Torch River Resources Ltd.

Torch River Resources Ltd.

October 12, 2005 12:30 ET

Torch River Resources Ltd. Announces a Non-Brokered Private Placement

SASKATOON, SASKATCHEWAN--(CCNMatthews - Oct. 12, 2005) - Torch River Resources Ltd. (TSX VENTURE:TCR) ("Torch") announces a non-brokered private placement of up to 1,000,000 Units at $0.20 per Unit. Such Units are to be comprised of one Common Share and one Warrant to purchase an additional Common Share of Torch at a price of $0.25, exercisable within a seven (7) month period. The private placement is expected to close on or about November 14, 2005. The proceeds of the private placement will be used as working capital to fund the continued work program, on the mineral properties held by Torch. The private placement is subject to receipt of all necessary regulatory approvals.

Torch is a company listed and trading on the TSX Venture Exchange, symbol: TCR.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Torch River Resources Ltd.
    Mr. Ronald M. Burko
    (306) 978-4444