KETTLE RIVER CLOSES $425,000 PRIVATE PLACEMENT

November 22, 2007:  Kettle River Resources Ltd. (the “Company”) announces it has closed the private placement announced October 5, 2007 and accepted by the TSX Venture Exchange on October 31, 2007. 

The Company has issued a total of 1,860,000 shares and warrants to purchase 930,000 shares all subject to a four month plus one day hold period expiring on March 14, 2008.  Included are 160,000 units to a finder.  The warrants have a two year expiry and are $0.40 per share. They are subject to an accelerated expiry date should the Company shares trade at a value exceeding $0.60 for a period of 20 consecutive days.  Funds of $425,000 realized will be used for working capital and exploration.  There were five placees versus four first announced. 

Contact Larry Widmer (250) 878 5099 or Ellen Clements 1-800 856 3966

On Behalf of the Board,

“Signed”

Ellen Clements, Director

President & CEO