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In THPW. Big news this morning.....

Thorium Power Ltd. Featured in Newsweek Article
10/23/2006 11:55:00 AM
WASHINGTON, Oct 23, 2006 /PRNewswire-FirstCall via COMTEX/ -- Thorium Power Ltd. ( THPW ) has today announced that the Company has been featured in a Newsweek article ( http://www.msnbc.msn.com/id/15359295/site/newsweek/) released yesterday to the public (The article is dated 10/23/2006). The article consists of an overview of the Company's technology and a question and answer session with Chief Executive Seth Grae.

About Thorium Power Ltd.

Thorium Power Ltd. is involved in the nuclear power sector. Its focus is on technologies and services that will benefit from, and help lead to, expanded use of nuclear power generation. The company has assembled an International Advisory Board comprised of key national and international leaders in the fields of Nuclear Energy, Finance, Government Affairs, Non- proliferation and Diplomacy. Thorium Power Ltd. also has put together a Technical Advisory Board made up of top scientists and practitioners from the world's major nuclear companies. Thorium Power Inc., a wholly owned subsidiary of Thorium Power Ltd., is a leading developer of proliferation resistant nuclear fuel technologies. Thorium Power Inc. designs nuclear fuels, obtains patent protection on these fuels, and coordinates fuel development with commercial entities and governments. The company has been working in Russia with Russian nuclear engineers and scientists for over a decade.

DISCLAIMER

This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are generally, but not always, identified by words such as the following: expects, plans, anticipates, believes, intends, estimates, projects, assumes, potential and similar expressions. Forward-looking statements also include reference to events or conditions that will, would, may, could or should occur. These forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable at the time they are made, are inherently subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, those risks and uncertainties, described in the Company's annual report filed on form 10-KSB for the fiscal year ended June 30, 2006 filed with the Securities and Exchange Commission.

SOURCE Thorium Power Ltd.

Peter Charles of Thorium Power Ltd., [phone], or [e-mail]

http://www.msnbc.msn.com/id/15359295/site/newsweek/


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