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News Releases

Societe Generale appointed as Financial Advisor for the Sisson Project



March 18, 2014 Fredericton, New Brunswick - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) is pleased to announce that Sisson Mines Ltd., as general partner of the Sisson Project Limited Partnership (the "Limited Partnership"), has appointed Societe Generale Corporate & Investment Banking ("Societe Generale") as its financial advisor to assist with the development and execution of the overall financing structure of the Sisson Tungsten-Molybdenum Project (the "Sisson Project") located in central New Brunswick, Canada.

Mr. Bryce Hamming, Director of Sisson Mines, states "We are pleased to be appointing Societe Generale, a leading international investment bank with highly regarded expertise in the mining sector, to assist the Limited Partnership in its financing of the Sisson Project."

About Northcliff

Northcliff, associated with Hunter Dickinson Inc. (HDI), is a mineral resource company focused on advancing the Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. The results of the Feasibility Study, completed in January 2013, confirm that the Sisson Project is technically and economically feasible and can now move on to the next stage of development. For further details on Northcliff and the Sisson Tungsten-Molybdenum Project please visit Northcliff's website: www.northcliffresources.com.

About Societe Generale

Societe Generale is a leading financial services provider with global reach in the mining sector, providing financing, risk management and advisory services within its natural resources and energy financing group.

Chris Zahovskis, President & CEO
Northcliff Resources Ltd.

For more information:
Dan Gibbons, Investor Relations
Northcliff Resources Ltd.
778-373-6908

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address permitting, exploration drilling, exploitation activities and events or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Assumptions used by the Company to develop forward-looking statements include the following: the Sisson Project will obtain all required environmental and other permits for construction of the mine, the Sisson Project will achieve targeted production levels; the Company's study and development of the Sisson Project will continue to be positive; contracted parties provide goods and/or services on the agreed timeframes; equipment necessary for construction and development is available and does not incur unforeseen breakdowns; no material labour slowdowns or strikes are incurred; plant and equipment functions as specified; geological or financial parameters do not necessitate future mine plan changes; and no geological or technical problems occur. Factors that could cause actual results to differ materially from those in forward-looking statements include uncertainty of shareholder support, the need for judicial and regulatory approvals, fluctuations in market prices, exploitation and exploration successes, continuity of mineralization, potential environmental issues and liabilities associated with exploration, development and mining activities, uncertainties related to the ability to obtain necessary environmental, land use and other permits, approvals, licenses and title on a timely basis and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.

 
 

News Releases

Northcliff Strengthens Sisson Project Team with Key New Brunswick Addition



March 4, 2014 Fredericton, New Brunswick - Northcliff Resources Ltd. ("Northcliff" or the "Company")(TSX: NCF), on behalf of the Sisson Partnership, is pleased to announce that Louise Steward has joined the Company as Vice President, Regulatory & Government Affairs.

Northcliff President & CEO Chris Zahovskis said, "We are extremely pleased to welcome Louise to the Sisson Project team. Louise has experience permitting large projects in New Brunswick and she will oversee all matters dealing with regulatory affairs, stakeholder and First Nations engagement for the Sisson Project. The addition of Louise to the project team represents another key step in the development of this project as we move through permitting towards construction."

Louise will oversee all matters dealing with regulatory affairs and guide the development of the Sisson Project through permitting. Louise brings 25 years of experience in New Brunswick working in regulatory affairs, environmental impact assessment and public and aboriginal consultation. In her role as a Project Manager with the provincial government, Louise's responsibilities and achievements included the review of various capital projects. In the private sector, she has provided project management, developed work plans and environmental permitting strategies for major projects pursuant to the federal and provincial environmental impact assessment legislation. In her roles, she has also been responsible for public and aboriginal consultation, which required building positive and respectful relationships with community leaders, ENGOs and Aboriginal communities as well as various government agencies at the federal, provincial and municipal levels.

Louise has a degree in engineering from the University of New Brunswick. She will work out of our Fredericton office.

About Northcliff Resources Ltd.

