Mr. Saf Dhillon reports

TORRENT GOLD INC. ANNOUNCES CLOSING OF $360,000 PRIVATE PLACEMENT OFFERING

Torrent Gold Inc. has closed its previously announced non-brokered private placement, pursuant to which the company issued 2.4 million units of the company at a price of 15 cents per unit for aggregate gross proceeds of $360,000.

Each unit consists of one common share of the company and one common share purchase warrant of the company. Each warrant entitles the holder thereof to acquire one share at any time for a period of 24 months following the closing date of the private placement at a price of 20 cents per share.

All securities issued pursuant to the private placement are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws and such other further restrictions as may apply under foreign securities laws.

It is expected that the net proceeds from the private placement will be primarily used for general working capital purposes.

Saf Dhillon, president, chief executive officer and director of the company, is a related party of the company pursuant to Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) and participated in the private placement. Accordingly, the private placement constitutes a related-party transaction within the meaning of MI 61-101. Pursuant to the private placement, Mr. Dhillon received an aggregate of 250,000 units. The company is relying on the exemptions from the formal valuation requirement under Section 5.5(b) of MI 61-101 and the minority shareholder approval requirement under Section 5.7(a) of MI 61-101, as the fair market value of the units to be issued to the related party does not exceed 25 per cent of the company's market capitalization. The company did not file a material change report in respect of the private placement on SEDAR+ fewer than 21 days prior to closing thereof due to the fact that the company wished to close the private placement as soon as practicable to enable it to continue its business pursuits and reduce its liabilities.

About Torrent Gold Inc.

Torrent Gold is a mineral and natural resources exploration company that leverages its years of combined experience in capital markets and mining for acquisition and exploration during the resource commodity cycles.