TORCH RIVER CLOSES PRIVATE PLACEMENT

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Torch River Resources Ltd. (“Torch” or the “Corporation”) (TSX-V: TCR) (FRANKFURT: WNF) (U.S. pink sheets: TORVF) announces that today it closed the non-brokered private placement announced November 30, 2011. Torch will
issue 3,100,000 units (the “Units”) at a price of $0.05 per Unit for gross proceeds of $155,000. Each Unit consists of one (1) common share in the capital of the Corporation and one common share purchase warrant (a common share
purchase warrant a “Warrant”). Each Warrant entitles the holder to purchase one Common Share of the Corporation at an exercise price of $0.10 for a period of twenty-four (24) months from the closing of the Offering. Insiders of the Corporation subscribed for over 30% of the placement.

The common shares and warrants have a four month hold period from the closing date of the Offering. The proceeds of the private placement will be used as working capital to fund the continued work program on the
mineral properties held by Torch.