Mr. George Sanders reports

NEW GOLD TARGETS GENERATED FROM RECENT SAMPLING AND REVIEW OF HISTORIC DATA AT PANORAMA RIDGE

An analysis of recent sampling as part of a detailed review of historic data has revealed new high-priority targets for additional gold mineralization at Goldcliff Resource Corp.'s 100-per-cent-owned Panorama Ridge property near Hedley, B.C. Prospecting, and soil, sediment and rock sampling were undertaken in September, 2022. Sampling results, including 6.76 grams per tonne gold and 5.02 g/t Au from rock sampling of float specimens, were discussed in the Goldcliff news release dated Feb. 6, 2023. The recently filed assessment report discussing the September, 2022, program included a detailed review of all historic data from Panorama Ridge. The recent sampling results are therefore able to be better understood in the context of the known gold mineralization at Panorama Ridge.

The database for Panorama Ridge is extensive. After staking the property in 2000, Goldcliff conducted several seasons of exploration, including stream sediment and soil sampling, magnetic and electromagnetic surveying, trench excavation, and channel sampling of trenches, outcrops and old workings. Core drilling was begun in 2003 with several programs conducted until 2008. To date, 196 trenches with 6,198.8 lineal metres of trenches have been excavated and sampled on Panorama Ridge, along with 190 core drill holes totalling 16,611 metres. Trenching and drilling outlined significant gold mineralization at the Tower, York-Viking, Thor and Nordic zones.

Much of Goldcliff's recent exploration has been in areas with new logging road access and in new cut blocks. During the company's earlier programs, many of these areas were not easily reached and were covered with overburden. Analyzed in the context of all previous exploration activities, the recent sampling has yielded three high-priority targets for finding additional gold mineralization.

Most compelling is the Pillar target, which occupies the northwesterly facing slope of Panorama Ridge, south of the York zone. Previously, this target area had little to no access and was heavily timbered. Ten old pits and trenches were identified likely dating to the early 1900s. The area of these pits has not yet been thoroughly investigated or sampled.

Further detailed prospecting and geochemical and geophysical surveys are recommended to advance the priority targets to trenching and drilling stage.

Ed Rockel, PGeo, qualified person as defined by National Instrument 43-101, supervised the preparation and verification of the technical information contained in this release.

We seek Safe Harbor.