Kettle River Resources Ltd. Announces Shares for Debt Settlement

October 27, 2006 TSXV –KRR Kettle River Resources Ltd. (the “Company”) wishes to announce that the Company has entered into a settlement of debt in the amount of $81,975 by way of 256,000 shares at a deemed price of $0.32 per common share.

On behalf of the Board of Directors,

“Ellen Clements”

Ellen Elements, Director and President

The TSX Venture Exchange has not reviewed the contents of this news release and does not accept responsibility for adequacy or accuracy of this release.