33,000.

About International Montoro Resources Inc.

Montoro is focused on advancing its 100-per-cent-owned Serpent River-Elliot Lake, Northern Ontario, Pecors magnetic anomaly -- a potential Ni-Cu-PGE discovery. The southwestern portion of the property has located uranium/REE (rare earth element) mineralization from previous drilling in the general area where Rio Algom discovered uranium. The property comprises 10 mineral claims (115 units), or approximately 1,840 hectares.

In addition, the company owns jointly with Belmont Resources Inc. (50/50) its Crackingstone (982 hectares, 2,427 acres) and Orbit (11,109 hectares, 27,450 acres) uranium properties in the Uranium city district, Northern Saskatchewan, and is seeking a joint venture partner to continue development of this advanced property.

We seek Safe Harbor.