SOURCE: KAT Exploration, Inc.

January 07, 2011 14:26 ET

KAT Exploration, Inc. Update on Company Events

MOUNT PEARL, NL--(Marketwire - January 7, 2011) - KAT Exploration, Inc. (PINKSHEETS: KATXwww.katexploration.com 

KAT Exploration, Inc. (PINKSHEETS: KATX) is pleased to inform shareholders and the public of its ongoing progress with regards to company events and distribution of the 1 for 4 BVIG shares to KATX shareholders.

The company is still waiting for the latest results from drill hole #2 on its Rusty Ridge project.
As stated before in a prior press release, results have been received from the upper 50m of the 334m of hole #2 but results have not been received from the remainder of the selected sections sent for analysis. In speaking with Actlabs who are doing the analysis of these samples it may still be a couple more weeks before results are received.

Another 102 new claims have been staked around the original Rusty Ridge claims in order to protect the area for future exploration.

While much speculation has been raised as to why the delay in BVIG share distribution, the company wishes to assure its shareholders that we and our attorneys are working through the SEC rules and regulations in order to comply with all required filings. We realize that while many have been anxiously waiting for the distribution to take place, we ask for continued patience as the process for this procedure moves forward. We will inform shareholders when the distribution filing is approved by all regulatory institutions.

The company is also in the initial stages of filing a 15c211in order to move Kat Exploration Inc from the Pink Sheets listing to that of the OTCBB. As progress moves forward with these filings further updates will be made available to shareholders and public.

The company is also in the process of engaging a full service Investor Relations firm to assist in its communication with shareholders and public alike.

This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration Inc. to be materially different from the statements made herein.

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