Torch River Resources Ltd'

1
Torch River Resources Ltd.
TSX Venture Symbol TCR

• Red Bird Central Coast of B.C. Canada
• Mt. Copeland Near Revelstoke, B.C.
• Exploring for Moly / Copper / Rhenium

2
Corporate Information

• Address Bankers Hall West Tower
• Suite 1000, 888 - 3rd St S.W
• Calgary, AB. T2P 5C5
• Contacts Tel [phone]
• Fax [phone]
• Website www.torchriver.ca
• Email torchriver_at_telus.net

3
Management

• Dr. William Pfaffenberger CEO, President and
• 
  Director
  
  
• Donald G. Snyder Chairman
• Barry Pearson CFO
• James G. Louie Director
• Dr. David W. Madill Director
• Consultants and Advisory Team
• J.H. Simpson B.Sc.

4
Capital Structure

• Shares Issued 45,126,177
• Warrants                         
• 
  4,330,000_at_ 0.35, Expire Sept 28 ,2008
• 
  1,375,000_at_ 0.50 to Sept 28 ,2008
• 
  936,666_at_ 0.35 to Dec 29,2008
• 
  1,466,667_at_ 0.18 to Feb 26,2009
• 
  233,333_at_ 0.18 to Feb 26, 2009
• 
  2,500,000_at_ 0.65 to Apr 5, 2009
• 
  250,000_at_ 0.50 to Apr 5, 2009
• 
  549,997_at_ 0.75 to Apr 5, 2008 then
• 
  _at_ 0.95 to Apr 5, 2009
• Options 4,490,000_at_ 0.14 to 0.44
• Fully Diluted 61,257,840

5
Stock Price History

Latest price (April 11, 2008) 0.215
Volume 15,000
6
2007 Purchased Property

• Grouse Mountain Property - Near Houston, B.C.

Widespread precious and base metal mineralization
grading to 4 copper, 312 oz/ton silver and .33
oz/ton gold occurs in a number of veins on the
Grouse Mountain Property. Grouse Mountain is
located in central west British Columbia
approximately midway between Smithers and
Houston. Although as presently defined the veins
are not economic because they are too narrow,
their depth potential and the potential that
mineralization may be part of a larger
mineralizing event, is generally unevaluated.
The Julia Vein has a small adit, from which a
2.72 tonne sample was taken in approximately 1939
and which produced 12,548 grams (403 ounces) of
silver and 85.3 kgs (3.14) copper. Torch River
carried out a program of ground geophysics, in
addition to soil and rock chip sampling on the
Grouse Mountain property in the summer of 2007.
7
2008 Optioned Property

• Mt. Copeland Past Producing High Grade Molybdenum
  Property
• The Mount Copeland deposit lies within
  metamorphic rocks flanking the southern margin of
  Frenchman Cap Dome, 32 kilometers northwest of
  Revelstoke, British Columbia. The rocks have been
  metamorphosed and subjected to three phases of
  deformation. Lenses of syenite pegmatite and
  syenite aplite are common along the northern
  border of the nepheline syenite unit, and because
  of their concentrations of molybdenite, are the
  focus of economic interest. During the life of
  the Mount Copeland mine (1970-1974) almost all
  production was from these aplite-pegmatite bodies
  within the syenite gneisses, more specifically
  the Glacier zone, which was up to 3 meters thick
  and exposed for 121 meters along a strike length
  of over 1 kilometer. The object of Torch River
  Resources exploration efforts will be to attempt
  to find a repeat of the Glacier zone, which
  produced 163,278 tonnes from ore grading 1.1
  percent molybdenum. Torch River has planned a
  560,000, 2200 meter diamond-bit drill program on
  Mt. Copeland for the summer of 2008.

8
Drilling at Red Bird - 2007

Above is a picture of the second hole drilled on
the Red Bird Molybdenum/ Rhenium/ Copper property
in July 2007. You can observe the molybdenum
mineralization in the core boxes in the
foreground. A total of seven holes were drilled
from this site and another three holes were
drilled from a site above this one, both in the
canyon located to the west of the main ore
zone. A total of 2800 meters of diamond-bit
drilling was carried out in 2007. Torch River
has a 1,700,000, 6800 meter diamond-bit drill
program planned for the summer of 2008.
9
Red Bird Location
The Red Bird Property is located within the
Skeena Mining Division, central coastal region
of British Columbia, 100 kilometres north of the
town of Bella Coola and 140 kilometres southwest
of Houston, British Columbia.
10
Reb Bird Property Access

• Access to the property is by air (float plane in
  June-October) and by helicopter in winter from
  the south via Nimpo Lake and Bella Coola, from
  the north via Burns Lake or Houston.
• In 1966, a 14 kilometre access road was built by
  Phelps Dodge which connects to Eutsuk Lake via
  the Bone Creek valley. At the same time, an
  airstrip was built near Eutsuk Lake and a barge
  was used to haul equipment and supplies from a
  logging road that connects to Vanderhoof or
  Quesnel.
• A route is being evaluated via the Kimsquit
  River valley to the Dean Channel (45 km) for
  access to tidewater which does not involve
  crossing parks or designated environment
  conservancy areas.

