Rockcliff Resources Inc.

Rockcliff Resources Inc.

November 29, 2007 09:19 ET

Rockcliff Enters Into Demand Loan Agreement With Insider and Airborne Survey Is Contracted for Snow Lake VMS Project

SUDBURY, ONTARIO--(Marketwire - Nov. 29, 2007) - Rockcliff Resources Inc. ("Rockcliff" or the "Company") (TSX VENTURE:RCR) is pleased to announce that it has entered into a demand loan agreement (the "Demand Loan") with Robin Lowe, an insider of Rockcliff. Additionally, Rockcliff has contracted Geotech Ltd. ("Geotech") of Aurora, Ontario to complete a large airborne geophysical survey on its Snow Lake VMS Project in Snow Lake, Manitoba.

Under the terms of the Demand Loan, Mr. Lowe will lend up to $1,000,000, interest free, to Rockcliff with an initial amount of $500,000 being drawn on November 28, 2007 with the option for Rockcliff to draw down up to an additional $500,000 until June 30, 2008. The loaned amount is repayable, after January 31, 2008, upon Mr. Lowe providing 30 days written notice to Rockcliff. All loaned amounts will be repaid by November 28, 2008 absent written demand from Mr. Lowe.

The initial loaned amount will be partially utilized for a down payment on an airborne geophysical survey to be completed at Rockcliff's Snow Lake VMS Project. The minimum 10,000 line kilometre survey will be conducted by Geotech Ltd. of Aurora, Ontario. The survey will utilize Geotech's versatile time-domain electromagnetic (VTEM) and high sensitivity, cesium vapour magnetometer systems over the entire the 1200 km2 project area. The VTEM system has excellent depth penetration and high spatial resolution capabilities along with superior resistivity discrimination for detection of weaker anomalies. The airborne survey is planned to begin in January 2008. The balance of the funds will be used for general working capital.

The Demand Loan is exempt from the valuation and shareholder approval requirements of Ontario Securities Commission Rule 61-501 (the "Rule") by virtue of the exemptions contained in sections 5.5 2 of the Rule and 5.7(1) 2 in that the fair market value of the debt does not exceed 25% of the Company's market capitalization. The Company intends to proceed with the closing immediately as no payment or obligations exist in respect of the Demand Loan at this time and the Company wishes to secure the airborne contract.

Rockcliff Resources Inc.

Rockcliff Resources Inc. is a Canadian resource exploration company focused on the acquisition and development of high-quality mineral assets associated with world class geology and in world class mining camps. Rockcliff presently controls the Snow Lake VMS Project totalling in excess of 1,200 km2 and located within the Flin Flon greenstone belt. The project presently includes five historical VMS deposits and numerous additional areas with potential for VMS and nickel-copper-platinum group mineralization. Rockcliff also controls the Shihan VMS Project located in Northern Ontario.

Forward Looking Statement:

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Rockcliff undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.

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

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