Company Information for Kiska Metals Corporation

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Company Statement

Kiska Metals Corporation is the recent combination of two international mineral exploration companies, both with renowned technical expertise and sizable exploration portfolios. Bringing Rimfire Minerals Corporation and Geoinformatics Exploration together has created a company which enjoys the benefits of ownership of the multi-million oz. Whistler gold deposit, numerous exciting early stage exploration opportunities around the world, and partnerships with some of the world’s largest and most successful gold producers.

The Whistler Project in Alaska covers an area of approx 440km2 within the same geological belt that hosts the world class Pebble copper/gold porphyry deposit and is one of the largest contiguous claim blocks in Alaska controlled by a junior exploration company. The central Whistler Zone is the most advanced prospect within the project area and has a NI43-101 compliant resource of 1.31 and 4.44 million ounces of gold equivalent in the Indicated and Inferred Resource categories respectively.

Current Operations

Goodpaster, Alaska

Highlights

• A New Gold District in North America
• Large, strategically located land position in an emerging gold district.
• Two areas of drilling in previous years returned high grade gold mineralization in narrow, vertical quartz veins, resembling "halo veins" associated with the ore bodies at Pogo.
• Strong partner with the vision and the access to capital to effectively advance the Goodpaster District properties.
• 2007 program included drilling of newly defined and existing gold targets on the properties.

Barmedman, Australia

Testing a Neural Network Target Under Deep Cover

The Lachlan Fold Belt is a significant Cu and Au mining district in New South Wales, Australia, which hosts world-class deposits, such as the Cadia Valley porphyry copper-gold mining complex (28.5 Moz gold and 3.8Mt copper). In this proven mining district, discovery opportunities exist in regions of thick overburden cover that as a consequence are significantly underexplored. A Neural Network study of the Lachlan Fold Belt done by BWG Mining on behalf of Rimfire Minerals, integrated a range of geological, geophysical and other spatial datasets to define areas of high mineral potential, including covered areas. The Barmedman area was ranked highly by this study and the exploration license was subsequently acquired and held 100% by Rimfire.

Lachlan, Australia

Highlights

• Large land position (>900 sq km) in a proven district hosting world-class alkalic porphyry copper-gold deposits such as the Cadia porphyry deposit, a 26.9 million ounce gold resource.
• "Neural Network" targeting system used to identify and acquire targets in an area covering 120,000 sq km.
• Fieldwork, including traditional geochemistry, Mobile Metal Ion geochemistry and ground geophysics was started in the first quarter of 2008. Five of nine licences were investigated, and Induced Polarization (IP) geophysics undertaken on three targets. Work will continue in the third quarter of 2008, with additional geophysics and drilling.

Victoria Gold Fields, Australia

Highlights

• The opportunity to explore a highly productive gold belt in a politically stable jurisdiction. Land position encompasses much of the Stawell Corridor.
• Victoria Goldfields have been a prolific gold producer for the State of Victoria, Australia, accounting for approximately 75% of the total gold production in the state.
• Excellent greenfield exploration opportunities. The exploration model for the corridor has been extensively studied, providing exploration criteria at both the regional and detailed scales. Rimfire will have access to Northgate's Stawell Gold Mine (SGM), which anchors Northgate's position in the 240 kilometre-long belt. This access will help build a better understanding of the geological model and improve Rimfire's exploration effectiveness.
• High quality targets with convincing similarities to SGM exist in the land package being made available to Rimfire. Previous work programs were well designed, identifying numerous targets that have yet to be brought to the drill-ready stage, however, insufficient resources were available to the predecessor company to conduct systematic greenfields exploration of the entire land package.
• The deal is structured similar to other Rimfire/Northgate arrangements in which Rimfire undertakes to advance exploration to the point where drill targets are defined, at which time Northgate can take over funding of exploration, earning a larger percentage in the property for doing so.

Gillis, BC

Gold-Silver Discovery near Merritt, British Columbia

Exploration conducted by Rimfire in the fall 2008 on the Gillis property has resulted in the discovery of precious metal mineralization in an area with no previous MINFILE occurrences and no record of exploration prior to 2005. The exploration work included extensive soil geochemical grid sampling outlining large areas of anomalous gold, silver, arsenic and antimony soil values; the source for most of these anomalies remains to be determined. The strength and extent of the soil geochemical anomalies and the discovery of gold-silver mineralization in three areas despite the challenge of vegetation and shallow overburden cover bodes well for the potential of the property. The property is located 30 km southwest of Merritt, B.C and is accessible by gravel forestry roads.

