Goldcliff closes $133,000 first tranche of financing

Mr. George Sanders reports GOLDCLIFF CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT AND FINALIZES PLANS FOR DRILL SITE PREPARATION AT KETTLE VALLEY Goldcliff Resource Corp. has closed the first tranche of its previously announced non-brokered private placement of 1.9 million flow-through shares for gross proceeds of $133,000. The securities issued under the private placement were offered to purchasers pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions. Each flow-through share comprises one common share, which qualifies as a flow-through share within the meaning of the Income Tax Act (Canada). Proceeds from the flow-through shares sold under the private placement will be applied to drilling at Kettle Valley and trenching and drill site preparation at the Ainsworth silver project as Canadian exploration expenses that will qualify as flow-through mining expenditures within the meaning of the Income Tax Act (Canada) and which will be incurred on or before Dec. 31, 2026, and renounced with an effective date no later than Dec. 31, 2025, to the initial purchasers of flow-through shares. Both projects are located in British Columbia. In connection with the closing of the first tranche of the private placement, the company paid a finder's fee of an aggregate of $9,310 cash and issued an aggregate of 133,000 non-transferable finder warrants (such finder warrants to be issued on the same terms and conditions as the warrants) to Ventum Financial Corp. The private placement remains subject to final acceptance of the TSX Venture Exchange. Drill site preparation Goldcliff is finalizing contractor engagement for drill site preparation at the Kettle Valley gold/silver project near Rock Creek, B.C. This activity will focus on constructing several drill pads on top of the Cliff zone. These drill pads will be in the area of Goldcliff's best surface sample, which assayed 2.62 grams per tonne gold and 181 grams per tonne silver from subcrop, as disclosed in a news release dated Jan. 5, 2022. It is anticipated that this activity will uncover additional rock exposure, which will be sampled. Warner Gruenwald, PGeo, a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release. We seek Safe Harbor.