Goldcliff Resource Corporation

Goldcliff Resource Corporation

October 11, 2005 17:20 ET

Goldcliff Resource Corporation: Panorama Exploration Work in Progress

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 11, 2005) - Goldcliff Resource Corporation (TSX VENTURE:GCN) is pleased to report on the exploration work in progress at Panorama Ridge in the Hedley Gold Basin, British Columbia, Canada. Both the surface trenching and the core drilling are well under way. Weather conditions have been favourable, ensuring that the exploration program will be completed on time and on budget for 2005.

The 2005 exploration program is focused on the York-Viking and Nordic gold zones where significant gold values have been discovered by earlier surface trenching and drilling. In 2003, Goldcliff's discovery hole at the York-Viking zone discovered a high-grade gold intersection in core averaging 4.12 grams per tonne gold (g/t) over 5.00 metres:

Drill Hole From (m) To (m) Interval (m) Gold (g/t)
DDH23003 4.88 64.18 59.30 1.11
includes 53.18 63.18 10.00 2.77
includes 54.18 59.18 5.00 4.12

In 2004, Goldcliff's surface trenching within the 2003 drill area exposed 1.13 g/t gold over a total trench-length of 77.40 metres including 1.70 g/t gold over 23.00 metres. Drilling that year (2004) in the trench area, hole-DDH24023 intersected high-grade gold values in core averaging 7.72 gold (g/t) over 6.00 metres:

Drill Hole From (m) To (m) Interval (m) Gold (g/t)
DDH24023 8.54 72.80 64.26 1.04
Includes 16.63 34.18 17.55 2.86
includes 16.63 22.63 6.00 7.72

The current 2005 exploration program is following up on the highly encouraging gold results from the trenching and drilling at York-Viking gold zone.

With high-grade gold discovered, the 2005 Nordic trenching has been very successful. The gold results from trench-ND56 cut 15.60 grams per tonnes (g/t) gold over 3.00 metres, within a 23.20 metre interval that cut 3.22 g/t gold. From end-to-end (106.60 metres), the entire trench encountered gold mineralization that averaged 1.03 g/t gold. The discovery hole in 2003 drilled at the Nordic is located to the southeast of the high-grade gold values in trench-ND56, which average 1.77 g/t gold over a total core length of 17.00 metres:

Drill Hole From (m) To (m) Interval (m) Gold (g/t)
DDH23012 4.66 21.66 17.00 1.77
Includes 10.66 14.66 4.00 2.96
Includes 11.66 13.66 2.00 3.61

The core gold intersection is interpreted to be related to the surface trench gold sample results of trench-ND56. The current 2005 drilling program is following up on these highly encouraging trench results.

The surface trenching at Panorama commenced in early June and will be completed in October. The core drilling commenced in mid-September and will be completed in October. Samples from the trenching are 80 per cent collected and have been shipped to the assay laboratory for analysis. The drill core is also being sampled for analysis.

Goldcliff's Panorama Ridge property contains gold skarn sedex-strata-bound mineralization. Goldcliff's property is located to the east of the previously-mined Nickel Plate-Mascot gold mine that once produced 2.5 million ounces of gold from gold-orebodies contained within gold skarn-sedex-strata-bound mineralization. At Panorama, the gold grades and geology at the York-Viking and Nordic gold zones are comparable to Nickel Plate-Mascot 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.


Leonard W. Saleken, PGeo, President

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

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