2007-04-24 14:49 ET - News Release

Ms. Ellen Clements reports

PRIVATE PLACEMENT INCREASES TO $1MILLION

Kettle River Resources Ltd. is continuing with the non-brokered private placement first announced in Stockwatch on March 26, 2007, and is increasing the amount to be raised from $800,000 to $1-million with the issuance of five million units. There is no change in the terms with each unit consisting of one common share and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional share of the company for a period of one year from closing at an exercise price of 30 cents per share.

The share price at the close of trading on March 26, 2007, was 20 cents and the closing price on April 23, 2007, was 22 cents.

Proceeds from the placement will be used for meeting DHK Diamonds Inc. cash call contributions where required to the WO joint venture diamond project located in the Northwest Territories and for general corporate funds. The private placement proposed herein is subject to all necessary regulatory approvals.