Mr. Gary Musil reports

MONTORO EXPANDS PECORS (NICKEL, COPPER, PGEA S & GOLD) SURVEY DATA & 3D VIDEO, ELLIOT LAKE - ONTARIO

International Montoro Resources Inc. has provided the following.

• Pecors anomaly overall dimensions are now 5.7 kilometres by 4.2 km by 2.2 km, double previous estimates.
• Further compilation of the Geotech ZTEM survey data defines two high probability massive sulphide targets (conductive and magnetic).

Pecors anomaly compilation expands the area of interest

Further to the company's news release of Sept. 10, 2019, Mira Geosciences has completed the compilation of exploration data on the Pecors-Serpent River nickel, copper, gold, platinum/palladium project into its Geoscience Analyst (3-D) visualization and exploration platform.

In the company's March 12, 2019 news release of the 3-D Geotech inversion data the company got the top-down view of the Pecors (EM) anomaly. In September, 2019, through Geoscience Analyst the company was able to view its Pecors project in a 3-D/interactive platform (underground view). With the addition of the Geotech ZTEM MVI inversion magnetic survey derived data, the Pecors anomaly overall dimensions are now 5.7 km (length) by 4.2 km by 2.2 km, double previous estimates.

Further compilation of the Geotech ZTEM survey data defines two high-probability massive sulphide targets (conductive and magnetic).

Gary Musil comments: "As the 3-D graphic and accompanying 3-D video indicates we now have two distinct anomalous areas: (magnetic/red) featuring a TMI (total magnetic intensity) of 57,000 nT (nano teslas) and a (conductive/ gold) 33 ohms.

"Utilizing data from our 2007 VTEM survey and a subsequent 3-D model by L.E. Reed Geophysical Consultant Inc., the company completed a 2,322-metre (two-hole) drill program to probe the source of the magnetic anomaly. Drill hole P-15-22 (one km) intersected a gabbro body -- the source of the magnetic anomaly -- yielding minor sulphides that contained Ni, Cu, PGE (platinum group element) values near the base. Drill hole P-15-23 also intersected the gabbro (magnetic anomaly) and the results indicate we may have made contact with the conductive anomaly returning low-grade gold, platinum, palladium, copper and nickel values from core samples. These assays also correlate with the Crone Geophysics downhole probe data from P-15-23."

Mr. Musil further comments: "In essence we are exploring for a massive sulphide Ni,Cu, PGE, Au deposit. The Geotech ZTEM survey sensors indicate where buried conductive and magnetic sulphide anomolies are, and derives quantative values for each. In 2015 we discovered (1 to 15 per cent) sulphides (pyrrhotite, chalcopyrite and pyrite) which are some of the sulphides attributed to many of the world's significant massive sulphide nickel/copper/platinum/palladium/gold deposits. Our conductive result (three ohms) compares very favourably with the Voisey Bay, Eastern Deeps deposits Geotech ZTEM data. Within the conductive (gold) portion is a bull's-eye area (Geotech 2018 ZTEM for Pecors) featuring a conductive value estimated to be approximately (three ohms). Two thousand seven Geotech ZTEM survey data for Voisey Bay Eastern deeps (1-5 ohms), a lower ohms value is more prospective.

"Sulfide minerals associated with sulfide-rich Ni-Cu-PGE deposits are highly conductive, and massive to semi-massive occurrences present highly favorable EM targets (King, 2007). The EM methods have been particularly helpful with the Voisey's Bay deposits and a variety of frequency- and time-domain methods have been successfully applied there." (Balch, 1999; King, 2007; Ford and others, 2007). USGS report 2010 -- 5070.

A further explanation: "USGS report 2010 5070 -- Occurrence Model for Magmatic Sulfide Rich Nickel-Copper-(Platinum-Group Element) Deposits Related to Mafic and Ultramafic Dike-Sill Complexes." "In most deposits, the sulfide mineralization can be divided into disseminated, matrix or net, and massive sulfide, depending on a combination of the sulfide content of the rock and the silicate texture. The major Ni-Cu sulfide mineralogy typically consists of an intergrowth of pyrrhotite (Fe7 S8), pentlandite ([Fe, Ni]9 S8), and chalcopyrite (FeCuS2). Cobalt, PGE, and gold (Au) are extracted from most magmatic Ni-Cu ores as byproducts, although such elements can have a significant impact on the economics in some deposits, such as the Norilsk-Talnakh deposits, which produce much of the world's palladium." (Barnes and Lightfoot, 2005).

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.

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