11
A Closer Look at the Location
12
Visual Site Overview
2007 Drilling
Main Zone
S.E. Zone
S.W. Zone
Main Camp
13
2006 3D Isometric Plot with Overlay
View 60 degrees N.N.E. positioned against area
topography (previous slide).
14
2008 3D Isometric Plot
View 60 degrees N.N.E. see (previous slide).
15
Red Bird Property History

• In 1959 Phelps Dodge mining began conducting an
  exploration program on the property which lasted
  nine years.
• Phelps Dodges program was comprised of extensive
  diamond drill testing where a significant
  resource of molybdenum mineralization was
  identified. The property remained in inventory of
  Phelps Dodge with limited work over the years
  subsequent to 1968.
• In 1979 Craigmont Mining, a subsidiary of Placer
  Dome Mining, optioned the Red Bird / Torch River
  Property from Phelps Dodge and over the next year
  performed follow-up drill testing which confirmed
  Phelps Dodges original results.
• A combined total of 133 diamond drill test holes
  were completed by both companies on the Red Bird
  Property.

16
Recent Property History

• In 2005 Torch River Resources Ltd. performed a
  follow-up due diligence geological program which
  confirmed the previous results obtained by Phelps
  Dodge and Craigmont Mining. Torch correlated all
  the then existing results and produced in 2006 an
  N.I. 43-101 report outlining this projects
  existing mineral estimates as well as
  recommendations for exploring for additional
  mineral estimates.

17
Recent Property History

• In 2006 Torch carried out 1900 meters of core
  diamond-bit drilling in seven holes. In 2007
  Torch carried out a 2800 meter program. The
  results of the 2006 and the 2007 programs were
  covered in an updated N.I. 43-101 report in
  January of 2008 which increased previously
  reported contained molybdenum by 80. The total
  indicated is now 88.2 million tonnes and total
  inferred is 63.4 million tonnes. This calculates
  to 118 million pounds of indicated and 78.6
  million pounds of inferred. Molybdenum is
  presently valued at 33 per pound.

18
Recent Property History

• In 2007 Torch River Resources Ltd carried out
  2,800 meters of core diamond-bit drilling in 10
  holes. This program was targeted on the western
  extension to the orebody and is in an area
  identified by sampling and geophysics carried out
  by our geologist in 2006 and located where no
  previous drilling had been carried out by
  previous operators.

19
The Cores for Red Bird Property - 2005
101,000 feet of drill core (133 drill holes)
currently situated on site of which 70 drill
holes have been re-sampled to confirm the
historical values.
20
The Cores for Red Bird Property
Don Davidson inspecting core at the Red Bird
Property in 2007.
21
2005 Claim Location Map
22
Regional Geology
23
Red Bird Property Geology
The Red Bird Property features an Eocene age,
porphyritic quartz monzonite stock which forms an
irregular, elliptical cylinder with a
semi-circular concentric ring-dyke around its
northern circumference. The stock is about 4,000
ft (1,219 m) wide and 5,000 ft (1,524 m) long. At
the stocks wider north end, the porphyritic
quartz monzonite encloses a large screen (or roof
pendant) of altered volcanic rocks. The stock is
hosted in Hazelton Group pyroclastic rocks, which
occur along the north limb of a northwest
trending open anticline fold axis. (J.M. Carr,
Report Minister of Mines, 1964). Mineralization
in the stock is located at approximately 1,150m
(3,772 ft) to 1,800m (5,904 ft) elevation.
Alteration (including sericite, K-spar, silica,
calcite, kaolinite various hydrated clay
minerals and/or poorly ordered micas) and
mineralization (molybdenite, chalcopyrite,
bornite, pyrite) occurs in a concentric pattern
within the pluton. Silica is pervasive as early
and late barren veins as well as a complex series
of cross-cutting and stockwork style of
productive veins. Later-state barren quartz veins
are cut by productive pyrite veins
24
First 3 Zones of Interest
25
About the 3 Zones of Interest

