Rockcliff Announces $2.0 Million Non-Brokered Private Placement and Share Consolidation

Toronto, ON – May 10, 2018 – Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce that it will complete a 3 for 1 consolidation of its outstanding capital (the “Consolidation”) and complete a non-brokered Private Placement.  The proposed $2.0 million non-brokered private placement (the “Financing”) of up to 12,500,000 post-Consolidation Flow Through Units (“FTU”) for proceeds of up to $1,500,000 and up to 5,000,000 post-Consolidation Working Capital Units (“WCU”) for proceeds of up to $500,000 (the “WC Offering”) is anticipated to close on or before May 31, 2018. The sale of WCUs will be open to existing shareholders of the Company as set out below.

Ken Lapierre, President and CEO of the Company, commented: “pursuant to the recently announced option of two of our gold properties to Kinross Gold and the sale of the Talbot property option to Norvista Capital, we have demonstrated our ability to monetize assets within our extensive property portfolio. Once the Financing is completed, the proceeds will be used to fund several significant drill programs focused initially on our 100% owned base metal and precious metal properties.  With Kinross Gold and Norvista Capital actively exploring our other properties at the same time, 2018 will be a very busy year for Rockcliff.  We will continue to look at all strategic opportunities to monetize and advance our  property portfolio in the Snow Lake mining camp with minimal dilution to the Company’s shareholders.” Mr. Lapierre further commented: “we urge shareholders to review the Existing Shareholder Offering information on the following pages of this release and take advantage of an opportunity which allows all existing, “non-accredited” shareholders to participate in the Financing for up to $15,000 each.  It’s a great opportunity to support your Company as we move forward with our efforts to become royalty cash generators.”

Consolidation

Further to the approval by the Company’s shareholders obtained on October 19, 2017, the Company will complete the Consolidation of its issued and outstanding common shares on the basis of one (1) post-Consolidation common share for every three (3) pre-consolidation common shares resulting in a total of approximately 53,569,095 post-Consolidation common shares issued and outstanding following the Consolidation and immediately prior to completion of the Financing. No fractional common shares will be issued as a result of the Consolidation.   All fractions of post-Consolidation common shares will be rounded to the next lowest whole number and such fractional common shares will be cancelled. Following the completion of the Financing, outstanding capital will be approximately 71,069,095 post-Consolidation common shares.

Financing

After giving effect to the Consolidation, each FTU will be priced at $0.12 and consist of one (1) common share and one half (1/2) common share purchase warrant. Each full warrant (a “FT Warrant”) entitles the holder to purchase one (1) common share of the Company at a price of $0.20 per share for a period of two (2) years from the closing date of the Financing. Each WCU priced at $0.10 will consist of one (1) common share and one common share purchase warrant (a “WC Warrant”).  Each WC Warrant entitles the holder to purchase one (1) common share of the Company at a price of $0.20 per share for a period of two (2) years from the closing date of the Financing. 

Eligible finders may receive a cash fee of up to 6% of the value of WCUs and FTUs sold and up to 6% of the number of FTUs and WCUs sold in the form of broker warrants. Each broker warrant issued in respect of the sale of FTUs (the “FT Broker Warrants”) entitles the holder to acquire one broker unit (an “FT Broker Unit”) at a price of $0.12, with each FT Broker Unit consisting of one common share and one-half of a FT Warrant, for a period of two (2) years from the closing date of the Financing and each broker warrant issued in respect of the sale of WCUs (the “WC Broker Warrants”) entitles the holder to acquire one (1) WCU at a price of $0.10 for a period of two (2) years from the closing date of the Financing. The Company will issue up to 17,500,000 post-Consolidation common shares, up to 11,250,000 combined FT and WC Warrants, up to 750,000 FT Broker Warrants and up to 300,000 WC Broker Warrants in respect of the Financing. All securities issued pursuant to the Financing will be subject to a statutory four month hold period and regulatory approval.

Use of Proceeds

The net proceeds from the Financing will be used to fund exploration of the Company’s Manitoba properties and for general working capital purposes.  The Company’s Manitoba properties in the Snow Lake mining camp include some of the highest grade undeveloped base metal (copper and zinc) deposits and underexplored lode gold properties all within trucking distance to processing facilities.  Exploration programs will be focused on the highest priority properties and will include geological, airborne and surface geophysical and diamond drilling programs.

Existing Shareholder Offering

The WC Offering will be open to participation by existing shareholders (the “Existing Shareholder Offering”) resident in Canada as of the record date of May 9, 2018 (the “Record Date”). The Existing Shareholder Offering is comprised of up to  5,000,000 post-Consolidation WCUs.  The Existing Shareholder Offering will be open for a period of up to twenty one (21) days, expiring on the earlier of May 31, 2018 and the closing of the WC Offering.  There is no minimum offering.  The maximum offering is $500,000.  All securities issued pursuant to the Existing Shareholder Offering are subject to a statutory four month hold period and regulatory approval.

The particulars of the WCUs are set out above.

The Company intends to use the proceeds as set out above under the heading “Use of Proceeds”. The use of proceeds of the Financing set out above will be adjusted pro rata subject to the funds raised on the Existing Shareholder Offering.

The Existing Shareholder Offering is open to all existing shareholders of the Company resident in Canada until May 31, 2018.  Shareholders interested in participating in the Existing Shareholder Offering should contact, or have their registered broker contact, Yvonne So, assistant to Bill Johnstone, Corporate Secretary of the Company, at yso@grllp.com or (416) 865-6789 to obtain a copy of the subscription agreement for WCUs.  Requests should be received by no later than May 25, 2018 so that subscription agreements can be signed and funds can be received by the Company by no later than May 29, 2018.

In the subscription agreements, subscribers will be required to represent that they held common shares of Rockcliff on the Record Date and will continue to hold common shares on closing, indicate the total number of WCUs they wish to subscribe for at the price of $0.10 per WCU and provide funds (certified cheque or wire transfer) for the purchase of the WCUs.  The Existing Shareholder Offering is being allocated to subscribers on a “first come, first served” basis wherein the subscribers who are first to submit a completed subscription agreement and pay the corresponding subscription proceeds will be accepted up until the maximum amount of the Existing Shareholder Offering is reached.  The sale of the WC Units will remain open until the earlier of May 31, 2018 and the full subscription for the WC Offering.

In the event that there is an over-subscription for WCUs as at May 29, 2018, subscriptions will be adjusted pro rata (in proportion to the aggregate amount of cleared funds received) to reduce the offering to a maximum of $500,000 for WCUs.  Although the Existing Shareholder Offering is not being offered pro rata, all shareholders of the Company effective as of the Record Date will be treated equally.  However, the Company reserves the right not to accept subscription amounts of less than $1,000 (10,000 WCUs) in respect of WCUs to avoid disproportionate administrative costs.  The Company is using other available exemptions to place the WC Offering.

The Existing Shareholder Offering is being made under Ontario Securities Commission Rule 45-501 Ontario Prospectus and Registration Exemptions relating to distributions to existing security holders and under Multilateral CSA Notice 45-313-Prospectus Exemption for Distributions to Existing Security Holders and the legislation adopted pursuant thereto in other jurisdictions in Canada, as well as under other applicable exemptions without issuing a prospectus.  The existing shareholder exemption limits a shareholder to a maximum investment of $15,000 in a 12-month period unless the shareholder has obtained advice regarding the suitability of the investment from a person registered as an investment dealer, in which case the investment can exceed $15,000.

Closing

The Consolidation is to be completed and the Financing is expected to close on or before May 31, 2018, subject to TSX Venture Exchange (“TSXV”) approval, or such other date as agreed to between the Company and the subscribers.

Completion of the Consolidation is conditional upon the funds from the Financing being in place immediately prior to effecting the Consolidation after which the Financing will close.  The Company will issue a press release immediately prior to the closing of the Financing, setting out the new CUSIP number and the timing for the commencement of trading on the TSXV on a post-Consolidation basis.

About Rockcliff Metals Corporation

The Company is a Canadian resource exploration company focused on generating risk-free cash flow from future royalty streams on its base and precious metal assets located in central Manitoba, Canada.  Rockcliff’s current portfolio of properties, totalling in excess of approximately 50,000 hectares, is located in and around the 100-year-old operating Snow Lake Mining Camp and hosts NI 43-101 compliant copper deposits (the gold-rich Talbot Copper deposit and the Rail Copper deposit) and undeveloped historical zinc deposits (the Lon Zinc deposit, the Bur Zinc deposit, the Morgan Zinc deposit and the down-dip continuation of the Pen Zinc deposit).  The Company’s properties also include Manitoba’s first and highest-grade former lode-gold producer (Laguna Gold Property), four additional gold-rich properties (SLG Gold Property, DSN Gold Property, Berry Creek Gold Property and Lucky Jack Gold Property), a Net Smelter Royalty on the Tower Property slated for production in 2020 (the Tower Copper deposit) and the optioned near-surface high-grade MacBride Zinc deposit located north of Snow Lake near Leaf Rapids, Manitoba.

For further information, please contact: 

Rockcliff Metals Corporation
Ken Lapierre, P.Geo
President & CEO
Cell: (647) 678-3879
Off: (416) 644-1752
ken@rockcliffmetals.com

CHF Capital Markets
Cathy Hume, CEO
Phone: (416) 868-1079 ext.231
cathy@chfir.com

Cautionary Note Regarding Forward-Looking Statements: This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.

All statements within, other than statements of historical fact, are to be considered forward looking. Although Rockcliff 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 forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Rockcliff Assigns Talbot Option Agreement to Norvista Capital for $3.0M Cash and Royalties

Toronto, ON – May 8, 2018 – Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce that it has agreed to assign its interest in the Talbot Option Agreement and the Talbot Property to Norvista Capital Corporation (“Norvista”) (TSX.V: NVV).  Rockcliff will assign its interest to Norvista for total cash consideration of $3.0M and an additional 1/2% Net Smelter Royalty (“NSR”) on the nearby Norvista-owned Tower Copper Property that is slated for production in 2020.  In the event that Norvista secures at least a 90% interest in the Talbot Property, Rockcliff will receive a 2% NSR on the Talbot Property. The Talbot Property hosts the Talbot Copper deposit, a high-grade 4.2M tonne NI 43-101 Inferred Resource (please refer to news release dated December 7, 2017) located within the prolific Flin Flon-Snow Lake greenstone belt located in central Manitoba. 

Rockcliff’s President & CEO Ken Lapierre stated: “Completing this transaction with Norvista for cash and royalties on two separate properties will strengthen Rockcliff’s treasury and add royalties to properties that have an excellent chance of providing future royalty cash flow to the Company.  The $3.0M cash we will receive over the next few years allows us to generate exploration dollars without dilution to Rockcliff’s shareholders.  Also, the additional ½% NSR Tower Property royalty adds to our existing 1.5% NSR Tower royalty and will increase our royalty cash payments beginning in 2020 when the Tower Property is slated for commercial production.  Monetization of a number of properties in our extensive property portfolio validates the Company’s operating strategy and provides cash and royalty streams as a non-dilutive complement to our equity financings.  The $3.0M will assist Rockcliff in funding future exploration efforts on our remaining 100%-owned properties in an effort to unlock additional significant value for our shareholders through the growth and advancement of these high-grade base metal and gold assets.”

Highlights of RCLF assigning its option agreement to NVV are:

  1. $50,000 cash on signing
  2. $150,000 in 3 months from signing payable at the discretion of Norvista
  3. If the $150,000 is paid, Norvista is obligated to spend $206,000 to satisfy the remainder of the fifth-year expenditure requirement under the Talbot Agreement
  4. $1,000,000 cash on commencement of the Tower mine construction (estimated to be 07/19)
  5. $900,000 cash 3 months after commencement of commercial production (estimated to be 10/20)
  6.  $900,000 cash 6 months after commencement of commercial production  
  7. Additional ½% NSR on Tower Copper Property (RCLF will then own a total of 2% NSR on Tower Property). Norvista can purchase 1% NSR for $2.0M and has right of first refusal on the remaining 1% NSR
  8. On or before July 1, 2019, Norvista must elect to either spend $2,270,000 to earn a 51% interest under the Talbot Option Agreement, or return the property and the agreement back to the Company and the additional ½% NSR on the Tower Property is forfeited
  9. 2% NSR on Talbot Property if Norvista acquires at least a 90% interest in the Talbot Property. Norvista can purchase 1% NSR for $2.0M and has right of first refusal on the remaining 1% NSR

Mr. Bruce Durham, Chairman of the Company, is the Managing Director and Director of Norvista.  Mr. Don Christie, a director of the Company, is the President, CEO and a director of Norvista.  Norvista owns directly and indirectly on an undiluted basis 8.8% of the common shares of the Company.  The assignment of the Talbot Option Agreement to Norvista has been unanimously approved by the independent directors of Rockcliff and the independent directors of Norvista.

