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Torch River Resources Ltd. (TSX VENTURE:TCR)(FRANKFURT:WNF)(PINKSHEETS:TORVF) ("Torch" or the "Corporation") is pleased to announce that it has closed a private placement financing resulting in aggregate gross proceeds of $75,000. The private placement consisted of a $75,000 principal amount 5% convertible unsecured redeemable debenture (the "Debenture"). The Debenture matures on December 31, 2013 but may, at the option of the Corporation, be extended for 20 months thereafter provided that, if extended, an additional amount of $18,750 shall become due and owing at maturity in addition to the principal amount of the Debenture plus accrued interest. Interest on the Debenture is payable semi-annually and the Debenture may be converted, in whole or in part, at any time prior to maturity or redemption into units at a price of $0.075 per unit for one year from the date of issue of the Debenture and $0.10 per unit thereafter. Each unit will consist of one common share of the Corporation and one common share purchase warrant to acquire one additional common share of the Corporation at an exercise price of $0.10 per share at any time within two years of the date of issue of the Debenture. The Debenture will be subject to a hold period of four months and one day pursuant to applicable securities laws. A finder's fee in the amount of $6,000 together with finder's warrants exercisable to acquire 80,000 common shares of the Corporation at an exercise price of $0.10 per share within two years of the closing of the private placement was paid to an arm's length third party of the Corporation that raised the gross proceeds. The Corporation intends to use the proceeds of the private placement as working capital to fund the continued development of the Corporation's business. http://www.marketwire.com/press-release/torch-river-closes-private-placement-tsx-venture-tcr-1826120.htm

Torch River's Red Bird Mo resource increases by 40% 2007-08-27 09:58 ET - News Release Dr. William Pfaffenberger reports TORCH RIVER RESOURCES LTD.: RED BIRD MOLYBDENUM RESOURCE INCREASED BY 40% Torch River Resources Ltd. has received an updated National Instrument 43-101 report on its Red Bird property from Giroux Consultants Ltd. The updated report includes the drill results from Torch's 2006 drill program on the Red Bird property. A further update will be done to include Torch's 2007 drill program once the results of that program have been received and analyzed. However, none of the 2007 program is covered in this present update. The 2006 drill assays were combined with the historic and resampled database used in the 2005 resource estimate. A total of nine Mo assays were capped at 0.33 per cent Mo and nine Cu assays were capped at 0.49 per cent Cu. A geologic three-dimensional model was constructed from cross-sections and three mineralized zones -- Main, Southwest and Southeast -- were formed. Uniform five-metre down-hole composites were produced for Mo and Cu within these mineralized solids. Semivariograms, produced on five-metre composites, showed a geometric anisotropy for both Mo and Cu elongated in the east-west direction. A block model, with blocks 20 metres by 20 metres by 10 metres, was superimposed on the mineralized zones and Mo and Cu were interpolated into the blocks using ordinary kriging. The previous NI 43-101 report on Red Bird was completed in the spring of 2006 and a comparison with the new update is contained herein (using a cut-off grade of 0.03 per cent Mo). Indicated resource Inferred resource Tonnes Mo Pounds Mo Tonnes Mo Pounds Mo (millions) (%) (million) (millions) (%) (million) 2006 resource 75.3 0.065 107.9 2007 resource 43.3 0.064 61.2 70.5 0.058 90.1 Torch is also pleased that this 2007 report has reclassified 43.3 million tonnes of the above total resource to the indicated category, where in 2006 all the resource was reported as inferred. The total tonnage of the resource at a 0.03-per-cent-Mo cut-off has increased by 51 per cent, while the contained molybdenum has increased by 40 per cent. The full 2007 updated NI 43-101 report is available for viewing on SEDAR and on Torch's website. Torch has been informed by its geologist that the drilling operation at its Red Bird molybdenum/copper property is presently drilling its ninth hole in a 10-hole drill program. Torch's plan for this year's program is to drill approximately 9,000 feet in total. Core samples from the first hole, drilled to a depth of 1,430 feet, and also from the next three holes have been sent to the company's assayer and results will be released once they are received. Gary Giroux is a qualified person under NI 43-101 and has reviewed and approved the technical data in t

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Torch River plans 9 Red Bird holes 2007-07-10 10:29 ET - News Release Dr. William Pfaffenberger reports TORCH RIVER EXPANDS DRILL PROGRAM AT RED BIRD Torch River Resources Ltd.'s geologist has confirmed that the drilling equipment from Neill's Mining has been mobilized to the first drill location on its Red Bird molybdenum/rhenium property. Torch River also announces that it has increased its drill program to nine diamond drill holes totalling up to 10,200 feet, a 45-per-cent increase over the plans previously reported. The remainder is available to Stockwatch subscribers. If you would like to give the Stockwatch system a try, click here for a free 30 day trial subscription.