CALGARY, ALBERTA--(CCNMatthews - May 17, 2007) - Torch River Resources Ltd. ("Torch") (TSX VENTURE:TCR) is pleased to announce further details with regard to its planned 2007 diamond drill program on its Red Bird molybdenum, rhenium, copper property, located in the central coast region of British Columbia.
Torch has contracted with Neill's Mining Ltd to drill up to 8 holes (approximately 7000 feet) in an area of the property which had no previous drilling. This area lies in the northwest region of the 4000 foot by 5000 foot Red Bird intrusion and was identified as a prime target for drilling by the soil and chip sampling and ground geophysics carried out in Torch's 2006 program on Red Bird (see the August 15, 2006 release at our web-site, www.torchriver.ca ).
Torch is also in the final phases of contracting for camp personnel, helicopter and fixed wing support for this fly-in exploration program.
Permits have been applied for and should be finalized soon. We expect to mobilize the camp in late June and begin drilling soon after with the program lasting at least until the end of August.
Torch is also pleased to announce that Sprott Asset Management Inc. intends to exercise (early) over $550,000 of the warrants it holds for the company's common stock. This funding, in addition to the company's earlier financing should meet our financial and exploration commitments into the Spring of 2008.
Andris A. Kikauka is a Qualified Person under NI 43-101 and has reviewed and approved the technical data in this press release.
Torch River resources Ltd is a company listed and trading on the TSX Venture Exchange, symbol: TCR.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Torch River Resources Ltd.
William Pfaffenberger
President and CEO
(403) 444-6888
Website: www.torchriver.ca
or
ProActive Communications Co.
(604) 541-1995 or
Toll Free 1-800-540-1995