Northcliff, associated with Hunter Dickinson Inc. (HDI), is a mineral resource company focused on advancing the Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. The results of the Feasibility Study, completed in January 2013, confirm that the Sisson Project is technically and economically feasible. The Sisson Project is now in Environmental Impact Assessment review process.

For further details on Northcliff and the Sisson Tungsten-Molybdenum Project please visit Northcliff's website: www.northcliffresources.com.

Chris Zahovskis, President & CEO
Northcliff Resources Ltd.

For more information:

Greg Davidson
Community Relations Manager
506-455-0530

Dan Gibbons
Investor Relations
778-373-6908
 
 

News Releases

Northcliff Strengthens Sisson Project Team: Adds Vice President, Engineering



November 14, 2013 - Vancouver, British Columbia - Northcliff Resources Ltd. ("Northcliff" or the "Company") is pleased to announce that Kelly Boychuk, P.Eng., MBA, has joined the Company as Vice President of Engineering. As part of the Northcliff management team and reporting to the CEO, Mr. Boychuk will focus on the integration of project engineering into the environmental assessment process and development of the engineering strategy for the Sisson Project.

Kelly Boychuk is a Qualified Professional Engineer (geotechnical) and MBA (finance specialization) with over 20 years of experience in mining and hydroelectric projects in North and South America. His experience spans exploration, development, permitting, engineering, construction and operation phases of precious and base metal projects. With experience in Mexico, Chile, Argentina, Bolivia, Guyana, USA (Nevada) and Canada, he has a diverse knowledge base as an engineer, contractor and project developer. He spent a decade as a design and field engineer with Knight Piésold on multiple mining construction projects throughout the Americas, and another decade as a contractor with Ledcor Mining & Power divisions providing project development expertise, construction estimate management and field supervision for both mining and hydroelectric projects in British Columbia. Recently, with Silver Standard Resources, he was involved with both project development of a greenfield mine in Mexico and on-going operations for an expanded tailings storage facility in Argentina. In project development, Mr. Boychuk has been a key part of project teams that have successfully completed the federal Canadian Environmental Assessment (CEA) process and First Nations impact-benefits agreements.

Northcliff President & CEO Chris Zahovskis said, "We are extremely pleased to have Kelly on the team. He has the experience and expertise to lead the Sisson Project engineering as Northcliff moves through permitting, construction and into operation."

About Northcliff Resources Ltd.

Northcliff, associated with Hunter Dickinson Inc. (HDI), is a mineral resource company focused on advancing the Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. The results of the Feasibility Study, completed in January 2013, confirm that the Sisson Project is technically and economically feasible and can now move on to the next stage of development.

For further details on Northcliff and the Sisson Tungsten-Molybdenum Project please visit the Company's website: www.northcliffresources.com.

Chris Zahovskis
President & CEO

For more information:
Dan Gibbons, Investor Relations
778-373-6908

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address permitting, exploration drilling, exploitation activities and events or developments that the company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include uncertainty of shareholder support, the need for judicial and regulatory approvals, market prices, potential environmental issues or liabilities associated with exploration, development and mining activities, exploitation and exploration successes, continuity of mineralization, potential environmental issues and liabilities associated with exploration, development and mining activities, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.
 
 

News Releases

Northcliff Closes Todd Corporation Financing for Sisson Tungsten-Molybdenum Project and Appoints new Director to the Board



October 16, 2013 Fredericton, New Brunswick - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) is pleased to announce it has closed its financing with Todd Minerals Ltd. ("Todd") for the Sisson Tungsten-Molybdenum Project (the "Sisson Project") located in central New Brunswick, Canada. Todd is a subsidiary of the family owned Todd Corporation, one of New Zealand's most successful companies and which has a growing portfolio of mineral investments.

As previously announced (see Northcliff news release dated October 3, 2013), Todd completed a private placement of $5 million and acquired ownership and control of 13,888,889 common shares of Northcliff, becoming the largest shareholder of the Company with an approximate 15% interest in Northcliff. In addition, Todd and Northcliff entered into a limited partnership agreement under the name of the Sisson Project Limited Partnership (the "Limited Partnership") in which Todd acquired an initial 11.5% interest for an initial contribution of $14 million in the Sisson Project on a staged basis, with an initial payment of $5 million made on the closing date. In addition, Todd has the option to acquire an additional 10% interest in the Limited Partnership by investing $20 million in the Limited Partnership upon a final investment decision to commence construction.

