MONTREAL, QC, Oct. 25 /PRNewswire-FirstCall/ - 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 $10.5 million in cash, the issuance
 of 16,453,971 common shares of TORR, and the refinancing of an existing
 loan for approximately $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 $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 $5,340,000 using the same conversion rate) and (iii) a
 guarantee facility of 15,000,000NOK (representing $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 $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 $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 commercializes technologies to
 separate oil, water and gas generated by oil and gas production. For more
 information, please visit 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.
 
 

SOURCE TORR Canada Inc.