Goldcliff Resource Corporation

Goldcliff Resource Corporation

August 15, 2005 20:14 ET

Goldcliff Resource Corporation: 2005 Exploration Progressing at Panorama

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 15, 2005) - Goldcliff Resource Corporation (TSX VENTURE:GCN) is pleased to announce that the 2005 exploration program is well underway at Panorama Ridge in the Hedley Gold Basin, British Columbia, Canada. The exploration work consists of surface sampling and mechanical trenching in preparation for core drilling. The work is focused on the York-Viking and Nordic zones.

In keeping with the exploration plan for 2005, the trenching results will better enable Goldcliff's drill site selection for core drilling. Approximately 980 metres of trenching in 17 trenches have been completed. Sampling of this work is about 50 per cent complete. The trenches vary from a few metres to over 100 metres in length and 1.0 to 1.5 metres in width. Overburden depths (surface cover) range from 0.5 metres to over 3.0 metres in depth. Outcrop for sampling was encountered in 90 per cent of the trenches. The York-Viking contains eleven trenches. Six trenches are on the Nordic.

The sample procedure is very detailed. A channel is cut in the entire length of the trench to a width and depth of 5 to 10 centimetres using a power cutter equipped with a 350 mm diamond cutting disc. Bagged samples are taken at one metre intervals along the entire trench. Afterwards, they are sent to the laboratory for assaying for gold (30 gram-fire) and 28 elements (multi-element ICP). The trench-outcrop is geologically mapped.

In 2000, Goldcliff staked the Panorama Ridge property and discovered gold skarn sedex-strata-bound mineralization. The Panorama Ridge property is located to the east of the previously-mined Nickel Plate-Mascot gold mine (1904-1996) that once produced 2.5 million ounces of gold. The gold grade values discovered at Panorama Ridge are comparable to those gold values mined from the Nickel Plate-Mascot gold mine orebodies.

In 2004, Goldcliff's drilling intersected high-grade gold values (34.30 grams/tonne gold) within the skarn sedex-strata-bound Hedley Formation at the York-Viking zone. The hole-location (DDH24023) containing high-grade gold confirmed surface trench results. Trench 2004YK34 reported 1.13 grams per tonne gold over a total length of 77.40 metres. Contained within this section of gold mineralization is 1.70 grams per tonne gold over 23.00 metres. Individual one metre samples as high as 6.31 grams per tonne gold occur.

In 2005, exploration trenching and drilling is focusing on the high-grade gold potential of the sedex-strata-bound gold skarn mineralization at the York-Viking and Nordic zones. Trench samples are currently being assayed.

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.


Leonard W. Saleken, PGeo, President

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