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Disclaimer

Website Information
The facts and information provided to users in the pages of the Sisson Partnership website are for informational purposes only. Users should not rely on information on this website for any purpose other than for gaining general knowledge of the Sisson Partnership.

This information is not intended to be and should not be construed in any way as part of an offering or solicitation of securities. No securities commission or other regulatory authority in Canada, the United States or any other country or jurisdiction has in any way passed an opinion on the information contained in these pages.

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Forward-Looking Statements

This website 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;

  • uncertainties related to the ability to obtain necessary permits, licenses and tenure and delays due to third party opposition, changes in and the effect of government policies regarding mining and natural resource exploration and exploitation, exploration and development of properties located within Aboriginal groups asserted territories may affect or be perceived to affect asserted aboriginal rights and title, which may cause permitting delays or opposition by Aboriginal groups;

  • 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; and

    • the protection of the health and safety of mine workers;

  • changes in general economic conditions, the financial markets and in the demand and market price for tungsten and molybdenum and other commodities, such as diesel fuel, 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, 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;

  • labour strikes, work stoppages, or other interruptions to, or difficulties in, the employment of labour in markets in which we operate, or environmental hazards, industrial accidents or other events or occurrences, including third party interference that interrupt the production of minerals in the mine; and

  • the ability of the Company to successfully complete financing to develop the Sisson Project.

 

Although such statements are based on management’s reasonable assumptions at the date such statements are made, there can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Northcliff assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by applicable law. For additional information regarding forward-looking statements and their related risks, please refer to the “Risk Factors” section in the Annual Information Form of the Company for the year ended on October 31, 2025, which is available on the Company’s SEDAR+ profile at www.sedarplus.ca.

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Scientific and Technical Information
All scientific and technical information contained on this website has been reviewed and approved by a "qualified person" within the meaning of National Instrument 43-101 of the Canadian Securities Administrators. Each has relevant experience with the Sisson Project but is not independent of Northcliff Resources Ltd. Information on geology, exploration and mineral resources and reserves has been reviewed by James Lang, PGeo., and information related to engineering and metallurgy by Tanya Yang, PEng.

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Cautionary Note to U.S. Investors Concerning Estimates of Resources and Reserves
The mineral reserves and mineral resources disclosed on this website have been estimated in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), as required by Canadian securities regulatory authorities. The Company is not subject to the reporting requirements of section 13(a) of section 15(d) of the United States Securities Exchange Act of 1934, as amended (the "Exchange Act"), the Company's U.S. investors should be aware that the SEC has adopted amendments to modernize the mineral property disclosure requirements for issuers whose securities are registered with the SEC, effective February 25, 2019 (the "SEC Modernization Rules"). The SEC Modernization Rules include the adoption of definitions of resources and reserves and their various categories which are "substantially similar" to the corresponding terms under the Definition Standards developed by the Canadian Institute of Mining and Metallurgy ("CIM Definition Standards") as required under NI 43-101. Accordingly, there is no assurance any resources and reserves that we may report as "measured mineral resources", "indicated mineral resources" and "inferred mineral resources" and "proven mineral reserves" and "probable mineral reserves" under NI 43-101 would be the same had we prepared these estimates under the standards adopted under the SEC Modernization Rules.

Northcliff Resources Ltd. also cautions investors not to assume that all or any part of the mineral deposits in the categories "measured resources," "indicated resources" and "inferred resources" will ever be converted into reserves. In addition, "inferred resources" have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of an inferred resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for a Preliminary Economic Assessment as defined under 43-101. Investors are cautioned not to assume that all or part of an inferred resource exists, or is economically or legally mineable.

No Warranty
Although the Sisson Partnership believes the facts and information contained in the pages of this website to be correct and attempts to keep this information as current as possible, the Sisson Partnership does not warrant or make any representations as to the accuracy, validity or completeness of any facts or information contained in these pages.

Disclaimer
The Sisson Partnership shall not be liable or responsible for any claim or damage, direct or indirect, special or consequential, incurred by the user arising out of the interpretation, reliance upon or other use of the information contained in the pages of this website.

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Hyperlinks
Any hyperlinks to or from this website from or to another website is provided to the user for convenience only. No endorsement of any products or services is expressed or implied by any information, material or content referred to or included on, or linked from this website.

Trademarks and Copyright
Certain names, graphics, logos, icons, designs, words, titles or phrases on this website may constitute trade names or trademarks of the Sisson Partnership The display of any trademark does not imply that a license of any kind to use the trademark has been granted. All information found in the pages of this website is protected under the copyright laws of Canada and in other countries.

Unless otherwise specified, no user has permission to copy, redistribute, reproduce or republish, in any form, any information found in the pages of this website. Any user who, without authorization, re-transmits, copies or modifies any trademarks may violate federal or common law trademark and/or copywriter law, and may be subject to legal action.

Applicable Law
The Sisson Partnership does not currently offer any products or services for sale. Any matters arising from the use of this website will be governed by the laws of the Province of British Columbia and the federal laws of Canada applicable therein.

Confidentiality
Confidentiality and security of information provided over the Internet is not possible at this time. The Sisson Partnership cannot ensure the privacy and authenticity of any information or correspondence shared over the Internet between it and a user, and will not be responsible for any damages or claims incurred by a user who communicates confidential information to The Sisson Partnership through this website.

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