$800,000 NON BROKERED PRIVATE PLACEMENT

March 26, 2007:  Kettle River Resources Ltd.( TSX-V: KRR) (the “Company”) announces that it has entered into a non-brokered private placement raising up to $800,000 CDN at $0.20 issuing up to 4,000,000 units. Each unit will consist 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 $0.30 per share.

Allowable commission may be payable in cash or securities, or a combination of both, in compliance with the guidelines of the TSX Venture Exchange policies.

The share price at the close of trading on March 26, 2007 was $0.20.

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.

On Behalf of the Board,

Ellen Clements,

Director, President & CEO

For further information contact Ellen Clements at 1 800 856- 3966

or Larry Widmer 250 878 5099