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KAT Exploration Reduces Authorized Shares by 1.7 Billion

KAT Exploration Reduces Authorized Shares by 1.7 Billion

MOUNT PEARL, NL / ACCESSWIRE / April 20, 2015/ Kat Exploration Inc. (KATX) (KATX) (the "Company"), an explorer and developer of mineral properties in Canada with a focus on precious metals, today announces that its Board of Directors has approved the reduction of authorized shares of common equity from 2,450,000,000 to 750,000,000. The revision of the company's share structure is part of management's commitment to providing shareholders with greater protection for their holdings.

As a result of the reduction, Kat Exploration Inc. will have the following revised share structure:

Authorized Shares – 750,000,000
Outstanding Shares – 160,377,722
Restricted Shares – 108,949,812
Shares in Public Float – 51,427,910

President and CEO, Ken Stead stated, "We are delighted to complete this restructuring. Our shareholders have been our biggest allies and protecting their investment is our priority. By reducing the number of authorized shares by 1,700,000,000, we are demonstrating our commitment to protecting our shareholders from any potential dilution."

In addition to the revision of its share structure, Kat Exploration Inc. is also experiencing growth, recently confirming a new copper discovery on the Bonavista Peninsula. 180 claims (11,000 acres) were staked in total.

The new copper discovery comes after extensive work was carried out by field teams throughout 2014. There's very strong indication that the type of copper discovered points to a rich sampling area. KAT Exploration Inc. believes the area located in the Rocky Harbour group which is below the Crown-Hill zone, could become the feeder zone for greater copper discoveries.

About Kat Exploration Inc.

Kat Exploration, Inc. engages in the exploration and development of mineral properties in Newfoundland and Labrador, Canada. The company primarily focuses on precious metals and sediment-hosted stratiform copper deposits in the eastern portion of Newfoundland. It holds interest in the Hodderville copper project, the Rusty Ridge, an iron oxide-copper-gold property covering an area of 2100 hectares situated on Crown land; Colliers property that includes chalcopyrite, bornite, and calchocite minerals, as well as copper ores; and the Deer Harbour copper properties. The company was founded in 2005 and is headquartered in Mount Pearl, Canada.

Forward-Looking Statements:

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.

Ken Stead - President/CEO
Kat Exploration Inc.
Website: www.katexploration.com
Email: kstead@katexploration.com

Ryan Troup, Circadian Group IR
Toll Free: 1 (855) 228-7336
Email: Ryan@Circadian-Group.com

SOURCE: Kat Exploration Inc.