The above transaction is subject to the consent of Hudbay Minerals Inc. and TSX Venture Exchange approval.

About Rockcliff Metals Corporation

The Company is a Canadian resource exploration company focused on generating cash flow from royalty streams on its base and precious metal assets located in central Manitoba.  Rockcliff’s current portfolio of properties, totalling in excess of 50,000 hectares, is located in and around the 100-year-old operating Snow Lake Mining Camp and hosts NI 43-101 compliant copper deposits (the gold-rich Talbot Copper deposit and the Rail Copper deposit) and undeveloped historical zinc deposits (the Lon Zinc deposit, the Bur Zinc deposit, the Morgan Zinc deposit and the down-dip continuation of the Pen Zinc deposit).  The Company’s properties also include Manitoba’s first and highest-grade former lode-gold producer (Laguna Gold Property), four additional gold-rich properties (SLG Gold Property, DSN Gold Property, Berry Creek Gold Property and Lucky Jack Gold Property), a Net Smelter Royalty on the Tower Property slated for production in 2020 and the optioned near-surface high-grade MacBride Zinc deposit located north of Snow Lake near Leaf Rapids, Manitoba.

For further information, please contact: 

Rockcliff Metals Corporation
Ken Lapierre, P.Geo
President & CEO
Cell: (647) 678-3879
Off: (416) 644-1752
ken@rockcliffmetals.com

CHF Capital Markets
Cathy Hume, CEO
Phone: (416) 868-1079 ext.231
cathy@chfir.com

Cautionary Note Regarding Forward-Looking Statements: This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.

All statements within, other than statements of historical fact, are to be considered forward looking. Although Rockcliff 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 forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Rockcliff to Option Gold Properties to an Affiliate of Kinross Gold Corporation Expenditures of $1.25M Committed of the $5.5M Required to Earn 70% Interest

Toronto, ON – April 26, 2018 – Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce that it has entered into a Letter of Intent (“LOI”), to be followed by an option agreement, with KG Exploration (Canada) Inc., an affiliate of Kinross Gold Corporation (TSX:K) on the Company’s high grade Laguna and Lucky Jack Gold Properties located in Snow Lake, Manitoba.  Both gold properties are centered within the historic “Herb Lake Gold Camp,” Manitoba’s first gold and highest-grade gold camp.

LOI for Laguna and Lucky Jack Gold Properties

The LOI terms provide Kinross with the right to earn a 70% Interest in both properties by spending a minimum of C$5.5M in exploration expenditures over six years. Upon signing the definitive option agreement Kinross will be committed in the first and second year to aggregate minimum expenditures totaling $1,250,000.  Rockcliff will act as operator and earn a  management fee equal to 6% of the Kinross expenditures.

Rockcliff’s President & CEO, Ken Lapierre, stated: “to enter into an agreement with a major gold miner like Kinross and have them spend their money on our properties is a true testament to the excellent exploration and discovery potential of these gold assets.  The Laguna Gold Property hosts the Laguna gold mine, Manitoba’s first and highest-grade gold mine located in the middle of a world class base metal camp.  We look forward to unlocking Laguna’s high-grade gold potential on a property that was last drilled in 1944.”

The exploration plans at the Laguna and Lucky Jack Gold Properties are anticipated to be completed this spring in time for the summer drilling season.  

Laguna Gold Property

The Laguna Gold Property hosts the Laguna gold mine, Manitoba’s first and highest grade former gold mine located within the Flin Flon-Snow Lake greenstone belt, a belt known originally for it high-grade gold mines then its high-grade base metals mines.  Historical, intermittent gold mining at Laguna, between 1916 and 1939 produced over 60,000 ounces of gold grading approximately 19.0 g/t.  The Laguna Gold Property includes 28 contiguous mining claims totalling 3,501 hectares covering a minimum 6 kilometres of prospective strike length of the Laguna Gold Mine Trend. The Laguna Gold Mine Property was last drilled in 1944.

The gold mineralization on the Laguna Gold Property is metallogenically controlled by subsidiary thrust faults attributed to the major regional Crowduck Bay Fault which crosses the entire length of the Laguna Gold Property. The gold-rich quartz veining and stockwork systems along the northwest limb of the Herb Lake Syncline typically occur where the subsidiary faults intersect quartz-feldspar and biotite porphyry stocks that intrude Missi Group sedimentary and volcanic rocks. Quartz, iron carbonate-albite-sericite alteration commonly overprint peak regional metamorphic assemblages within gold bearing vein margins. Mineralization in quartz and surrounding quartz stockwork wall rock consists of pyrite, arsenopyrite, chalcopyrite, sphalerite, galena, pyrrhotite, native gold and telluride.

Rockcliff’s initial reconnaissance exploration program in 2017 identified at least 7 surface high- grade gold-rich quartz zones with multiple areas of visible gold and surface grab sample assays from trace to over 600g/t gold.  Follow-up geophysical programs including airborne magnetics and surface Induced Polarization (IP) surveys covering the 6 km long Laguna Gold Mine Trend identified significant potential extensions of the known surface gold-rich quartz zones along strike. IP anomalies associated at surface with the quartz zones appear to extend  to depths of 250 metres, the maximum coverage of the IP survey.

Lucky Jack Gold Property

The Lucky Jack Gold Property is located immediately south of the Laguna Gold Property.  It hosts gold mineralization in foliated and fractured zones and sulphide bearing quartz veins and stringers located near the contact of granite, granodiorite and pegmatite rocks with the surrounding volcanic, intrusive and sedimentary rocks. Historical geophysical evidence suggests that gold mineralization is associated along the contacts of multi-kilometre long magnetometer anomalies and that at least 6 magnetometer anomalies have been identified within the Lucky Jack Gold Property.

Please access the Company’s website at www.rockcliffmetals.com for additional information on Rockcliff’s base metal and gold properties in the Snow Lake Mining Camp.

About Rockcliff Metals Corporation

The Company is a Canadian resource exploration company focused on generating risk-free cash flow from  royalty streams on its base and precious metal assets located in central Manitoba, Canada.  Rockcliff’s current portfolio of properties, totalling in excess of approximately 50,000 hectares, is located in and around the 100-year-old operating Snow Lake Mining Camp and hosts NI 43-101 compliant copper deposits (the gold-rich Talbot Copper deposit and the Rail Copper deposit) and undeveloped historical zinc deposits (the Lon Zinc deposit, the Bur Zinc deposit, the Morgan Zinc deposit and the down-dip continuation of the Pen Zinc deposit).  The Company’s properties also include Manitoba’s first and highest-grade former lode-gold producer (Laguna Gold Property), four additional gold-rich properties (SLG Gold Property, DSN Gold Property, Berry Creek Gold Property and Lucky Jack Gold Property), a Net Smelter Royalty on the Tower Property slated for production in 2020 (the Tower Copper deposit) and the optioned near-surface high-grade MacBride Zinc deposit located north of Snow Lake near Leaf Rapids, Manitoba.

For further information, please contact: 

Rockcliff Metals Corporation
Ken Lapierre, P.Geo
President & CEO
Cell: (647) 678-3879
Off: (416) 644-1752
ken@rockcliffmetals.com

CHF Capital Markets
Cathy Hume, CEO
Phone: (416) 868-1079 ext.231
cathy@chfir.com

 


Rockcliff Identifies Multiple Untested Airborne Targets and a Thick Graphite Zone on the Penex Property

Toronto, ON – March 29, 2018 – Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce that it has identified on its Penex Property a series of untested airborne electromagnetic (EM) conductive anomalies over a strike length of 2.6 km located near a historical drill hole (C-9) that intersected 67 metres of near solid graphite. The Penex Property also hosts, at approximately 350 metres vertical, the down-dip continuation of the historical Pen Zinc Deposit. Rockcliff’s 100%-owned Penex Property is strategically located within the prolific Flin Flon-Snow Lake greenstone belt within 5 km of Hudbay’s Lalor Volcanogenic Massive Sulphide (VMS) Mine and within trucking distance to an operating base-metal mill.

Rockcliff’s President & CEO, Ken Lapierre, stated: “The Penex Property has significant upside potential for VMS mineralization (copper, gold, zinc, silver) and now for graphite mineralization. We have reviewed the drill log results from a single hole drilled in 1975 that tested for VMS mineralization and were pleased to discover it contained a 67 metres-thick intersection of +75% near solid graphite within 15 metres of surface.  No follow-up drilling has been completed on this graphite discovery. A subsequent airborne survey, flown in the 1990’s, identified a series of electromagnetic conductive anomalies lying immediately west of the graphite mineralization which have not been drill-tested.  In 2018, we look forward to advancing our knowledge of the graphite potential as well as determining the extent of the Pen zinc deposit on this strategic property.”

Graphite remains the dominant material used in lithium-ion batteries. According to Benchmark Mineral Intelligence, demand for graphite is set to “increase by over 200% in the next four years as global cell production surges on the back of maturing pure electric vehicle demand and the inception of the utility storage market”.

The plan view map outlined below highlights the location of drill hole C-9, multiple untested airborne conductive EM anomalies and the projected down dip extension of the Pen zinc deposit.

26004_RockcliffImg103292018.jpg

The longitudinal section map below outlines the location of Hudbay’s Pen zinc deposit at surface and its down dip extension where the deposit dips onto Rockcliff’s ground at an approximate vertical depth of 350 metres.  A single historical drill hole CPEN-03 intersected the Pen zinc deposit at a vertical depth of 475 metres and graded 4.04% Zinc Equivalent across 7.57 metres. Rockcliff’s DPEM surface electromagnetic survey (see Press Release dated March 21, 2017) identified that the down dip conductive plate continues to at least 800 metres vertical and increases in conductivity with depth.

26004_RockcliffImg203292018.jpg

Ken Lapierre P.Geo., President and CEO of Rockcliff, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this press release.

About Rockcliff Metals Corporation

The Company is a Canadian resource exploration company focused on the discovery, advancement and consolidation of a portfolio of some of the highest-grade, undeveloped metal deposits in the prolific Flin Flon – Snow Lake greenstone belt located in central Manitoba. The Company’s current portfolio of properties, totalling in excess of 45,000 hectares, is located in and around the 100 year old operating Snow Lake Mining Camp and hosts NI 43-101 compliant copper deposits (the gold-rich Talbot Copper Deposit and the Rail Copper deposit) and undeveloped historical zinc deposits (the Lon zinc Deposit, the Bur Zinc Deposit, the Morgan Zinc Deposit and the down-dip continuation of the Pen Zinc Deposit).  The Company’s properties also include Manitoba’s first and highest-grade former lode-gold producer (Laguna Gold Property), four additional gold-rich properties (SLG Gold Property, DSN Gold Property, Berry Creek Gold Property and Lucky Jack Gold Property), a Net Smelter Royalty on the Tower Property slated for production in 2019-20 (the T-1 Copper Deposit) and the optioned near-surface high-grade MacBride Zinc Deposit located north of Snow Lake near Leaf Rapids, Manitoba.

For further information, please contact: 

Rockcliff Metals Corporation
Ken Lapierre, P.Geo
President & CEO
Cell: (647) 678-3879
Off: (416) 644-1752
ken@rockcliffmetals.com

CHF Capital Markets
Cathy Hume, CEO
Phone: (416) 868-1079 ext.231
cathy@chfir.com


Rockcliff Terminates Previous Financing, Share Consolidation, Change of Name and Appointment of New Directors

Toronto, ON – March 7, 2018 – Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) wishes to announce that it has terminated its previously announced (see Press Release dated January 31, 2018) financing, share consolidation, change of name and appointment of two new directors.

Rockcliff’s President & CEO, Ken Lapierre, stated: “The Board of Directors and Management of Rockcliff have determined that at this time, and in the best interest of its shareholders, the Company will not proceed with the previously announced restructuring that included a $1.5M financing, a 5:1 share consolidation, a change of name and the appointment of two new directors. However, we look forward to focusing on advancing our optioned and 100% owned high-grade VMS and gold properties in one of the most prolific mining camps in the world.”