As part of its investment, Todd was entitled to nominate a director to the board of Northcliff and Mr. Michael Wolley, Vice President Minerals and Coal for the Todd Corporation was nominated and approved on closing.

Mr. Wolley holds a first class honors degree in Chemical and Materials Engineering (University of Auckland) and a Masters of Management (Macquarie Graduate School of Management). Mr. Wolley had a 15 year career with Mobil Oil Australia in a range of roles including engineering, operations, strategic planning and business development in Australia and New Zealand. In 1995, he left Mobil to pursue opportunities in Asia Pacific and worked in a number of senior executive roles in the manufacturing and industrial sectors including a period as President BlueScope Steel China. In 2007, Mr. Wolley returned to the resources sector as Chief Operating Officer for Lynas Corporation, and subsequently into the gold sector where he is a Director of Red Mountain Mining, an ASX-listed gold development business.

Mr. Wolley is a director of Wolf Minerals Ltd, an ASX-listed company, advancing the Hemerdon tungsten-tin project in the United Kingdom. He is also a director of Montero Mining, a TSX-listed resources business, Rutila Resources, an ASX-listed resources business and also sits on the Board of Strattera, the New Zealand minerals industry body, and is a member of the AICD and the NZICD1.

About Northcliff Resources Ltd.

Northcliff, associated with Hunter Dickinson Inc. (HDI), is a mineral resource company focused on advancing the Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. The results of the Feasibility Study, completed in January 2013, confirm that the Sisson Project is technically and economically feasible and can now move on to the next stage of development.

For further details on Northcliff and the Sisson Tungsten-Molybdenum Project please visit Northcliff's website: www.northcliffresources.com.

Chris Zahovskis, President & CEO
Northcliff Resources Ltd.
For more information:

Dan Gibbons, Investor Relations
Northcliff Resources Ltd.
778-373-6908

1 Australian Institute of Company Directors and the New Zealand Institute of Company Directors

This release includes certain statements that may be deemed "forward-looking statements".

All statements in this release, other than statements of historical facts, that address permitting, exploration drilling, exploitation activities and events or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Assumptions used by the Company to develop forward-looking statements include the following: the transaction with Todd will close on a timely basis, the Sisson Project will achieve targeted production levels; the Company's study and development of the Sisson Project will continue to be positive; contracted parties provide goods and/or services on the agreed timeframes; equipment necessary for construction and development is available and does not incur unforeseen breakdowns; no material labour slowdowns or strikes are incurred; plant and equipment functions as specified; geological or financial parameters do not necessitate future mine plan changes; and no geological or technical problems occur. Factors that could cause actual results to differ materially from those in forward-looking statements include uncertainty of shareholder support, the need for judicial and regulatory approvals, fluctuations in market prices, exploitation and exploration successes, continuity of mineralization, potential environmental issues and liabilities associated with exploration, development and mining activities, uncertainties related to the ability to obtain necessary environmental, land use and other permits, approvals, licenses and title on a timely basis and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.

 
 

News Releases

Northcliff Secures Todd Corporation as Financing Partner for Sisson Tungsten-Molybdenum Project



October 3, 2013 Fredericton, New Brunswick - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) and Todd Minerals Ltd. ("Todd") are pleased to announce that they have entered into agreements for Todd to provide up to $39 million in funding for the Sisson Tungsten-Molybdenum Project (the "Sisson Project") located in central New Brunswick, Canada, in exchange for a direct interest in the Sisson Project and shares in Northcliff. Todd is a subsidiary of the family owned Todd Corporation, one of New Zealand's most successful companies and which has a growing portfolio of mineral investments.

