Rockcliff Resources Inc.

Rockcliff Resources Inc.

March 05, 2010 08:00 ET

Rockcliff Grants Warrants for Tower Property Extension

TORONTO, ONTARIO--(Marketwire - March 5, 2010) -  Rockcliff Resources Inc. ("Rockcliff" or the "Corporation") (TSX VENTURE:RCR)(Tier 1) is pleased to announce that it has reached an agreement with Pure Nickel Inc. ("Pure Nickel") (TSX:NIC) to grant 1,250,000 common share purchase warrants (the "Warrants") of the Corporation exercisable at a price equal to $1.50 per share for a period of the lesser of: (i) two years after Rockcliff is able to commence exploration of the Tower Property under an option acquired from Pure Nickel, and (ii) February 21, 2013. These Warrants have been granted as consideration for an amendment to the terms of the original option and joint venture agreement between the Corporation and Pure Nickel, the details of which were published in a press release dated February 21, 2008, to extend the time for performance of work on the Tower Property pending resolution of some outstanding local issues.

About Rockcliff Resources Inc. 

Rockcliff Resources Inc. is a Canadian resource exploration company focused on discovery and advancement of its high-quality mineral assets on its Snow Lake Project. Rockcliff presently controls the Snow Lake Project totalling in excess of 600km2 of which approximately 440km2 is 100% owned by Rockcliff and located within and proximal to the Snow Lake Camp. The project presently includes five historical VMS deposits (Lon (100%), Rail, Reed, Kof and Sylvia), the former producing Century Gold Mine (100%), the Squall, Tramping, Jackfish, Rail North, Red properties (all 100%), the Tower VMS property and additional areas with potential for VMS and gold mineralization. Rockcliff also controls the Shihan VMS Project (100%) located in Northern Ontario. 

Forward Looking Statement:

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Rockcliff undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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