Mr. Andrew Ing reports

NORTHCLIFF PROVIDES PROJECT UPDATE

Northcliff Resources Ltd. has provided an update on the Sisson tungsten-molybdenum project, a critical minerals project located in New Brunswick.

In 2023, the company advanced its Sisson project work plan.

• Geotechnical drilling and testing field program:
  • The phase 1 drilling program, designed to provide information on the site characterization and support additional design detail of the tailings storage facility, is completed.
  • The phase 1 drilling program will also support other continuing engineering related activities and respond to certain provincial environmental impact assessment (EIA) conditions prior to the start of construction.
• Archeological work program:
  • The phase 1 field program under way involves mitigation activities in compliance of EIA conditions, and the development of a Heritage Resource Protocol and related activities.
• Discussions regarding an engagement plan to address EIA conditions of significance to first nations continue.
• Continue to address other conditions associated with the three-year extension to the construction commencement timeline for the Sisson project to Dec. 3, 2025, granted by New Brunswick's Minister of Department of Environment and Climate Change.

Andrew Ing, chief executive officer, commented: "With the support of local contractors, vendors, community and consultants, we have successfully completed phase 1 geotechnical drilling and are advancing phase 1 archeological work. I would like to thank the local contractors for their assistance, as we continue to advance the Sisson project toward construction. Planning for field work in 2024 is under way. We will continue to work collaboratively with the regulators in New Brunswick and first nations as we address EIA conditions."

The company also continues to advance offtake and project finance discussions with interested parties; and pursue funding opportunities under the Critical Minerals Joint Action Plan between Canada and the United States.

In this regard, Northcliff recently participated in the International Tungsten Industry and Association (ITIA) Annual Conference, held in Osaka, Japan, in October, 2023, at which discussions on offtake and finance were held with off-takers, investors, supply chain companies and tungsten industry leaders. "Favourable meetings with the conference participants were held during ITIA," commented Andrew Ing, chief executive officer. "These discussions included status of the Sisson project as a strategic asset, as well as momentum gained from the execution of the field program and ongoing corporate activities driving toward the construction commencement timeline of December, 2025."

The company will also be featured in Canadian Mining Magazine's Winter Edition Publication with an article on critical minerals and its Sisson project to be published in January, 2024, ahead of Prospectors & Developers Association of Canada annual conference in March, 2024.

About Northcliff Resources Ltd.

Northcliff is a mineral resource company focused on advancing the feasibility-stage Sisson tungsten-molybdenum project located in New Brunswick, Canada, to production. Northcliff owns an 88.5-per-cent interest in the Sisson Partnership, which owns the Sisson tungsten-molybdenum project. Todd Corp. holds an 11.5-per-cent interest in the Sisson Partnership and owns 76.63 per cent of the issued and outstanding shares of Northcliff.

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