NEWS RELEASE

RE-PRICING OF WARRANTS

July 3, 2007:  Kettle River Resources Ltd. (the “Company”) announces 1,530,000 warrants expiring December 4, 2007 have been re-priced to $0.25.  All warrant holders have been contacted and approvals received.  The warrants relate to the financing which closed Dec 4, 2005 (NR Dec 5, 2005). They were originally granted for a one year period to expire Dec 5, 2006 priced at $0.75. The expiry was extended an additional year (TSX-Venture Bulletin Nov 7, 2006) to Dec. 4, 2007.  Related Finders’ Fee 46,000 warrants were not eligible for extension or re-pricing and have expired.

The closing price on submission date (April 23, 2007) for TSX Venture Exchange approval was $0.22.  No insiders participated in the financing.

ON BEHALF OF THE BOARD

“signed”

 Ellen Clements,

Director, President & CEO