Torch River Resources Ltd.
TSX VENTURE : TCR

Torch River Resources Ltd.

June 07, 2007 09:30 ET

Torch River Resources Ltd. Reports on Sprott Investment

CALGARY, ALBERTA--(Marketwire - June 7, 2007) - Torch River Resources Ltd. (TSX VENTURE:TCR) ("Torch") is pleased to announce further details with regard to an investment in the company by Sprott Asset Management. The company has received a sum of $576,000 to exercise 3,200,000 warrants for the account of Sprott Asset Management. This brings Sprott's total investment in Torch River Resources to over $1.25 million and represents ownership of over 19% of the outstanding shares of the company.

Further to our press release of May 17, 2007, Torch is expecting that the camp at its Red Bird property will be mobilized by late June.

Torch has contracted with Neill's Mining Ltd to drill up to 8 holes (approximately 7000 feet) in an area of the property which had no previous drilling. This area lies in the northwest region of the 4000 foot by 5000 foot Red Bird intrusion and was identified as a prime target for drilling by the soil and chip sampling and ground geophysics carried out in Torch's 2006 program on Red Bird (see the August 15, 2006 release at our web-site, www.torchriver.ca ).

Torch is expecting that the drill will be mobilized in the first week of July, with drilling continuing at least to the end of August.

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

Torch River resources Ltd 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.
    William Pfaffenberger
    President and CEO
    (403) 444-6888
    Website: www.torchriver.ca
    or
    ProActive Communications Co.
    Local Vancouver: (604) 541-1995 or Toll Free 1-800-540-1995