RIMFIRE PACIFIC MINING LIMITED — AGM Information 2012

Nov 21, 2012

rimfire pacific mining nl a.c.n. 006 911 744

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22[nd] November 2012

Australian Securities Exchange Limited Company Announcements Office

Exchange Tower Suite 411 530 Little Collins Street Melbourne Victoria Australia. 3000

Telephone 61 3 9620 5866 Facsimile 61 3 9620 5822 e-mail: rimfire@rimfire.com.au website: www.rimfire.com.au

’ – Chairman s Address Annual General Meeting 22[nd] November 2012

Good morning ladies and gentlemen. It is my pleasure to welcome you, as Executive Chairman of the Company, to the Annual General Meeting for 2012.

During the last 12 months at Fifield NSW, the Company has made further important progress at the Sorpresa fine gold and silver project area. As an exciting greenfields discovery, Sorpresa has quickly become the flagship project for the Company and is being followed closely by many observers.

It is the Company’s genuine belief that the Rift Basin geological setting at the greater Sorpresa area has the potential to yield the discovery of world class deposits and multi-million ounces of gold, leading to a “Company Making” opportunity.

Towards this aim, the Company has achieved some impressive results recently, reporting some of the best gold intersections seen in Australian greenfields exploration in the last 12 months. These results are close to surface and provide an attractive context to potential commercial considerations as further work unfolds.

High grade drill intersections announced since June 2012, have included:

• Fi 160 - Au 14m @ 21.9g/t (incl. 2m @ 87.5g/t Au) from 34m plus Ag 6m @ 94g/t

• Fi 212 - Au 14m @ 24.4g/t (incl. 2m @ 118g/t Au) from 26m plus Ag 26m @ 155g/t  Fi 214 - Ag 24m @ 173g/t from 12m (incl. 2m @ 943g/t Ag AND 2m @ 480g/t Ag )

These results are newsworthy, particularly in difficult economic times, starved of risk capital. The Sorpresa discovery is located within the highly mineralised Lachlan-Cadia Lineament in NSW, creating even greater visibility on the Company’s exploration activities for this already carefully watched corridor.

The Company has now established key milestones in the exploration work conducted at Sorpresa and the surrounding district at Fifield, including:

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• Intersections of high grade gold and silver values , close to surface, indicating these types of grades are most likely not rare occurrences.

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• RC drilling, in 4 zones to date has provided gold intersections greater than 10 gram-meters in approximately 1/3 of the 150 holes drilled to date, demonstrating the growing strength and extent of the system over the drilled strike.

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• Drill intersections are building values towards resource definition , and this delineation drilling will be a continuing major focus at Sorpresa in the coming period. Silver is becoming a dominant mineralised component in parts of Sorpresa, particularly in the Roadside Area.

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• The prospective area now identified at greater Sorpresa has been increased in 12 months from 4km[2] to a current estimate of 8km[2] , and still with considerable room for growth.

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• An evolving coherent “Rift Basin” geological model has been established as a strong foundation to further assist exploration work.

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• A sizeable IP geophysical response has been located going to depth . This may have an important relationship to the known gold and silver mineralisation encountered to date at Sorpresa.

Similar exploration methodology to that used in the discovery process at Sorpresa is being applied within the newly expanded 8km[2] greater Sorpresa area, thus providing opportunity for further discoveries.

Apart from the Sorpresa fine gold prospect, numerous other gold occurrences in the district have been prospected and are now elevated on the Company’s exploration agenda for more detailed assessment. The Head of Exploration, Mr Colin Plumridge, will be focused on this critical “discovery work” using his meticulous forensic approach, that successfully led to the Sorpresa discovery in late 2010.

The exploration team working with Colin continues to demonstrate that the potential for new discoveries at Fifield is significant. The persistence and professionalism of the team is to be congratulated for its advancement of the Sorpresa discovery during 2012 as this firmly lays a foundation for the Company moving into 2013.

Colin in particular, is a rare breed, working exceptionally long hours in the field (60~80 hour weeks are common), dedicated to the task of realising commercial outcomes for shareholders. Years of exploration expertise are applied with great intensity, skill, the necessary discipline and with a touch of humour. So on behalf of all shareholders, I offer my sincere gratitude to Colin for this often lonely pursuit. The Company must ensure Colin has maximum support enabling him to make further discoveries at Fifield.

An exploration presentation will be provided by Colin following this address.

The Company managed its capital requirements well, allowing our important work at Fifield to continue relatively uninterrupted. This was no easy task and should be appreciated. In August and September the Company undertook a placement and a parallel SPP, where both capital raisings were transacted at close to the market price then, namely 3.0 cents per share.

This was considered a brave strategy by some, in difficult equity markets at the time. Despite the general retreat of risk capital in the markets, both share issues were very well supported, exceeding expectations. I would like to congratulate and thank both new and existing shareholders who participated, for their exceptional demonstration of continued support in the quality of exploration programs the Company has been pursuing.

The risks to achieve successful commercial outcomes in exploration are well documented in the industry and this is still a path to be traversed. There is a clear recognition by the Company that the hard work remains to be done, but each level of work conducted by the Company continues to provide encouragement that the prize at Fifield can be extremely large, making the journey worthwhile.

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At this stage, the Company is yet to establish a resource, but we are clearly working towards this goal. Further investment in personnel with suitable expertise coupled with expanded work programs are clearly warranted given the results to hand.

The market has rated the Company as a consistent “above average performer” in the last two years. Going forward, the Company believes it has the exploration expertise, quality of project area at Fifield and the required determination to again succeed in delivering value to shareholders in the next phase of operational activity.

The Company vision is “to achieve within a reasonable time frame, an open cut grade mining operation at Fifield”. The exploration results are positively accumulating and the geological model provides a basis to help support the view that this can continue.

The major priorities for the Company over the ensuing period are therefore to build resource inventory in the known Sorpresa mineralisation and pursue discovery outcomes in “drill ready targets” now established in the greater 8km[2] area. The addition of an in-house percussion drill rig has greatly enhanced the flexibility of the work programs at relatively low cost. In essence the Company is now able to drill continuously throughout the year helping to achieve these goals.

In closing, I would like to extend my gratitude to all the people associated with the Company during the last 12 months. The Company is progressing towards 2013 well positioned, due to contributions from many people, including my fellow Directors, staff, consultants, property owners, partners and industry stakeholders.

On behalf of the Board of Directors, I wish to thank shareholders, for their continued support in difficult times, for which our Company is sincerely grateful and very much dependant. I would encourage shareholders to take an active interest in the Company’s direction and activities, whilst the Company continues to strive for commercial success in its exploration and delineation programs.

The Company will be working strenuously to sustain and exceed its previous performances. Assuming this is achieved, it is likely that the Company will be looked upon very differently again in 12 months’ time.

Sincerely

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JOHN KAMINSKY Executive Chairman

The information in the report to which this statement is attached that relates to Exploration Results is compiled Mr Colin Plumridge, who is a Member of The Australian Institute of Mining and Metallurgy, with over 40 years experience in the mineral exploration and mining industry. Mr Plumridge is employed by Plumridge & Associates Pty. Ltd. Mr Plumridge has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which is being undertaken to qualify as a Competent Person as defined in the 2004 edition of the “Australian Code for Reporting of Mineral Resources and Ore reserves”. Mr Plumridge consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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