TQE Torque Energy Com

Torque Energy Inc. (TSX VENTURE:TQE) is pleased to announce the receipt of its
first milestone payment in the amount of $527,450 from Union Gas pursuant to the
definitive Asset Purchase Agreement for the Dover East field natural gas storage
reservoir previously announced on June 21, 2010.


Union Gas has named this first reservoir as the Jacob Storage Pool and is
currently preparing an application to the Ontario Energy Board to have it
designated and approved as a storage area. A decision from the Ontario Energy
Board is anticipated by the end of the third quarter of 2011. Upon approval,
Torque will receive its second milestone payment in the amount of approximately
$560,000 and will have then received milestone payments totalling approximately
$1.3 million.


If the Ontario Energy Board approves all the reservoirs identified in the
Definitive Asset Purchase Agreement as designated storage areas the Company will
receive approximately $3.88 million during the next two to seven years.


Torque continues to execute its strategy of raising internally generated funds
from its existing base of producing assets and assessing the viability of
various depleted assets to function as commercial gas storage reservoirs. The
Company will employ these funds to further reduce debt and supplement the
financing of its future exploration capital budget requirements. As previously
reported Torque has conducted geophysical assessments of new and reprocessed
data that has identified a number of exploration and development opportunities
leading to a modest 3 to 5 well drilling program planned for the third and
fourth quarters of 2011.

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