SOURCE: Kat Exploration Inc.

August 23, 2010 15:43 ET

KAT Exploration, Inc. Updates on 1 to 4 OTCBB Shares Distribution of BVIG.OB

MOUNT PEARL, NL--(Marketwire - August 23, 2010) -  KAT Exploration, Inc. (PINKSHEETS: 

KAT Exploration, Inc. (PINKSHEETS: KATX) ("KATX") provides the foregoing update of its ongoing progress to complete the distribution of 1 share in Bella Viaggio Inc. (OTCBB: BVIG) ("BVIG") for every 4 shares of KATX held on July 16, 2010.

KATX and BVIG have a responsibility to ensure that all FINRA and SEC regulations are followed to complete the aforesaid distribution. Strict compliance with the regulations is essential to ensure that the said companies are not subject to FINRA and SEC sanctions and to ensure shareholders of KATX and BVIG will have no restrictions on their shares.

KATX and BVIG have been working to complete the regulatory requirements to have the said BVIG stock free trading upon issue. Originally there was to be a 6 month hold period for those receiving the BVIG shares. However, the said companies have decided it is in the best interest of the shareholders to file the additional required documentation to make the said shares free trading and eliminate the hold period.

Shareholders will be notified when the distribution filing is completed and approved by all regulatory institutions.

We are also very pleased to announce that investors will be updated on the Handcamp first phase drill results in the very near future.

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