About Rockcliff Metals Corporation

The Company is a Canadian resource exploration company focused on the discovery, advancement and consolidation of a portfolio of the highest grade, undeveloped metal deposits in the prolific Flin Flon – Snow Lake greenstone belt located in central Manitoba. The Company’s current portfolio of projects, totaling in excess of 45,000 hectares, is located in and around the Snow Lake mining camp and hosts some of the highest grade undeveloped NI 43-101 compliant copper deposits (the gold-rich Talbot copper deposit and the Rail copper deposit), and some of the highest grade undeveloped historical zinc deposits (the Lon zinc deposit, the Bur zinc deposit, the Morgan zinc deposit and the down dip continuation of the Pen zinc deposit).  The Company’s properties also include Manitoba’s first and highest grade former lode gold producer (Laguna Gold property), four additional gold-rich properties (SLG Gold property, DSN Gold property, Berry Creek Gold property and Lucky Jack Gold property), a Net Smelter Royalty on the Tower property slated for production in 2020 (the T-1 copper deposit) and the optioned near surface high grade MacBride zinc deposit located north of Snow Lake near Leaf Rapids, Manitoba.

For further information, please contact: 

Rockcliff Metals Corporation
Ken Lapierre, P.Geo
President & CEO
Cell: (647) 678-3879
Off: (416) 644-1752
ken@rockcliffmetals.com

CHF Capital Markets
Cathy Hume, CEO
Phone: (416) 868-1079 ext.231
cathy@chfir.com


Rockcliff Announces $1.5 Million Non-Brokered Private Placement, Proposed Share Consolidation, Change of Name and Appointment of New Directors

Toronto, ON – January 31, 2018 – Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce that it intends to complete a 5 to 1 consolidation of its outstanding capital (the “Consolidation”) and a $1.5 million non-brokered private placement (the “Financing”) of 6 million post-Consolidation working capital units (“WC Units”). The Company also intends to change its name to “Manitoba Metals Corporation” (the “Name Change”) with a new trading symbol of “MAN” and appoint two new directors to its Board.

Consolidation

Further to the approval by the Company’s shareholders obtained on October 19, 2017, the Company will complete the Consolidation of its issued and outstanding common shares on the basis of one (1) post-Consolidation common share for every five (5) pre-consolidation common shares resulting in a total of approximately 32,141,457 post-Consolidation common shares issued and outstanding following the Consolidation and prior to completion of the Financing. No fractional common shares will be issued as a result of the Consolidation.   All fractions of post-Consolidation common shares will be rounded to the next lowest whole number and such fractional common shares will be cancelled. Following the completion of the Financing, outstanding capital will be approximately 38,141,457 post-Consolidation common shares.

Financing and Name Change

After giving effect to the Consolidation, the Financing will comprise a WC Unit priced at $0.25 and consisting of one (1) common share and one common share purchase warrant (a “WC Warrant”).  Each WC Warrant entitles the holder to purchase one (1) common share (a “WC Warrant Share”) at a price of $0.35 per WC Warrant Share until two (2) years from the closing of the Financing. Eligible finders may receive a cash fee of up to 7% of the value of WC Units sold and broker warrants of up to 7% of the number of WC Units sold. Each broker warrant entitles the holder to acquire one common share of the Company at $0.25 for a period of two years from the closing of the Financing. The Company will issue 6,000,000 common shares and 6,000,000 WC Warrants in respect of the Financing. All securities issued pursuant to the Financing will be subject to a four month hold period.

The net proceeds from the Financing will be used to fund exploration of the Company’s Manitoba properties and for general working capital purposes.  The Company’s Manitoba properties in the Snow Lake mining camp include some of the highest grade undeveloped base metal (copper and zinc) deposits.  Exploration activities will include geological, airborne and surface geophysical and diamond drilling programs in respect of the Company’s base metal deposits.

The Financing is anticipated to close by February 14, 2018. Completion of the Consolidation and Name Change is conditional upon the funds from the Financing being in place immediately prior to effecting the Consolidation and Name Change after which the Financing will close.

The Company will issue a press release immediately prior to the closing of the Financing, setting out the new CUSIP number and trading symbol and the timing for the commencement of trading under the new name and symbol on the TSX Venture Exchange (“TSXV”).

Upon completion of the Financing, the Company intends to appoint Matthew Hornor and Robert Leckie to the Board of Directors. Donald Christie and William R Johnstone will be resigning as directors upon the appointment of Messrs. Hornor and Leckie. Mr. Johnstone will remain the Corporate Secretary of the Company.

Rockcliff’s President & CEO, Ken Lapierre, stated: “With completion of the Financing, a new name and new Board members, we are making serious and Company changing steps that are timely and exciting.  Our name change reflects our commitment to our Manitoba operations.  With the ongoing trend of increasing metal demand and decreasing metal supply, Manitoba Metals Corporation will be in a position to take advantage of improving market conditions.  I believe 2018 will be a breakthrough year for the Company and we look forward to exploration successes and resource growth from our high-grade assets in Manitoba.”

New Directors

Mr. Matthew Hornor is an executive leader with a proven track record in the legal, financial and business development arenas. He has extensive expertise in raising capital having worked with the Ivanhoe group of companies for over ten years.  Mr. Hornor presently serves as President & CEO of Maple Gold Mines (TSX.V: MGM), a junior gold exploration and development Company which is advancing the Douay Gold Project in Quebec, Canada. Mr. Hornor recently served as the VP and Executive VP for Ivanhoe Mines Ltd.  for ten years.  He negotiated and completed project financings during his time with Ivanhoe Mines Ltd. with international banking syndicates, structured strategic alliances and directly negotiated equity capital raises totalling more than CDN$450M. Mr. Hornor also acted as Managing Director for Ivanhoe Capital Corporation for ten years and was Chairman for Ivanplats Holding SARL (owner of the Platreef project) for over four years. While serving a four-year term as CEO of Kaizen Discovery Inc., Mr. Hornor successfully structured multiple resource project acquisitions, equity financings and delivered a collaboration agreement with Itochu Corporation, a prominent Japanese trading and investment house. Fluent in Japanese, Mr. Hornor maintains a strong relationship in Japan with top management at major corporations, mining companies, investment firms and trading houses.

Mr. Robert Leckie currently serves as a Vice-President of Dundee Resources Ltd., where he is responsible for identifying and developing investment opportunities. Mr. Leckie is a graduate of Dalhousie University in Halifax, Nova Scotia. Previously Mr. Leckie has worked in corporate finance at a Toronto boutique, served as a Managing Director of Dundee Acquisition Ltd., and has sat on the board of various public and private companies including Reunion Gold Corporation, AGM Ghana, True North Nickel Inc., and Focused Capital II Corp. Additionally, he is currently acting CEO of AgriMarine Holdings Inc."

The Board would like to thank Mr. Johnstone and Mr. Christie who have been instrumental in laying the building blocks for the Company’s growing resources in Manitoba and have been very supportive of this new and exciting direction the Company is now taking.

Rockcliff’s President & CEO, Ken Lapierre, stated: “The addition of Mr. Horner and Mr. Leckie is an exciting new step in the evolution of the Company.  Matthew and Rob will give us a distinct advantage in the equity markets to not only disseminate the Company’s story to a broader, global retail and institutional audience but will also allow us access to a larger financial network for additional equity capital raises. To have the opportunity to access greater funds to explore our numerous high-grade properties at the same time, the value creation would be exponential and the additional exploration results obtained could be phenomenal.”

The Consolidation, the Financing, the Name Change and the appointment of two new directors are subject to the approval of TSXV.

About Manitoba Metals Corporation

The Company is a Canadian resource exploration company focused on the discovery, advancement and consolidation of a portfolio of the highest grade, undeveloped metal deposits in the prolific Flin Flon – Snow Lake greenstone belt located in central Manitoba. The Company’s current portfolio of projects, totalling in excess of 45,000 hectares, is located in and around the Snow Lake mining camp and hosts some of the highest grade undeveloped NI 43-101 compliant copper deposits (the gold-rich Talbot copper deposit and the Rail copper deposit), and some of the highest grade undeveloped historical zinc deposits (the Lon zinc deposit, the Bur zinc deposit, the Morgan zinc deposit and the down dip continuation of the Pen zinc deposit).  The Company’s properties also include five gold-rich properties, a Net Smelter Royalty on the Tower property (the T-1 copper deposit) and the optioned near surface high grade MacBride zinc deposit located north of Snow Lake near Leaf Rapids, Manitoba.

Cautionary Note Regarding Forward-Looking Statements: This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.

All statements within, other than statements of historical fact, are to be considered forward looking. Although Rockcliff 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 forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact: 

Rockcliff Metals Corporation
Ken Lapierre, P.Geo
President & CEO
Cell: (647) 678-3879
Off: (416) 644-1752
ken@rockcliffmetals.com

CHF Capital Markets
Cathy Hume, CEO
Phone: (416) 868-1079 ext.231
cathy@chfir.com


Rockcliff Files on SEDAR an Updated Inferred Resource Estimate for the High Grade Talbot Deposit, Talbot Property, Manitoba

Toronto, ON – January 19, 2018 – Further to its news release dated December 7, 2017, Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce the filing of a National Instrument 43-101-Standards of Disclosure for Mineral Projects (“NI 43-101”) technical report dated January 19, 2018 and entitled “Independent Technical Report for the Talbot Polymetallic Project, Manitoba, Canada” (the “Technical Report”) in respect of an updated Mineral Resource Estimate prepared by SRK Consulting (Canada) Inc., (“SRK”) for the Talbot Copper Deposit located on the Talbot Property, central Manitoba.   The Talbot Property is part of the Company’s Manitoba property portfolio and is located within the prolific Flin Flon-Snow Lake greenstone belt. A copy of the Technical Report is available on the Company’s SEDAR issuer profile at www.SEDAR.com.

Please view the longitudinal image on the following page highlighting the location of the Talbot Copper Deposit and surrounding geophysical conductive plates.

The Inferred Mineral Resource Statement prepared by SRK for the Talbot Deposit is detailed below.

Mineral Resource Statement*, Talbot Polymetallic Project, Manitoba, SRK Consulting (Canada) Inc., December 7, 2017

 * Mineral resources are not mineral reserves and have not demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimates. Composites were capped where appropriate. Mineral resources are reported at a copper equivalent cut-off value of 2% copper per tonne, considering metal prices of US$3.00 per pound of copper, US$1.20 per pound of zinc, US$1,400 per ounce of gold and US$22 per ounce of silver, and assuming metal recovery of 90% for copper, 90% for zinc, 70% for gold and 70% for silver.

* Mineral resources are not mineral reserves and have not demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimates. Composites were capped where appropriate. Mineral resources are reported at a copper equivalent cut-off value of 2% copper per tonne, considering metal prices of US$3.00 per pound of copper, US$1.20 per pound of zinc, US$1,400 per ounce of gold and US$22 per ounce of silver, and assuming metal recovery of 90% for copper, 90% for zinc, 70% for gold and 70% for silver.

 *CuEq = (Cu+(Ag*0.01) +(Au*0.53) +(Zn*0.40))  The numbers may not add up due to rounding.

*CuEq = (Cu+(Ag*0.01) +(Au*0.53) +(Zn*0.40))
The numbers may not add up due to rounding.

Figure 1: Talbot Copper Deposit and Surrounding Geophysical Conductive Plates

Resource Estimation Methodology

The mineral resource (“Mineral Resource”) reported herein, considered drilling information available up to July 15, 2017 and was evaluated using a geostatistical block modelling approach constrained by polymetallic mineralization wireframes. The Mineral Resource has been estimated in conformity with the CIM “Mineral Resources and Mineral Reserves Estimation Best Practices” guidelines and are classified according to the CIM Definition Standards for Mineral Resources and Mineral Reserves (May 2014) guidelines. The Mineral Resource Statement is reported in accordance with Canadian Securities Administrators’ National Instrument 43-101. Mineral Resources are not Mineral Reserves and have not demonstrated economic viability. There is no certainty that all or any part of the Mineral Resource will be converted into Mineral Reserves. The effective date of the Mineral Resource Statement is December 1, 2017.

The evaluation of the Mineral Resource involved the following procedures:

  • Database compilation and verification;
  • Construction of three-dimensional wireframe models for the boundaries of the mineralization;
  • Definition of resource domains within the geological models;
  • Data extraction and processing (compositing and capping), statistical analysis, and variography
  • Selection of estimation strategy and estimation parameters
  • Block modelling and grade estimation
  • Validation, classification, and tabulation
  • Assessment of “reasonable prospects for eventual economic extraction,” and selection of the reporting assumptions
  • Preparation of the Mineral Resource Statement

The drill hole database to support the Resource estimate is comprised of 84 core boreholes totalling 44,800 metres of drilling.  Based on the current data available supporting the Mineral Resource Estimate, all material above the Mineral Resource cut-off grade was classified as Inferred.

