Clifton Star Resources Inc.

Clifton Star Resources Inc.

August 30, 2012 08:50 ET

Clifton Star Announces New Drill Results From the Duparquet Project Including 2.52 g/t Au Over 29.6 m

QUEBEC CITY, QUEBEC--(Marketwire - Aug. 30, 2012) - Clifton Star Resources Inc. ("CFO" or "Clifton") (TSX VENTURE:CFO)(FRANKFURT:C3T) is pleased to announce the results from an additional 16 drill holes from its 2012 drill program at the Duparquet Project of Quebec's Abitibi region.

Clifton Star continues to delineate and expand the resources at the Duparquet Project at a steady pace with 2 drill rigs working on the project since the beginning of the year. This recent phase of drilling has encountered significant mineralization in the North and Syenite zones as well as to the east on the Central Duparquet property. The positive results demonstrate that the zones show good grades and continuity.

Drill Highlights include:

Hole BD12-15 with 29.6 meters grading 2.52 g/t Au (North Zone)

Hole BD12-11 with 21.0 meters grading 2.55 g/t Au (North Zone)

Hole D12-10 with 19.0 meters grading 1.24 g/t Au (Syenite Zone)

Hole D12-11 with 30.8 meters grading 1.04 g/t Au (Syenite Zone)

Hole CD12-01 with 7.9 meters grading 4.07 g/t Au (Central Duparquet Zone)

These and other significant assay results from the recent phase of drilling are listed in Table 1 accompanying this news release.

Results from this press release and earlier results reported in 2012 by Clifton will be incorporated into an updated NI 43-101 resource estimation that will be part of the ongoing Preliminary Economic Assessment (PEA) study scheduled to be completed by the end of the 2012 calendar year.

Overview of 2012 Drilling Program

The year to date drill program on the Duparquet project includes the completion of 51 holes totalling 19,877m.

Since the last press release (July 11, 2012) regarding the 2012 drilling, the Company has completed an additional 25 drill holes for a total of 6,143m.

Drill Results

The results of the 2012 drill program continue to be very encouraging for the development of both an open-pit and bulk underground mining deposit, as can be seen from the recent assay data that is listed in the summary and in the table provided immediately after the text of this news release. The true thicknesses of the intersections in the North, South and Syenite zones are typically 60-80% of the core lengths, but can be as low as 30% due to local structural variations.

The North Zone continues to show excellent continuity, with significant gold mineralization extending at depth. The mineralized envelope of the North Zone can be up to 80 metres wide, and has been traced along strike for 2.6 km (see Figure 1). The North Zone has a near vertical dip, with the mineralization typically found near the northern contact of the syenite with the volcanic rocks.

Recently drilled Hole BD12-15 on the Beattie property intersected 2.52 g/t Au over a core length 29.6m, at less than 25m from surface (see Figure 2). This mineralization is located within the North Zone and demonstrates the surface potential and excellent continuity that can be traced from surface to over 500m vertically.

Hole BD12-11 similarly intersected significant mineralization in the North Zone with an intersection of 2.55 g/t Au over 21.0m (see Figure 2). This intersection is located on the same section as the above mentioned hole BD12-15 and the previously released BD12-148ext (Press release, July 11, 2012) which assayed 1.94 g/t Au over 12.0m at a depth of 500m.

Holes D12-10 and D12-11 were drilled to the east on the Donchester property and show the potential of the mineralization within the more central part of the Syenite. Hole D12-10 returned an assay of 1.24 g/t over 19.0m while D12-11 assayed 1.04 g/t Au over 30.8m (see Figure 3). These intersections separated by 35m and located at less than 130m from surface again show the excellent continuity. Both of these holes are located just outside the currently interpreted eastern wall of the larger Dorchester whittle pit.

Mineralization was identified in shallow, 100m step out holes, to the east and west of interpreted Central Duparquet pit. Hole CD12-01 located to the east of the interpreted pit boundary intersected 4.07 g/t Au over 7.9m, while CD12-04 located to the west of the interpreted pit boundary intersected 6.09 g/t Au over 3.0m (see Figures 4, 5).

This drilling has continued to fill in large gaps in the data and traced the mineralized zones along strike and at depth, while at the same time demonstrating the potential thickness and continuity of these zones. All of the zones are open along strike and at depth, with the deepest intersection at approximately 650 metres below surface. Drilling is continuing with 2 drill rigs which will advance the exploration of the various zones at the Beattie, Donchester, Central Duparquet and Dumico properties. This drilling will better define the in-pit mineralization and converting inferred resources into indicated resources.

Additional holes have been planned and approved by management which will see the drill program continue for the remainder of the 2012 year.

