Goldcliff Resource Corporation
TSX VENTURE : GCN

Goldcliff Resource Corporation

May 14, 2008 13:55 ET

Goldcliff Resource Corporation: York-Viking Drilling Extends Gold Zone

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 14, 2008) - Leonard W. Saleken, Chairman of Goldcliff Resource Corporation (TSX VENTURE:GCN) is pleased to report that the 2007 York-Viking drilling results extend the gold mineralization at depth and expand the zone to the northeast. The assay results for the first eight 2007 diamond drill holes confirm that the York-Viking gold mineralization continues to expand on the Company's 100%-owned Panorama Ridge property near Hedley, B.C. The drill results are highlighted by 20.06 metres containing 1.03 grams per tonne gold which include 9.00 metres containing 2.03 grams per tonne gold (g/t). High grade gold valves of 10.60 and 13.30 grams per tonne gold have been intersected. These initial drill results confirm continuity of good grade gold mineralization and expand the drilled boundaries of the York-Viking zone. The gold mineralization and gold values are consistent with all of the previously reported gold assay results within the zone.

This York-Viking drilling confirms that the Gold Mineralized Zone (GMZ) is extensive, continuous and consistent with the previous results. The surface and drilling gold values confirm that the Gold Mineralized Zone (GMZ plus 0.20 g/t gold) contains multiple gold horizons. The gold mineralization at the York-Viking zone is geologically similar to the gold horizons or gold beds at the historical Nickel Plate-Mascot gold mine. Significant intersections of plus one gram gold are summarized below:



DDH 27078 11.86 metres of 1.07 g/t gold
DDH 27080 14.00 metres of 1.01 g/t gold
DDH 27081 12.00 metres of 1.58 g/t gold
DDH 27085 8.00 metres of 1.00 g/t gold


The York-Viking zone is situated on Panorama ridge, a prominent northeast-southwest ridge on the Panorama Ridge property. The York-Viking zone covers a surface area of 500 by 280 metres along the ridge. The area drilled to date is over 150 by 280 metres of the zone. The gold mineralization in the zone is open to the northeast toward trench SP164 and to the southwest beyond the Bonanza Trench. Trench SP164 contains 31.50 metres of 1.01 g/t gold, including 11.00 metres of 2.03 g/t gold. The Bonanza Trench reported 1.00 metre of 596 g/t gold or 17.39 ounces gold (previously reported results).

Drill Hole Gold Zone Results

The eight diamond drill holes were drilled from two sites. Holes 27078 to 27082 were drilled from one site and holes 27083 to 27085 were drilled from a second site. Both drill sites were positioned as step-outs to the northeast on the York-Viking zone, meaning they extended beyond the presently known mineralization.



DDH (#) From (m) To (m) Interval (m) Au (g/t) Gold Zone
27078 3.66 99.97 96.01 0.23 GMZ
Upper horizon 8.11 31.25 23.14 0.32 Upper
Includes 9.11 19.25 10.14 0.50 Upper
Includes 9.11 13.83 4.72 0.85 Upper
Lower horizon 46.81 99.67 52.86 0.30 Lower
Includes 54.78 83.64 26.86 0.50 Lower
Includes 66.78 78.64 11.86 1.07 Lower
Includes 72.78 78.64 5.86 2.08 Lower

27079 3.66 48.71 45.05 0.23 GMZ
Upper horizon 8.71 20.13 11.42 0.52 Upper
Includes 11.71 17.71 6.00 0.72 Upper
Includes 11.71 13.71 2.00 1.02 Upper

27080 3.66 99.97 96.31 0.28 GMZ
Upper horizon 18.60 38.67 20.07 0.30 Upper
Includes 20.60 27.60 7.00 0.52 Upper
Includes 22.60 24.60 2.00 1.18 Upper
Lower horizon 63.75 99.97 36.22 0.50 Lower
Includes 82.12 96.12 14.00 1.01 Lower
Includes 89.12 96.12 7.00 1.77 Lower
Includes 93.12 96.12 3.00 3.81 Lower

27081 3.66 99.67 96.01 0.33 GMZ
Upper horizon 3.66 56.15 52.49 0.50 Upper
Includes 3.66 24.12 20.46 1.03 Upper
Includes 7.66 19.66 12.00 1.58 Upper
Includes 10.66 19.66 9.00 2.03 Upper
Includes 14.66 19.66 5.00 3.55 Upper
Includes 17.66 19.66 2.00 6.70 Upper

27082 19.99 53.71 33.72 0.20 GMZ
Upper horizon 24.99 37.51 7.52 0.30 Upper
Includes 27.51 30.51 3.00 0.54 Upper
Includes 29.51 30.51 1.00 1.30 Upper
Lower horizon 50.53 61.29 10.76 0.31 Lower
Includes 51.53 53.71 2.18 0.73 Lower

27083 3.66 99.67 96.01 0.27 GMZ
Upper horizon 3.66 18.22 14.56 0.45 Upper
Includes 3.66 8.14 4.48 0.63 Upper
Middle horizon 18.22 39.71 21.49 0.36 Middle
Includes 32.79 37.42 4.63 0.52 Middle
Includes 35.86 37.42 1.56 0.84 Middle
Lower horizon 61.61 99.67 38.06 0.22 Lower
Lower horizon 73.27 77.57 4.50 0.51 Lower

27084 3.66 99.97 96.31 0.24 GMZ
Upper horizon 4.29 28.35 24.06 0.49 Upper
Includes 8.29 10.29 2.00 1.31 Upper

27085 3.66 81.69 78.03 0.30 GMZ
Upper horizon 3.66 54.25 50.29 0.40 Upper
Includes 3.66 19.34 15.38 0.70 Upper
Includes 3.66 11.96 8.00 1.00 Upper
Includes 4.96 9.96 5.00 1.29 Upper
Includes 4.96 6.96 2.00 1.72 Upper

Drill Hole Gold Zone High-Grade Results

Drill Holes GMZ Gold Zone Au (g/t)

DDH 27078 Upper horizon 10.60
DDH 27079 Upper horizon 1.07
DDH 27080 Upper horizon 1.96
Includes Lower horizon 7.10
DDH 27081 Upper horizon 13.30
DDH 27082 Upper horizon 1.30
Includes Lower horizon 1.03
DDH 27083 Middle horizon 1.53
DDH 27084 Upper horizon 1.57
DDH 27085 Upper horizon 2.83


Conclusions

The Panorama Ridge property contains a large surface area of gold mineralization related to silica-iron alteration (skarn) in sedimentary rocks from the Hedley Formation of the Triassic Nicola Group. The gold mineralization is related to the skarn alteration and occurs over an area of approximately two square kilometres. Contained in the alteration area from northeast to southwest are the Nordic, York-Viking and Tower gold zones. These zones are separate entities occurring over a distance of approximately 1,000 metres. The trenching and drilling have narrowed the gap between the zones.

The York-Viking gold zone is the largest of several gold zones discovered on the Panorama Ridge property. 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 Panorama Ridge property was discovered in 2000 when Goldcliff prospected new logging road outcrops. The property has mine-related infrastructure and is readily accessed by roads. Goldcliff has identified multiple 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. The drill core gold values are reported as weighted-average gold values in grams per tonne (g/t). The gold values are continuous over the core interval represented.

Some additional drill assay results have been received and others are forthcoming. These assay results will be reported in an orderly manor. A total of 32 dill holes were drilled in 2007. The exploration work program for 2008 has been formulated. The access road to the Panorama Ridge property has been ploughed of snow and an early start to the drilling program is anticipated.

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.

GOLDCLIFF RESOURCE CORPORATION

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, gcnnews2806.

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