Mr. Andrew Ing reports

NORTHCLIFF SETTLES LOAN

Northcliff Resources Ltd., further to its June 23, 2022, news release, has settled the first tranche, and the second and third tranches, of its $5.2-million "Loan 2" in the amount of $4-million plus accrued interest by issuing 225,789,474 shares to Todd Sisson (NZ) Ltd. The loan was approved by disinterested shareholders at the company's extraordinary general meeting held on Aug. 25, 2022. The drawdown dates for the first tranche, and the second and third tranches, of the loan were Sept. 28, 2022, and Oct. 19, 2022, respectively.

Todd is a subsidiary of the Todd Corp., the company's largest shareholder. Todd now holds 369,584,460 shares or a 76.63-per-cent interest in Northcliff.

About Northcliff Resources Ltd.

Northcliff is a mineral resource company focused on advancing the Sisson tungsten-molybdenum project located in New Brunswick, to production.