Details of the investment by Todd are:

Investment in Northcliff

  • Todd will complete a private placement and will acquire ownership and control of 13,888,889 common shares of Northcliff for $5 million, at a share price of $0.36 per share. The price paid for the private placement represents a 20 percent premium to the 30 day volume-weighted average price on the Toronto Stock Exchange prior to announcement. Todd will become the largest shareholder of the Company with an approximate 15% interest in Northcliff and Todd will have the right to nominate a board member to the Northcliff board and the right to maintain its 15% shareholding in Northcliff by participating pro rata in any future common share offering of Northcliff. Todd has agreed that it will not, subject to certain exceptions, sell its shares in Northcliff until 24 months after closing of the investment.

Sisson Project Interest

  • Todd and Northcliff will enter into a limited partnership agreement under the name of the Sisson Project Limited Partnership (the "Limited Partnership") to advance and operate the Sisson Project.
  • Todd will have the right to acquire an initial 11.5% interest in the Limited Partnership by investing $14 million on a staged basis. Failure to complete the full $14 million investment will result in Todd divesting its entire interest in the Limited Partnership.
  • Todd's initial investment will be made in three tranches with the first tranche of $5 million to be made on the execution date of the Limited Partnership agreement. The remaining two investment tranches of $5 million and $4 million are to be made by Todd upon completion of agreed project milestones.
  • Todd holds an option to acquire an additional 10% interest in the Limited Partnership (for a total potential interest of 21.5% in the Limited Partnership) by investing $20 million in the Limited Partnership upon a final investment decision to commence construction.
  • To the extent that Todd's investment has, from time to time, been exhausted to fund project expenses, Todd and Northcliff will each be required to fund their pro rata portions of the development capital of the Sisson Project.
  • Todd and Northcliff will have pro rata representation on the board of the General Partner of the Limited Partnership.
  • Northcliff will be the operator of the Sisson Project under the terms of a management services agreement with the General Partner of the Limited Partnership.

Northcliff President & CEO Chris Zahovskis said, "We are extremely pleased to have Todd join us at this important stage of the Sisson Project's advancement. Tungsten market fundamentals remain strong with robust prices and continued supply restrictions out of China. These factors underpin the investment case for advanced tungsten deposits in low risk jurisdictions. Todd is an important strategic investor in the Sisson Project as Northcliff sets out to permit, build and operate the Sisson mine in New Brunswick."

Todd Group CEO, Jon Young said, "Todd is pleased to be associated with the Sisson Project which, once developed, will be a significant new tungsten producer. The investment is consistent with Todd's strategy of partnering with proven operators to develop long-term projects."

Zahovskis also noted "The initial funding from Todd totaling up to $19 million is earmarked for ongoing environmental work to support the harmonized Environmental Impact Assessment process currently being undertaken by the federal and provincial governments, as well as furthering design and engineering studies to advance planning from the feasibility study completed earlier this year, sourcing project financing and off-take arrangements." The positive feasibility study on the Sisson Project (see Northcliff news release dated January 29, 2013) confirmed the technical and economic robustness of the long-life open pit development and its potential to be a strategic near-term tungsten development in a stable jurisdiction. The study, prepared by Samuel Engineering, Inc. estimated annual average production of 557,000 mtu WO3 contained in APT and 4.1 million pounds Mo contained in concentrates over 27 years of operation based on a 30,000 tonne per day mill throughput . The Sisson Project is expected to employ at least 300 people in New Brunswick with up to 500 during the construction phase.

Northcliff Chairman Marchand Snyman said "The investment by Todd, which has an excellent track record of managing and investing in diverse fields for more than a century is a testament to the work done on the Sisson Project by the Northcliff team. We welcome Todd's participation in the Sisson Project as a long term partner."

The transaction is subject to regulatory approvals and is scheduled to close in early October.

About Northcliff Resources Ltd.

Northcliff, associated with Hunter Dickinson Inc. (HDI), is a mineral resource company focused on advancing the Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. The results of the Feasibility Study, completed in January 2013, confirm that the Sisson Project is technically and economically feasible and can now move on to the next stage of development. For further details on Northcliff and the Sisson Tungsten-Molybdenum Project please visit Northcliff's website: www.northcliffresources.com.

