Rimrock Gold Corp (RMRK)

[Dobie Lama]

TUCA got a free aerial survey from the Gov of Quebec.

Tax Measures Contained
in Federal Budget 2010Extending the Mineral Exploration Tax Credit
The temporary 15-per-cent mineral exploration tax credit helps companies raise capital for mining exploration by providing an incentive to individuals who invest in flow-through shares issued to finance exploration. In light of global financial conditions and the important role of the mining sector in Canada, Budget 2010 proposes to extend the credit for an additional year, until March 31, 2011. Moreover, through the one-year "look-back" rule, funds raised with the benefit of the credit in 2011, for example, can be spent on eligible exploration activity until the end of 2012. By assisting companies' efforts to undertake important exploration programs, extending the credit will also facilitate adjustment to new commodity price conditions.

It is estimated that the net cost of this extension will be $65 million over the next two fiscal years.