TORCH RIVER RESOURCES LTD
FOR IMMEDIATE RELEASE May 17, 2007
NEWS RELEASE
TORCH RIVER RESOURCES LTD REPORTS ON RED BIRD DRILL PROGRAM
Torch River Resources Ltd.
("Torch") 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 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.