Jake, BC

Highlights

• High grade gold-bearing quartz veins averaging 11.34 g/t gold in drilling
• Open-ended geophysical targets such as the "Jake Offset", northwest of the Jake Showing, that is known to be associated with gold mineralization.
• Other targets - Regional silt anomalies with geochemical signature similar to those draining the Jake Showing area are present on the property.
• Island Arc will earn a 51% interest in the Jake Property by incurring $1,750,000 in exploration expenditures by March 31, 2010, including IP geophysical surveys possibly followed by drilling in 2008.

Quenel Trough, BC

Copper-Gold Porphyry Targets in British Columbia's Prolific Quesnel Terrane

Rimfire has acquired in excess of 330 square kilometres of claims in the Quesnel Trough, central BC, home to the Mt Milligan and Lorraine deposits, and most recently, Serengeti's Kwanika discovery (328 metres of 0.6% copper and 0.7 g/t gold in drilling).

Rimfire's claims lie within Geoscience British Columbia's (GBC) Quesnellia Exploration Strategy (Quest) study area, in central British Columbia. In 2007, GBC conducted $5.75 million in regional airborne magnetics, EM and gravity geophysical and ground geochemical surveys.

RDN, BC

Barrick's Eskay Creek mine is Canada's highest-grade gold mine and the world's fifth largest silver producer. Production and reserves total 4.0 million oz gold and 153 million oz silver at a grade of 48.4 g/t (1.4 oz/ton) gold and 2221 g/t (63 oz/ton) silver. Most of the ore lies within stratiform lenses of precious metal-rich sulphides and sulphosalts overlying rhyolite domes in a volcanogenic massive sulphide (VMS) setting. Rimfire has no direct or indirect interest in the Eskay Creek Mine.

Tide, BC

Highlights

• Mineralization identified over an area 1.7 x 3.2 kilometres in size.
• Three large soil geochemical anomalies within the mineralized area.
• 36 Zone discovery in 2004 identified 129.4 metres of 1.0 g/t gold. 2005 drilling expanded the area of known mineralization. Drilling at the 36 Zone has tested less than 5% of the gold-arsenic soil anomaly coincident with this mineralization.
• American Creek funded and operated $1.2 million drilling program which was completed in early September of 2007.

Thorn, BC

The exploration target at the Thorn property is a large epithermal alteration system hosting massive pyrite-enargite-tetrahedrite veins.

In general, these deposits consist of a series of structurally-controlled pyrite-enargite-tetrahedrite veins that vary in width from a few centimetres to 20 metres wide. Alteration consists of strong clay and sericite often surrounding a zone of vuggy silica or strong alunite alteration. A well known example of this type of deposit is the El Indio Deposit in Chile. Production and reserves at El Indio total 23.2 million tonnes averaging 4% copper, 6.6 g/t (0.19 oz/ton) gold and 50 g/t (1.4 oz/ton) silver. El Indio also produced 191,000 tonnes of direct shipping ore that averaged 209 g/t (6.1 oz/ton) gold. Rimfire has no direct or indirect interest in the El Indio Deposit.

Williams Gold, BC

Gold Prospect in North-Central British Columbia

The William's Gold Property (formerly the Bill Property) covers two distinct gold-bearing prospects in north-central British Columbia. The T-Bill Target is a 3 sq. km area of carbonate alteration, highly anomalous gold-arsenic soil geochemistry and gold-bearing quartz-sulphide veining. The GIC (formerly Park) prospect, located 3 kilometres to the north, is a little explored 500 x 900 metre gold-copper soil geochemical anomaly centred on a prominent gossan. These two prospects were discovered independently by major companies conducting regional stream-sediment sampling programs in the early 1980's. In the early 1980's, 15 diamond drill holes were completed at the T-Bill prospect, returning intersections such as 2.0 metres of 35.0 g/t gold, and 4.0 metres 11.0 g/t gold, 1.5 metres of 24.7 g/t gold, and 2.0 metres of 24.8 g/t gold.

