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February 14, 2005

Montalembert Property: Exploration Update

Montreal, February 24 2005 - AntOro Resources Inc. wishes to inform its shareholders on the exploration activities undertaken on the Montalembert property during the previous year. Located approximately twenty kilometres from the village of Waswanipi the property is in close proximity to the Ailly and Le Tac kimberlite fields.

Reconnaissance sampling: Diamond exploration
The corporation dispatched a field crew to complete the reconnaissance till sampling program initiated during the summer of 2002 and cut short due to forest fires blazing only a few kilometres from the property. Nine samples were collected in the northwestern part of the property and were subsequently submitted to IOS Services Géoscientifiques for heavy mineral separation which is a valuable tool for diamond and precious metal exploration.

Follow-up on the induced polarization (IP) targets
The corporation followed-up on surface prospecting of the IP targets identified during the 1998 IP survey. Twenty-five samples were collected on surface and sent to the lab for precious and base metal assays.

Future work
AntOro is anticipating positive results on the glacial sediment reconnaissance survey. Following reception of these results, the corporation may opt to perform an orientation survey in the immediate region surrounding the property and perform a second till-sampling survey using a finer sampling mesh.

The corporation also intends to follow up on its exploration efforts targeting precious and base metals by means of exploration drilling of the I.P. targets that have not been drilled.

All samples collected have been sent to various laboratories. The company is awaiting results which will be disclosed upon receipt of the final reports.

Maintenance work on access road
Repeated use of the access road in previous years had caused considerable deterioration. In order to facilitate future access to the property, AntOro carried out the necessary maintenance work.

Conversion of staked claims to map-designated claims
The Corporation also completed the conversion of staked claims to map-designated claims (“CDC”). The old claims were converted into forty CDC’s totaling 2,016.72 hectares. This operation did not modify the accumulated exploration work credits used to renew these claims.

AntOro also wishes to announce that, according to release agenda provided by the new Escrow Agreement entered into on June 19, 2003 pursuant to the 375,000 common shares of the Corporation held by Mr. François C. Desrosiers, an additional block of 56,250 common shares of the Corporation, which represent 15% of the escrowed securities, were released on February 18th, 2005. This release is made pursuant to the new release conditions approved by the Canadian Securities Administrators (CSA).

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