Torch River Closes Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES.


Torch River Resources Ltd. ("Torch" or the "Corporation") (TSX
VENTURE:TCR)(FRANKFURT:WNF)(PINKSHEETS:TORVF) is pleased to announce that it has
closed a private placement financing resulting in aggregate gross proceeds of
approximately $300,000. The private placement consisted of $300,000 principal
amount of a 10% convertible unsecured debenture (the "Debenture"). The Debenture
matures on December 31, 2013 but may, at the option of the Corporation, be
extended to June 30, 2015 provided that, if extended, an additional gross-up
amount of $75,000 shall become due and owing at maturity in addition to the
principal amount of the Debenture plus accrued interest. 


Interest on the Debenture is payable semi-annually and the Debenture may be
converted, in whole or in part, at any time prior to maturity into up to
3,000,000 units at a price of $0.10 per unit. Each unit will consist of one
common share of the Corporation and one common share purchase warrant to acquire
one additional common share of the Corporation at an exercise price of $0.10 per
share at any time prior to the close of business on July 2, 2015. The Debenture
has a four month and one day hold period which shall expire on November 3, 2013.


A finder's fee in the amount of $24,000 together with finder's warrants
exercisable to acquire 240,000 common shares of the Corporation at an exercise
price of $0.10 per share on or before July 2, 2015, was paid to an arm's length
third party of the Corporation that raised the gross proceeds.


The Corporation intends to use the proceeds of the private placement as working
capital to fund the continued development of the Corporation's business. 


ABOUT TORCH RIVER RESOURCES

Torch River Resources is a publicly traded junior mining exploration company
with a number of mining claims. The Mount Copeland molybdenum deposit lies
within metamorphic rocks flanking the southern margin of Frenchman Cap Dome, 32
kilometers northwest of Revelstoke, British Columbia. The Fort-Eden copper
property is comprised of 18 mineral tenures that total 2,828.6 hectares in area.
The mineral claims are located 100 km west of Fort St James, BC. The Red Bird
deposit is comprised of three zones of molybdenum concentration referred to as
the Main, Southeast and Southwest zones within a property totaling 1,836 ha
(4,400 acres) and is located 133 km southwest of Burns Lake and 105 km north of
Bella Coola. 


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.


FORWARD LOOKING STATEMENTS: Certain statements contained in this news release
constitute forward-looking statements. These statements relate to future events.
All statements other than statements of historical fact are forward-looking
statements. The use of the words "expects" and "intend' are intended to identify
forward-looking statements. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or events to
differ materially from those anticipated in such forward-looking statements.
Although the Corporation believes these statements to be reasonable, no
assurance can be given that these expectations will prove to be correct and such
forward-looking statements included in this news release should not be unduly
relied upon. Such statements include the ability of the Corporation to pay
principal and interest on the Debenture when due. The forward-looking statements
contained in this news release represent Torch's expectations as of the date
hereof based on the expectation of having the ability to raise funds, when
required, to pay principal and interest when due, and are subject to change
after such date. Torch disclaims any intention or obligation to update or revise
any forward-looking statements whether as a result of new information, future
events or otherwise, except as may be required by applicable securities
regulations.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Laurie McCarney
Director, Corporate Communications
info@torchriver.ca
(905) 844-1200 ext: 305
Saint Jean Carbon, Inc. (TSXV:TCR)
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