Poncho, NV

An Alliance with Newmont for Nevada gold exploration

The success of Rimfire's "leveraged exploration" model is dependent upon how well the company can generate new mineral exploration projects. Rimfire continues to identify new avenues to generate exploration targets. An example of this is Rimfire's partnerships with Newmont Mining Company. Rimfire and Newmont are working closely together to define gold exploration targets, with both companies contributing resources and expertise

Boulevard, Yukon

Highlights

• A New Gold Discovery in a placer gold district
• 2008 Discovery of high-grade gold-bearing mineralization
• "Blind" discovery -- mineralization does not outcrop.
• Target - 2.0 by 0.4 km soil geochemical anomaly, open to the southeast.
  In the summer of 2008, Rimfire and Northgate discovered gold mineralization at the Boulevard Property in west-central Yukon Territory. This discovery was made during a trenching program to investigate a 1.2 km by 0.4 km gold-arsenic-antimony soil geochemical anomaly. Gold mineralization was discovered in two trenches (TRBV08-01: 7.04 g/t gold over 6.0 metres). Mineralization does not outcrop and no prior gold showings exist on the Boulevard Property.
  

Wernecke Breccias, Yukon

Highlights

• 23 significant iron-oxide copper-gold (IOCG) +/- uranium, uranium-gold and uranium targets identified.
• Three new uranium targets and one uranium-gold target identified in 2006 including the Thunder Mountain Prospect which returned 99.2 g/t gold, 0.57 % U3O8 and 5.1 g/t silver from a float sample.
• Claim position quadrupled to 2000 claims among 30 individual properties.
• $6 million work program included a 10,000 meter diamond drilling program in 2007

Geographical Spread

United States (Alaska, Nevada),Canada (BC, Yukon) Australia (New South Wales) and Mexico

Board of Directors and Key Management

Management
Jason Weber, P.Geo.	President and CEO
David A. Caulfield, P.Geo.	Chairman and Director of Business Development
Mark E. Baknes, M.Sc., P.Geo.	VP Exploration
Robert A. Duncan, M.Sc.	Manager, Exploration
Dorothy Miller, CGA	Chief Financial Officer
Mike Roberts, Ph.D.	Senior Geologist
Patrick O. Moodie, BA Economics	Manager, Corporate Communications
Wesley A.Hodson, B.Sc., ADP	GIS Specialist/Geologist
Dan Lui, M.Sc.	Project Geologist
Board of Directors
David Caulfield (P.Geo.)	Co-Chairman and Director of Business Development
Jason Weber (P.Geo.)	President, CEO and Director
Rosie Moore	Director
John Kanellitsas	Co-Chairman
Bipin Ghelani	Director
William G. Schur	Director
Mark T. Selby	Director

Company Address 1350-650 West Georgia Street Vancouver, British Columbia, Canada V6B 4N9 Telephone: (604) 669-6660 Facsimile: (604) 669-0898 Email: info[at]kiskametals.com Website: http://www.kiskametals.com

Capital Shares Issued: 47.6 million Fully Diluted: 51.4 million

Annual General Meeting June

Year End January 31

Related News

18/01/10 - Kiska’s Whistler Project in Alaska Appears To Be Attracting The Attention Of Rio Tinto
12/06/09 - Rimfire Minerals And Geoinformatics Are Determined To Generate Real Value For The Whistler Gold-Copper Project In Alaska
21/04/09 - Rimfire Minerals Intends to Court European Investors With Its Exploration Success And Shrewd Business Plan
21/08/08 - Rimfire Straddles The World In Its Quest For New Copper And Gold Deposits
02/01/08 - Canadian Listed Rimfire Minerals Passes The Presidential Torch

Most Recent Statement

09/02/10 - Drilling to Begin in March on Kiska's Whistler Project, Alaska
30/11/09 - Kiska Reports Additional Results from Island Mountain Gold Discovery, Whistler Project, Alaska
03/11/09 - Kiska Metals Announces Option of Uncle Sam Project to Millrock Resources
02/11/09 - Kiska drills 106.9 metres of 1.22 g/t gold at Island Mountain area, Whistler, Alaska
16/09/09 - Kiska Metals Closes Private Placement
14/09/09 - Kiska Metals Corporation: Drilling Commences at Whistler, Alaska