CALGARY, ALBERTA--(CCNMatthews - July 4, 2007) - Torch River Resources Ltd. ("Torch") (TSX VENTURE:TCR) is pleased to announce today that it has entered into an agreement (the "Agreement") with William Pfaffenberger ("Dr. Pfaffenberger") to purchase six (6) mineral claims covering a total of 1,574.5054 hectares at Grouse Mountain, British Columbia (the "Grouse Mountain Claims"): Tenure Number Hectares -------------- --------- 553757 112.4884 553762 468.7057 553764 187.4284 553767 131.2432 557529 318.5608 557530 356.0789 Torch will pay $33,060 in cash for the Grouse Mountain Claims. The Agreement is subject to regulatory approval and assuming such approval is provided, is expected to close on or about July 25, 2007. Dr. Pfaffenberger is a director and officer of Torch and holds directly or indirectly approximately 2.4 % of the issued and outstanding shares of Torch. Accordingly, the purchase of the Grouse Mountain Claims is a related party transaction. As the fair market value represents less than 25% of the market capitalization of Torch, the Corporation will rely on the exemptions available under OSC Policy 61-501 as adopted by Policy 5.9 of the TSX Venture Exchange in regard to the requirements for valuation of the Grouse Mountain Claims and minority shareholder approval of the Agreement. The Agreement was approved by an independent committee of the Board of Directors of Torch. The purchase price paid Torch for the Grouse Mountain Claims is equal to purchase price paid by Dr. Pfaffenberger for the same. The transaction will not result in the issue of any Torch shares to Dr. Pfaffenberger. Torch has the Red Bird Property which contains molybdenum and rhenium. Torch also has the High Rock Property which has gold mineralization. It is Torch's objective to carry out a program of geophysics and sampling to investigate the potential of the new property. Further to our press release of June 7, 2007, Torch has mobilized its camp at its Red Bird property. 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 on Red Bird will be mobilized by July 8, 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. This press release may contain forward-looking statements which may include estimates, plans, expectations, opinion, forecast, projections, guidance or other statements that are not statements of fact, including without limiting the generality of the foregoing, statements made regarding drilling on Torch's Red Bird property. Although Torch believes that the expectations reflected in such forward looking statements are reasonable, it cannot give any assurance that such expectations will prove to be correct. Results of Torch including its ability to mobilize and drill on schedule may be affected by a variety of variables and risks associated with the mining industry such as availability of human and capital resources, competition, exploration and development plans and results, anticipated capital expenditures and financing thereof, timing of applications and approvals. As such the future plans and objectives of Torch are forward-looking statements that involve risk and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in such statements. Torch's forward-looking statements are expressly qualified in their entirety by this cautionary statement. Unless otherwise required by applicable securities laws, Torch does not intend nor does it undertake any obligations to update or review any forward-looking statements to reflect subsequent information, events, results or circumstances or otherwise. FOR FURTHER INFORMATION PLEASE CONTACT: Torch River Resources Ltd. William Pfaffenberger President and CEO (403) 444-6888 Website: www.torchriver.ca