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Rick-UK

03/04/10 9:32 AM

#26911 RE: Mr. Zen #26908

I see what you're saying. Re Twi-Lite, I know what you mean, there's so much going on! In fact we own a 100% option on that one now, which doesn't involve shares, but I understand the concept you are explaining.

Kat Exploration Inc. Announces Option Agreement to Purchase 100% of the "Twi-Lite" High Grade Gold Property

Kat has agreed to acquire a 100 percent interest in the Twi-Lite property during a three-year period in consideration of total cash payments of $144,000, which includes a payment of $18,000 on signing $30,000 on first anniversary of the option agreement, $46,000 second anniversary and $50,000 third anniversary. No shares of Kat Exploration are involved in the deal.

http://www.marketwire.com/press-release/Kat-Exploration-Inc-Announces-Option-Agreement-Purchase-100-Twi-Lite-High-Grade-Gold-1093875.htm