Torque Energy Reports Third Quarter Financial Results

   Torque Energy Inc. (TSX VENTURE: TQE) ("the Company") today filed with Canadian securities authorities its unaudited financial statements and related Management's Discussion and Analysis for the three and nine month periods ended August 31, 2010.

                                       Period ending August 31, 2010
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Operating
 highlights:                            3 Months                    9 Months
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 Net income         $166,768 or $0.01 per share  $427,867 or $0.03 per share
 Field level cash                                    $1,472,503 or $0.11 per
  flow              $484,442 or $0.04 per share                        share
 Funds flow from
  operations        $337,981 or $0.02 per share  $926,136 or $0.07 per share
 Operating Netbacks              $37.72 per BOE               $39.49 per BOE
 Sales volumes                  140 BOE per day              136 BOE per day

Note: The term BOE may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on a energy equivalency conversion primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

The Company realized a profit of $427,867 on revenues of $2,256,065 for the nine months ended August 31, 2010 compared to a profit of $78,383 on revenues of $2,039,895 for the same nine month period in 2009.

Funds flow from operations improved by 30% and 91% respectively for the three and nine months ended August 31, 2010 compared to the same periods in 2009. This performance continues to allow the Company to internally fund its capital expenditure programs and improve its working capital position and also reduce total bank indebtedness.

The Company experienced reduced sales volumes of approximately 6.4% and 12.1% for the three and nine months ended August 31, 2010 compared to the prior year which is primarily attributed to the Corey East field where two bottom hole pump replacements in late 2008 resulted in flush production in the first half of 2009. All other decreases in volume represent the normal and expected declines or short-term interruptions related to minor workovers and regularly scheduled repairs.

Copies of the filed documents may be accessed electronically through the SEDAR website at www.sedar.com and the Company's website www.torqueenergy.com.

Neither the TSX Venture Exchange nor the investment Industry Regulatory Organization of Canada accepts 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. David C. Nelms Chief Financial Officer 519.433.7710 519.433.7588 (FAX) www.torqueenergy.com