Torch River Resources Ltd.

Torch River Resources Ltd.

December 12, 2007 09:30 ET

Torch River Announces Gold Investment

CALGARY, ALBERTA--(Marketwire - Dec. 12, 2007) - Torch River Resources Ltd ("Torch") (TSX VENTURE:TCR) (FRANKFURT:WNF) is pleased to announce a strategic investment in Tagish Lake Gold Corporation ("Tagish"). Torch has subscribed to a private placement to purchase 1,000,000 units at $.13 each. A unit comprises one common share of Tagish Lake Gold and 1/2 warrant exercisable at $.21 for eighteen months from the closing date of this issue.

Tagish has a measured and indicated resource of 1,420,000 tonnes at 6.8 g/t gold and 131 g/t silver at Skukum Creek in the Yukon Territory.

Tagish is proceeding with a plan to go into production in 2009 with initial production of 50,000 ounces of gold and 1,000,000 ounces of silver on an annual basis.

Torch is currently developing the Red Bird property in British Columbia which contains a resource of molybdenum/copper and rhenium mineralization. The reader is referred to our latest NI 43-101 report by Giroux Consultants Ltd, a full copy of which appears on our web-site:

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

For all Torch River investor relations needs, investors are asked to visit the Torch River IR Hub at 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 where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

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

Contact Information

  • Torch River Resources Ltd.
    Dr. William E. Pfaffenberger
    (403) 444-6888
    ProActive Communications Co.
    Local Vancouver: (604) 541-1995
    Or Toll Free: 1-800-540-1995