The Mineral Resource is estimated using a long-term gold price of US$1,400 per ounce, silver price of US$20 per ounce, copper price of US$3.00 per pound, and zinc price of US$1.20 per pound. An NSR cut-off value of 2.0% copper equivalent was used for reporting the Mineral Resource.  The average composite thickness of the deposit was 7.14 metres.

Extent to Which the Mineral Resource Estimate may be Materially Affected by any Known Relevant Issues

Neither Rockcliff’s Qualified Person, Ken Lapierre, nor SRK’s Qualified Person, Sébastien Bernier, nor management of Rockcliff is aware of any known environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant issues that may materially affect the estimate of the Mineral Resource.

Talbot Mineralization and Resource Expansion Potential

The Talbot Property hosts the high grade Talbot Copper Deposit which is defined as a stratabound, gold-rich VMS copper deposit consisting of a single lens of coarse grain to stringer to massive sulphides of pyrite, chalcopyrite, sphalerite and pyrrhotite in a quartzofeldspathic gneiss.  The polymetallic mineralization remains open in all directions and bore hole and DPEM geophysical surveys immediately outside of the known limits of the Talbot Copper Deposit Resource have identified large conductive plates that could represent additional areas with VMS mineralization.  The depositional environment of the Talbot Property is similar to that of present and past producing base metal deposits associated with bi-model volcanism(felsic to mafic volcanic and volcaniclastic rocks) in the Flin Flon – Snow Lake greenstone belt.

Quality Control and Quality Assurance

Samples of half core were packaged and shipped directly from Rockcliff’s field office to TSL Laboratories (TSL), Saskatoon, Saskatchewan.  TSL is a Canadian assay laboratory and is accredited under ISO/IEC 17025.  Each bagged core sample was dried, crushed to 70% passing 10 mesh and a 250g pulp is pulverized to 95% passing 150 mesh for assaying.  A 0.5g cut is taken from each pulp for base metal analyses and leached in a multi acid (total) digestion and then analyzed for copper, lead, zinc and silver by atomic absorption.  Gold concentrations are determined by fire assay using a 30g charge followed by an atomic absorption finish.  Samples greater than the upper detection limit (3000 ppb) are reanalyzed using fire assay gravimetric using a 1 AT charge.  Rockcliff inserted certified blanks and standards in the sample stream to ensure lab integrity. Rockcliff has no relationship with TSL other than TSL being a service provider to the Company.

The Mineral Resource for the Talbot Property disclosed in this press release has been estimated by Mr. Sébastien Bernier, P.Geo., an employee of SRK and independent of Rockcliff. By virtue of his education and relevant experience Mr. Bernier is a "Qualified Person" for the purpose of National Instrument 43-101. Mr. Bernier, P.Geo. has read and approved the contents of this press release as it pertains to the disclosed Mineral Resource Estimate.

Ken Lapierre P.Geo., President and CEO of Rockcliff, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this press release.

Rockcliff can earn a 51% interest in the Talbot Property from Hudbay Minerals Inc.(“Hudbay”, HBM:TSX;NYSE). Please refer to the news release dated October 11, 2016 for specific terms of the option agreement.

About Rockcliff Metals Corporation

Rockcliff is a Canadian resource exploration company focused on the discovery, advancement and consolidation of a portfolio of the highest grade, undeveloped VMS metal deposits in the prolific Flin Flon – Snow Lake Greenstone Belt located in central Manitoba. The Company’s current portfolio of projects, totalling in excess of 45,000 hectares, is located in and around the Snow Lake mining camp and hosts some of the highest grade undeveloped NI 43-101 compliant copper deposits (the gold-rich Talbot Copper Deposit and the Rail Copper Deposit), and the highest grade undeveloped historical zinc deposits (the Lon Zinc Deposit, the Bur Zinc Deposit, the Morgan Zinc Deposit and the down dip continuation of the Pen Zinc Deposit).  The Company’s properties also include Manitoba’s first and highest grade former lode gold producer (Laguna gold property), four additional gold-rich properties (SLG gold property, DSN gold property, Berry Creek gold property and the Lucky Jack gold property), a Net Smelter Royalty on the Tower property (the T-1 Copper Deposit) slated for production in 2019 and the optioned near surface high grade MacBride zinc deposit located north of Snow Lake near Leaf Rapids, Manitoba.

For further information, please contact: 

Rockcliff Metals Corporation
Ken Lapierre, P.Geo
President & CEO
Cell: (647) 678-3879
Off: (416) 644-1752
ken@rockcliffmetals.com

CHF Capital Markets
Cathy Hume, CEO
Phone: (416) 868-1079 ext.231
cathy@chfir.com


Rockcliff Metals to Attend Upcoming Resource Investment Conference 2018

Toronto, ON – January 10, 2018 – Rockcliff Metals Corporation (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) will attend the Vancouver Resource Investment Conference brought to you by Cambridge House International.

Vancouver Resource Investment Conference

About Rockcliff Metals Corporation

Rockcliff is a Canadian resource exploration company focused on the discovery, advancement and consolidation of a portfolio of the highest grade, undeveloped metal deposits in the prolific Flin Flon – Snow Lake greenstone belt located in central Manitoba. The Company’s current portfolio of projects, totalling in excess of 45,000 hectares, is located in and around the Snow Lake mining camp and hosts some of the highest grade undeveloped NI 43-101 compliant copper deposits (the gold-rich Talbot copper deposit and the Rail copper deposit), and some of the highest grade undeveloped historical zinc deposits (the Lon zinc deposit, the Bur zinc deposit, the Morgan zinc deposit and the down dip continuation of the Pen zinc deposit).  The Company’s properties also include Manitoba’s first and highest grade former lode gold producer (Laguna Gold property), four additional gold-rich properties (SLG Gold property, DSN Gold property, Berry Creek Gold property and Lucky Jack Gold property), a Net Smelter Royalty on the Tower property (the T-1 copper deposit) and the optioned near surface high grade MacBride zinc deposit located north of Snow Lake near Leaf Rapids, Manitoba.

For further information, please contact: 

Rockcliff Metals Corporation
Ken Lapierre, P.Geo
President & CEO
Cell: (647) 678-3879
Off: (416) 644-1752
ken@rockcliffmetals.com

CHF Capital Markets
Cathy Hume, CEO
Phone: (416) 868-1079 ext.231
cathy@chfir.com


Rockcliff Drills High Grade Zinc in Step Out Holes at Bur Zinc Property 7.2% ZnEq Across 4.9 Metres Including 10.9% ZnEq Across 2.9 Metres

Toronto, ON – December 20, 2017 – Rockcliff Metals Corporation (“Rockcliff“ or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce the completion of a first phase ten-hole step out drill program totalling 3,250 metres on the Company’s Bur Zinc property.   The Bur Zinc property which hosts the historical high grade Volcanogenic Massive Sulphide (VMS) Bur zinc deposit is part of the Company’s Manitoba property portfolio. Rockcliff’s drilling was concentrated in an 800 metres long area southwest of the historical Bur zinc deposit below encouraging results from previous limited drilling.  The Bur Zinc property is strategically located approximately 22 kilometres by road from Hudbay Minerals Inc.’s (“Hudbay”, HBM: TSX; NYSE) copper-zinc concentrator centered in the Snow Lake mining camp within the prolific Flin Flon-Snow Lake greenstone belt located in central Manitoba.

Significant highlights of Rockcliff’s first phase step out drill program are detailed below.

  • Hole 007 yielded 7.2% ZnEq across 4.9 metres including 10.9% ZnEq across 2.9 metres
  • Hole 005 yielded 6.8% ZnEq across 4.3 metres including 16.9% ZnEq across 1.0 metres
  • Hole 002 yielded 5.9% ZnEq across 6.9 metres including 9.1% ZnEq across 2.4 metres

Rockcliff’s President and CEO Ken Lapierre commented, “Rockcliff’s first phase step out drill program was successful in identifying significant VMS mineralization adjacent to and southwest of the known limits of the historical Bur zinc deposit.  Each drill hole intersected what is termed the Bur VMS horizon, a potential 8,000 metres long mineralized horizon that hosts the high-grade Bur zinc deposit. Largely untested by a systematic drill program outside of the Bur zinc deposit area, the potential to identify additional resources along this important horizon is considered excellent and will be the focus of upcoming drill programs on the Bur Zinc property.”

Significant assays from Rockcliff’s first phase step out drill program are tabled below.

  (m) = metres represents down the hole thickness as true thickness is not currently known, % = percentage, g/t = grams per tonne, *ZnEq = zinc equivalent value using US$1.20/pound zinc, US$3.00/pound copper, US$1.00/pound lead,  US1400/ troy ounce gold and US$20 /per ounce silver, 100% metal recoveries were applied, Zinc Equivalent calculation is: ZnEq = Zn grade + (Cu grade%/100*2204.6 x Cu price) + (Pb grade%/100*2204.6 x Pb price) + (Au grade/32.15/1000 x Au price) + (Ag grade/32.15/1000 x Ag price)/Zn price/20. The numbers may not add up due to rounding.

(m) = metres represents down the hole thickness as true thickness is not currently known, % = percentage, g/t = grams per tonne, *ZnEq = zinc equivalent value using US$1.20/pound zinc, US$3.00/pound copper, US$1.00/pound lead,  US1400/ troy ounce gold and US$20 /per ounce silver, 100% metal recoveries were applied, Zinc Equivalent calculation is: ZnEq = Zn grade + (Cu grade%/100*2204.6 x Cu price) + (Pb grade%/100*2204.6 x Pb price) + (Au grade/32.15/1000 x Au price) + (Ag grade/32.15/1000 x Ag price)/Zn price/20. The numbers may not add up due to rounding.

Additional drill hole information from Rockcliff’s step out drill program is highlighted below.

Graph 2.JPG

A report was prepared on the Bur zinc property in 2007. Rockcliff is treating the estimate of mineral resources in the Bur Deposit Report as a “historical estimate” under NI 43-101 and not as a current mineral resource.

  Notes: 1.CIM definitions were followed for the estimation of mineral resources. 2.Mineral resources are estimated at a zinc equivalent cut-off of 5%. 3.Cut-off grade was based on a zinc price of US$1.15 per pound and a copper price of US$2.35 per pound. 4.Given the tonnage, grade and orientation of the deposit, AMEC considered the Bur Deposit to be reasonably amenable to extraction using underground mining methods. 5.Specific Gravity measurements used to estimate the mineral resource tonnes ranged from 2.64 to 3.74 with an average of 3.16. 6.A minimum mining width of 3 metres was used. 7.Mineral resources are not mineral reserves and do not have demonstrated economic viability. 8. The deposit was documented in a report dated October 1, 2007 and titled “Bur Project, Snow Lake Manitoba, Canada NI 43-101 Technical Report” (the “ NI 43-101 Bur Deposit Report ”). The report was prepared for Hudbay by AMEC Americas Limited (AMEC) and was filed on Hudbay’s SEDAR profile on January 31, 2008.

Notes: 1.CIM definitions were followed for the estimation of mineral resources. 2.Mineral resources are estimated at a zinc equivalent cut-off of 5%. 3.Cut-off grade was based on a zinc price of US$1.15 per pound and a copper price of US$2.35 per pound. 4.Given the tonnage, grade and orientation of the deposit, AMEC considered the Bur Deposit to be reasonably amenable to extraction using underground mining methods. 5.Specific Gravity measurements used to estimate the mineral resource tonnes ranged from 2.64 to 3.74 with an average of 3.16. 6.A minimum mining width of 3 metres was used. 7.Mineral resources are not mineral reserves and do not have demonstrated economic viability. 8. The deposit was documented in a report dated October 1, 2007 and titled “Bur Project, Snow Lake Manitoba, Canada NI 43-101 Technical Report” (the “NI 43-101 Bur Deposit Report”). The report was prepared for Hudbay by AMEC Americas Limited (AMEC) and was filed on Hudbay’s SEDAR profile on January 31, 2008.

