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Similkameen News Leader

HIGH GRADE GOLD DISCOVERED IN HEDLEY


Leonard W. Saleken, President of Goldcliff Resource Corporation, is extremely pleased to announce the results from the first six holes completed during the Company's Phase II drill program on Goldcliffıs 100%-owned Panorama Ridge gold discovery in the Hedley Gold Basin. These latest drill results have exceeded the Company's expectations and are an improvement upon last yearıs exceptional Phase I results. The Phase II drill program consisted of 22 core holes, totaling 2,277 metres, 12 of which holes were drilled at the York-Viking gold zone. The first six holes for the York-Viking gold zone are reported.

Drill hole 240023 at the York-Viking gold zone intersected 34.30 grams/tonne (g/t) gold. The high-grade gold intercept is contained in a 1.51 g/t gold drill intersection that covers 39.17 metres. These numbers are highly encouraging. Not only is the 1.51 g/t gold value well above 1.0 g/t gold, which is the approximate value that must be achieved in order to warrant further exploration, the values, in general, are comparable to those found at the previously-mined (1904-1996) Nickel Plate orebodies.

The Nickel Plate high-grade underground production, which produced 1.5 million ounces of gold, recovered grades averaging 13.94 g/t gold, while the Mascot open-pit surface production, which produced 1 million ounces of gold, recovered grades averaging 1.98 g/t gold.

The York-Viking gold zone was discovered in the 2003 Phase I drill program. The surface trench and drill gold results indicate potential economic gold grades over a widespread area. The surface gold mineralization indicates that the York-Viking gold zone covers an area of approximately 300 by 300 metres, and the drilling indicates that the gold mineralization extends to depths of greater than 100 metres.

The first six drill holes for the York-Viking gold zone are reported. All six drill holes ended in the Gold Mineralized Zone (GMZ: 0.20 or greater g/t gold). The gold sample intervals are continuous. The grams per tonne gold are weighted averages.

The Panorama Ridge gold property is located in a world-class gold district which produced 2.5 million ounces of gold in the last 100 years. The gold was mined from a series of sedex-strata-bound gold deposits which occurred at one location - the Nickel Plate-Mascot gold mine (1904-1996). Discovered in 2000, Goldcliff's Panorama Ridge gold property is situated in a
geologically-similar environment to this previous find. Panorama Ridge is located a few kilometers east of the past-producing gold mine.

Leonard W. Saleken, PGeo, is the qualified person as defined by National Instrument 43-101 who supervised the preparation and verification of the technical information in this release. The gold assay results for the remaining drill holes will be announced on a timely basis.

Similkameen News Leader

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News Bulletin

Hedleyıs Mascot Mine reopened in July, but this time it will be mining tourism instead of gold.
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