About Todd Minerals Ltd. and Todd Corporation

Todd is the subsidiary of Todd Corporation charged with the development of Todd Corporation's mineral and coal investments. Todd Corporation is family owned and is one of New Zealand's largest and most successful companies. The company has interests in oil and gas exploration and production, electricity generation, energy retailing, property development, healthcare, telecommunications and wine. Todd Minerals Ltd. is headquartered at The Todd Building, 95 Customhouse Quay, PO Box 3141, Wellington, New Zealand. Todd has agreed to purchase the Northcliff common shares for investment purposes and may or may not purchase or sell Northcliff securities in the future on the open market or in private transactions, depending on market conditions and other factors. The Northcliff securities were acquired pursuant to the minimum amount investment exemption under applicable securities laws. A copy of the early warning report to be filed by Todd in connection with the investment will be available on Northcliff's profile on SEDAR at www.sedar.com or contact Mike Munro at +64 4 917 8852.

Chris Zahovskis, President & CEO
Northcliff Resources Ltd.
Jon Young, Group Chief Executive Officer
The Todd Corporation Limited

For more information:

Dan Gibbons, Investor Relations
Northcliff Resources Ltd.
778-373-6908
Mike Munro, Group Manager Corporate Affairs
The Todd Corporation Limited
+64 4 917 8852

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address permitting, exploration drilling, exploitation activities and events or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Assumptions used by the Company to develop forward-looking statements include the following: the transaction with Todd will close on a timely basis, the Sisson Project will achieve targeted production levels; the Company's study and development of the Sisson Project will continue to be positive; contracted parties provide goods and/or services on the agreed timeframes; equipment necessary for construction and development is available and does not incur unforeseen breakdowns; no material labour slowdowns or strikes are incurred; plant and equipment functions as specified; geological or financial parameters do not necessitate future mine plan changes; and no geological or technical problems occur. Factors that could cause actual results to differ materially from those in forward-looking statements include uncertainty of shareholder support, the need for judicial and regulatory approvals, inability of the Company and Todd to achieve fulfillment of all conditions under the definitive agreements with respect to the transactions described herein, fluctuations in market prices, exploitation and exploration successes, continuity of mineralization, potential environmental issues and liabilities associated with exploration, development and mining activities, uncertainties related to the ability to obtain necessary environmental, land use and other permits, approvals, licenses and title on a timely basis and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.
 
 

News Releases

Sisson Project Open Houses - October 1-3, 2013



The Sisson Project is holding 3 open houses next week. We hope to see you there.

 
 

News Releases

Northcliff Submits Environmental Impact Assessment for Sisson Tungsten-Molybdenum Project



August 1, 2013 Fredericton, New Brunswick - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) is pleased to announce it has completed the Environmental Impact Assessment Report ("EIA Report") for the Sisson Tungsten-Molybdenum Project (the "Project") located in central New Brunswick. The EIA Report, submitted to the federal Canadian Environmental Assessment Agency and the New Brunswick Department of Environment and Local Government on July 31, 2013, describes the Project and its potential environmental effects, as well as measures to avoid or minimize environmental effects throughout project construction, operation and closure phases.

Northcliff President & CEO Chris Zahovskis said, "Submission of the Sisson Project EIA Report marks a critical milestone for Northcliff and advances our goal of creating a significant new North American tungsten producer. Northcliff is committed to developing a project that respects the importance New Brunswick residents place on their land, water and other natural resources. This comprehensive EIA Report, prepared by Stantec with input from leading industry engineering consultants, represents the culmination of two years of field work, baseline studies and engineering. The EIA Report demonstrates the prominence Northcliff places on designing, constructing, operating and closing this project in a responsible manner."

The public will have its first opportunity to review and comment on the EIA Report when the document is posted on the Canadian Environmental Assessment Agency website. Information on public comment periods and meetings will be provided by the Canadian Environmental Assessment Agency and the New Brunswick Department of Environment and Local Government. The EIA review, which is a harmonized process involving both the Province of New Brunswick and the federal government, is expected to take approximately one year to complete. Northcliff has a community and First Nations outreach program that will continue through all stages of development and closure.

About Northcliff Resources Ltd.

