September 4, 2007:  Kettle River Resources Ltd. (the “Company”) has entered into a non-brokered private placement, raising up to $400,000 at 20 cents, issuing up to two million units. Each unit will consist of one common share and one half non-transferable share purchase warrant. Each full warrant will entitle the holder to purchase one additional share of the Company for a period of two years from closing at an exercise price of 35 cents per share.

Allowable commission may be payable in compliance with the guidelines of the TSX Venture Exchange policies.

The share price at the close of trading on August 30, 2007 was $0.16.

Proceeds from the placement will be used for meeting DHK Diamonds Inc. contributions to the WO (DO27) NWT diamond project, Greenwood Area (Minnie Moore) exploration and for general corporate funds. The private placement proposed herein is subject to all necessary regulatory approvals.

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

 On Behalf of the Board,

 “Signed”

 Ellen Clements, Director

President & CEO

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