• The Red Bird claims feature a quartz monzonite
  porphyry forming the shape of an irregular
  elliptical cylinder with a semi-circle concentric
  ring-dyke around the northern circumference.
• The following lithologies are present on the Red
  Bird claim EOCENE, Nanika Plutonic Suite, quartz
  monzonite, accessory minerals include apatite
  (coarse grain), rutile, sphene, aplite,
  diorite, and quartz-feldspar porphyry. LOWER
  JURASSIC Hazelton Group, Telkwa Formation,
  intermediate-felsic tuffs/flows, characterized by
  induration, hornfels with abundant secondary
  biotite, chert, rhyolite (usually occur as
  tabular, sub-vertical dyke), agglomerate,
  breccia, hornfels, argillite.
• Zones of molybdenite-bearing mineralization are
  concentric and are contained within a peripheral
  ring of the main mass of the pluton, but
  extending a variable amount into the walls.
  Beyond the ore zones most veins are barren quartz
  with some scattered pyrite and a few quartz veins
  contain minor molybdenite, as well as galena,
  sphalerite, pyrite, fluorite and calcite. In the
  ore zone, barren quartz veins predate mineralized
  veins and 3 stages of barren quartz veins are
  recognizable.
• Three stages of quartz-molybdenite-pyrite are
  likely, with banded and drusy textures being the
  most likely to occur. In general drusy may be
  younger and both drusy and banded quartz veins
  may be cut by late barren quartz with minor
  pyrite.

26
2006 3D Isometric Plot

• 3D isometric plot showing geological
  mineralization
• View 180 degrees showing Drill hole
  intersections.

27
Historical Resource Estimates and Feasibility

• Craigmont Mines Ltd. Red Bird Property,
  Historical Mineral Estimates by Farnsworth and
  Vollo (Craigmont Mining) 1980 - 1981 Feasibility
  Study

From these historical results it was determined
that a mineral estimate of 81 million tons of
molybdenum ore, at a grade of 0.118 / tonne MoS2
or approximately 2.59 lbs / tonne exists on the
property. This was calculated by Farnsworth in
1981, excluding the Main UG using a cut-off value
of 0.05 MoS2. (to convert to Mo multiply by 0.6
which gives 0.07 Mo)
28
Recent Preliminary Resource Calculation Report

• Reserves have been classified by Giroux
  Consultants Ltd as 88.21 million tonnes indicated
  and 63.39 million tonnes inferred. The total
  151.6 million tonnes have an average grade of
  0.06 Mo at a 0.03 cutoff with 0.068 Cu.
• Further infill drilling was recommended between
  existing Craigmont and Phelps Dodge holes to
  bring more of this resource to a measured and
  indicated status.
• Torch mentions that previous owners of the
  property did not analyze for copper, silver or
  rhenium and that there appears to be a large
  copper zone adjacent to the upper molybdenum
  zone.
• Torch also mentions that assaying cores for
  rhenium has given averages of .635 grams/ tonne
  from 10 samples in its 2005 program and .106
  grams/tonne from 137 samples in its 2006 program
  on Red Bird.

29
Why the Red Bird Project Now?

• In the 1980s, the low world prices for
  molybdenum precluded further work by Craigmont
  Mining and they let their option with Phelps
  Dodge lapse. Phelps Dodge Mining then divested
  much of their Canadian mining interests and the
  Red Bird Property reverted back to crown land.
• When Craigmont Mining prepared its resource
  calculation on the Red Bird Property, molybdenum
  was trading for approximately 8 US / pound.
• The price of molybdenum is now in the range of
  33 to 35 US per pound.
• The price of rhenium is now 188 US per gram in
  its pure form.

30
Structural Similarities to the Henderson Project
31
Similarities to the Henderson Project

• The Henderson mine, located near Empire,
  Colorado, owned by Climax Molybdenum
  Company, a subsidiary of Phelps Dodge Corporation
  with corporate headquarters in Phoenix, Arizona.
• The Henderson deposit is composed of three
  partially overlapping ore bodies that lie 1,080 m
  (3550 ft) beneath the summit of Red Mountain. The
  ore bodies are entirely within a Tertiary
  rhyolite porphyry intrusive complex that has
  intruded the Precambrian Silver Plume granite.
  The deposit is elliptical in plan, with overall
  dimensions of 670 m by 910 m (2200 ft by 3000
  ft), with an average thickness of 185 m (600 ft).
  
