Mr. Gary Musil reports

MONTORO UPDATES PECORS DRILLING AND DOWN-HOLE PROBING SURVEY

International Montoro Resources Inc.'s drilling of the Pecors drill hole No. 1 at the large magnetic/gravity anomaly stopped at 1,005 metres. Twenty-two m of core samples in total have been cut and delivered to Agat Laboratories' preparation facility in Sudbury for preparation before being forwarded to Mississauga, Ont., for assaying. Agat is an accredited laboratory to ISO/IEC 17025 standards and is certified to ISO 90001 standards. Results will be released once they are received and compiled.

Heli Explore Inc. returned after the break with a larger-model helicopter to facilitate easier mobilization of Orbit Garant's drill to Pecors drill hole No. 2. As well, Orbit Garant had preconstructed an enhanced drill base at Elliot Lake airport to move onto PDH-2 and to provide a secure foundation for the drill to reach the anticipated depth of over 1,000 m.

Upon completion of the drilling demobilization from PDH-1, Lamontagne Geophysics immediately moved men and materials to set up its BH UTEM 4 downhole probe and fibre optic logging system on the site. UTEM probes used in diamond drill holes may detect the presence of conductive sulphide mineralization within 300 metres of the probe. This means that a drill hole that is only a few centimetres across can be used to search a volume of rock with a diameter of 600 metres. This technology has been instrumental in advancing mining projects (that is, Totten/Vale, Victoria/KGMH) and is used underground in active mining. The BH UTEM survey has been completed, and results will be reported as soon as compiled and received.

Petrographic analysis

Montoro has delivered eight core samples to Ronacher McKenzie Geoscience in Sudbury, Ont. Montoro has commissioned a petrographic analysis to better understand the mineralogy and petrology of the gabbro and its contained sulphide mineralization.

Pecors drill hole No. 2

Drilling on PDH-2, collared approximately 650 m to the northwest of PDH-1, commenced on April 22, 2015. As of 7 p.m. on April 27, 2015, drilling reached 492 m.

Qualified person

The above information has been reviewed and approved by Don Hawke, MSc, PGeo, consulting geologist for Montoro and a qualified person as defined by National Instrument 43-101 regulations.

Third and final tranche of private placement closed

The company has issued 1,665,000 units for gross proceeds of $116,550. Each unit consists of one common share at a price of seven cents and one two-year transferable share purchase warrant. Each whole warrant will entitle the holder to acquire one common share at an exercise price of 10 cents for a period of 12 months to April 21, 2016, and at 14 cents at any time after April 21, 2016, but on or before April 21, 2017. The common shares and warrants are subject to a hold period expiring Aug. 22, 2015. Finder's fees of $2,362.50 were paid as a result of this transaction. The company completed a total of 8,142,000 units (25 placees) for total gross proceeds of $569,940 in three tranches and wishes to thank all those previous and new investors for participating.

We seek Safe Harbor.