KAT Exploration Inc. was established as a for profit corporation in the province of Newfoundland and Labrador on December 5, 2005, by Ken and Tim Stead, who are experienced in mineral exploration and prospecting. The company explores for mineral deposits in and around central and eastern Newfoundland, Canada.

The principal objective of the Company is to locate, stake, prove up and sell mineral properties through out the province of Newfoundland. It is the Company?s objective to take advantage of this increased activity to generate numerous joint venture clients, and sales of our existing and yet to be acquired properties.

Mr. Stead is a co-founder of Kat Exploration Inc., and has been president since the company\'s incorporation in December of 2005. Mr. Stead worked directly in the mining industry from the early to late 70\'s, where he first started with the Iron Ore Company Of Canada and worked for Noranda at their Nanasivik mine in Stratacona Sound, northern Baffin Island. In the early 80\'s, Mr. Stead worked in the oil fields of Alberta, afterwards returning to Newfoundland where he set up his own construction company from 1985 to 1995.

In 1997, Mr Stead became a co-founder of Cornerstone Resources Inc., a junior mining company now trading on the TSX-V (CGP) until he resigned in 2004. Over the past nine years Mr. Stead has been actively working in a Sedimentary-Hosted Stratiform Copper environment and will continue to make this one of the company\'s priorities.

Email: kstead@katexploration.com

Timothy R. Stead is a co-founder of Kat Exploration Inc., and has been VP of Field Operations. since the company\'s incorporation in December of 2005. Mr. Stead completed a prospector\'s training course in 2000, where he was then working in the field for Cornerstone Resources Inc. He has many years of experience and knowledge working with Sediment-Hosted Copper on the eastern portion of the province of Newfoundland. Mr. Stead has acquired much experience and knowledge of massive sulphide deposits as well as gold, and at present is overseeing a work program on one of the companies most exciting gold properties.

Email: tstead@katexploration.com

The "Handcamp" is located approximately 33km north of Badger, central Newfoundland and 10km northeast of the old abandoned "Gullbridge" copper mine. Abandoned logging roads run through the property allowing for excellent accessibility and mobility of heavy equipment. One 50m wide mineralized zone lies within a stratabound structurally complex zone which lies near a major east-directed thrust within the Roberts Arm Group and is reflected in folding, shearing and mylonite development. Superimposed on the volcanogenic sulphide mineralization is epigenetic disseminated gold mineralization. The best sulphide mineralization is associated with sericite schist with veinlets and dissemination having been traced over a strike length of 1200m. 44 line kms of grid work was cut at 100m spacings east and west of a 2km baseline on the Handcamp property by Dennis Rowsell and company. 1700 soil samples were collected along the grid at 25m spacings of which 150 samples were assayed for gold and base metals displaying excellent results. The central core of the grid was prospected by foot leaving much more to be done in 2010. Rock samples were collected over the prospected areas with numerous samples showing very significant mineral content with some gold numbers as high as 158g/t Au, 94g/t Au, 82g/t Au. along with excellent Zn, CU, Ag numbers ( massive to simi-massive sulphides ).A chip sample was cut over the main Handcamp gold showing averaging 7.1g/t Au over 8m (27ft). Due to the world interest in gold, this property will become the focus for Kat Exploration over the next years.