GOLDCLIFF EXTENDS CLOSING OF PRIVATE PLACEMENT George W. Sanders, President of Goldcliff Resource Corporation (“Goldcliff” or the “Company”)

www.goldcliff.com

#400 – 789 W. Pender St.

Vancouver, B.C. V6C 1H2

Phone: 250-764-8879

Toll Free: 866-769-4802

GCN.TSXV www.directroyalty.com [email protected]

August 14, 2017

GOLDCLIFF EXTENDS CLOSING OF PRIVATE PLACEMENT

George W. Sanders, President of Goldcliff Resource Corporation (“Goldcliff” or the “Company”)

announces that the Company has extended to September 13, 2017, the final closing of its

previously announced non-brokered private placement (see Goldcliff News Release dated June 6,

2017).

The placement consists of up to 5,500,000 Units at a price of $0.17 per Unit, for gross proceeds of

$935,000. Each Unit will consist of one common share and one half of one common share

purchase Warrant. Each whole Warrant will entitle the holder to purchase one additional common

share at a price of $0.25 per share for a period of two years from the date of closing. In addition to

other exemptions from the prospectus requirement, the Private Placement will be open to existing

shareholders of record as of June 9, 2017 pursuant to BC Instrument 45-534 “Exemption from

Prospectus Requirement for Certain Trades to Existing Security Holders”. Any Units purchased by

way of the Private Placement will be subject to four months and a day resale restrictions. A

Finders’ Fee of 6% cash and 6% share purchase warrants (Broker Warrants), exercisable on the

same terms as the investor warrants, may be paid to any third-party Finders. The Private

Placement and payment of Finders’ Fees are subject to acceptance by the TSX Venture

Exchange.

Proceeds will be applied to permitting activities, further metallurgical testing and underground

investigation at the Pine Grove gold project in Lyon County, Nevada and to working capital.

Goldcliff is earning a 40% joint venture interest in the Pine Grove project from Lincoln Mining Corp.

by spending $1,400,000 US over three years.

For further information, please contact George W. Sanders, President, at 250-764-8879, toll free at

1-866-769-4802 or email at [email protected].

GOLDCLIFF RESOURCE CORPORATION

Per: “George W. Sanders”

George W. Sanders, President

Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accept

responsibility for the adequacy or the accuracy of this news release.