Goldcliff Resource Corporation
TSX VENTURE : GCN

Goldcliff Resource Corporation

March 20, 2007 16:56 ET

Goldcliff Strengthens Leadership Team

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 20, 2007) - Leonard W. Saleken, Chairman of Goldcliff Resource Corporation (TSX VENTURE:GCN), is pleased to announce the appointment of George Walter Sanders as President of Goldcliff Resource Corporation, effective immediately. Mr. Sanders has been a Director of Goldcliff since 2002. Mr. Saleken moves from President to Chairman of the Company.

As President, Mr. Sanders will be responsible for all corporate finance activity and corporate communications, and co-responsible with Mr. Saleken for business development activities. Mr. Saleken will continue to be responsible for all exploration and development activity.

Mr. Sanders has 28 years experience in various aspects of exploration financing. At various times, he has been responsible for exploration project expediting, investor relations, and corporate management of junior exploration and mining companies. Mr. Sanders also spent 14 years as an investment advisor and junior mining analyst with Canaccord Capital Corporation. Most recently, Mr. Sanders served as Vice President Corporate Development for Shore Gold Inc., and President of Shore's gold spin out, Wescan Goldfields Inc. Mr. Sanders is a Director of Bitterroot Resources Ltd. and SilverCrest Mines Inc.

This addition to the leadership team of Goldcliff will streamline management roles and provide for the effective execution of Goldcliff's business plan.

Mr. Sanders will subscribe for a private placement of 500,000 shares of Goldcliff at a price of $0.19 per share, bringing his share position to 1,000,000 shares.

Goldcliff is a mineral exploration Company led by experienced geoscientists. The Company's primary asset is the 100% owned Panorama Ridge gold property which is at the delineation drill stage. Goldcliff also holds generative stage projects for silver and uranium. All projects are located in southern British Columbia.

GOLDCLIFF RESOURCE CORPORATION

Leonard W. Saleken, PGeo., Chairman, CEO

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

Contact Information

  • Goldcliff Resource Corporation
    Leonard W. Saleken
    (604) 685-5685 or Toll Free: 1-866-769-4802
    or
    Goldcliff Resource Corporation
    George W. Sanders
    (604) 685-5685 or Toll Free: 1-866-769-4802
    or
    Goldcliff Resource Corporation
    Edwin R. Rockel
    (604) 685-5685 or Toll Free: 1-866-769-4802
    (604) 261-8994 (FAX)
    Email: info@goldcliff.com
    Website: www.goldcliff.com