News Release

Drill program results for Greenwood Area Properties

August 22, 2008:  Kettle River Resources Ltd. has received further results from the company's 14 hole 2008 drill program on its wholly owned Greenwood area properties.  Results for holes KRR 08-1 to 08-5, drilled at the Minnie Moore showing, were previously released (see KRR news release, July 17/08).

Holes KRR 08-6 to 08-12 were drilled at the Battle Zone, to test an area of auriferous pyrite-quartz stockwork veinlets and multiple northwest-trending, shallow northeast dipping shear zones, seen on surface, in outcrop and in historic prospect pits, shafts and adits. During 2008, 7 holes were drilled from 3 set-ups, to test a 420 meter northeast-southwest section across the zone of mineralization.  Drilling was designed to test for both narrow high-grade shear veins and for lower grade, bulk tonnage mineralization resulting from stockwork veining or multiple close spaced shear zones.  Results have now been received from 6 of the 7 holes drilled at the Battle Zone during 2008, as follows.

Hole KRR 08-6 was drilled at an azimuth of 210� on a dip of -50� to test the Bank of England shear zone, down dip from the Bank of England adit exposure.  The hole intersected a 7.3 meter zone of pyrite (+/- quartz) veining, 20 meters vertically below surface and 45 meters down dip from the surface exposure of the shear zone.   An average grade of 3.71 g/t Au, 8.27 g/t Ag and 1801 ppm Cu was returned across the 7.3 meter intercept, including a 0.4 meter interval which returned 14.0 g/t Au, 64 g/t Ag and 496 ppm Cu, and a separate 1.0 meter interval returning 8.8 g/t Au, 7.0 g/t Ag and 2417 ppm Cu.

Hole KRR 08-7 was drilled at a dip of -85�, from the same set-up and in the same section as hole KRR 08-6, to test the Bank of England shear zone deeper in the section.   The hole intersected several narrow shear zones with elevated gold values, but does not appear to have intersected the same shear seen in Hole KRR 08-6.  Further drilling will be required to determine whether the shear zone has pinched out or whether it has been offset by later faulting.

Hole KRR 08-8 was fanned from the same set-up as hole KRR 08-6 and 08-7, to test the Bank of England shear zone at a similar elevation to the drill hole KRR 08-6 intercept, but approximately 20 meters on strike to the northwest.   Hole KRR 08-8 drilled on an azimuth of 240� and at a dip of -50�, successfully intersecting a wide zone of faulting and pyrite veining which returned 1.62 g/t Au, 10.85 g/t Ag and 2349 ppm Cu over 12.7 meters, and included a 0.7 meter intercept grading 18.07 g/t Au, 183.7 g/t Ag and 3.36% Cu.  The Bank of England shear zone is moderately oxidized where intersected in both holes KRR 08-6 and 08-8. 

Hole KRR 08-9 was collared 160 meters southwest of holes KRR 08-6 to 08-8 and was oriented at 210�/-50�.  The hole was designed to test veining exposed nearby in subcrop, from which samples had returned up to 14.97 g/t Au.  The hole was also designed to follow-up on the results of a single 1991 drill hole by Battle Mountain Canada Inc., which was located approximately 30 meters to the west of hole KRR 08-9 and which intersected several narrow pyrite veins with elevated gold values.   Hole KRR 08-9 intersected several narrow pyrite and quartz-pyrite veins and mineralized fault zones, with elevated gold values.  The best result was a 0.4 meter intercept returning 5.4 g/t Au, 18.3 g/t Ag and 6070 ppm Cu.

Hole KRR 08-10 was drilled at a dip of -70�, from the same set-up as hole KRR 08-9, to test for mineralization deeper in the same section.   It intersected numerous close spaced, narrow pyrite (+/- quartz) veins and shear zones.  A 8.62 meter intercept through this zone of shearing and mineralization averaged 0.76 g/t Au, 1.15 g/t Ag and 401 ppm Cu, with a 0.5 meter sample within the interval returning 6.33 g/t Au, 14.7 g/t Ag and 4169 ppm Cu.

Holes KRR 08-11 and 08-12 were collared 210 meters southwest of holes KRR 08-9 and 08-10 and were drilled to test a shear zone that is exposed on surface in an old prospect shaft and from which grab samples have returned up to 185 g/t Au.  Hole KRR 08-11 was drilled on an azimuth of 210� and a dip of -70�.  The hole intersected 6.8 meters of highly oxidized, nearly flat-lying shear zone, 60 meters northeast of the surface exposure (at the old prospect shaft) and 30 meters vertically below surface.  Several other zones of mineralization were also intersected in hole KRR 08-11, including a 2.6 meter intercept across second strong shear zone deeper in the drill hole.  Results for this hole are not yet available. 

Hole KRR 08-12 was a vertical hole, drilled from the same set-up as hole KRR 08-11, to test the shear zones deeper in the same section.  The upper shear zone in hole KRR 08-12 was highly oxidized, with local silicification and pyrite mineralization, and returned 0.27 g/t Au over 4.55 meters.  The lower zone consisted of several close-spaced narrow shears and veins, with a 9.55 meter intercept across the zone averaging 4.32 g/t Au, 2.42 g/t Ag and 561 ppm Cu.  This intercept included a 0.8 meter semi-massive pyrite vein which assayed 50.30 g/t Au, 27.8 g/t Ag and 5493 ppm Cu. 

The final two drill holes (KRR 08-13 and 08-14) targeted a series of parallel auriferous quartz-sulfide veins at the Stemwinder zone, known from historic underground work at the Stemwinder and Brooklyn mines.  Both drill holes were successful in intersecting several quartz-pyrite-chalcopyrite veins.  Results for these holes, and for hole 08-11 at the Battle Zone, have not yet been received and will be released when available.

Drill core was removed from the property twice daily, for logging and sampling in a secure facility in Grand Forks.  Sample intervals were determined by mineralization and geology, but generally ranged from 0.5 to 3.0 meters.   Core was sawn or split (depending on rock type), with half-core samples shipped to International Plasma Laboratory Ltd. (iPL) in Richmond, B.C., for preparation and analysis by iPL's package P1302.   This analytical package involves a 30 element ICP analysis following aqua-regia digestion, and gold analysis by fire assay/AAS finish on a 30 gram sample.  iPL is an IS0 9001:2000 certified laboratory.   A quality control-quality assurance program was implemented by the company during the drill program, including company inserted blanks and standards at regular intervals. Additional drilling is needed to determine the strike, dip and true width of the mineralization described above.

Linda Caron, M.Sc., P.Eng. is the Qualified Person under NI 43-101 who supervised the 2008 work program and who has reviewed and approved the technical content of this news release.

Contact Larry Widmer (250) 878 5099 or Ellen Clements 1-800 856 3966

On Behalf of the Board,

"Signed"

Ellen Clements, Director

President & CEO

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