Historical estimates of grade and tonnage given in this press release are viewed as reliable and relevant based on the information and methods used at the time. The NI 43-101 Bur Deposit Report prepared for Hudbay in 2007 was prepared in compliance with resource definitions under NI 43-101 but must be considered only as historic resources as neither Rockcliff nor its Qualified Persons have done sufficient work to classify the historic estimate as a current mineral resource under current mineral resource or mineral reserve terminology and are not treating the historic estimate as a current mineral resource. The historic resource should not be relied upon.  Additional work including surface geophysics, drilling and bore hole geophysics will need to be completed to upgrade the historical resource to current.

The Bur zinc deposit is a stratiform, distal, massive sulphide deposit that occurs within a narrow turbidite assemblage of interbedded metagreywacke, metasiltstone and graphitic meta-argillite in a basinal area situated between two granitic intrusions. The northeast striking deposit dips 60-70 degrees northwest, ranges from <0.3 metres up to 5 metres thick with a known lateral extent of approximately 4,500 metres.  Historical drilling encountered disseminated, semi-massive and massive sulphide mineralization below overburden to a vertical depth of 950 metres. Mineralization consists of sphalerite, chalcopyrite, pyrrhotite, pyrite, galena and arsenopyrite. The Bur zinc deposit contains up to 20% felsic or cherty nodules consisting of wall rock and late quartz fragments displaying a brecciated texture to the mineralization.  The Bur zinc deposit remains open in all directions.

Rockcliff can earn a 100% interest in the Bur Zinc Property from Hudbay. Please refer to Rockcliff’s news release dated September 26, 2016 for specific terms of the option agreement.

Quality Control and Quality Assurance

Samples of half core were packaged and shipped directly from Rockcliff’s field office to TSL Laboratories (TSL), Saskatoon, Saskatchewan.  TSL is a Canadian assay laboratory and is accredited under ISO/IEC 17025.  Each bagged core sample was dried, crushed to 70% passing 10 mesh and a 250g pulp is pulverized to 95% passing 150 mesh for assaying.  A 0.5g cut is taken from each pulp for base metal analysis and leached in a multi acid (total) digestion and then analyzed for copper, lead, zinc and silver by atomic absorption.  Gold concentrations are determined by fire assay using a 30g charge followed by an atomic absorption finish.  Samples greater than the upper detection limit (3000 ppb) are reanalyzed using fire assay gravimetric using a 1 AT charge.  Rockcliff inserted certified blanks and standards in the sample stream to ensure lab integrity. Rockcliff has no relationship with TSL other than TSL being a service provider to the Company.

Ken Lapierre P.Geo., President and CEO of Rockcliff., a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this press release.

About Rockcliff Metals Corporation

On November 1, 2017 Rockcliff Copper Corporation changed its name to Rockcliff Metals Corporation.  The change of name more accurately reflects the polymetallic nature of the Company’s high-grade VMS (copper, gold, zinc, silver) properties and its portfolio of primary lode gold properties.

Rockcliff is a Canadian resource exploration company focused on the discovery, advancement and consolidation of a portfolio of the highest grade, undeveloped metal deposits in the prolific Flin Flon – Snow Lake greenstone belt located in central Manitoba. The Company’s current portfolio of projects, totalling in excess of 45,000 hectares, is located in and around the Snow Lake mining camp and hosts some of the highest grade undeveloped NI 43-101 compliant copper deposits (the gold-rich Talbot copper deposit and the Rail copper deposit), and some of the highest grade undeveloped historical zinc deposits (the Lon zinc deposit, the Bur zinc deposit, the Morgan zinc deposit and the down dip continuation of the Pen zinc deposit).  The Company’s properties also include Manitoba’s first and highest grade former lode gold producer (Laguna Gold property), four additional gold-rich properties (SLG Gold property, DSN Gold property, Berry Creek Gold property and Lucky Jack Gold property), a Net Smelter Royalty on the Tower property (the T-1 copper deposit) and the optioned near surface high grade MacBride zinc deposit located north of Snow Lake near Leaf Rapids, Manitoba.

Cautionary Note Regarding Forward-Looking Statements: This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.

All statements within, other than statements of historical fact, are to be considered forward looking. Although Rockcliff 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 forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact: 

Rockcliff Metals Corporation
Ken Lapierre, P.Geo
President & CEO
Cell: (647) 678-3879
Off: (416) 644-1752
ken@rockcliffmetals.com

CHF Capital Markets
Cathy Hume, CEO
Phone: (416) 868-1079 ext.231
cathy@chfir.com


Rockcliff Expands Talbot Copper Deposit Expands to 4.2Mt at 3.4% Copper Equivalent (1.6% Copper, 1.8 g/t Gold, 1.4% Zinc, 28.0g/t Silver)

Toronto, ON – December 7, 2017 – Rockcliff Metals Corporation (“Rockcliff“ or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce an updated Mineral Resource Estimate prepared by SRK Consulting (Canada) Inc., (“SRK”) for the Talbot Copper Deposit located on the Talbot Property, central Manitoba.   The Talbot Property is part of the Company’s Manitoba property portfolio and is located within the prolific Flin Flon-Snow Lake greenstone belt.

Ken Lapierre, President and CEO commented, “The new global National Instrument 43-101 mineral resource of 4.2 Million tonnes at a 3.4% copper equivalent is a very significant milestone for Rockcliff.  To my knowledge, only four mines (Flin Flon, Lalor, 777 and Sherridon West) of the approximate thirty mines that have gone into production in the belt had an initial resource greater than the present Talbot Copper Deposit Resource.  The deposit remains open in all directions and is robust and predictable in all aspects including the geology, the estimation, classification and reporting assumptions.  Last year’s geophysics indicated significant upside potential to discover more VMS (copper, gold, zinc, silver) mineralization at the West Talbot Deep Conductive Plate.  Our present geophysical survey will focus on this large untested 1 kilometre by 1 kilometre anomaly, located immediately below and in the footwall of the deposit. The Talbot Property is our flagship gold-rich copper asset and we are extremely excited about its present growth trajectory and our 2018 drilling will be planned to increase the potential size of this asset.”

Please view the longitudinal image on the following page highlighting the location of the Talbot Copper Deposit and surrounding geophysical conductive plates.

The Inferred Mineral Resource Statement prepared by SRK for the Talbot Deposit is detailed below.

Mineral Resource Statement*, Talbot Project, Manitoba, SRK Consulting (Canada) Inc., December 1, 2017

 * Mineral resources are not mineral reserves and have not demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimates. Composites were capped where appropriate. Mineral resources are reported at a copper equivalent cut-off value of 2% copper per tonne, considering metal prices of US$3.00 per pound of copper, US$1.20 per pound of zinc, US$1,400 per ounce of gold and US$22 per ounce of silver, and assuming metal recovery of 90% for copper, 90% for zinc, 70% for gold and 70% for silver.

* Mineral resources are not mineral reserves and have not demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimates. Composites were capped where appropriate. Mineral resources are reported at a copper equivalent cut-off value of 2% copper per tonne, considering metal prices of US$3.00 per pound of copper, US$1.20 per pound of zinc, US$1,400 per ounce of gold and US$22 per ounce of silver, and assuming metal recovery of 90% for copper, 90% for zinc, 70% for gold and 70% for silver.

22230_RockcliffImg112072017.jpg

*CuEq = (Cu+(Ag*0.01) +(Au*0.53) +(Zn*0.40))
The numbers may not add up due to rounding.

Figure 1: Talbot Copper Deposit and Surrounding Geophysical Conductive Plates

Resource Estimation Methodology

The mineral resource (“Mineral Resource”) reported herein, considered drilling information available up to July 15, 2017 and was evaluated using a geostatistical block modelling approach constrained by polymetallic mineralization wireframes. The Mineral Resource has been estimated in conformity with the CIM “Mineral Resources and Mineral Reserves Estimation Best Practices” guidelines and are classified according to the CIM Definition Standards for Mineral Resources and Mineral Reserves (May 2014) guidelines. The Mineral Resource Statement is reported in accordance with Canadian Securities Administrators’ National Instrument 43-101. Mineral Resources are not Mineral Reserves and have not demonstrated economic viability. There is no certainty that all or any part of the Mineral Resource will be converted into Mineral Reserves. The effective date of the Mineral Resource Statement is December 1, 2017.

The evaluation of the Mineral Resource involved the following procedures:

  • Database compilation and verification;
  • Construction of three-dimensional wireframe models for the boundaries of the mineralization;
  • Definition of resource domains within the geological models;
  • Data extraction and processing (compositing and capping), statistical analysis, and variography
  • Selection of estimation strategy and estimation parameters
  • Block modelling and grade estimation
  • Validation, classification, and tabulation
  • Assessment of “reasonable prospects for eventual economic extraction,” and selection of the reporting assumptions
  • Preparation of the Mineral Resource Statement

The drill hole database to support the Resource estimate is comprised of 84 core boreholes totalling 44,800 metres of drilling.  Based on the current data available supporting the Mineral Resource Estimate, all material above the Mineral Resource cut-off grade was classified as Inferred.

The Mineral Resource is estimated using a long-term gold price of US$1,400 per ounce, silver price of US$20 per ounce, copper price of US$3.00 per pound, and zinc price of US$1.20 per pound. An NSR cut-off value of 2.0% copper equivalent was used for reporting the Mineral Resource.  The average composite thickness of the deposit was 7.14 metres.

Extent to Which the Mineral Resource Estimate may be Materially Affected by any Known Relevant Issues

Neither Rockcliff’s Qualified Person, Ken Lapierre, nor SRK’s Qualified Person, Sébastien Bernier, nor management of Rockcliff is aware of any known environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant issues that may materially affect the estimate of the Mineral Resource.

The Technical Report, compiled in accordance with NI 43-101, will be filed on Rockcliff’s issuer profile on SEDAR within 45 days of release of this press release.

Talbot Mineralization and Resource Expansion Potential

The Talbot Property hosts the high grade Talbot Copper Deposit which is defined as a stratabound, gold-rich VMS copper deposit consisting of a single lens of coarse grain to stringer to massive sulphides of pyrite, chalcopyrite, sphalerite and pyrrhotite in a quartzofeldspathic gneiss.  The polymetallic mineralization remains open in all directions and bore hole and DPEM geophysical surveys immediately outside of the known limits of the Talbot Copper Deposit Resource have identified large conductive plates that could represent additional areas with VMS mineralization.  The depositional environment of the Talbot Property is similar to that of present and past producing base metal deposits associated with bi-model volcanism(felsic to mafic volcanic and volcaniclastic rocks) in the Flin Flon – Snow Lake greenstone belt.

Quality Control and Quality Assurance

Samples of half core were packaged and shipped directly from Rockcliff’s field office to TSL Laboratories (TSL), Saskatoon, Saskatchewan.  TSL is a Canadian assay laboratory and is accredited under ISO/IEC 17025.  Each bagged core sample was dried, crushed to 70% passing 10 mesh and a 250g pulp is pulverized to 95% passing 150 mesh for assaying.  A 0.5g cut is taken from each pulp for base metal analyses and leached in a multi acid (total) digestion and then analyzed for copper, lead, zinc and silver by atomic absorption.  Gold concentrations are determined by fire assay using a 30g charge followed by an atomic absorption finish.  Samples greater than the upper detection limit (3000 ppb) are reanalyzed using fire assay gravimetric using a 1 AT charge.  Rockcliff inserted certified blanks and standards in the sample stream to ensure lab integrity. Rockcliff has no relationship with TSL other than TSL being a service provider to the Company.

The Mineral Resource for the Talbot Property disclosed in this press release has been estimated by Mr. Sébastien Bernier, P.Geo., an employee of SRK and independent of Rockcliff. By virtue of his education and relevant experience Mr. Bernier is a "Qualified Person" for the purpose of National Instrument 43-101. Mr. Bernier, P.Geo. has read and approved the contents of this press release as it pertains to the disclosed Mineral Resource Estimate.

Ken Lapierre P.Geo., President and CEO of Rockcliff, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this press release.

Rockcliff can earn a 51% interest in the Talbot Property from Hudbay Minerals Inc.(“Hudbay”, HBM:TSX;NYSE). Please refer to the news release dated October 11, 2016 for specific terms of the option agreement.

About Rockcliff Metals Corporation

On November 1, 2017 Rockcliff Copper Corporation changed its name to Rockcliff Metals Corporation.  The change of name better reflects the polymetallic nature of the Company’s high-grade VMS properties that comprise copper, gold, zinc and silver and its primary lode gold properties.

