Torque Energy Files Year End Disclosure Documents

LONDON, ONTARIO, Mar 31 (MARKET WIRE) --
Torque Energy Inc. ("the Company" or "Torque") (TSX VENTURE: TQE) today
filed with Canadian securities authorities its audited consolidated
financial statements and related Management's Discussion and Analysis for
the year ended November 30, 2007 and reports relating to its reserves
data and other oil and gas information as at November 30, 2007.

Financial Results

The Company realized a profit of $369,742 ($0.03 per share) for the year
ended November 30, 2007 compared to a loss of $55,328 ($0.00 per share)
for the year ended November 30, 2006. Oil and gas revenues less royalties
increased to $3,060,387 in 2007 versus $2,940,662 in 2006. The principal
reason for the increase is related to increases in oil price combined
with stable production volumes. The Company averaged 153 BOE (barrels of
oil equivalent) sold per day for the period compared to 152 BOE per day
for the same period in 2006.

During the year ended November 30, 2007, the Company renewed its credit
facility in the amount of $6,100,000. The facility is used for general
corporate purposes including capital expenditures. The facility provides
Torque with a revolving demand loan bearing interest payable monthly at
the bank's prime lending rate plus 1.00%. The bank's prime lending rate
in effect at the date of approval was 6.00%.

The Company's working capital deficiency decreased to $3,980,641 at
November 30, 2007 from $4,648,830 at November 30, 2006. This decrease is
attributed to utilizing cash flow from operations to retire a portion of
bank debt during the period.

The Company averaged $54.86 of revenue (net of royalties) per BOE sold in
the year ending November 30, 2007 compared to $52.94 per BOE in the
previous year.

Oil & Gas Reserves

VON Resource Management Ltd. of Calgary, Alberta, the Company's
independent petroleum consultants, prepared a report dated March 10, 2008
in which VON evaluated the quantity of estimated future cash flow of the
Company's total estimated proved and probable Canadian reserves as at
November 30, 2007 pursuant to National Instrument 51-101 Standards of
Disclosure for Oil & Gas Activities.

The Company's estimated gross proved reserves at November 30, 2007 were
727 MBOE (compared to 632 MBOE at November 30, 2006). The increase of 15%
is due to positive revisions of 151 MBOE based on well performance taken
into account during the decline curve analysis as well as a significant
reduction in the gas shrinkage factor at Dover East, after the
installation of a new Sales Meter by Union Gas. The Company's gross
probable additional reserves of 133 MBOE were also assigned to these
producing properties, for a Proved plus Probable (2P) total of 860 MBOE.

Exploration & Other Activities

The Company is pursuing a number of exploration and development
opportunities in Ontario and Alberta. In the Dunwich, Ontario project
area, the Company has shot 10.5 kilometres of two-dimensional seismic and
the data has been processed and interpreted. An exploratory drilling
location was drilled and abandoned in 2007, but additional seismic will
be shot on the prospect in 2008 to identify another exploration drilling
location.

In the Sombra project area, the Company participated in the drilling of
an exploratory test well under the terms of a Farmout Agreement with
Liberty Oil and Gas Ltd. by paying 40% of the cost to drill, complete and
equip the well. Torque earned a 25% interest in the test well. The
location was defined by a three dimensional seismic program. Drilling was
completed in January 2007 and the well was dry and has been abandoned.

In the Mikwan area of Alberta, the Company participated in the completion
of a well which was originally drilled in 2003. Under the terms of the
farmout agreement, Torque pays 35% of the costs to earn a 25% working
interest. The well was completed in July as a potential coal bed methane
gas well. In February of 2008, Torque elected to participate in the
drilling of two additional wells in this area. Both wells have been
drilled and completed as potential coal bed methane gas wells. It is
anticipated that all three wells will be tied in and producing by August
2008.

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

Discussions are underway to consider the possibility of future business
ventures and acquisitions.

Documents Available on SEDAR

The filed documents may be accessed electronically through the SEDAR
website at www.sedar.com.

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

Contacts:
Torque Energy Inc.
Brian E. Bayley
President and CEO
(604) 689-1428
(604) 681-4692 (FAX)

Torque Energy Inc.
John K. Thomson
General Manager
(519) 433-7710
(519) 433-7588 (FAX)
Website: www.torqueenergy.com

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