Northcliff, associated with Hunter Dickinson Inc. (HDI), is a mineral resource company focused on advancing the Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. The results of the Feasibility Study, completed in January 2013, confirm that the Sisson Project is technically and economically feasible and can now move on to the next stage of development.

For more information on Northcliff and the Sisson Tungsten-Molybdenum Project please visit Northcliff's website: www.northcliffresources.com.

Chris Zahovskis, President & CEO
Northcliff Resources Ltd.


For more information:
Greg Davidson, Community Relations Manager
Northcliff Resources Ltd.
506-455-0530
GregDavidson@northcliffresources.com

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address permitting, exploration drilling, exploitation activities and events or developments that the company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include uncertainty of shareholder support, the need for judicial and regulatory approvals, market prices, exploitation and exploration successes, continuity of mineralization, potential environmental issues and liabilities associated with exploration, development and mining activities, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.
 
 

News Releases

Northcliff Signs Process Agreement with Woodstock First Nation



Agreement Provides Framework for Cooperation Agreement Negotiations and Community Consultation

June 27, 2013 Fredericton, New Brunswick - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) is pleased to announce it has signed a Process Agreement (the "Agreement") with the Woodstock First Nation for the Sisson Tungsten-Molybdenum Project located in central New Brunswick. The Agreement provides a framework for Northcliff and the Woodstock First Nation to negotiate a Cooperation Agreement and to work together on community consultation efforts.

Woodstock First Nation Chief Len Tomah, Jr. said, "This is a first and important step for the Woodstock First Nation to take with the Company in assessing whether the proposed Sisson Project can provide sustainable opportunities for our community. There is a great deal that our membership needs to learn about with respect to both the potential impacts and benefits of this Project, and through this Process Agreement, we hope to become better informed about the Sisson Project."

Northcliff President & CEO Chris Zahovskis said, "I would like to thank the Woodstock First Nation for their willingness to explore opportunities with us related to the development of the Sisson Project. We believe the proposed project has the potential to create long term benefits for New Brunswick First Nations and this agreement is a step in that direction. We have agreed to implement a community consultation process that is based on open dialogue and good faith. We have also agreed to implement a process to negotiate a long term Cooperation Agreement with the Woodstock First Nation. Northcliff is committed to meaningful consultation with First Nations and we look forward to establishing a long term partnership with the Woodstock First Nation."

The Process Agreement consists of the following key areas:

Cooperation Agreement Negotiations

The Process Agreement outlines the approach for the establishment of a Cooperation Agreement that would record the formal relationship and associated benefits negotiated between the two parties. A Cooperation Agreement, commonly referred to as an Impact and Benefits Agreement, is a long term agreement between a company and a First Nation setting out the obligations, responsibilities and benefits of the various parties. Northcliff and the Woodstock First Nation have agreed to negotiate in good faith and in a spirit of cooperation and mutual respect. A Cooperation Agreement could contain commitments related to environmental protection, education and employment of Woodstock First Nations members, social and cultural protection and enhancements, and economic benefits.

Community Consultation Process

A key aspect of the consultation process is engaging First Nations community members to discuss potential impacts of the project on First Nations' interests. As part of the Process Agreement, the Woodstock First Nation will implement a community consultation process that will inform the community about the status of the potential development and learn what the community thinks about the Sisson Project.

About The Woodstock First Nation

The Woodstock First Nation is a Maliseet First Nation located in the Province of New Brunswick on the shore of the Saint John River. The Sisson Project is located within Maliseet traditional territory and approximately 50 kilometers from the Woodstock First Nation's reserve.

About Northcliff Resources Ltd.

Northcliff, associated with Hunter Dickinson Inc. (HDI), is a mineral resource company focused on advancing the feasibility-stage Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. The results of the Feasibility Study, completed in January 2013, confirm that the Sisson Project is technically and economically feasible and can now move on to the next stage of development. For more information on Northcliff and the Sisson Tungsten-Molybdenum Project, please visit our website: www.northcliffresources.com.

Chris Zahovskis, President & CEO
Northcliff Resources Ltd.

