On August 24, 2009, the board of directors of Gentor Resources Inc. executed a written action by unanimous written consent of the directors in lieu of a special meeting of the directors which authorized the company to amend its existing amended and restated articles of incorporation to increase the authorized capital stock of the company.

Gentor Resources Inc. provided the following corporate update relating to its IMA Mine molybdenum-tungsten-silver project in Patterson, Idaho. The company has not undertaken any substantive exploration activities at the project site since the end of 2008. The company has, however, continued its maintenance and security programs at the project. The company believes that these low cost programs, which were initiated in 2008, are important and will enable a rapid return to full exploration in the event that funding becomes available. The company has established an Inferred Mineral Resource at the project of 5.7 million tons grading 0.15% Mo. Included in this estimate are 720,000 tons of material grading greater than 0.20% Mo and averaging 0.235% Molybdenum. Gentor has obtained the necessary permits and zoning changes at the project site to allow the company to commence underground mining once feasibility has been demonstrated. The company believes that the existing permits, the current favorable mining law regime in Idaho and the drill results achieved to date create a favorable environment for the company to benefit from improving molybdenum prices. Gentor is actively pursuing financing opportunities, both nationally and internationally, with the goal of concluding the financing necessary to pursue further exploration and development at the project site.

Gentor Resources Inc. filed its 10-K on March 31, 2009 for the period ending December 31, 2008. In this report its auditor, Bdo Dunwoody LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.