• The mineralization is relatively continuous in
  the ore bodies and consists of molybdenite and
  quartz in random intersecting closely spaced
  veinlets. The mine is currently producing about
  30,000 tons of raw ore per day. It is estimated
  that the mine has adequate reserves for about
  fifteen more years of production.
• Henderson is the second largest mine known
  Climax Type mine with combined production and
  reserves of 437 MT of ore at an average grade of
  0.23 Mo (cut-off grade 0.12 Mo).

32
Uses for Molybdenum

• Used mainly as an alloying agent in steel, cast
  iron super alloys to enhance hardness,
  strength, weld ability, temperature strength,
  toughness wear corrosion resistance.
• Used chemical applications, including catalysts,
  lubricants and pigments.

33
Molybdenum Primary Uses
34
Molybdenum Steel End Uses

• High Strength Low Alloys Steels - HSLA
• Gas Pipelines in Artic conditions.
• Automotive Structural Parts.
• Corrosion Resistance Chlorides - 316/317
  Stainless
• Architectural applications in coastal areas
  areas of high urban or industrial pollution.
• Chemical Process Equipment.
• Duplex Stainless Steel
• Sulfur Scrubber Towers, Brewery Piping systems,
  Pollution control Equipment.
• High Temperature Steels - Cr-Mo Steels
• Oil Refineries, Power Plants, Petro Chemical
  Plants, Petroleum Gas Tanks.
• Tool High Speed Steels - M-2, M-7
• Cutting tools, Drills, Gear Cutters, Saw Blades.
• Cast Irons
• Large gears, crankshafts for power generation,
  ship propulsion, large mining equipment.
• Ideal for severe abrasive conditions, such as
  mining, milling and crushing.

35
Molybdenum Mine Production by Country
(2007 mine production 420 million lbs) (world
Mo reserves 12 million tonnes)
36
Molybdenum Demand
37
Molybdenum Price
Moly Has Out Performed Most Metals in the Last 4
Years.
Molybdenum Price
38
Rising Price and Decreased Supply of Molybdenum

• Demand for the metal from China has increased
  substantially in recent years due to
  infrastructure building and manufacturing plant
  construction (increasing demand is not expected
  to change over the next 4 years or more).
• Demand from the oil gas sector world-wide is
  projected to remain strong for drill stems and
  off-shore platforms.
• Western world molybdenum roasting is at capacity.
• Substitution for molybdenum by other metals is
  nearly economically impossible.
• Increased new uses of molybdenum in various
  industries continue to be developed.
• Demand is widely forecast to continue to grow in
  conjunction with emerging economies.

39
Facts About Rhenium (Re)

• The commercial form of rhenium is a powder
  (silvery white with a metallic luster). If
  consolidated by pressing and resistance sintering
  in a vacuum or hydrogen atmosphere it will
  produce a compact shape in excess of 90 of the
  density of the metal. Annealed rhenium is very
  ductile, and can be bent, coiled, or rolled.
• Rhenium density (21.04g/cc) is exceeded only by
  that of platinum, iridium, and osmium, and its
  melting point (3,180) is exceeded only by that
  of tungsten and carbon.
• Valuable material due to high-temperature
  strength, low friction, ductility and other
  rather unique properties make it the material of
  choice for many critical applications.
• Used not only as a trace alloying agent but as an
  additive to tungsten and molybdenum-based alloys
  to impart useful properties. It is widely used
  for filaments for mass spectrographs and ion
  gages, as an electrical contact material as it
  has good wear resistance and withstands arc
  corrosion. Thermocouples made of Re-W are used
  for measuring temperatures up to 2200C, and
  rhenium wire is used in photoflash lamps for
  photography. Rhenium and rhenium alloys offer
  attractive high-temperature properties for use in
  aerospace application. Rhenium-molybdenum alloys
  are super conductive at 10 K. Rhenium catalysts
  are exceptionally resistant to poisoning from
  nitrogen, sulfur, and phosphorus, and are used
  for hydrogenation of fine chemicals.
• Rhenium is quite expensive and currently costs
  about 188/gram (US).

40
Schedule

• The 2007 Work Program consisted of 9000 feet of
  new core drilling in ten holes on the Red Bird
  Property. The site plan and results of that
  drilling are available for viewing on our
  web-site
• www.torchriver.ca
• For 2008, a program has been recommended by our
  geologist for Red Bird. A 21,000 foot diamond
  drilling program is planned on Red Bird and
  should end by late September 2008.
• For 2008, a program has been recommended by our
  geologist for Mt. Copeland. A 14 hole, 8000 foot
  diamond drilling program is planned on Mt.
  Copeland and should
• end by mid September 2008.

