Fortbridge Media Release

Rimfire Pacific Mining NL [ASX: RIM] - 4000m RC Drill Program to Commence at Sorpresa, Fifield NSW

Rimfire Pacific Mining NL (ASX:RIM) is pleased to advise that a contractor drilling program of approximately 4,000m will be undertaken within the Sorpresa Gold and Silver Project at Fifield NSW, with a focus on discovery extension at Roadside, Original Sorpresa, Join-up and Boundary Gate East (BGE) areas.

The drill program design process was an outcome of the Strategic Workshop review, as outlined below.

The Company looks forward to providing further details on the program shortly.

Strategic Planning Process

DJG and Associates, utilizing their extremely well-credentialed industry skills and experience, facilitated an independent, intensive and comprehensive Strategic Planning Process, as a workshop, that reviewed both corporate and operational priorities over the next 2 to 3 years. The Company explored the multiple commercial and technical pathways that are available to it for further sustainable growth.

Rimfire has provided shareholders with details of the equity based payment for completed consultancy services. The share issue (which was originally estimated on the basis of 4.3 cents per share) was for a fixed number of shares, namely 843,000, resulting in a final equivalent value of AU dollar 15,174 (based on a share price of 1.8 cents).

This remuneration component aligns the advisors with the long-term performance of the Company. Allotment of the total number of new ordinary shares occurs May 15, 2014.

The Company has commenced the implementation of a number of the strategic workshop outcomes as outlined in the ASX announcement Quarterly Activities Report to 31 March 2014.

To view the full announcement and the Appendix 3B, please refer to the attachment.

For further information please contact:

John Kaminsky
Executive Chairman
T 61 3 9620 5866
F 61 3 9620 5822
E
W

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