TORR Canada Completes Acquisition of Pure Group AS

Montreal, Canada (ots/PRNewswire) - TORR Canada Inc. (TSX: TOR)
("TCI"), dedicated to providing innovative process solutions to the
Oil & Gas industry, today announced the closing of the acquisition of
all the shares of Norwegian-based Pure Group AS, a provider of
leading technologies for oil, gas and water purification.

This acquisition announced on July 30, 2007 will enable TCI to
offer a broader product offering and to access a larger distribution
network. The final purchase price will be paid with CDN$10.5 million
in cash, the issuance of 16,453,971 common shares of TORR, and the
refinancing of an existing loan for approximately CDN$7.5 million.

"This is an important moment for us" said Alain Ferland, President
and Chief Executive Officer of TORR Canada. "We are thrilled by the
growth prospects this acquisition will bring us and look forward to
working as a new and energized team dedicated to provide value to our
customers and shareholders."

In order to refinance the repurchase of the preferred shares of
Pure Group (the existing loan) and to finance current working capital
requirements of the subsidiaries of Pure Group, TCI has secured a new
credit facility with DnB Nor, Norway's largest financial services
group. The new credit facility consists of (i) a five-year senior
acquisition facility in an amount of 45,000,000NOK (approximately
CDN$8,010,000 using the conversion rate of the Bank of Canada quoted
on October 24, 2007) to finance the purchase of the shares and/or the
repurchase of the preferred shares of Pure Group, (ii) a senior
overdraft facility of 30,000,000NOK (approximately CDN$5,340,000
using the same conversion rate) and (iii) a guarantee facility of
15,000,000NOK (representing CDN$2,670,000 using the same conversion
rate).

As previously announced, further to the recent disruption in the
market for asset-backed security investments in Canada, TCI has
approximately CDN$9 million of its liquidities invested in
non-extensible asset-backed commercial paper which has not been
repaid at maturity and currently remains outstanding. In order to
prevent any liquidity concerns, TCI has entered into a new CDN$7.2
million credit facility with National Bank of Canada, with the
asset-backed commercial paper being provided as security.

About TORR Canada Inc.

TCI is dedicated to providing solutions to the oil and gas
industry. TCI designs, develops, manufactures and commercialises
technologies to separate oil, water and gas generated by oil and gas
production. For more information, please visit
http://www.torrcanada.com. TCI recently acquired Pure Group AS of
Norway recently.

Caution concerning forward-looking statements

This press release contains forward-looking statements. Such
statements inherently involve numerous risks and uncertainties.
Actual future results may differ from the anticipated results
expressed in the forward-looking statements contained in this press
release and TCI does not undertake to update this information.
Investors are cautioned against placing undue importance on
forward-looking information contained herein and should consult the
final short form prospectus and the documents incorporated by
reference therein, which contain a more exhaustive analysis of risks
and uncertainties connected to TCI's business.

ots Originaltext: TORR Canada Inc.
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For further information: TORR Canada Inc.: Jacques L. Drouin, Senior
Vice-President & CFO, +1-514-522-5550, ext. 226,
jdrouin@torrcanada.com; The Equicom Group Inc.: Danielle Ste-Marie,
+1-514-844-6064, dste-marie@equicomgroup.com