Redcliffe Exploration Inc.
TSX VENTURE : RXP.A
TSX VENTURE : RXP.B

Redcliffe Exploration Inc.

June 10, 2008 19:56 ET

Redcliffe Announces Stock Option Grant

CALGARY, ALBERTA--(Marketwire - June 10, 2008) -

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS.

Redcliffe Exploration Inc. ("Redcliffe" or the "Company") (TSX VENTURE:RXP.A) (TSX VENTURE:RXP.B) is pleased to announce the grant of stock options in connection with recent additions and changes to the directors, management and staff of the Company. Pursuant to the policies of the TSX Venture Exchange and the Company's stock option plan, the Board of Directors of Redcliffe has approved the grant of stock options to certain directors, officers and employees to acquire an aggregate of 350,000 Class A shares at an exercise price of $0.69 per share for a period of five years. After the above grant, the Company has 5,656,250 stock options outstanding at an average exercise price of $0.49.

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Forward-Looking Statements: This news release contains statements about future events that are forward looking in nature and, as a result, are subject to certain risks and uncertainties such as changes in plans or the occurrence of unexpected events. Actual results may differ from the estimates provided by management.

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Contact Information

  • Redcliffe Exploration Inc.
    Daryl H. Connolly
    President & CEO
    (403) 539-8440
    (403) 539-8433 (FAX)
    Email: dconnolly@redcliffe.ca
    or
    Redcliffe Exploration Inc.
    George Gramatke
    Vice President, Finance & CFO
    (403) 539-8442
    (403) 539-8433 (FAX)
    Email: ggramatke@redcliffe.ca