Rockcliff is a Canadian resource exploration company focused on the discovery, advancement and consolidation of a portfolio of the highest grade, undeveloped metal deposits in the prolific Flin Flon – Snow Lake Greenstone Belt located in central Manitoba. The Company’s current portfolio of projects, totalling in excess of 45,000 hectares, is located in and around the Snow Lake mining camp and hosts some of the highest grade undeveloped NI 43-101 compliant copper deposits (the gold-rich Talbot Copper Deposit and the Rail Copper Deposit), and the highest grade undeveloped historical zinc deposits (the Lon Zinc Deposit, the Bur Zinc Deposit, the Morgan Zinc Deposit and the down dip continuation of the Pen Zinc Deposit).  The Company’s properties also include Manitoba’s first and highest grade former lode gold producer (Laguna gold property), four additional gold-rich properties (SLG gold property, DSN gold property, Berry Creek gold property and the Lucky Jack gold property), a Net Smelter Royalty on the Tower property (the T-1 Copper Deposit) and the optioned near surface high grade MacBride zinc deposit located north of Snow Lake near Leaf Rapids, Manitoba.

Cautionary Note Regarding Forward-Looking Statements: This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.

All statements within, other than statements of historical fact, are to be considered forward looking. Although Rockcliff 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 forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact: 

Rockcliff Metals Corporation
Ken Lapierre, P.Geo
President & CEO
Cell: (647) 678-3879
Off: (416) 644-1752
ken@rockcliffmetals.com

CHF Capital Markets
Cathy Hume, CEO
Phone: (416) 868-1079 ext.231
cathy@chfir.com

 


Rockcliff Identifies Seventeen High Priority Geophysical Gold Targets at Laguna Gold Property, Manitoba

Toronto, ON – November 30, 2017 – Rockcliff Metals Corporation (“Rockcliff“ or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce that an Induced Polarization (IP) and resistivity geophysical survey has been completed at the Company’s Laguna Gold Property, Manitoba.  The IP and resistivity survey was completed in an area covering the Laguna Gold Mine Trend, a 5.0 kilometre long by 1.0 kilometre wide gold-rich, sulphide-bearing quartz vein environment.  The Laguna Gold Property hosts the former high-grade Laguna gold mine, Manitoba’s first and highest-grade gold mine and is part of the Company’s Manitoba property portfolio, one of the highest-grade base and precious metals property portfolios in North America. The Company’s property portfolio is in the Snow Lake mining camp located within the prolific Flin Flon-Snow Lake greenstone belt hosting high-grade precious and base metal deposits and mines.

Please review Figure 1 highlighting the IP chargeability at a 200 metre RSL depth slice across approximately 5.0 kilometres of the Laguna Gold Mine Trend.   

Ken Lapierre President & CEO stated “Our IP and resistivity geophysical survey at the Laguna Gold Property, has identified seventeen significant high priority anomalies within the Laguna Gold Mine Trend worthy of follow-up exploration.  The Laguna Gold Mine Trend is a bona fide gold-rich, sulphide-bearing quartz vein environment with significant geophysical depth potential to at least 250 metres vertical. The Laguna Gold Mine Trend is a minimum 5.0 kilometres long by 1.0 kilometre wide and hosts the Laguna Gold Mine and multiple additional gold-rich, sulphide-bearing quartz veins with significant grab sample gold assays from trace to plus 620 grams per tonne.  The Laguna Gold Mine Trend was last drilled in 1944 and now with definition of these new untested gold targets is a testament to the excellent untested gold potential at Laguna.”

Induced Polarization and Resistivity Survey: Seventeen High Priority Gold Targets Identified

The purpose of the IP and resistivity survey at the Laguna Gold Property was to determine the effectiveness of the electrical survey method in identifying possible anomalies from surface to depth from sulphide-bearing gold-rich surface quartz veins.  A total of 40.5 kilometres of survey was completed on 51 survey grid lines covering the Laguna Gold Mine Trend, an area 5.0 kilometres long by 1.0 kilometre wide was surveyed. The tight electrode survey spacing allowed excellent surface resolution and superior depth penetration up to 250 metres vertical.  

The IP and resistivity survey was successful in identifying seventeen high priority anomalies throughout the Laguna Gold Mine Trend which were strategically located mostly below and along strike of known gold-bearing sulphide-rich quartz veins and are all considered worthy of follow-up exploration.  Additional exploration during winter freeze-up will include a second IP and resistivity survey along strike and in the footwall of the Laguna Gold Mine Trend.

21949_RockcliffFig111302017.jpg

Figure 1:  IP Chargeability Depth Slice at 200 metres RSL across the Laguna Gold Mine Trend

To view the graphic in its original size, please click here

About the Laguna Gold Property

The Laguna Gold Property hosts the former Laguna gold mine, Manitoba’s first and highest-grade gold mine located in the Flin Flon-Snow Lake mining camp. Historical, intermittent gold mining between 1916 and 1939 produced over 60,000 ounces of gold grading approximately 19.0 grams per tonne.  The Laguna gold mine’s infrastructure consists of a reclaimed, covered, three compartment vertical shaft to 381 metres and 8 levels totalling over 3.0 kilometres of underground drift and stope development. The Laguna Gold Property hosts the Laguna Gold Mine Trend, a prospective gold-rich, sulphide-bearing quartz vein environment 5.0 kilometres long by 1.0 kilometre wide.  The Laguna Gold Property is strategically located near an existing 2,000 tonne per day, non-operational, gold mill in Snow Lake, Manitoba.

The gold mineralization on the Laguna Gold Property is metallogenically controlled by subsidiary thrust faults attributed to the major regional Crowduck Bay Fault which crosses the entire length of the Laguna Gold Property. The gold-rich, sulphide-bearing quartz veining and stockwork systems along the northwest limb of the Herb Lake Syncline typically occur where the subsidiary faults intersect quartz-feldspar and biotite porphyry stocks that intrude Missi Group sedimentary and volcanic rocks. Quartz, iron carbonate-albite-sericite alteration commonly overprint peak regional metamorphic assemblages within gold-rich quartz vein margins. Sulphide mineralization in quartz and surrounding quartz stockwork wall rock consists of pyrite, arsenopyrite, chalcopyrite, sphalerite, galena, pyrrhotite, native gold and telluride.

Pursuant to its option agreement Rockcliff’s wholly-owned subsidiary, Goldpath Resources Corp., can earn a 100% interest in the Laguna Gold Property. Please refer to the Company’s news release dated September 12, 2016 for specific terms of the option agreement.

Ken Lapierre P.Geo., President and CEO of Rockcliff, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this press release.

About Rockcliff Metals Corporation

On November 1, 2017 Rockcliff Copper Corporation changed its name to Rockcliff Metals Corporation.  The change of name better reflects the polymetallic nature of the Company’s high-grade VMS properties that comprise copper, gold, zinc and silver.

Rockcliff is a Canadian resource exploration company focused on the discovery, advancement and consolidation of a portfolio of the highest grade, undeveloped metal deposits in the prolific Flin Flon – Snow Lake greenstone belt located in central Manitoba. The Company’s current portfolio of projects, totalling in excess of 45,000 hectares, is located in and around the Snow Lake mining camp and hosts the highest grade undeveloped NI 43-101 compliant copper deposits (the gold-rich Talbot copper deposit and the Rail copper deposit), and the highest grade undeveloped historical zinc deposits (the Lon zinc deposit, the Bur zinc deposit, the Morgan zinc deposit and the down dip continuation of the Pen zinc deposit).  The Company’s projects also include Manitoba’s first and highest grade former lode gold producer (Laguna Gold Property), four additional gold-rich properties (Lucky Jack Gold Property, SLG Gold Property, Berry Creek Gold Property and DSN Gold Property), a Net Smelter Royalty on the Tower Copper Property (the T-1 copper deposit) and the optioned near surface high grade MacBride zinc deposit located north of Leaf Rapids, Manitoba.

Cautionary Note Regarding Forward-Looking Statements: This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.

All statements within, other than statements of historical fact, are to be considered forward looking. Although Rockcliff 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 forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact: 

Rockcliff Metals Corporation
Ken Lapierre, P.Geo
President & CEO
Cell: (647) 678-3879
Off: (416) 644-1752
ken@rockcliffmetals.com

CHF Capital Markets
Cathy Hume, CEO
Phone: (416) 868-1079 ext.231
cathy@chfir.com


Rockcliff Purchases Lucky Jack Gold Property, Manitoba

Toronto, ON – November 28, 2017 – Rockcliff Metals Corporation (“Rockcliff“ or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce that the Company, through its 100% owned subsidiary, Goldpath Resources Corp., has purchased a 100% interest in the Lucky Jack Gold Property, located in the historic Wekusko-Herb Lake gold camp in Snow Lake, Manitoba.  The Lucky Jack Gold Property totals 15 mining claims covering 2,557 hectares and is located immediately south of the Company’s Laguna Gold Property which hosts the former producing Laguna Gold Mine, Manitoba’s first and highest-grade gold mine. The Lucky Jack Gold Property becomes part of the Company’s Manitoba property portfolio, one of the highest-grade base and precious metals property portfolios in North America. The Company’s property portfolio is in the Snow Lake mining camp located within the prolific Flin Flon-Snow Lake greenstone belt hosting high-grade precious and base metal deposits and mines.

Ken Lapierre President & CEO stated “While we remain focused on advancing our high grade Volcanogenic Massive Sulphide deposits and are presently drilling the high-grade Bur Zinc Deposit, the opportunity to grow our gold portfolio adjacent to the high-grade Laguna Gold Property was opportunistic and now strengthens our growing gold assets in the camp.  The Lucky Jack Gold Property has superior gold potential within the historic Wekusko-Herb Lake gold camp, excellent infrastructure and complements our existing gold assets. We look forward to exploring and advancing our geological understanding and gold potential at the Lucky Jack Gold Property next year.”

Please refer to Figure 1 on the following page for Lucky Jack Gold property highlights.

Lucky Jack Gold Property Highlights

At the Lucky Jack Gold Property, gold mineralization is hosted in foliated and fractured zones and sulphide bearing quartz veins and stringers located near the contact of granite, granodiorite and pegmatite rocks with the surrounding volcanic, intrusive and sedimentary rocks. Geophysical evidence suggests that gold mineralization is associated along the contacts of multi-kilometre long magnetometer anomalies and that at least 6 magnetometer anomalies have been identified within the Lucky Jack Gold Property.

Limited historical work has been completed at the Lucky Jack Property.  A main shaft was sunk in 1924 on a quartz vein system 1,000 metres long and up 15 to 25 metres wide, as documented by the Mineral Inventory of Manitoba (J.D. Bamburak-1980). A total of 21 grab samples from the main shaft area were reported to have averaged 66.0 grams per tonne(g/t) gold.  In 1982, channel samples completed by Cangold Ltd. near the main shaft assayed from 11.0 gpt across 0.4 metres to 44.2 g/t gold across 1.4 metres and gold values were recorded over a strike length of 130 metres.  In 1988, drilling completed by Granges Exploration Ltd. around the main shaft area intersected significant gold assays including in Hole # BAR-3 of 8.9 g/t across 1.0 metres, 15.9 g/t across 1.0 metres, 19.6 g/t across 0.5 metres and 32.5 g/t across 0.5 metres above 75 metres vertical.   In 1985, one drill hole (KUS169) completed by Hudbay Minerals Inc. on a separate gold-rich system 1.7 kilometres west of the main shaft intersected gold values above 75 metres vertical of 5.6 g/t across 0.3 metres, 11.5 g/t across 0.46 metres and 58.5 g/t across 0.40 metres.  A third area of gold potential 5.5 kilometres northwest of the main shaft intersected a gossan-rich zone 5 to 10 metres wide with samples up to 20.6 g/t gold.

 Figure 1: Total Magnetic Field Intensity Map over the Lucky Jack Property To view the graphic in its original size, please click  here

Figure 1: Total Magnetic Field Intensity Map over the Lucky Jack Property
To view the graphic in its original size, please click here

Rockcliff purchased 100% of the Lucky Jack Gold property for $77,250 and a 2% net smelter royalty (NSR) on seven of the fifteen claims.  Half of the NSR can be purchased at any time for $500,000 per 0.5% NSR.  Rockcliff has the right of first refusal on the remaining NSR on the property.

Ken Lapierre P.Geo., President and CEO of Rockcliff, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this press release.

About Rockcliff Metals Corporation

On November 1, 2017 Rockcliff Copper Corporation changed its name to Rockcliff Metals Corporation.  The change of name better reflects the polymetallic nature of the Company’s high-grade VMS properties that comprise copper, gold, zinc and silver.