For more information:
Greg Davidson, Community Relations Manager
Northcliff Resources Ltd.
506-455-0530 |

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address completion of, permitting, exploration drilling, exploitation activities and events or developments that the company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include uncertainty of shareholder support, the need for judicial and regulatory approvals, market prices, potential environmental issues or liabilities associated with exploration, development and mining activities, exploitation and exploration successes, continuity of mineralization, potential environmental issues and liabilities associated with exploration, development and mining activities, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.
 
 

News Releases

Northcliff Signs Environmental Assessment Review & Capacity Funding Agreement with New Brunswick First Nations



Assisting First Nations Participation in the Environmental Assessment for Sisson Project

June 20, 2013 Fredericton, New Brunswick - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) is pleased to announce it has signed an Environmental Assessment Review and Capacity Funding Agreement (the "Agreement") with the St. Mary's First Nation, Woodstock First Nation and the Assembly of First Nations Chiefs in New Brunswick for the Sisson Tungsten-Molybdenum Project located in central New Brunswick. The Agreement provides a framework for Northcliff to provide funding and in-kind support to all New Brunswick First Nations to assist in their participation in and facilitate their technical review of the Sisson Project during the Environmental Assessment Process. The funding is intended to assist First Nations where they feel they need additional resources to review technical materials and assist community members in understanding technical aspects of the project. In addition to Northcliff's capacity support, First Nations of New Brunswick have also received Participation Funding under the Canadian Environmental Assessment Agency's Participant Funding Program.

Chief Lenny Tomah Jr. of Woodstock First Nation said, "Woodstock First Nation has taken a proactive approach with respect to the Sisson Tungsten-Molybdenum Project, as well all natural resource development which may impact First Nation culture. Our First Nation is committed to the protection, and exercise, of our constitutionally protected Aboriginal and treaty rights. We have worked diligently to foster and promote a robust consultation process within the Province of New Brunswick. Creating an environment with the capacity to meaningfully participate in consultation is an important step and the funding provided by Northcliff is a step towards achieving this."

New Brunswick Energy and Mines Minister Craig Leonard said he is pleased that the capacity funding agreement has been reached. "We have demonstrated on a number of projects the importance of participation and partnership with First Nations and this is an excellent accomplishment as Northcliff Resources continues its due diligence on a project that could have tremendous benefits for New Brunswick," Leonard said.

Northcliff President & CEO Chris Zahovskis said, "Northcliff is committed to meaningful consultation with First Nations and this Agreement is a demonstration of our continued interest in supporting First Nations' active engagement in the Sisson Project and the Environmental Impact Assessment. We are delighted that St. Mary's, Woodstock and the Assembly of First Nations Chiefs in New Brunswick, collectively representing all First Nations in New Brunswick, have agreed to work together by jointly retaining technical experts to assist them in reviewing, understanding and commenting on any documents, reports or information related to the Sisson Project as part of the EA Process. We look forward to continuing an open dialogue with First Nations during the environmental review process."

About Assembly of First Nations Chiefs in New Brunswick

Established in 2010, the Assembly of First Nations Chiefs in New Brunswick represents 13 of New Brunswick's 15 First Nations communities, of which nine are Mi'kmaq and six are Maliseet.

About Woodstock First Nation

Woodstock First Nation is a Maliseet First Nation located in the province of New Brunswick on the shore of the Saint John River. The Sisson Project is located within Maliseet traditional territory and approximately 50 kilometres from the Woodstock First Nation's reserve.

About St. Mary's First Nation

St. Mary's First Nation is the largest of Maliseet Nations along the St. John River & plays a vital economic role in New Brunswick's Capital City of Fredericton.

About Northcliff Resources Ltd.

Northcliff, associated with Hunter Dickinson Inc. (HDI), is a mineral resource company focused on advancing the feasibility-stage Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. The results of the Feasibility Study, completed in January 2013, confirm that the Sisson Project is technically and economically feasible and can now move on to the next stage of development. For more information on Northcliff and the Sisson Tungsten-Molybdenum Project please visit our website: www.northcliffresources.com.

Chris Zahovskis, President & CEO
Northcliff Resources Ltd.

