Rimfire eNews - Kiska Metals Corporation

eNEWS
DECEMBER 2007
700
The content of eNews is for informational purposes only. It does not include material information that has not been published in previous RFM news releases.
Message from Jason Weber
As 2007 draws to a close, I want to take this opportunity on behalf of
Rimfire staff to thank our shareholders for their loyalty and support. I would
also like to thank our business and exploration partners for their efforts in
helping Rimfire to move towards our goal of discovery. This has been a
busy year: we set a new record for active projects (13) and drilling (5); our
total exploration budget exceeded $10 million (85% funded by partners).
This bodes well for 2008, with drilling likely to continue at many of our
2007 targeted properties. These plans will be solidified in the New Year
once final results have been received and compiled from the outstanding
projects - Wernecke Breccias, Goodpaster, Tide and Jake. We are pleased
to add two new drill-ready projects in British Columbia: the Grizzly goldcopper
porphyry; and the Williams high grade gold and copper-gold
porphyry targets optioned to Arcus Development Group, who recently
completed their IPO.
While 2008 promises to be another strong year, we are also focusing on
bringing new projects to the table for future years to maximize our goal of
discovery. It is for this reason we made changes to our senior
management team earlier this month. David Caulfield, now Chairman and
Director of Business Development, will spend his time identifying new
opportunities for Rimfire's exploration portfolio through acquisitions and/or
partnerships. As the newly appointed President and CEO, my focus will be
on effectively marketing the company and getting our story to the investors.
It is a testament to the foresight and acumen of Rimfire's founders, David
Caulfield and Henry Awmack, that our evolving management needs are
being met through the skill set and experience of our existing team.
UPCOMING TRADESHOWS & CONFERENCES
Market Morning, BNN
Jason Weber will be joining Pat Bolland to discuss the
"Graying of the Mining Industry."
Date: December 27, 2007 - 7:30 am PST
Vancouver Resource Investment
Conference
Date: January 20-21, 2008
Location: Vancouver Convention & Exhibition Centre
Roundup 2008
Date: January 28 to January 31, 2008
Locations: The Westin Bayshore, Vancouver
Moneytalks World Outlook
Financial Conference
Date: February 1-2, 2008
Location: The Westin Bayshore, Vancouver
PDAC 2008
Date: March 2-5 2008, Toronto
Location: Metro Toronto Convention Centre -
South Building
If you have questions or would like a more detailed update, I encourage
you to contact me directly.
I wish you a joyous holiday and a happy, prosperous 2008!
Jason Weber, P.Geo.,
President and CEO
- 700 West Pender Street
Vancouver, BC, Canada V6C 1G8
T: 604.669.6660 rimfire.bc.ca
TSX:V RFM

eNEWS DECEMBER 2007 SPOTLIGHT
INDUSTRY NEWS
The Halt at Galore Creek - What does it mean for
exploration in BC
The Galore Creek copper-gold-silver project in northwestern British Columbia is
considered by many in the industry to be the most promising mine development in a
generation. Its rich, world class resource was projected to provide 1,000 jobs during a
four-year construction phase, and 500 full-time mining jobs lasting at least 20 years. It
also set a new standard of community relations between NovaGold and the Tahltan
First Nation forging a strong and unique relationship in support of the mine.
The decision by Teck Cominco and NovaGold to suspend the project and review the
entire mine plan due to rapidly escalating construction and material costs and a high
Canadian dollar rocked the industry. While this is a senior mine development issue, it
begs the question - how will this decision impact a junior like Rimfire Minerals and its
BC-based grassroots exploration projects
Perhaps the best answer comes from Teck Cominco CEO, Don Lindsay, who remains
convinced the mine will be eventually built. "You have to put it in context. In the last
three or four years, the industry hasn't really discovered another Galore Creek, so this
resource is valuable and we want to hang on to our share of it and I know NovaGold
does too, because we believe it will be developed."
Lui, Dan B.Sc., M.Sc.
Project Geologist
As a project geologist, Dan
assists Rimfire's exploration
team in conceiving and
developing exploration
ideas, as well as planning and running exploration projects
in the field. Dan holds a B.Sc. in Geology from the
University of British Columbia and M.Sc. from University
of Western Ontario and has worked as a geologist in
British Columbia, Nunavut, and Eastern Europe. Dan's
keen interest in geology is based on his love of nature and
the outdoors. He has been an avid North Vancouver freeriding
mountain biker since the age 13 and still finds it to
be "the best therapy a person can get."
Drilling at the Jake
The important thing for investors to note is that the value of the deposit is not the issue
- and the demand for new deposits continues to rise. New discoveries will become
even more valuable in a market of rising demand and falling supply, especially as the
economics of many known reserves, like Galore Creek, remain challenging. Rimfire's
ability to develop new, large-scale mineral targets and exploration models meets an
ever growing need within the industry. Our partners like Newmont, Barrick, Northgate
Minerals and others continue to look to our team for new exploration projects.
BC remains a good place to do exploration for a number of key reasons:
Geology - There is no better place in the world to look for new high-grade metal
deposits than the Cordillera region of North America - the huge spine of mountains,
plateaus and deep valleys that run from Alaska down to Mexico. And there is no area
more likely to yield never-before identified reserves than British Columbia and the
Yukon. Additionally, the BC government’s commitment to build the power
infrastructure needed by Galore Creek and other projects in the Hwy 37 corridor is a
significant advantage to mining and exploration companies.
Geologist Mike Roberts is giving an overview of the property
to Cam Fenn, Rick Bekkering and Scott Boyd.
November 2007 (top).
Government & Jurisdiction - The rule of law, the enforcement of contracts, political
stability and a free market in Canada are all factors that can be under-valued by the
investment market. Security of tenure is absolutely critical for the success of mineral
exploration.
Community support - In BC there is a history of mining in many communities, and a
pre-disposition to the benefits that new mines can bring. The importance of this
welcoming attitude cannot be overstated. In an age of urban-based environmentalism
and opinion making, it is critical to work in areas that are knowledgeable about the
opportunities and challenges of real-world mining and exploration. The success of the
NovaGold and Tahltan relationship re-enforces this situation.
Geologist Jeremy Major is explaining drill-core handling
process and sampling procedures (middle and bottom).
The halt of the Galore Creek project has cast a temporary chill over the mining
industry in BC. Other late-stage development projects will be impacted by many of the
same economic and cost challenges. That being said, the value of these deposits
remains high and the value of newly discovered deposits, such as those Rimfire is
pursuing, will also remain high. Good news for our current and future shareholders.