Rockcliff is a Canadian resource exploration company focused on the discovery, advancement and consolidation of a portfolio of the highest grade, undeveloped metal deposits in the prolific Flin Flon – Snow Lake greenstone belt located in central Manitoba. The Company’s current portfolio of projects, totalling in excess of 45,000 hectares, is located in and around the Snow Lake mining camp and hosts the highest grade undeveloped NI 43-101 compliant copper deposits (the gold-rich Talbot copper deposit and the Rail copper deposit), and the highest grade undeveloped historical zinc deposits (the Lon zinc deposit, the Bur zinc deposit, the Morgan zinc deposit and the down dip continuation of the Pen zinc deposit).  The Company’s projects also include Manitoba’s first and highest grade former lode gold producer (Laguna Gold Property), four additional gold-rich properties (Lucky Jack Gold Property, SLG Gold Property, Berry Creek Gold Property and DSN Gold Property), a Net Smelter Royalty on the Tower Copper Property (the T-1 copper deposit) and the optioned near surface high grade MacBride zinc deposit located north of Leaf Rapids, Manitoba.

Cautionary Note Regarding Forward-Looking Statements: This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.

All statements within, other than statements of historical fact, are to be considered forward looking. Although Rockcliff 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 forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact: 

Rockcliff Metals Corporation
Ken Lapierre, P.Geo
President & CEO
Cell: (647) 678-3879
Off: (416) 644-1752
ken@rockcliffmetals.com

CHF Capital Markets
Cathy Hume, CEO
Phone: (416) 868-1079 ext.231
cathy@chfir.com


Rockcliff to Update National Instrument 43-101 Resource at Talbot Additional Geophysical Survey Warranted below Talbot Deposit

Toronto, ON – November 1, 2017 – Rockcliff Metals Corporation (“Rockcliff“ or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce it has initiated an updated National Instrument (NI) 43-101 Resource estimate at the Talbot Copper Property. The resource will be completed by SRK Consulting.  Rockcliff will also initiate a DPEM geophysical survey where previous geophysics outlined the West Talbot Deep Conductive Plate, a large untested anomaly strengthening below and west of the Talbot Copper Deposit (see Figure 1). The Talbot Copper Property is part of the Company’s Manitoba property portfolio centered on the Snow Lake Mining Camp within the prolific Flin Flon-Snow Lake Greenstone Belt.

Rockcliff President and CEO commented, “We are excited about updating the present resource on the Talbot Copper Deposit after our phase 2 drill program identified additional areas of high grade enrichment in the hanging wall and along strike of the present resource.  The additional DPEM geophysical survey will help us vector in on the exact up dip location of the West Talbot Deep Conductive Plate.  The Talbot Copper Deposit was originally identified as a smaller geophysical conductive plate so any new larger plates identified in this area are viewed as high priority targets.  Both the resource update and geophysical survey are anticipated to be completed prior to the end of the year and data will be released when results are available. Planned drilling in 2018 will aid our advancement of the Talbot Copper Property and further define the potential size of the Talbot Copper Deposit.” 

Present Talbot Copper Deposit NI 43-101 Resource Completed January 25, 2016:

On February 4, 2016, Rockcliff announced on the Talbot Copper Property an Inferred Mineral Resource as set out in the National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) technical report dated January 25, 2016 and titled “Technical Report on the Talbot Property, Manitoba, Canada” (the “Technical Report”), a copy of which is available on the Company’s SEDAR profile at www.sedar.com, in respect of an initial Mineral Resource Estimate prepared by Roscoe Postle Associates Inc. (“RPA”) for the Talbot Copper Deposit located on the Talbot Copper Property in central Manitoba.

The Inferred Mineral Resource Statement prepared by RPA for the Talbot deposit is detailed below.

RCLF Chart - Nov 15, 2017.JPG

West Talbot Deep Conductive Plate:

A preliminary 3D longitudinal section of the Talbot Copper Deposit area highlighting the known nearby conductive plates including the West Talbot Deep Conductive.

21292_RockcliffImg111152017.jpg

To view the graphic in its original size, please click here

*Copper Equivalent (CuEq) = Cu grade + ((Zn grade%/100 x Zn price) + (Au grade gpt x Au price/gram) + (Ag grade gpt x Ag price/gram))/Cu price x 100. The numbers may not add up due to rounding.

Rockcliff can earn a 51% interest in the Talbot Property from Hudbay Minerals Inc. Please refer to the news release dated October 11, 2016 for specific terms of the option agreement.

Ken Lapierre P.Geo., President and CEO of Rockcliff, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this press release.

About Rockcliff Metals Corporation

On November 1, 2017 Rockcliff Copper Corporation changed its name to Rockcliff Metals Corporation.  The change of name better reflects the polymetallic nature of the Company’s high-grade VMS properties that comprise copper, gold, zinc and silver.

Rockcliff is a Canadian resource exploration company focused on the discovery, advancement and consolidation of a portfolio of the highest grade, undeveloped metal deposits in the prolific Flin Flon – Snow Lake Greenstone Belt located in central Manitoba. The Company’s current portfolio of projects, totalling in excess of 45,000 hectares, is located in and around the Snow Lake mining camp and hosts the highest grade undeveloped NI 43-101 compliant copper deposits (the gold-rich Talbot copper deposit and the Rail copper deposit), and the highest grade undeveloped historical zinc deposits (the Lon zinc deposit, the Bur zinc deposit, the Morgan zinc deposit and the down dip continuation of the Pen zinc deposit).  The Company’s projects also include Manitoba’s first and highest grade former lode gold producer (Laguna gold property), three additional gold-rich properties (SLG gold property, DSN gold property and Berry Creek gold property), a Net Smelter Royalty on the Tower property (the T-1 copper deposit) and the optioned near surface high grade MacBride zinc deposit located north of Snow Lake near Leaf Rapids, Manitoba.

Cautionary Note Regarding Forward-Looking Statements: This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.

All statements within, other than statements of historical fact, are to be considered forward looking. Although Rockcliff 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 forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact: 

Rockcliff Metals Corporation
Ken Lapierre, P.Geo
President & CEO
Cell: (647) 678-3879
Off: (416) 644-1752
ken@rockcliffmetals.com

CHF Capital Markets
Cathy Hume, CEO
Phone: (416) 868-1079 ext.231
cathy@chfir.com

 


Rockcliff Commences Drilling to Expand High Grade Bur Zinc Deposit

Toronto, ON – November 1, 2017 – Rockcliff Metals Corporation (“Rockcliff“ or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G)  is pleased to announce the commencement of a phase one drill program on the Bur Zinc Property. The drill program is planned to include between 10 to 15 holes totalling approximately 3,000 metres and will focus on expanding the high grade Volcanogenic Massive Sulphide (VMS) Bur Zinc Deposit.  The Bur Zinc Property is part of the Company’s Manitoba property portfolio and is located approximately 22 kilometres by road from Hudbay Minerals Inc.’s (“Hudbay”, HBM:TSX;NYSE) copper-zinc concentrator centred in the Snow Lake mining camp within the prolific Flin Flon-Snow Lake Greenstone Belt located in central Manitoba.

A report was prepared on the Bur Zinc Property in 2007. Rockcliff is treating the estimate of mineral resources in the Bur Deposit Report as a “historical estimate” under NI 43-101 and not as a current mineral resource.

Historical Resource, Bur Deposit, Snow Lake, Manitoba

  Notes:   1.    CIM definitions were followed for the estimation of mineral resources.   2.    Mineral resources are estimated at a zinc equivalent cut-off of 5%.   3.    Cut-off grade was based on a zinc price of US$1.15 per pound and a copper price of US$2.35 per pound.   4.    Given the tonnage, grade and orientation of the deposit, AMEC considered the Bur Deposit to be reasonably amenable to extraction using underground mining methods.   5.    Specific Gravity measurements used to estimate the mineral resource tonnes ranged from 2.64 to 3.74 with an average of 3.16.   6.    A minimum mining width of 3 metres was used.   7.   Mineral resources are not mineral reserves and do not have demonstrated economic viability.   8.    The deposit was documented in a report dated October 1, 2007 and titled “Bur Project, Snow Lake Manitoba, Canada NI 43-101 Technical Report” (the “ Bur Deposit Report ”). The report was prepared for Hudbay by AMEC Americas Limited (AMEC) and was filed on Hudbay’s SEDAR profile on January 31, 2008.

Notes:
1. CIM definitions were followed for the estimation of mineral resources.
2. Mineral resources are estimated at a zinc equivalent cut-off of 5%.
3. Cut-off grade was based on a zinc price of US$1.15 per pound and a copper price of US$2.35 per pound.
4. Given the tonnage, grade and orientation of the deposit, AMEC considered the Bur Deposit to be reasonably amenable to extraction using underground mining methods.
5. Specific Gravity measurements used to estimate the mineral resource tonnes ranged from 2.64 to 3.74 with an average of 3.16.
6. A minimum mining width of 3 metres was used.
7. Mineral resources are not mineral reserves and do not have demonstrated economic viability.
8. The deposit was documented in a report dated October 1, 2007 and titled “Bur Project, Snow Lake Manitoba, Canada NI 43-101 Technical Report” (the “Bur Deposit Report”). The report was prepared for Hudbay by AMEC Americas Limited (AMEC) and was filed on Hudbay’s SEDAR profile on January 31, 2008.

Historical estimates of grade and tonnage given in this press release are viewed as reliable and relevant based on the information and methods used at the time. They were prepared in compliance with resource definitions under NI 43-101 but must be considered only as historic resources as the Bur Deposit Report was prepared for Hudbay in 2007. Neither Rockcliff nor its Qualified Persons have done sufficient work to classify the historic estimate as a current mineral resource under current mineral resource or mineral reserve terminology and are not treating the historic estimate as a current mineral resource. The historic resource should not be relied upon.  Additional work including surface geophysics, drilling and bore-hole geophysics will need to be completed to upgrade the historical resource to current.

The Bur Zinc Deposit is a stratiform, distal, massive sulphide deposit that occurs within a narrow turbidite assemblage of interbedded metagreywacke, metasiltstone and graphitic meta-argillite in a basinal area situated between two granitic intrusions. The northeast striking deposit dips 60-70 degrees northwest, ranges from <0.3m up to 5m thick with a known lateral extent of approximately 4,500 metres.  Historical drilling encountered disseminated, semi-massive and massive sulphide mineralization below overburden to a vertical depth of 950 metres. Mineralization consists of sphalerite, chalcopyrite, pyrrhotite, pyrite, galena and arsenopyrite. The Bur Zinc Deposit contains up to 20% felsic or cherty nodules consisting of wall rock and late quartz fragments displaying a brecciated texture to the mineralization.  The Bur Zinc Deposit remains open in all directions.

Rockcliff can earn a 100% interest in the Bur Zinc Property from Hudbay by spending $3.0M in exploration over a four year period with escalating yearly expenditure requirements.  The first and second year expenditure requirements are $400K and $600K, respectively.  Once the 100% earn-in is complete, Rockcliff may exercise its option to own a 100% interest in the property.  On exercise of the option, Hudbay will receive a 2% Net Smelter Return (NSR) royalty.  Hudbay will then have one year (the buy-back waiting period) to decide whether to buy back 70% of the property by paying Rockcliff a total of $3.0M cash over a three year period.  Hudbay will also pay Rockcliff double the exploration expenditures, if any, incurred by Rockcliff during the buy-back waiting period, capped at $1.5M, if Hudbay elects to exercise its buy-back right. Upon Hudbay exercising its buy-back right, Hudbay’s right to receive the 2% NSR royalty on the property will terminate. Hudbay and Rockcliff will then form a joint venture on a 70/30 (Hudbay/Rockcliff) basis and will be responsible for their respective pro rata share of any further exploration of the property.  If a decision is then made to develop a mine, Hudbay shall contribute on behalf of Rockcliff, the Company’s proportionate share of the expenses associated with developing the mine in the form of a non-interest bearing loan, repayable from operating cash flow in accordance with the terms of the joint venture agreement.

Ken Lapierre P.Geo., President and CEO of Rockcliff., a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this press release.

About Rockcliff Metals Corporation

On November 1, 2017 Rockcliff Copper Corporation changed its name to Rockcliff Metals Corporation.  The change of name better reflects the polymetallic nature of the Company’s high-grade VMS properties that comprise copper, gold, zinc and silver.

