Inmet Mining options Rimfire Minerals' Grizzly Copper-Gold Project

On June 11, 2008, Rimfire Minerals Corporation reported that Rimfire and Inmet Mining Corporation had signed a formal option agreement granting Inmet an option to explore the Grizzly Property in northwestern British Columbia. Under the terms of the agreement, Inmet Mining may earn up to a 60% interest by funding at least $5 million in exploration at the Grizzly over four years, including $800,000 in the first year. Inmet Mining Corporation will make staged cash payments totalling $250,000 over the earn-in period, with $50,000 having been already been paid upon signing the letter of intent on January 31. Inmet was advised in this matter by Andrew Gabrielson is of Fasken Martineau.