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Rimfire Minerals Corp.

TICKER:  TSX.V: RFM
DESCRIPTION:  Rimfire Minerals Corporation is an aggressive, well-financed mineral exploration company with a portfolio of highly prospective gold and copper properties in western North America and Australia. Rimfire currently has in excess of two years of operating capital, and finances approximately 80% of its exploration through option and joint venture agreements. Current and former partners include AngloGold Ashanti Limited, Barrick Gold Corporation, Newmont Mining Company, Inmet Mining Corporation, Northgate Minerals Corporation, and Jaguar Minerals Limited.
WEBSITE:  http://www.rimfire.ca/s/Home.asp
Annual Report '07

The information below is based on the most recent information we have received from analysts and the companies participating in The Gold Report. We encourage you to visit the company's web site for updates.

The Gold Report "The Gold Report: Dave, Are there any exploration companies that are catching your eye?

DS: Yes, there are a few. The problem with exploration at the moment is cash flow or lack thereof. These companies have no revenues; money is difficult to come by at the moment. They have burn rates. That is why if you are going to buy a smaller junior, you have to look at the producers first. Therefore, I think you have to look at companies who have cash on hand. One such company is Rimfire. In the past they were criticized for being too conservative, much of their budget has their joint venture partners (which include majors) so they will not burn through their cash. They have about .25 in cash on hand, and the stock trades at .15 so you are getting the company at a 40% discount to cash. Basically, you are buying at .60 on the dollar to cash and getting all the properties thrown in for free. Also at their burn rate it will probably take them three years to go through their cash position and by then the credit markets will be back."
- The Gold Report Interview with David Skarica, Addicted to Profits (11/14/08)

The Gold Report "Rimfire is another great company. They’re selling for almost cash too. Same thing. Joint venture model. Very, very smart guys who understand not just geology, but the business of exploration. They’re involved in Western Canada and Australia and a bit in Nevada as well. Actually, I own all three of those you just mentioned—Miranda Gold, Virginia Gold and Rimfire."
- The Gold Report Interview with Brent Cook, Exploration Insights (11/11/08)

The Gold Report "As discussed last time, in selling four gold and resource stocks, we recommend you put the proceeds into other similar stocks, ones with less risk and at better prices. Among those on our list...Rimfire Minerals (RFM, To, 0.18). You should review our comments on these companies if you are not familiar with them...All represent good companies selling at very undervalued levels, and all are strong buys."
- Adrian Day's Global Analyst (10/25/08)

The Gold Report "Among the explorers, we emphasize those with strong balance sheets and low burn rates, and they are, in order of preference, Virginia, Miranda, Almaden, and Rimfire...Rimfire Minerals. Also at C$0.18, it too is selling for less than its cash holdings...But these companies all have strong balance sheets for their needs and all will survive and all are very inexpensive. Such companies would be my preferred holdings in this period of volatility and weak credit markets."
- Adrian Day's Global Analyst (10/17/08)

The Gold Report "Rimfire would be another one. Look at Rimfire, $19 million market cap today, $9 million in cash. Again, difficult to know how a year from now that’s not going to be higher… or at least it’s not going to be significantly lower. And there’s more like that." (9/2/08)
- Adrian Day's Global Analyst,The Gold Report Interview with Adrian Day

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