CALGARY, ALBERTA--(Marketwire - Jan. 4, 2011) - Torch River Resources Ltd. ("Torch" or the "Corporation")(TSX VENTURE:TCR) (FRANKFURT:WNF) (PINK SHEETS:TORVF) is pleased toannounce receipt of a compilation report on the geochemical, geologicaland petrographic analysis of results for 2010 on its 100% owned MountCopeland mineral tenures comprising 1,703 hectares and located 25 kmnorthwest of Revelstoke, BC. The Mt. Copeland property history includesunderground excavation (1970-73) that produced 169,729 tonnes andrecovered 2,625,046 pounds (1,190,713 kilograms) of molybdenum (Mo). Whenthe Copeland Mine went into production in 1970, development work,diamond drilling, mapping, & sampling indicated there were 163,340tonnes @ 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.
The report entitled "Mt. Copeland Project-Geochemical andPetrology Report" has been filed with the British Columbia MineralTenure Branch in compliance with the filing of work on Mt. Copeland forthe 2010 year.
This new compilation report and a power point presentation can be found at www.torchriver.ca
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.