Rimfire Minerals Corporation

Rimfire Minerals Corporation

March 02, 2009 09:00 ET

Rimfire Announces Appointment of Board Members

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 2, 2009) - Rimfire Minerals Corporation (TSX VENTURE:RFM) is pleased to announce the appointment of William Schur and Mark Selby to the Rimfire Minerals Corporation Board of Directors.

William G. (Bill) Schur earned an A.B. degree from Dartmouth College in 1972, with a major in Government followed by a J.D. from Cornell University. He was admitted to the Bar in Illinois and the United States District Court for the Northern District of Illinois in 1975 and the United States Court of Appeals for the Seventh Circuit in 1978. He is also a member of the Trial Bar of the United States District Court for the Northern District of Illinois. Mr. Schur currently has a law practice in the city of Chicago and has developed a network of clients that range from Fortune 500 companies to individuals stretching from coast to coast within Canada and the United States. Mr. Schur will bring extensive legal experience and a wide-ranging business and legal perspective to the Rimfire board.

Mark T. Selby holds a B.Comm (Hons.) degree and is currently Vice President, Business Planning and Market Research for Quadra Mining Ltd. Mr. Selby founded Selby & Co in 2006 to provide consulting advice to mining companies and investors on the outlook for base metals and resource equity valuation. His prior positions include: Assistant Vice-President, Strategic Planning & Business Development (2005-2007) and Director, Market Research (2001-2004) with Inco Limited and Principal at Mercer Management Consulting (1994-2001). Mr. Selby's knowledge of the metals market and business development will add depth to the Rimfire board and be valuable in generating joint venture partnerships.

The recent appointments follow the resignation of Gary Paulson from the Board of Directors. Mr. Paulson has held a position on the Rimfire board since the company's inception in 1999. Gary proved to be an invaluable resource for the Rimfire team due to his vast knowledge of the exploration industry and global perspective. The entire Rimfire team wishes him success in all his future endeavours.

The Company has granted each new director 75,000 incentive stock options at a price of $0.27 expiring March 1, 2014. The grants will vest over two years. Options are granted in accordance with the Company's Incentive Stock Option plan approved at the Annual General Meeting held June 18, 2008.

About Rimfire

Rimfire Minerals Corporation is an aggressive, well-financed mineral exploration company with a portfolio of highly prospective gold and copper properties in western North America and Australia. Current and former partners include AngloGold Ashanti Limited, Barrick Gold Corporation, Newmont Mining Company, Inmet Mining Corporation, Northgate Minerals Corporation, Fronteer Development Group Inc., Rubicon Minerals Corporation, American Creek Resources Ltd., Island Arc Exploration Corporation, Jaguar Minerals Limited and BWG.

On behalf of Rimfire Minerals Corporation

Jason Weber, P.Geo., President & CEO

CAUTIONARY STATEMENT: This News Release includes certain "forward-looking statements". Other than statements of historical fact, all statements included in this release, including, without limitation, statements regarding future plans and objectives of Rimfire Minerals Corporation, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Rimfire's expectations are the risks detailed herein and from time to time in the filings made by Rimfire Minerals Corporation with securities regulators. Those filings can be found on the Internet at http://www.sedar.com and http://www.sec.gov/edgar/searchedgar/companysearch.html.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Contact Information