Northcliff Settles Loan

NORTHCLIFF SETTLES LOAN

VANCOUVER, BC

,

Jan. 17, 2023

/CNW/ - Northcliff Resources Ltd. ("Northcliff" or the "Company")

(TSX: NCF) announces, further to its

June 23, 2022

,

August 18, 2022

,

August 24, 2022

and

September 14, 2022

news releases, that it has settled the second tranche of

$500,000

plus accrued

interest of the

$1,000,000

2021 loan by issuing 23,655,914 shares to

Todd Sisson

(NZ) Limited

("Todd"), a subsidiary of the Todd Corporation, the Company's largest shareholder.

Todd now holds 143,794,986 shares or a 56.23% 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. Additional information on Northcliff is

available on the website at

www.northcliffresources.com

. Investor services can be reached at (604)

684-6365 or within

North America

at 1-800-667-2114.

On behalf of the Board of Directors

Andrew Ing

President & CEO

SOURCE

Northcliff Resources Ltd.

View original content:

http://www.newswire.ca/en/releases/archive/January2023/17/c5846.html

%SEDAR: 00030606E

For further information:

Investor services can be reached at (604) 684-6365 or within North

America at 1-800-667-2114.

CO: Northcliff Resources Ltd.

CNW 07:45e 17-JAN-23