Thorium Power
OTC Bulletin Board : THPW

Thorium Power

February 23, 2007 10:57 ET

Thorium Power Featured in Resource Investor Analysis

MCLEAN, VA--(CCNMatthews - February 23, 2007) - Thorium Power Ltd. (OTCBB: THPW), the leading developer of low waste, non-proliferative nuclear fuel technology for existing and future reactors, today noted that the company has been prominently featured in a comprehensive analysis of the future of the nuclear industry.

Resource Investor (www.resourceinvestor.com) reports that the demand for energy from sources that do not emit greenhouse gases will substantially increase in the coming years. The analysts at Resource Investor then reviewed promising new technologies and concluded,

"An American company, Thorium Power, Ltd. (OTCBB: THPW) is at the forefront of thorium power technology. The principals of the company in fact give it a continuity and breadth of expertise in engineering, government, law and the military that is outstanding and unbroken from the very dawn of the idea of safe civilian nuclear power. The company's website makes fascinating, and I think, today, compulsory reading for any investor who wants to participate for the long run in the continuation and maintenance of a society and polity, the United States of America, that can improve and expand the quality of life for the earth's billions without the need for depriving its own citizens of anything or of controlling the lives of others." The entire report can be obtained at: http://www.resourceinvestor.com/pebble.asp?relid=29249

Seth Grae, the President and CEO of Thorium Power, noted, "I appreciate the time and care the analysts at Resource Investor have taken to investigate emerging technologies and am gratified that they have concluded, as we have, that our thorium cycle fuel designs will provide the advantages of nuclear power while eliminating any chance of proliferation and greatly minimizing waste."

About Thorium Power Ltd:

Thorium Power Ltd. is involved in the nuclear power sector. Its focus is on technologies and services that will benefit from, and help lead to, expanded use of nuclear power generation. The company has assembled an International Advisory Board comprised of key national and international leaders in the fields of Nuclear Energy, Finance, Government Affairs, Non-proliferation and Diplomacy. Thorium Power Ltd. also has put together a Technical Advisory Board made up of top scientists and practitioners from the world's major nuclear companies. Thorium Power Inc., a wholly owned subsidiary of Thorium Power Ltd., is a leading developer of proliferation resistant nuclear fuel technologies. Thorium Power Inc. designs nuclear fuels, obtains patent protection on these fuels, and coordinates fuel development with commercial entities and governments. The company has been working in Russia with Russian nuclear engineers and scientists for over a decade.

DISCLAIMER

This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, statements regarding benefits of the proposed merger and other forward-looking terminology such as "may," "expects," "believes," "anticipates," "intends," "expects," "projects" or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. These risks, as well as other risks associated with the merger, will be more fully discussed in any joint proxy statement or prospectus or other relevant document filed with the Securities and Exchange Commission in connection with the proposed merger. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein.

Further information is available on Thorium Power Ltd's website at http://www.thoriumpower.com

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