Click here to see Figure 1:

Click here to see Figure 2:

Click here to see Figure 3:

Click here to see Figure 4:

Click here to see Figure 5:

Technical Information and Qualified Persons

Diamond drill holes are drilled to recover NQ size core. The core boxes are sealed and delivered to the company's core logging facilities on site at the end of each shift where they are photographed, logged and sampled. Core samples are sawed in half, bagged and sealed prior to being transported directly by the Company to Activation Laboratories Ltd. (Ste-Germaine de Boule), an independent accredited laboratory, for assay analysis. The assay analyses performed during Clifton's drill programs are subject to a formal quality assurance and quality control (QA/QC) program with standard reference materials, blanks, and field duplicates samples inserted prior to shipment from site to monitor the quality control of the data. Samples with higher grade gold (greater than 10 grams per tonne) are reassayed using a gravimetric and/or pulps and metallic procedure. All assays greater than 25 grams per tonne were cut to 25 grams.

The Company's exploration team designed and executed the 2012 drilling program under the supervision of Clifton's Vice President of Exploration, Mr. Louis Martin. The content of this news release has been written and approved by Mr. Louis Martin, P.Geo, a Qualified Person as defined by National Instrument 43-101.

Duparquet Project

2012 Drilling Results

Hole ID From
(Au g/t)
BD12-07 186 187.5 1.5 0.88 630,700 North Zone
BD12-09 6.4 10.3 3.9 1.03 630,925 Syenite 3
BD12-09 50.8 53.8 3 1.55 630,925 Syenite
BD12-10 97.1 99.7 2.6 0.62 630,950 North Zone
BD12-11 165 168 3 1.03 630,950 Syenite
BD12-11 384 405 21 2.55 630,950 North Zone
BD12-11 394.5 405 10.5 3.77 630,950 North Zone
BD12-12 Abandoned due to deviation 630,950
BD12-13 Abandoned due to deviation 630,950
BD12-14 Abandoned due to deviation 630,950
BD12-15 7.1 36.7 29.6 2.52 630,950 North Zone
BD12-15 7.1 10 2.9 3.57 630,950 North Zone
BD12-15 19.5 21.3 1.8 6.26 630,950 North Zone
BD12-15 28.6 35.2 6.6 4.57 630,950 North Zone
BD12-16 Assays Pending 631,000
D12-10 80.5 82.8 2.3 1.36 631,500 Syenite 3
D12-10 113.7 132.7 19 1.24 631,500 Syenite 3
D12-10 127.7 132.7 5 2.63 631,500 Syenite 3
D12-10 217.5 225 7.5 0.79 631,500 Syenite
D12-10 338.5 345.3 6.8 1.4 631,500 North Zone
D12-11 127.8 129.6 1.8 1.68 631,500 Syenite 3
D12-11 154.4 185.2 30.8 1.04 631,500 Syenite 3
D12-12 66 69 3 1.1 631,700 Syenite 3
D12-13 Assays Pending 632,100
D12-14 18.2 20.2 1.4 1.05 632,100 South Zone
D12-14 61 65.5 4.5 2.29 632,100 South Zone
D12-14 76.8 78.2 1.4 3.13 632,100 South Zone
D12-15 Assays Pending 632,100
D12-16 Assays Pending 632,300
D12-17 Assays Pending 632,500
D12-18 Assays Pending 632,500
D12-19 Assays Pending 632,500
CD12-01 115.8 121.2 5.4 1.30 633,300 CD-Main
CD12-01 151.5 159.4 7.9 4.07 633,300 CD-Main
CD12-02 4 5.5 1.5 2.7 633,100 CD-N
CD12-02 67 70 3 0.81 633,100 CD-N
CD12-03 Assays Pending 632,900
CD12-04 80.0 83.5 3.5 1.43 632,800 CD-Main
CD12-04 180.0 183.0 3.0 6.09 632,800 CD-Main
Incl. 181.0 182.0 1.0 16.39 632,800 CD-Main
CD12-04 193.0 194.0 1.0 1.97 632,800 CD-Main
CD12-05 85.2 89.3 4.1 1.78 632,700 CD-Main
CD12-05 135.2 142.5 7.3 0.98 632,700 CD-Main
CD12-06 Assays Pending 632,600

Cautionary Statement on Forward Looking Information

Certain information included in this press release, including any information as to our future exploration, financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. The words 'expect', 'believe', 'will', 'intend', 'estimate' and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies, including the possibility that drill programs will not yield the expected results. The Company cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of Clifton Star Resources to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and that the forward-looking statements are not guarantees of future performance. These statements are also based on certain factors and assumptions. For more details on these estimates, risks, assumptions and factors, see the Company's most recent Form 20-F/Annual Information Form on file with the U.S. Securities and Exchange Commission and Canadian provincial securities regulatory authorities. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise, except as expressly required by law. Readers are cautioned not to put undue reliance on these forward-looking statements.

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

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