TCR Saint Jean Carbon, Inc.

Torch River Resources Ltd. (TSX VENTURE:TCR) (FRANKFURT:WNF) (PINKSHEETS:TORVF)
("Torch" or the "Corporation") announces that it has closed the non-brokered
private placement news released March 27, 2012 with a placement of 400,000
shares (the "Shares") at a price of $0.06 per Share for gross proceeds of
$24,000. This placement (the "Flow-through Shares") comprises one (1)
flow-through common share in the capital of the Corporation issued. Insiders of
the Corporation subscribed for over 25% of the placement.


The common shares will have a four month hold period from the closing date of
the Offering.


The proceeds of the private placement will be used to fund the work program on
the mineral properties held by Torch. The private placement is subject to
receipt of all necessary regulatory approvals.


The Company also announces its decision, after conducting a full due diligence
program, not to pursue the Option on the Driftwood Magnesite Property located in
central British Columbia. The Company had entered into a Letter of Intent on the
Driftwood Magnesite Property announced in a news release March 26, 2012.


Torch is a company listed and trading on the TSX Venture Exchange, symbol: TCR.

Forward Looking Information

This press release may contain forward-looking statements which may include
estimates, plans, expectations, opinions, forecasts, projections, guidance or
other statements that are not statements of fact, including without limiting the
generality of the foregoing, statements made regarding Torch's work programs.
Although Torch believes that the expectations reflected in such forward-looking
statements are reasonable, it cannot give any assurance that such expectations
will prove to be correct. Results of Torch including its ability to mobilize and
drill on schedule may be affected by a variety of variables and risks associated
with the mining industry such as availability of human and capital resources,
competition, exploration and development plans and results, anticipated capital
expenditures and financing thereof, timing of applications and approvals. As
such the future plans and objectives of Torch are forward-looking statements
that involve risks and uncertainties and may be based on assumptions that could
cause actual results to differ materially from those anticipated or implied in
such statements. Torch's forward-looking statements are expressly qualified in
their entirety by this cautionary statement. Unless otherwise required by
applicable securities laws, Torch does not intend nor does it undertake any
obligation to update or review any forward-looking statements to reflect
subsequent information, events, results or circumstances or otherwise.

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