PINETREE CAPITAL LTD. ACQUIRES SECURITIES OF TORCH RIVER RESOURCES LTD.

On June 3, 2011, Pinetree Capital Ltd. acquired ownership of two million common shares and two million common share purchase warrants of Torch River Resources Ltd. Each warrant entitles the holder thereof to acquire one additional common share at a price of 10 cents until May 26, 2013. In the event that the warrants are fully exercised, these holdings represent approximately 5.7 per cent of the total issued and outstanding common shares of Torch River as of June 3, 2011, calculated on a partially diluted basis assuming the exercise of the warrants only.

As a result of this transaction, Pinetree held, as at June 3, 2011, a total of 11.25 million common shares of Torch River, including the common shares and rights to acquire an additional 4,625,000 common shares of Torch River upon exercise of certain convertible securities, including the warrants. In the event that the convertible securities are fully exercised, the holdings of Pinetree represents a total of 15,875,000 common shares of Torch River, or approximately 21.9 per cent of all issued and outstanding common shares as at June 3, 2011, calculated on a partially diluted basis assuming the exercise of the convertible securities only. These transactions were made for investment purposes and Pinetree or its joint actors could increase or decrease their investment in Torch River depending on market conditions or any other relevant factor.

For further information please call John Chalcraft (604) 541-1995 investor relations, Torch River or, toll free 1 800 540-1995 or email: jrchalcraft@gmail.com