Goldcliff Resource Corporation: High-Grade Gold Minerals Identified at Bonanza Trench

VANCOUVER, BRITISH COLUMBIA, May 20 (MARKET WIRE) --
Leonard W. Saleken, Chairman of Goldcliff Resource Corporation (TSX
VENTURE: GCN) is pleased to announce that the high-grade gold minerals of
the Bonanza Trench's 17.368 gold ounces per short ton sample have been
identified by electron microprobe analysis. This finding is significant
because it is the first time that these native gold minerals -
specifically, hedleyite and joseite - have been identified on the
Panorama Ridge property. Now that Goldcliff knows what specific minerals
to look for, it can further focus its exploration for high-grade gold
zones on the Company's 100%-owned Panorama Ridge property. Hedleyite is
the signature high-grade gold mineral in the Hedley mining district.

The Bonanza Trench high-grade gold mineralization was identified in the
high-grade gold hand sample from the trench and confirmed by electron
microprobe analysis. The minerals are hedleyite and joseite
(gold-bismuth-tellurium alloys), and native gold. These gold minerals are
the high-grade gold contributors to the gold mines in the Hedley mining
district, and are recognizable in the field with careful observation.

Bonanza Trench High-Grade Gold Minerals

The gold minerals in the Bonanza Trench samples are native gold,
hedleyite and joseite. These three gold minerals resulted in a combined
metallic assay of 17.368 ounces gold per short ton or 596 grams gold per
tonne (previously reported). The native gold in the oversize fraction
contributed 2.057 ounces gold per short ton and the undersize fraction of
hedleyite and joseite contributed 15.311 ounces gold per short ton. The
high-grade gold sample contained very anomalous bismuth and tellurium
values along with 9.4 grams per tonne silver.

Hedleyite was first identified in 1945, at the Good Hope mine in Hedley,
BC, by H.V. Warren and M.A. Peacock of the University of British
Columbia. Hedleyite is the signature high-grade gold mineral that
contributed to the ore deposits of the Good Hope, French and Nickel Plate
mines that produced 2.5 million ounces of gold in the Hedley gold mining
district.

Bonanza Trench Gold Mineralogical Analysis

The native gold and the gold-bismuth-tellurium alloys of hedleyite and
joseite were identified by electron analysis. The minerals were
identified by an electron microprobe (ARL SEMQ electron microprobe) and
scanning electron microscope methods. The analysis was conducted by
Cannon Microprode, Seattle, WA.

Bonanza Trench Importance and Conclusions

Hedleyite, joseite and native gold are the important contributors to the
high-grade gold values in the Bonanza Trench on the Panorama Ridge
property and other gold mines in the Hedley gold mining district.

The identification of native gold, hedleyite and joseite at the Bonanza
Trench allows Goldcliff to focus its exploration for other high-grade
gold areas on the Panorama Ridge property.

Leonard W. Saleken, PGeo (geologist), 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

TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or the
accuracy of this news release, gcnnews2807.

Contacts:
Goldcliff Resource Corporation
George W. Sanders
President
(250) 764-8879 or Toll Free: 1-866-769-4802
(604) 261-8994 (FAX)
Email: sanders@goldcliff.com or info@goldcliff.com
Website: www.goldcliff.com

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