The Association for Mineral Exploration BC (AME BC) today thanked the federal government for its continued support of the mineral exploration tax credit, and reducing red tape. The federal budget includes a proposed extension to the 15 per-cent Mineral Exploration Tax Credit to March 31, 2012. This important tax credit helps companies raise capital by providing an incentive to individuals who invest in flow-through shares issued to finance mineral exploration in Canada. The federal government will also continue its work with the Red Tape Reduction Commission to reduce complex and overlapping regulatory requirements.