Katx

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Kat Exploration Secures up to $5 Million Funding With 50 Million Restricted Shares and Retires REG-D 504

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{"s" : "katx.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} Press Release Source: Kat Exploration Inc. On Friday January 15, 2010, 10:30 am
MOUNT PEARL, NL--(Marketwire - 01/15/10) - Kat Exploration Inc. (Pinksheets:KATX - News) KAT Exploration: tomorrows discoveries... today!

KAT Exploration has secured funding for up to $5 million. The funding contract guarantees $1 million over the next 6 months and the remaining $4 million to be delivered upon agreements within the contract being achieved over the course of the following 6 months of no specific date. The funding is to provide operational support for Kat for at least the next 5 years. The funding was secured with 50,000,000 restricted shares.

Kat Exploration has retired its previously executed REG-D 504. There are no REG-D 504 offerings, warrants or options in place to date.

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