CALGARY, ALBERTA--(CCNMatthews - April 18, 2007) - Torch River Resources Ltd (TSX VENTURE:TCR) ("Torch") is pleased to announce that it has signed a Letter of Intent (LOI) with a private vendor for an option to purchase 100% of the Mt. Copeland property (subject to a 2.75% NSR to the vendor), a past high grade producing molybdenum property near Revelstoke, British Columbia. Approval by our shareholders will be sought in order to enter into this option agreement.
The Mt. Copeland property featured underground production (1970-73) which produced 169,729 tonnes and recovered 2,625,046 pounds of molybdenum (0.7% recovered Mo). When the Mt. Copeland mine went into production in 1970 development work indicated 163,340 tonnes of ore at a grade of 1.83% MoS2 (or 1.1 % molybdenum). The ore indicated prior to mining has been essentially extracted. The information above is included for comparison purposes only.
A report by Andris Kikauka, P.Geo, dated July 14, 2005 has identified 1,000 meters of strike length of molybdenum and tungsten mineralization, within which 120 meters contained the ore occurrence which was mined from 1970 to 1973.
Torch River is developing plans to explore the Mt. Copeland property for possible further occurrences of high grade ore with the goal of again placing this property into production.
Torch invites you to visit its web-site at www.torchriver.ca to view information on the Mt. Copeland and Red Bird molybdenum properties.
Dr. William Pfaffenberger, President
Torch River Resources Ltd
For all Torch River investor relations needs, investors are asked to visit the Torch River IR Hub at http://www.agoracom.com/IR/Torchriver where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to tcr@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.
Torch is a company listed and trading on the TSX Venture Exchange, symbol: TCR.
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