Mr. Gary Musil reports

MONTORO PLANS TITAN MT GEOPHYSICS ON PECORS SERPENT RIVER PROPERTY, ELLIOT LAKE-ONTARIO

International Montoro Resources Inc. is planning the next phase of work on the Pecors anomaly on its Serpent River property in Ontario.

Further to its last news release of Oct. 20, 2015, the company has reviewed various exploration options to further define the Pecors anomaly. Gary Musil, chief executive officer and president of International Montoro, talks with Market One Media Group about the company's recent drilling program and options moving forward.

Option 1

Results of the probing of PDH No. 2 indicated that two distinct conductive anomalies were detected and modelled at a depth of about 580 metres to 590 metres down hole and a second anomaly 975 metres to 1,021 metres down hole.

The shallow anomaly about 580 to 590 metres down the holes was only 75 metres (approximately 245 feet) from the hole, and it coincides with the contact between Huronian conglomerate and basalt. Concentrations of up to 10 per cent disseminated pyrite were noted in the logs at this point.

The second anomaly at 975 to 1,021 metres down hole was detected approximately 70 metres (230 feet) from the hole, and it coincides with a thick gabbro unit containing numerous older volcanic xenoliths less than one metre to 11 metres thick. The xenoliths consist of chert, pyritic exhalite, basalt and sulphide facies iron formation, and, in the host gabbro, 1 per cent to 8 per cent disseminated pyrrhotite, chalcopyrite and pyrite were noted. These xenoliths indicate that the magma had access to a source of sulphur, a factor that is considered important to the formation of magmatic sulphide deposits. It should be noted that the hole was stopped at a depth of 1,317 metres due to the capacity of the drill rig and before the prospective lower contact area of the gabbro was reached. Full details of the report can be reviewed on the company's website.

The company has reviewed the costs of wedge drilling off of PDH No. 2 directly into these two anomalies as one option in further testing this section of the Pecors anomaly, as well as extending PDH No. 2 to the prospective lower contact area of the gabbro.

Option 2

Advisory board member Greg Campbell, MSc, has been reviewing and discussing with Laurie Reed, geophysical consultant, a new 3-D interpretation incorporating the Lamontagne BH UTEM data from PHD No. 1, together with the Crone Geophysics pulse electromagnetic probing survey from PDH No. 2, and comparing the results with an expectation of developing further drill targets around these two holes.

Option 3

Advisory board member Everett Makela has recommended the Titan MT (magnetotelluric technology), which would allow the company to conduct a geophysical survey from surface in order to provide a better picture of further conductive targets within the Pecors magnetic anomaly to a depth of about two kilometres and to determine the significance of an inclusion-bearing gabbro containing highly anomalous copper, nickel and platinum group element values along the lower contact that was intersected in hole PDH No. 1. To cover the area, a proposed five-line-kilometre-by-three-line-kilometre length and 400-metre line spacing (the equivalent of 80 AMT stations) would be required.

Subject to financing, the company is considering option 2 and option 3 first, which could be conducted during the winter of 2015 and early 2016 to prepare for further drilling of any targets defined and combined with option 1 during the summer of 2016. At that time, the company would also investigate extending a drill road from the southern claim blocks into the Pecors anomaly, so that larger drill rigs could be used to access the maximum potential depth of the anomaly.

Mr. Musil stated, "I remain optimistic that the results obtained throughout the recent programs give further evidence that the Pecors target may host a new (nickel-copper-platinum-group-element) deposit in the Elliot Lake mining camp."

Qualified person

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

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