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International Gold Resources Announces Merger With Montpellier Group

Posted on: Monday, 22 August 2005, 18:00 CDT

Montpellier Group Inc. - The Company, (OTCBB:MPLG) is pleased to announce that on August 19, 2005, completed a merger with International Gold Resources Inc., a Nevada corporation, to combine the two companies. Montpellier (MPLG) will be the surviving company.

The shareholders and the Board of directors of both companies approved the merger. Under this plan of merger, the International Gold Resources Inc. common and preferred shares will become the Company's common and preferred shares.

The Company expects to capitalize on growth opportunities in mining exploration and development. International Gold Resources, Inc., and its affiliates have acquired mineral properties in Brazil that are comprised of approximately 210,000 hectares/ 520,000 acres in South America's most prolific gold belt -- The Guyana Shield. The claims are located in Amapa State, Brazil.

International Gold Resources Inc. will be the name of the merged company.

About Montpellier Group Inc.

After the merger, Montpellier (MPLG) will become a mining exploration company through International Gold Resources, Inc. and its affiliates.

Certain of the statements made in this release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, which involve known and unknown risk, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the anticipated benefits of the proposed business combination, estimates relating to mineral reserves, future gold production and mine life, and other statements regarding future events on the Company's or International Gold Resources Inc's properties, or otherwise relating to the Company or International Gold Resources. Forward-looking statements are subject to a variety of risks and uncertainties including but not limited to gold price volatility; impact of any hedging activities, including margin limits and margin calls; discrepancies between actual and estimated production, between actual and estimated reserves, and between actual and estimated metallurgical recoveries; mining operational risk; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign investment; speculative nature of gold exploration; dilution; competition; loss of key employees; additional funding requirements; and defective title to mineral claims or property. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to publicly update or revise any forward-looking statements. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could cause actual results to vary from current expectations and the forward-looking statements contained in this media release.

Source: Business Wire

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