Torque Energy Inc. is a Canadian based oil and natural gas company focusing on exploration, development and production activity primarily in the province of Ontario and Alberta. The common shares of Torque Energy Inc. trade on the TSX Venture Exchange under the symbol "TQE". Currently the company has 13,837,698 common shares issued and outstanding.

The Company is pursuing a number of exploration and development opportunities in Ontario. Discussions are underway to consider the possibility of future business ventures and acquisitions.

Torque Energy Inc. is currently participating in several project areas. In the Dunwich project area, the Company has completed the shooting of 10.5 kilometres of two-dimension seismic and this data has been processed and interpreted. An exploratory drilling location has been identified and drilling commenced on July 12, 2007. The exploratory well has been drilled showing signs of hydrocarbons however not in commercial quantities. A second exploratory well is planned for the Dunwich prospect and currently the Company is reviewing the technical data obtained from the first well to enhance the target for the second exploratory location.

In the Maidstone area, the Company acquired an 800 acre block of petroleum and natural gas rights and acquired 11 kilometres of trade seismic as it continues to develop this prospect. The Company is currently seeking partners to participate in the drilling of this prospect.

Additionally, new prospect areas within Elgin County, Ontario are currently being developed. The Company has acquired a total of 12,729 acres of petroleum and natural gas rights at 100% working interest over these prospect areas and will continue to develop these projects over the next quarter period.

The Company elected to participate in the completion of an existing well in the Mikwan area of Alberta and the Company is paying 35% of the costs to earn a 25% working interest. The well has been completed for gas production and the Company has been notified that the well will be frac'd after break-up in an attempt to increase the daily gas volumes from the producing horizon. The actual volume of daily production has not been determined at this time however the volume will not significantly affect the Company's current daily production volumes.

All activities will be funded with existing cash flow and the Company continues to develop exploratory plays and prospects in Ontario.