Goldcliff Resource Corporation
TSX VENTURE : GCN

Goldcliff Resource Corporation

June 19, 2008 21:44 ET

Goldcliff Second Financing Close

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 19, 2008) - George W. Sanders, President of Goldcliff Resource Corporation (TSX VENTURE:GCN) announces that the Company has closed the second tranche of a non-brokered private placement of 80,000 units at a price of 28 cents per unit for gross proceeds of $22,400. Each unit consists of one common share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of 55 cents for a period of one year from closing. The shares and shares purchased by way of warrant exercise are subject to a resale restriction until October 17, 2008. A cash Finders' Fee of 6% is payable to Raymond James Ltd.

GOLDCLIFF RESOURCE CORPORATION

George W. Sanders, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this news release, gcnnews2811.

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