OPTION PRICE AMENDED

May 10, 2007: Kettle River Resources Ltd. (TSX-V: KRR) (the “Company”) announces that the TSX Venture Exchange has conditionally accepted amendments as to the exercise price on 350,000 directors’ incentive stock option agreements dated October 27, 2005. 

The options are exercisable up to October 27, 2010 at a price of $0.25 per share. 

ON BEHALF OF THE BOARD

“signed”

Ellen Clements,

Director

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