CALGARY, ALBERTA--(Marketwire - Nov. 23, 2010) - Torch River Resources Ltd. ("Torch" or the "Corporation") (TSXVENTURE:TCR) (FRANKFURT:WNF) (PINK SHEETS:TORVF) is pleased to announcere-assayed geochemical analysis results identifying Rare Earth Elements(REE) (La, Ce, Pr), which were previously abovemeasurement limits on its 100% owned Mount Copeland mineral tenurescomprising 1,318 hectares and located 25 km northwest of Revelstoke, BC.The Mt. Copeland property history includes underground excavation(1970-73) that produced 169,729 tonnes and recovered 2,625,046 pounds(1,190,713 kilograms) of molybdenum (Mo). When theCopeland Mine went into production in 1970, development work, diamonddrilling, mapping, & sampling indicated there were 163,340 tonnes @1.09% Mo.
REE's are presently in short supply, and their values arehigh and increasing. Their uses are varied; however, they are essentialin manufacturing activities such as: electronics, batteries, high techuses, strong magnets, TV screens and microwave transmission.
Fieldwork was previously detailed in Torch River's press release of November 2, 2010.
Recently received assays and re-assays are as follows:
Note- samples (AR- 20, & 22) had above detection limitanalysis on some elements and were re-analyzed (using higher standards)at ALS Chemex Labs and SGS Canada Inc.
These samples are from two areas of REE bearingmineralization occurring in the East Glacier Zone (e.g. rock chip sampleCOPE10AR-20) and the Marble Breccia Ridge Zone (e.g. rock chip sampleCOPE10AR-22). The rock chip sample for AR22 was taken over an intervalof 70 cm in length. The East Glacier and Marble Breccia Ridge Zones areabout 600 meters apart, but they occur on the same stratigraphic horizonand may be part of an extensive REE bearing mineral zone which trendsunder the glacier. A power point presentation can be found at www.torchriver.ca
AR20 contains over 13% Cerium (Ce) and therock chip sample was taken over a length of 18 cm. Cerium is used inpigments, catalytic converters and in the polishing of opticalcomponents amongst other varied uses.
AR20 also contains over 10% Lanthanum (La)which is used as a catalyst for cracking oil and also in batterieswhere, for example, each Toyota Prius contains 20 to 40 pounds ofLanthanum.
Management is very encouraged by results of rock and soilsamples containing elevated REE's on Mt Copeland where total REEs onAR20 were 26.13% and AR22 were 4.13% (the approximate oxide percentageswould be 30.5% and 4.8% respectively). The company is planning adrilling and trenching program which will focus on exploration anddevelopment targeting REE's, Nb, Y, Zr, Ti, and Mo bearing mineralzones. Soil/rock chip sampling and interpretation of data for TorchRiver Resources was carried out under the supervision of Andris Kikauka,P. Geo., a Qualified Person with respect to National Instrument 43-101and who has also reviewed this release.
Forward Looking Information
This press release may contain forward-looking statementswhich may include estimates, plans, expectations, opinions, forecasts,projections, guidance or other statements that are not statements offact, including without limiting the generality of the foregoing,statements made regarding the Omineca Property. Although Torch believesthat the expectations reflected in such forward-looking statements arereasonable, it cannot give any assurance that such expectations willprove to be correct. Results of Torch including its ability to mobilizeand drill on schedule may be affected by a variety of variables andrisks associated with the mining industry such as availability of humanand capital resources, competition, exploration and development plansand results, anticipated capital expenditures and financing thereof,timing of applications and approvals. As such the future plans andobjectives of Torch are forward-looking statements that involve risksand uncertainties and may be based on assumptions that could causeactual results to differ materially from those anticipated or implied insuch statements. Torch's forward-looking statements are expresslyqualified in their entirety by this cautionary statement. Unlessotherwise required by applicable securities laws, Torch does not intendnor does it undertake any obligation to update or review anyforward-looking statements to reflect subsequent information , events,results or circumstances or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider(as that term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of this release.