Rimfire Pacific Mining (ASX: RIM, 'Rimfire' or 'the Company') advises that it has renegotiated the timing of the Corporate Payment owed by its Fifield Earn In exploration partner - Golden Plains Resources (GPR).

As per the renegotiated payment schedule, Rimfire has now received a further Corporate Payment of $0.1M, with the remaining $0.9M owed together with accrued interest to be progressively paid off by 15 May 2023.

The Corporate Payment amounts are for Rimfire's own use and depending on exploration priorities at the time, may be used to underpin ongoing exploration at the Company's 100% owned Valley Copper and Broken Hill (Green View) Cobalt Projects. The unpaid amounts are continuing to accrue interest at the penalty rate of 7.089% per annum. Rimfire has fully reserved it's rights and advised GPR that should any payment be missed Rimfire will immediately issue a Default Notice without any further notice, discussion or negotiation. Under the Fifield Earn In GPR must make further exploration payments of $1.4 million. These payments will be received via the normal cash call process.

Contact:

Tel: +61 417 974 843

About Rimfire

Rimfire Pacific Mining (ASX: RIM, 'Rimfire' or the 'Company') is an ASX-listed Critical Minerals exploration company which is advancing a portfolio of projects within the highly prospective Lachlan Orogen and Broken Hill districts of New South Wales

The Company has two 100% - owned copper - gold prospective projects that are located west of Parkes

and Orange in central New South Wales: The Valley Project - located 5km west of Kincora Copper's Mordialloc porphyry copper gold discovery (KCC.ASX), and The Cowal Project - located to the east of Evolution's Lake Cowal Copper / Gold mine (EVN: ASX).

Competent Persons Declaration

The information in the report to which this statement is attached that relates to Exploration and Resource Results is based on information reviewed and/or compiled by David Hutton who is deemed to be a Competent Person and is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Hutton has over 30 years' experience in the minerals industry and is the Managing Director and CEO of Rimfire Pacific Mining. Mr Hutton has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Hutton consents to the inclusion of the matters based on the information in the form and context in which it appears

Forward looking statements Disclaimer

This document contains 'forward looking statements' as defined or implied in common law and within the meaning of the Corporations Law. Such forward looking statements may include, without limitation, (1) estimates of future capital expenditure; (2) estimates of future cash costs; (3) statements regarding future exploration results and goals. Where the Company or any of its officers or Directors or representatives expresses an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and the Company or its officers or Directors or representatives as the case may be, believe to have a reasonable basis for implying such an expectation or belief. However, forward looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward looking statements. Such risks include, but are not limited to, commodity price fluctuation, currency fluctuation, political and operational risks, governmental regulations and judicial outcomes, financial markets, and availability of key personnel. The Company does not undertake any obligation to publicly release revisions to any 'forward looking statement'

Contact:

Tel: +61 3 9620 5866

Email: rimfire@rimfire.com.au

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