TORCH
RIVER RESOURCES LTD
FOR
IMMEDIATE RELEASE
June 26, 2007
NEWS
RELEASE
TORCH RIVER
RESOURCES LTD AND THE OWNERS OF MOUNT COPELAND MUTUALLY AGREE TO DISCONTINUE
NEGOTIATIONS
Further to its News Release of April 18,
2007, Torch River Resources Ltd. (Torch) wishes to announce that it is
discontinuing its interest in the Mount Copeland Property.
Torch entered into a
Letter of Intent (LOI) dated April 13, 2007 with the current owners of Mount
Copeland which was to close by July 15, 2007. Unfortunately the terms of the option
agreement could not be agreed upon.
It has therefore
been agreed by both Torch and the current owners to terminate the
LOI.
Torch is in the
process of investigating another property in British Columbia for possible
outright purchase. Torch
anticipates that if this purchase is completed a work program on that property
will be carried out this summer.
Further to our press
release of June 7, 2007, Torch is has begun mobilizing its camp at its Red Bird
property.
Torch has contracted
with Neills 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 Torchs 2006 program on Red Bird (see the August 15, 2006 release at our
web-site, www.torchriver.ca
).
Torch is expecting
that the drill on Red Bird will be mobilized in the first week of July, with
drilling continuing at least to the end of August.
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 FURTHER INFORMATION PLEASE
CONTACT:
William Pfaffenberger
President and CEO
Torch River Resources
Ltd.
Telephone
No. (403) 444-6888
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:
ProActive Communications Co.
Local Vancouver: (604) 541-1995
Or toll free
(800) 540-1995
The
TSX Venture Exchange does not accept responsibility for the adequacy or accuracy
OF THIS RELEASE.