Torch River Resources Ltd.
TSX VENTURE : TCR

Torch River Resources Ltd.

October 24, 2006 09:00 ET

Torch River Resources Ltd.: Extended Hole RB06-132 Returns .804% Copper Equivalent Over 205 Meters

CALGARY, ALBERTA--(CCNMatthews - Oct. 24, 2006) - Torch River Resources Ltd (TSX VENTURE:TCR) ("Torch") is pleased to announce extended drill results on its first and second holes of the 2006 exploration program on the Red Bird porphyry molybdenum/ copper deposit located in the central coast region of British Columbia. This program intends to outline extensions of known mineral zones as well as explore new areas of interest. To this end, Torch drilled hole RB06-133 some 390 meters to the east of its previously reported RB06-132. Each of these holes were re-entered and extended to depth later in the drill program.

The following table presents the assay results for Mo %, Cu % and Cu equivalent % (the copper equivalent is calculated as equal to the Cu % + (7.6056 x Mo %) where ($/lb Mo) / ($/lb Cu) = 7.6056. For example, a zone with an average grade of 0.10 % Mo and 0.08 % Cu would have a copper equivalent value of 0.76056 + 0.10 or 0.86 %. Therefore a tonne of ore at this grade would contain an equivalent amount of 18.9 lbs of copper. This equates to an in-situ or grade of roughly $65 USD / metric tonne.

The following is a compilation of the results from RB-132 and RB-133 to date:



------------------------------------------------------------------------
------------------------------------------------------------------------
HOLE ID DEPTH FROM DEPTH TO INTERVAL MO% CU% CU EQUIV%
------------------------------------------------------------------------
RB06-132 4.00 24.00 20.00 0.019 0.021 0.169
------------------------------------------------------------------------
RB06-132 66.00 68.00 2.00 0.022 0.015 0.181
------------------------------------------------------------------------
RB06-132 80.00 90.00 10.00 0.008 0.068 0.127
------------------------------------------------------------------------
RB06-132 136.00 154.00 18.00 0.007 0.029 0.080
------------------------------------------------------------------------
RB06-132 162.00 174.00 12.00 0.009 0.018 0.089
------------------------------------------------------------------------
RB06-132 198.00 232.00 34.00 0.024 0.030 0.211
------------------------------------------------------------------------
RB06-132(i) 238.00 443.38 205.38 0.094 0.088 0.804
------------------------------------------------------------------------
(i) includes 286.00 386.00 100.00 0.152 0.063 1.216
------------------------------------------------------------------------
EOH at 443.38m.
------------------------------------------------------------------------
RB06-133 56.00 78.00 22.00 0.025 0.034 0.224
------------------------------------------------------------------------
RB06-133 90.00 92.00 2.00 0.042 0.009 0.328
------------------------------------------------------------------------
RB06-133 104.00 106.00 2.00 0.013 0.144 0.240
------------------------------------------------------------------------
RB06-133 126.00 148.00 22.00 0.018 0.012 0.150
------------------------------------------------------------------------
RB06-133 252.00 288.00 36.00 0.018 0.019 0.156
------------------------------------------------------------------------
RB06-133 294.00 431.29 137.29 0.051 0.066 0.454
------------------------------------------------------------------------
EOH at 431.29m
------------------------------------------------------------------------
Note: EOH denotes the END OF THE HOLE depth.


This intersection represents a true width of about 150 metres. The nearest drill hole intersection to this only sampled an interval of approximately 120 metres, leaving a significant portion of un-sampled material adjacent to mineralized intersections in hole 132 that is most likely of significant grade.

The above program is under the direction of Mr. Ron Parent, P.Geo., President and Chief Geologist of ResourceEye Services Inc., the company's geological services consultant. Mr. Parent has reviewed and takes responsibility for this News Release as a Qualified Person under NI-43-101 standards.

Torch invites you to visit its web-site at www.torchriver.ca to view maps of the drill locations.

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

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