For more information:
Greg Davidson, Community Relations Manager
Northcliff Resources Ltd.
506-455-0530

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address permitting, exploration drilling, exploitation activities and events or developments that the company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include uncertainty of shareholder support, the need for judicial and regulatory approvals, market prices, potential environmental issues or liabilities associated with exploration, development and mining activities, exploitation and exploration successes, continuity of mineralization, potential environmental issues and liabilities associated with exploration, development and mining activities, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.
 
 

News Releases

Northcliff Files NI 43-101 Technical Report for Sisson Tungsten-Molybdenum Project Feasibility Study



March 13, Vancouver, British Columbia - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) announced today that it has filed a National Instrument 43-101 Technical Report (the "Technical Report") for the Feasibility Study of the Company's 100%-owned Sisson Tungsten-Molybdenum Project in central New Brunswick. The positive results as described in the Company's January 29, 2013 news release and further documented in the Technical Report confirm the technical and economic viability of the Sisson Project, which is advancing to the next stage of planning for the CAD $579 million development.

The Technical Report will be available under the Company's profile on SEDAR at www.sedar.com and also accessible through a link to SEDAR on the Company's website at www.northcliffresources.com.

About Northcliff

Northcliff is a mineral resource company associated with Hunter Dickinson Inc. (HDI), and focused on progressing its Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada to production.

For further details on Northcliff and the Sisson Project, please visit www.northcliffresources.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.

Christopher Zahovskis
President and CEO

No regulatory authority accepts responsibility for the adequacy or accuracy of this release.

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This document contains "forward-looking statements" that are based on Northcliff's expectations, estimates and projections as of the dates as of which those statements were made. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "outlook", "anticipate", "project", "target", "believe", "estimate", "expect", "intend", "should" and similar expressions.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These include but are not limited to:

  • uncertainties and costs related to the Company's exploration and development activities, such as those associated with determining whether mineral resources or reserves exist on a property;
  • uncertainties related to feasibility studies that provide estimates of expected or anticipated costs, expenditures and economic returns from a mining project; uncertainties related to expected production rates, timing of production and the cash and total costs of production and milling;
  • uncertainties related to the ability to obtain necessary licenses, permits, electricity, surface rights and title for development projects;
  • operating and technical difficulties in connection with mining development activities;
  • uncertainties related to the accuracy of our mineral reserve and mineral resource estimates and our estimates of future production and future cash and total costs of production, and the geotechnical or hydrogeological nature of ore deposits, and diminishing quantities or grades of mineral reserves;
  • uncertainties related to unexpected judicial or regulatory proceedings;
  • changes in, and the effects of, the laws, regulations and government policies affecting our mining operations, particularly laws, regulations and policies relating to
  • mine expansions, environmental protection and associated compliance costs arising from exploration, mine development, mine operations and mine closures;
  • expected effective future tax rates in jurisdictions in which our operations are located;
  • the protection of the health and safety of mine workers; and
  • mineral rights ownership in countries where our mineral deposits are located;
  • changes in general economic conditions, the financial markets and in the demand and market price for gold, silver and other minerals and commodities, such as diesel fuel, coal, petroleum coke, steel, concrete, electricity and other forms of energy, mining equipment, and fluctuations in exchange rates, particularly with respect to the value of the U.S. dollar and Canadian dollar;
  • unusual or unexpected formation, cave-ins, flooding, pressures, and precious metals losses, or other similar events (and the risk of inadequate insurance or inability to obtain insurance to cover these risks);
  • changes in accounting policies and methods we use to report our financial condition, including uncertainties associated with critical accounting assumptions and estimates;
  • environmental issues and liabilities associated with mining including processing and stock piling ore;
  • geopolitical uncertainty and political and economic instability in countries which we operate; and
  • labour strikes, work stoppages, or other interruptions to, or difficulties in, the employment of labour in markets in which we operate mineral projects or mines, or environmental hazards, industrial accidents or other events or occurrences, including third party interference that interrupt the production of minerals in our mines.

For further information, investors should review the Company's filings that are available at www.sedar.com.

 

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