Goldcliff Resource Corporation: Discovery of New Geophysical Targets Expands Potential at Panorama Ridge

VANCOUVER, BRITISH COLUMBIA, Aug 17 (MARKET WIRE) --
George W. Sanders, President, reports that Goldcliff (TSX VENTURE: GCN)
has identified several high priority airborne geophysical anomalies on
the Company's 100%-owned Panorama Ridge property near Hedley, British
Columbia, Canada. These anomalies have a high correlation with the known
geology and mineralization in the Hedley Gold Basin, along with that of
the nearby historic Nickel Plate and Canty mines (owned by Barrick Gold),
and the Good Hope and French mines, which adjoin the Panorama Ridge
property claims.

The new anomalies clearly identify the mineralized zones associated with
the York-Viking and Nordic zones being drilled by Goldcliff. Additional
anomalies have identified new targets around Panorama Ridge, as well as
new target areas away from the ridge, which suggests the possibility of a
regional occurrence of mineralization. Follow up prospecting and
geochemical sampling is underway on several of these targets.

Flown last October 2008, the airborne geophysical survey accumulated a
total of 312 line kilometres of electromagnetic, magnetic and radiometric
data at a line spacing of 200 metres. Goldcliff recently received the
final interpretation report of this data. The objectives of the survey
were to obtain geophysical information that would define geophysical
features that may be related to geological changes associated with known
gold occurrences and to suggest new areas to explore for additional gold
mineralization.

During the 2008 field season, 6,163 metres of drilling were completed in
81 holes. Since the 2003 discovery hole at Panorama Ridge, a total of
16,611 metres of drilling has been completed totalling 190 drill holes.
The 2008 drilling was focused on the Nordic zone and at the Bonanza
Trench area. Due to the high-grade nature and complex geology of the
Bonanza Trench area, sampling and assaying of these holes was given
priority. Results disclosed April 6, 2009, confirmed several drilling
intercepts containing elevated gold grades.

Goldcliff has begun shipping over 4000 metres of drill core samples to
the assay laboratory. These samples are primarily from the Nordic zone
drilling, but they also include holes from the York-Viking and Bonanza
Trench areas. These holes were drilled during the 2008 field season, but
the core was retained in a secure facility pending improved financing
conditions and equity markets.

To date, trenching and drilling have concentrated on developing two gold
zones at Panorama Ridge: the York-Viking and the Nordic. The Bonanza
Trench area is located in the south-west corner of the York-Viking zone.
These two zones have demonstrated good continuity of gold mineralization
up and down the holes, from hole to hole, and from section to section.
Trenching and drilling have also demonstrated that the mineralization
comes to surface. Both zones remain open, and other showings on Panorama
Ridge remain to be drill tested.

As financing sources evaporated and equity markets drastically declined
in late 2008 and early 2009, Goldcliff elected to curtail further
property expenditures in an effort to conserve cash. Recent financings
have enabled the company to proceed with the program outlined above.

The gold mineralization on the Panorama Ridge gold property is related to
the pervasive silica-iron replacement (skarn alteration) of the
sedimentary rocks. The Panorama Ridge property is located four kilometres
east of the historic Nickel Plate-Mascot mines that once produced 2.5
million ounces of gold. Discovered in 2000 when Goldcliff prospected new
logging road outcrops the property has mine-related infrastructure and is
readily accessed by roads. Goldcliff has identified multiple gold zones
that have economic potential. The results of the airborne geophysical
survey have expanded the scope of exploration and the potential for
additional gold mineralization within Goldcliff's claimed area.

Leonard W. Saleken, PGeo (geologist), and Edwin R. Rockel, PGeo
(geophysicist), are the qualified persons as defined by National
Instrument 43-101 who supervised the preparation and verification of the
technical information in this release.

GOLDCLIFF RESOURCE CORPORATION

George W. Sanders, President, Director

Neither TSX Venture Exchange
nor its Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept responsibility for the
adequacy or the accuracy of this news release, gcnnews2907.

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

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