Goldcliff Announces Closing of the Second and Final Tranche of its "LIFE" Offering and Completion of Drilling at Kettle Valley

Goldcliff Resource Corporation (GCN) has closed the second and final tranche of its non-brokered private placement, raising $73,500 by issuing 2,450,000 non-flow-through units at $0.03 per unit. This final tranche brings the total capital raised through the private placement, which included a prior flow-through tranche, to $173,500. The funds are designated for property payments, working capital, and drilling activities at the company’s Kettle Valley project.

Simultaneously, the company announced the completion of a 1,000-meter reconnaissance drill program at Kettle Valley. The program consisted of 11 holes targeting the East Breccia Zone and a high-grade surface area. Drill core is currently being logged and sampled, and assay results have not yet been released.

An insider subscribed for 300,000 units valued at $9,000. Additionally, finder's fees of $315 in cash plus 10,500 warrants were paid to Canaccord Genuity Corp. The warrants issued carry a $0.07 exercise price and a 24-month expiry. Securities are restricted from trading until March 10, 2027.

Goldcliff Resource Corporation (GCN) raised $73,500 in a financing transaction that adds 2.45 million shares and warrants to its capital structure. The offering was priced at the company’s 52-week low, and insider participation was limited to $9,000. This capital raise extends the company’s cash runway marginally but does not resolve the structural liquidity deficit highlighted in the Q3 2026 MD&A. The transaction is immaterial relative to the company's operational footprint and cash requirements, aligning with Goldcliff Resource Corporation’s historical pattern of small, sequential financings to fund early-stage exploration.

The company also completed 1,000 meters of drilling, marking an operational milestone. However, the absence of assay results means the market cannot yet price in any resource expansion or grade continuity.

Goldcliff Resource Corporation (GCN) is a pre-revenue junior explorer focused on early-stage gold and silver projects in British Columbia and Nevada. The company’s flagship asset is the Kettle Valley gold-silver project near Rock Creek, BC, where it has advanced surface sampling, trenching, and drilling at the North Cliff Zone and the newly identified East Breccia Zone.

The company’s other assets include the Ainsworth silver project in BC, the Panorama Ridge project in BC, and the Aurora West and Nevada Rand projects in Nevada. Goldcliff’s strategy involves bootstrapping exploration using surface work, trenching, and targeted drilling to define drill targets and advance projects toward resource estimation. George W. Sanders serves as President, and Warner Gruenwald, P.Geo., is the independent Qualified Person for technical data.