Northcliff Advises ON Provincial & First Nations Agreement ON Sisson Project
NORTHCLIFF ADVISES ON PROVINCIAL & FIRST NATIONS AGREEMENT ON SISSON PROJECT
February 10, 2017 Fredericton, New Brunswick – Northcliff Resources Ltd. ("Northcliff") (TSX: NCF) reports on news today
that the Province of New Brunswick and New Brunswick’s six Maliseet First Nations have en tered into an accommodation
agreement concerning the development of the Sisson Tungsten-Molybdenum Project (“Sisson Project” or the “Project”).
According to the government release, “The provincial government and First Nations have jointly submitted the agreement
to the Canadian Environmental Assessmen t Agency. The agreement will become part of the agency’s review, including its
“significant effects” determination of how issues have been addressed and mitigat ed. The provincial government expects
this should result in a decision on federal environmental approval within months.”
Northcliff President & CEO Chris Zahovskis said “The Sisson Partnership is pleased that the Maliseet First Nations and the
province have reached agreement regarding accommodation. Finalizing these agreements is a big step in having the Sisson
Mine project move forward.”
The Environmental Impact Assessment Report (the “EIA Repo rt”) for the Sisson Project was submitted to Canadian
Environmental Assessment Agency (“CEAA”) and the New Brunswick Department of Environment and Local Government in
July 2013. The Company received provincial EIA Report approval on December 3, 2015. As described above, the federal decision
from CEAA is pending. Permit applications for construction and operation of the project will be finalized and submitted
following a positive federal decision.
About Northcliff Resources Ltd.
Northcliff, associated with Hunt er Dickinson Inc. (HDI), is a mineral reso urce company focused on advancing the Sisson
Tungsten-Molybdenum Project lo cated in New Brunswick, Canada, to producti on. The results of the Feasibility Study,
completed in January 2013, confirm that the Sisson Project is te chnically and economically feasible and can move on to the
next stage of development. Additional information on Northcliff is available on the website: www.northcliffresources.com.
Investor services can be reached at (604) 684-6365 or within North America at 1-800-667-2114.
About the Sisson Partnership
The Sisson Partnership, owned by Northcliff and Todd Minerals Ltd., a subsidiary of the family owned Todd Corporation, is
responsible for the development of the Sisson Project. Additional information on the Sisson Partnership and Sisson Project
is available on the website: www.sissonpartnership.com.
Chris Zahovskis
President and CEO
For more information, contact:
Greg Davidson, Community Relations Manager
506-455-0530, [email protected]
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 Northcliff expects, are forward-looking statements. Although
Northcliff believes the expectation s expressed in such forw ard-looking statements are based on reasonable assumptions, such sta tements are not guarantees of
future performance and ac tual results or developments may di ffer materially from those in the forward-looking statements. Assu mptions used by Northcliff to
develop forward-looking statements include the following: the Si sson Project will obtain all required environmental and other p ermits for construction of the mine,
the Sisson Project will achieve targeted production levels; 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 prob lems occur. Factors that could cause actual results to differ materia lly from those in forw ard-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 a ssociated with exploration, development and mining activities, uncertainties related to the ability to
obtain necessary environmental, land use and other permits, appr ovals, licenses and title on a time ly basis and delays due to t hird 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 cautio ned that any such statements are not guarantees of future performance and actual re sults or developments may differ
materially from those projected in the forward-looking statements. For more information on Northcliff, investors should review the Northcliff's continuous disclosure
filings that are available at www.sedar.com .