TORCH RIVER
RESOURCES LTD.
FOR IMMEDIATE RELEASE
December 12,
2007
TORCH RIVER ANNOUNCES GOLD
INVESTMENT
Torch River Resources Ltd (?Torch?) (TSX-V: TCR) (FRANKFURT: WNF)
is pleased to announce a strategic investment in Tagish Lake Gold Corporation
(?Tagish?). Torch has subscribed to a private
placement to purchase 1,000,000 units at $.13 each. A unit comprises one common share
of Tagish Lake Gold and ? warrant exercisable at $.21 for eighteen months from
the closing date of this issue.
Tagish has a measured and indicated resource of
1,420,000 tonnes at 6.8 g/t gold and 131 g/t silver at Skukum Creek in the Yukon
Territory.
Tagish is proceeding with a plan to go into
production in 2009 with initial production of 50,000 ounces of gold and
1,000,000 ounces of silver on an annual basis.
Torch is currently developing the Red Bird
property in British Columbia which contains a resource of molybdenum/copper and
rhenium mineralization. The reader is referred to our latest NI 43-101 report by
Giroux Consultants Ltd, a full copy of which appears on our web-site:
www.torchriver.ca
Torch is a company listed and trading on the TSX Venture Exchange,
symbol: TCR.
Dr. William E. Pfaffenberger
President
Torch River Resources Ltd.
Telephone No. (403) 444-6888
torchriver@telus.net
FOR FURTHER INFORMATION
PLEASE CONTACT:
ProActive Communications
Co.
Local Vancouver: (604)
541-1995
Or toll free
(800) 540-1995
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