Torch River Resources Ltd.
TSX VENTURE : TCR
FRANKFURT : WNF
PINK SHEETS : TORVF

Torch River Resources Ltd.

October 21, 2008 09:30 ET

Torch River Reports 144 Meters of Moly at 0.123% Mo

CALGARY, ALBERTA--(Marketwire - Oct. 21, 2008) - Torch River Resources Ltd ("Torch") (TSX VENTURE:TCR) (PINK SHEETS:TORVF) (FRANKFURT:WNF) is pleased to announce further drill results in its 2008 program on its Red Bird molybdenum/copper/rhenium property in British Columbia. DDH 153, 154 and 155 are located 258 meters east of, 85 meters north of, and 73 meters higher in elevation in relation to recently reported DDH 08-RB-156. All contain disseminated and fracture filling molybdenite associated with quartz stockwork and K-spar/kaolinite alteration which is hosted in quartz monzonite porphyry. A sixteen hole program with a total of 5,000 meters of drilling has now been completed on Red Bird in 2008 with four holes remaining to be reported.



The results of assays on the diamond drill holes (DDH) are as follows:

----------------------------------------------------------------------------
From - To Length Equivalent
DDH 153 (meters) (meters) Mo% Cu% Mo%
----------------------------------------------------------------------------
0-20 20 .116% .056% .120%
----------------------------------------------------------
20-40 20 .106% .031% .108%
----------------------------------------------------------
46-54 12 .097% .036% .100%
----------------------------------------------------------
76-100 24 .087% .043% .090%
----------------------------------------------------------------------------
DDH 153 ended in mineralization (mostly copper) at 152.3 meters depth

----------------------------------------------------------------------------
From - To Length Equivalent
DDH 154 (meters) (meters) Mo% Cu% Mo%
----------------------------------------------------------------------------
2-70 68 .115% .046% .118%
----------------------------------------------------------
70-108 38 .098% .039% .101%
----------------------------------------------------------------------------
DDH 154 ended in mineralization (mostly copper) at 148 meters depth

----------------------------------------------------------------------------
From - To Length Equivalent
DDH 155 (meters) (meters) Mo% Cu% Mo%
----------------------------------------------------------------------------
2-146 144 .123% .046% .126%
----------------------------------------------------------------------------
DDH 155 ended in mineralization at 243.9 meters depth


DDH 159 was drilled 200 meters east of DDH 08-RB-156. This hole was previously reported, however, some data was incomplete, so the final results are being restated.



----------------------------------------------------------------------------
DDH 159 From - To Length Equivalent
(meters) (meters) Mo% Cu% Mo%
----------------------------------------------------------------------------
10-40 30 .076% .045% .080%
----------------------------------------------------------
40-90 50 .123% .029% .125%
----------------------------------------------------------
including 72-84 12 .191% .033% .193%
----------------------------------------------------------
90-170 80 .072% .061% .078%
----------------------------------------------------------
170-212.6 42.6 .016% .171% .032%
----------------------------------------------------------------------------
DDH 159 ended in mineralization at 212.6 meters depth

DDH 160 was drilled 100 meters east of DDH 08-RB-156.

----------------------------------------------------------------------------
DDH 160 From - To Length Equivalent
(meters) (meters) Mo% Cu% Mo%
----------------------------------------------------------------------------
240-292 52 .072% .014% .073%
----------------------------------------------------------
474-496 22 .083% .034% .085%
----------------------------------------------------------------------------
DDH 160 ended in mineralization at 506 meters depth

Note: Equivalent molybdenum percentages were calculated using prices of
$30.40 and $2.15 per pound of molybdenum (Mo) and copper (Cu)
respectively.


Torch is very encouraged as these results show long strike lengths of mineralization from surface in four of the above reported holes. This complements the above average Mo geochemical and assay values received in 2008.

We will report further results as they become available. Further holes in the program further tested these areas of the Main Zone and also parts of the Southeast and Southwest Zones. Torch is interested in the potential of high grade sub-zones of the Main Zone as they might relate to a possible starter pit for future production and also the potential for high grade potential underground resources.

A diagram of the location of these drill holes of the 2008 program can be viewed at http://www.corebox.net/properties/red_bird/ or at Torch's web site at www.torchriver.ca.

Andris A. Kikauka, P. Geo. is a Qualified Person under NI 43-101 and has reviewed and approved the technical data in this press release.

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 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.

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
    President and CEO
    (403) 444-6888
    Email: torchriver@telus.net
    Website: www.torchriver.ca
    or
    ProActive Communications Co.
    Local Vancouver: (604) 541-1995 Or Toll Free (800) 540-1995