Mr. Andrew Ing reports

NORTHCLIFF SETTLES LOAN

Further to its June 23, 2022, news release, Northcliff Resources Ltd. has settled the fourth (final) tranche of the $5.2-million loan 2 in the amount of $1.2-million, plus accrued interest, by issuing 69,473,684 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 date for the fourth tranche was Dec. 2, 2022.

Todd is a subsidiary of Todd Corp., the company's largest shareholder. Todd now holds 439,058,144 shares, or a 79.57-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, Canada, to production.