Goldcliff Resource Corporation

Goldcliff Resource Corporation

July 12, 2007 16:27 ET

Goldcliff Resource Corporation: Exploration Underway at Panorama Ridge

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 12, 2007) - Leonard W. Saleken, Chairman of Goldcliff Resource Corporation (TSX VENTURE:GCN) is pleased to report that the 2007 field exploration program at Goldcliff's 100-per-cent-owned Panorama Ridge gold property in the Hedley gold district, British Columbia, Canada is in progress. Surface trenching has been conducted on the York-Viking and Nordic zones with several trenches already sampled and sent for assay. In past field seasons, trenching has proven to be an excellent tool in establishing the trend of better gold-grade mineralization and spotting drill holes. Drilling is scheduled for later in July.

Goldcliff's exploration objective for 2007 on the Panorama Ridge gold property is to advance from the gold-discovery-exploration-drill stage to the gold-resource-definition-stage. Having identified the gold mineralized zones in the previous gold-discovery-exploration-drill stage, the gold-resource-definition-stage will measure the volume of gold content in these zones. The Company is confident that the gold mineralization encountered at the York-Viking and Nordic gold zones in surface trenching and in drilling represents potentially economic gold grades. To achieve Goldcliff's objective, the Company is planning a 10,000 metre diamond drilling program at Panorama Ridge with the focus on the York-Viking and Nordic gold zones.

During the last several years of exploration on Panorama Ridge, positive results by Goldcliff have advanced the property to its resource-definition-stage. The exploration work on Panorama Ridge has identified several gold showings: the York-Viking, Nordic, Spar and Tower. From an outcrop-discovery in 2000, to completing 154 trenches totalling 4,276 metres and drilling 77 core holes totalling 7,621 metres, Goldcliff has established the property's gold deposit potential. All these zones have surface and drill-intersected gold mineralization.

Panorama ridge is a prominent topographical feature in the Hedley gold camp, extending over three kilometres along its long axis and over one kilometre across. The better grade gold mineralization trends along the crest of the ridge and wraps around both flanks. The geometry of the gold mineralization is well suited to the potential of open pit mining.

Most of the past work has focused on the York-Viking and Nordic zones. At the York-Viking zone, the gold mineralization covers a surface area of 500 metres by 280 metres along the ridge. The area drilled to date is over 150 metres by 280 metres of the zone, and the zone is open to the southwest and northeast. The Nordic zone is open to the northeast. Drilling this year will concentrate on expanding both of these zones in the directions in which they remain open.

The York-Viking gold zone is the largest of several gold zones discovered on the Panorama Ridge property within the discovery area which covers approximately two square kilometers along Panorama ridge. The Panorama Ridge property is located four kilometers east of the historic Nickel Plate-Mascot mines that produced 2.5 million ounces of gold. The property is readily accessed by roads and has mine-related infrastructure. Goldcliff has identified five gold zones that have economic potential.

Eco Tech Laboratory Ltd. of Kamloops, B.C., an accredited laboratory, is conducting the sample preparation and analysis. All sample analysis is 30 gram fire assay-A.A. finish for gold and 28 multi-element ICP. The sample stream is subject to check analysis on repeat and re-split samples, and standards to maintain quality control.

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, Chairman, CEO, Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this news release, gcnnews2713.

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