Mr. Gary Musil reports

MONTORO CLOSES $195,000 FINANCING TO CONTINUE EXPLORATION OF ITS PECORS NI-CU-PGE DISCOVER & WORKING CAPITAL

International Montoro Resources Inc. has closed its non-flow-through financing and will now issue 3.9 million units at a price of five cents per unit. Each unit will consist of one common share of the company and one transferable 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. The securities will be issued having a hold period expiring May 6, 2018.

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 British Columbia 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 has agreed to pay a finder's fee to Haywood Securities Inc. of 8-per-cent cash or $1,600, and the issuance of 32,000 warrants and fees to PI Financial Corp. of 8-per-cent cash or $4,000 plus 80,000 warrants.

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-of-elements discovery, reducing current liabilities and working capital. Further details of the use of proceeds were detailed in the company's Dec. 20, 2017, news release, and the additional $25,000 oversubscription has been added to unallocated working capital.

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.

We seek Safe Harbor.