41
Red Bird Property Photos
42
Red Bird Property Photos
43
Mt Copeland Photos
44
Summary

• The Red Bird Property hosts a potential resource
  of molybdenum, copper as well as rhenium. The
  market demand for molybdenum is increasing. Torch
  River is poised to capitalize on this demand by
  expanding on its historical resource of
  molybdenum.
• Torch will attempt to find an extension to the
  historical reserves which were mined at Mt.
  Copeland. If they are found, Mt. Copeland could
  be placed into production at reasonable costs in
  the next three years using a small mines permit.
• Torch River Resources will be using the
  feasibility study which was previously prepared
  for Craigmont Mining which indicated that an
  economical molybdenum resource existed on the
  property considering market conditions of that
  time. Management believes that the current
  resource will be further extended through its
  efforts resulting in the property becoming an
  economic mining operation sometime in the future.
  
• The End
• FORWARD-LOOKING STATEMENTSExcept for statements
  of historical fact, all statements in this Power
  Point Presentation - including, without
  limitation, statements regarding forecasts, plans
  and objectives of Torch River Resources Inc. -
  are forward-looking statements that involve
  various risks and uncertainties. Although the
  Company believes that the assumptions upon which
  its forward-looking statements are based are
  reasonable, it can give no assurance that these
  assumptions will prove to be correct. Important
  factors that could cause actual results to differ
  materially from the Company's projections and
  expectations are disclosed in the Company's
  filings with the Securities and Exchange
  Commission. The TSX Venture Exchange does not
  accept responsibility for the adequacy or
  accuracy of this Presentation. THIS IS NOT A
  RECOMMENDATION TO BUY OR SELL ANY SECURITY!

45
References

• Breitsprecher, K and Mortensen, J.K., B.C.
  BCAge-2004A A database of isotopic age
  determinations for rock units in B.C., Ministry
  of Energy and Mines Open file 2004-3.
• Carter, N.C., 1981, Porphyry Copper and
  Molybdenum Deposits, West Central B.C.,B.C.
  Ministry of Energy, Mines and Petroleum
  Resources, Bulletin 64, pp 132-133
• Clark, K.J., 1972, Stockwork Molybdenum Deposits
  in the Western Cordillera of North America, Econ.
  Geol. Volume 67, pp. 731-758
• Craigmont Mines Ltd., 1980, Annual Report, Grade
  and Tonnage Estimates for Red Bird
• Porphyry Molybdenum Deposit.
• Farnsworth, D.J.M. 1981, Preliminary Economic
  Appraisal 93E/6 Redbird Molybdenum Deposit, Haven
  Lake, B.C., for Craigmont Mines Limited,
  Craigmont Mines Limited unpublished report.
• Kikauka, A. A., 2004, Geological, Geochemical and
  Petrographic Report on the Red Bird Claim, Red
  Bird Porphyry Molybdenum Deposit formerly known
  as CAFB, Old Glory, Haven Lake, B.C., Fundamental
  Resource Corporation, unpublished company report.
• King, J.A., 1980. Redbird Property, Report No. 1,
  Preliminary Flotation Testwork, Placer
  Development Limited, Metallurgical Research
  Centre.

• Massey, N.W.D., MacIntyre, D.G. and Desjardins,
  P.J., 2003 Digital Geology Map of
• British Columbia Tile NN9 North Coast, B.C.
  Ministry of Energy and Mines,Geofile 2003-13,
  scale 1250,000.
• Murphy, J.D. and Vollo, N.B. 1979, Craigmont
  Mines Limited 93E/6 Redbird Molybdenum Diamond
  Drill Logs 79-73 to 79-107.
• Murphy, J.D. and Vollo, N.B. 1980, Craigmont
  Mines Limited 93E/6 Redbird Molybdenum Diamond
  Drill Logs 80-108 to 80-131.
• Sinclair, W.D., 1995, Porphyry Mo (Low-F-Type) in
  Selected British Columbia Mineral Deposit
  Profiles, Volume 1 Metallics and Coal,
  Lefebure, D.V. and Ray, G.E., Editors, British
  Columbia Ministry of Employment and Investment,
  Open File 1995-20, pp. 93-96.
• Sutherland-Brown, A., 1972, Red Bird Prospect, 24
  th Intl. Geol. Congress Guidebook, Field
  excursions, pp. 24-26.- 30 -.- 31 -