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RIMFIRE PACIFIC MINING LIMITED Capital/Financing Update 2007

May 20, 2007

65704_rns_2007-05-20_a447feb9-90ee-4d5f-a81b-066785d1649d.pdf

Capital/Financing Update

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MARKET RELEASE

21 May 2007

Rimfire Pacific Mining NL

TRADING HALT

The securities of Rimfire Pacific Mining NL (the "Company") will be placed in pre-open at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in pre-open until the earlier of the commencement of normal trading on Thursday, 24 May 2007 or when the announcement is released to the market.

Security Code: RIM

Jacob Cheven

Frances Finucan Adviser, Issuers (Brisbane)

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

Exchange Tower Suite 810 530 Little Collins Street Melbourne Victoria Australia, 3000

Telephone 61 3 9620 5866 Facsimile 61 3 9620 5822 e-mail: [email protected] website: www.rimfire.com.au

$21^{st}$ May 2007

Ms Melissa Grundy Manager Queensland ASX Limited Level 5 Riverside Centre 123 Eagle street Brisbane. QLD. 4000.

RIMFIRE PACIFIC MINING NL TRADING HALT REQUEST

Dear Peter

Rimfire Pacific Mining NL formally requests that you grant a trading halt on the entity's securities and in accordance with ASX Listing Rule 17.1 the following information is provided.

The Company intends to undertake a placement of shares. The trading halt is requested to allow the placement to be completed.

The Company further requests that the trading halt be granted for the maximum allowable period that is permissible under the ASX's market rules.

The Company is not aware of any reason why the trading halt should not be granted.

JOHN KAMINSKY Executive Chairman Rimfire Pacific Mining NL

For further information please contact: Mr John Kaminsky (Executive Chairman) Rimfire Pacific Mining NL Phone: 03 9620 5866 Fax: 03 9620 5822