NORTHCLIFF ANNOUNCES FURTHER AMENDMENT TO LOAN FINANCING

• Northcliff Resources Ltd. has entered into an amendment agreement with Todd Sisson (NZ) Limited to extend the maturity date of its secured loan facility to July 17, 2026.
• All other material terms and conditions of the existing Loan Facility remain unchanged.
• The amendment provides additional time to maturity while maintaining the current financing structure, with Todd Corporation continuing as the largest shareholder.
• This follows a series of recent amendments dated September 12, 2025, March 13, 2026, and May 8, 2026, which progressively extended the loan and added $3.45 million in May.

• The news is a routine financing extension that buys the company approximately one month of runway. It does not inject new capital or alter the fundamental capital structure.
• Given the company's explicit going concern warning and a working capital deficit of C$921,000 as of April 30, 2026, this extension is a necessary but insufficient step toward long-term solvency.
• The Sisson Project's feasibility study update is expected to complete in Q3 2026. The loan maturity in mid-July 2026 precedes the finalization of this study and subsequent project financing/offtake discussions.
• The market impact is expected to be minimal, as the extension was anticipated given the prior amendment cycle. It mitigates immediate default risk but does not address the underlying need for substantial project financing or equity issuance.

• Northcliff Resources Ltd. is a Canadian mining company focused on the Sisson tungsten-molybdenum project in New Brunswick.
• The Sisson Project is a pre-construction stage asset with existing federal (2017) and provincial (2015) Environmental Impact Assessment approvals.
• The company has spent approximately C$70 million on resource definition, engineering, and environmental studies since 2013.
• The project is positioned to supply critical minerals for aerospace, defense, clean-tech, and digital technology sectors.
• The company is advancing a feasibility study update led by Ausenco Engineering, with front-end basic engineering and field investigations underway.