Rockcliff is a Canadian resource exploration company focused on the discovery, advancement and consolidation of a portfolio of the highest grade, undeveloped metal deposits in the prolific Flin Flon – Snow Lake Greenstone Belt located in central Manitoba. The Company’s current portfolio of projects, totalling in excess of 45,000 hectares, is located in and around the Snow Lake mining camp and hosts the highest grade undeveloped NI 43-101 compliant copper deposits (the gold-rich Talbot copper deposit and the Rail copper deposit), and the highest grade undeveloped historical zinc deposits (the Lon zinc deposit, the Bur zinc deposit, the Morgan zinc deposit and the down dip continuation of the Pen zinc deposit).  The Company’s projects also include Manitoba’s first and highest grade former lode gold producer (Laguna gold property), three additional gold-rich properties (SLG gold property, DSN gold property and Berry Creek gold property), a Net Smelter Royalty on the Tower property (the T-1 copper deposit) and the optioned near surface high grade MacBride zinc deposit located north of Snow Lake near Leaf Rapids, Manitoba.

Cautionary Note Regarding Forward-Looking Statements: This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.

All statements within, other than statements of historical fact, are to be considered forward looking. Although Rockcliff 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 forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact: 

Rockcliff Metals Corporation
Ken Lapierre, P.Geo
President & CEO
Cell: (647) 678-3879
Off: (416) 644-1752
klapierre@rockcliffcoppercorp.com

CHF Capital Markets
Cathy Hume, CEO
Phone: (416) 868-1079 ext.231
cathy@chfir.com


Rockcliff Announces Name Change

Toronto, ON – November 1, 2017 – Rockcliff Copper Corporation (“Rockcliff“ or the “Company”) (TSX.V: RCU) (FRANKFURT: RO0, WKN: A142TR) is pleased to announce that TSX Venture Exchange has approved the change of name of the Company from “Rockcliff Copper Corporation” to “Rockcliff Metals Corporation”.  The change of name will become effective at the opening of the market on November 2, 2017 under the new symbol “RCLF”.  The CUSIP number assigned to the Company’s shares following the name change is 77289R100.  The change of name better reflects the polymetallic nature of the Company’s high grade VMS properties that comprise copper, zinc, silver and gold.

About Rockcliff Metals Corporation

Rockcliff is a Canadian resource exploration company focused on the discovery, advancement and consolidation of a portfolio of the highest grade, undeveloped metal deposits in the prolific Flin Flon – Snow Lake Greenstone Belt located in central Manitoba. The Company’s current portfolio of projects, totalling in excess of 45,000 hectares, is located in and around the Snow Lake mining camp and hosts the highest grade undeveloped NI 43-101 copper deposits (the gold-rich Talbot copper deposit and the Rail copper deposit), and the highest grade undeveloped historical zinc deposits (the Lon zinc deposit, the Bur zinc deposit, the Morgan zinc deposit and the down dip continuation of the Pen zinc deposit).  The Company’s projects also include Manitoba’s first and highest grade former lode gold producer (Laguna gold property), two additional gold-rich properties (SLG gold property and DSN gold property), a Net Smelter Royalty (NSR) on the Tower property (the T-1 copper deposit) and the near surface MacBride zinc deposit located north of Snow Lake near Leaf Rapids, Manitoba.

Cautionary Note Regarding Forward-Looking Statements: This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.

All statements within, other than statements of historical fact, are to be considered forward looking. Although Rockcliff 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 forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact: 

Rockcliff Metals Corporation
Ken Lapierre, P.Geo
President & CEO
Cell: (647) 678-3879
Off: (416) 644-1752
klapierre@rockcliffcoppercorp.com

CHF Capital Markets
Cathy Hume, CEO
Phone: (416) 868-1079 ext.231
cathy@chfir.com


Rockcliff Options MacBride Zinc-Copper Deposit to Nevada Zinc

Toronto, ON – October 23, 2017 – Rockcliff Copper Corporation (“Rockcliff“ or the “Company”) (TSX.V: RCU) (FRANKFURT: RO0, WKN: A142TR) is pleased to announce that it has optioned its 100% owned MacBride zinc property to Nevada Zinc Corporation (“Nevada Zinc”)(TSX.V:NZN).  The MacBride zinc property is located 45 kilometres north of Leaf Rapids, Manitoba and hosts the near surface historical high grade MacBride zinc deposit.  The MacBride zinc property is within the same Archean-aged metavolcanic rocks and interbedded meta-sediments that host the nearby former large open pit and underground Ruttan zinc-copper mine. The property hosts the near surface high grade MacBride zinc deposit which remains open in all directions.

President & CEO of Rockcliff, Ken Lapierre commented, “We are delighted to have Nevada Zinc’s financial capabilities, expertise and knowledge in exploring this high grade zinc-copper asset north of our core base metal property portfolio which is located in Snow Lake, Manitoba.   Exploring non-core assets with other financing alternatives that eliminates share dilution of Rockcliff is an important strategic business plan for us.  We look forward to advancing this property and welcome Nevada Zinc to Manitoba.”

The MacBride zinc property includes 22 contiguous mining claims totalling 4,992 hectares and is located in central Manitoba.  An historical report by Knobby Lake Mines Limited in 1977 outlined a resource for the MacBride zinc deposit.  Rockcliff is treating this mineral resource for the MacBride zinc deposit as an “historical estimate” under NI 43-101 and not as a current mineral resource.

Historical Resource, MacBride Zinc Deposit, Leaf Rapids, Manitoba

Chart.JPG

Historical estimates of grade and tonnage given in this press release are viewed as reliable and relevant based on the information and methods used at the time. However, they were not prepared in compliance with resource definitions under NI 43-101 and must be considered only as historic resources. Neither Rockcliff nor its Qualified Persons have done sufficient work to classify the historic estimate as a current mineral resource under current mineral resource or mineral reserve terminology and are not treating the historic estimate as a current mineral resource.. The historic resource should not be relied upon.  Additional work including surface geophysics, drilling and bore hole geophysics will need to be completed to upgrade the historical resource to current NI43-101 standards.

Rockcliff has agreed to option up to an 80% working interest in its 100% owned MacBride zinc property to Nevada Zinc. Nevada Zinc can earn a 70% interest in the MacBride zinc property by (i) issuing 200,000 common shares and paying $30,000 to Rockcliff within five business days of TSX Venture Exchange approval to the transaction; (ii) paying a further $170,000 in option payments to the Company by the 3rd anniversary date of the closing of the transaction; and (iii) spending $2.5 million on exploration of the property over five years with a minimum expenditure of $250,000 per year. Once Nevada Zinc has earned its 70% interest it can enter into a joint venture with Rockcliff or it can elect to earn an additional 10% interest (the “Additional Interest”) by giving notice to Rockcliff and making a cash payment of $2 million within 60 days of earning its 70% interest. If Nevada Zinc earns the Additional Interest, the parties will enter into a joint venture with Nevada Zinc holding an 80% interest and Rockcliff holding a 20% interest in the property. In the event either party has its ownership interest reduced below 10% its interest shall convert to a 1% net smelter returns royalty or a 0.5% royalty on those claims subject to a pre-existing royalty. Part of the MacBride zinc property is subject to a 2% net smelter returns royalty in favour of the original vendor of the property, 1% of which can be purchased for $1,000,000.

Bruce Durham is the President, CEO and a director of Nevada Zinc and a director and Chairman of the Board of Rockcliff and Don Christie is the CFO, Secretary and a director of Nevada Zinc and a director of Rockcliff.  The disinterested directors of Rockcliff approved the option of the MacBride zinc property to Nevada Zinc.

Ken Lapierre P.Geo., President and CEO of Rockcliff., a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this press release.

About Rockcliff Copper Corporation

Rockcliff is a Canadian resource exploration company focused on the discovery, advancement and consolidation of a portfolio of the highest grade, undeveloped metal deposits in the prolific Flin Flon – Snow Lake Greenstone Belt located in central Manitoba. The Company’s current portfolio of projects, totalling in excess of 45,000 hectares, is located in and around the Snow Lake mining camp and hosts the highest grade undeveloped NI 43-101 copper deposits (the gold-rich Talbot copper deposit and the Rail copper deposit), and the highest grade undeveloped historical zinc deposits (the Lon zinc deposit, the Bur zinc deposit, the Morgan zinc deposit and the down dip continuation of the Pen zinc deposit).  The Company’s projects also include Manitoba’s first and highest grade former lode gold producer (Laguna gold property), two additional gold-rich properties (SLG gold property and DSN gold property), a Net Smelter Royalty (NSR) on the Tower property (the T-1 copper deposit) and the near surface MacBride zinc deposit located north of Snow Lake near Leaf Rapids, Manitoba.

Cautionary Note Regarding Forward-Looking Statements: This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.

All statements within, other than statements of historical fact, are to be considered forward looking. Although Rockcliff 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 forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact: 

Rockcliff Copper Corporation
Ken Lapierre, P.Geo
President & CEO
Cell: (647) 678-3879
Off: (416) 644-1752
klapierre@rockcliffcoppercorp.com

CHF Capital Markets
Cathy Hume, CEO
Phone: (416) 868-1079 ext.231
cathy@chfir.com


Rockcliff Acquires Gold Property, Snow Lake, Manitoba

Toronto, ON – October 5, 2017 – Rockcliff Copper Corporation (“Rockcliff“ or the “Company”) (TSX.V: RCU) (FRANKFURT: RO0, WKN: A142TR) is pleased to announce that the Company, through its 100% owned subsidiary, Goldpath Resources Corp., has entered into an option agreement to earn a 100% interest in the Berry Creek gold property, located in Snow Lake, Manitoba.  The Berry Creek gold property is located approximately 5 kilometres by highway from a 2,000 tonne per day (“tpd”) gold mill facility in the Snow Lake mining camp within the prolific Flin Flon-Snow Lake Greenstone Belt located in central Manitoba.

President & CEO of Rockcliff, Ken Lapierre commented, “The Berry Creek gold property becomes our fourth high grade gold property located in the middle of a world class Volcanogenic Massive Sulphide mining camp known originally for its gold mining potential.  The Berry Creek gold property hosts numerous areas with high grade gold mineralization located in outcrop and in surface trenches. Historical diamond drilling below the trenches also intersected high grade gold mineralization in gold bearing quartz-rich intrusive rocks. The gold mineralization is interpreted to be associated with fault splays off the main regional Berry Creek Thrust Fault within a large felsic to intermediate intrusive complex. The potential gold targets on the Berry Creek gold property are high grade gold within quartz veins and low grade gold in intrusive rocks which has never been investigated historically. Our plan is to advance the Berry Creek gold property through geophysics, geology and drilling in 2018.”

Several areas of historical gold mineralization on the Berry Creek gold property include:

1. Visible gold in grab samples.  Assays from trace up to 90.0g/t gold , trace up to 2.48% zinc and trace up to 0.51% copper
2. Drill hole Snow-03 intersected 3.8g/t gold across 3.6 metres starting at 6.6 metres
3. Drill hole Snow-06 intersected 4.7g/t gold across 4.3 metres starting at 37.0 metres including 19.0g/t gold across 0.5 metres
4. Drill hole Snow-17 intersected 3.5g/t gold across 4.0 metres starting at 17.5 metres including 13.4g/t gold across 0.5 metres

Several highlights of the Berry Creek gold property include:

1. High Grade Gold: surface Visible Gold and high grade gold drill results above 100 metres vertical
2. Low Grade Gold: potential for a large low grade gold environment
3. Location: 5 kilometres from a 2,000tpd gold mill facility in the Snow Lake mining camp
4. Geophysical Anomalies: untested airborne anomalies are located within property
5. Base Metal Potential: property surrounded by base metal mines and deposits

Rockcliff can acquire a 100% interest in the Berry Creek gold property by paying the owner an aggregate of $140,000 cash over a three year period including $35,000 on signing and $35,000 annually in three equal payments.  Expenditure requirements to keep the option in good standing over five years total $500,000 with a minimum $75,000 expenditure requirement in in any year. The owner will retain a 2.0% Net Smelter Royalty (NSR) on the Berry Creek gold property  of which 1.0% NSR can be purchased at any time for $500,000 per 0.5% NSR.  The owner’s remaining NSR will be subject to a right of first refusal in favour of Rockcliff.

Ken Lapierre P.Geo., President and CEO of Rockcliff., a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this press release.

About Rockcliff Copper Corporation

Rockcliff is a Canadian resource exploration company focused on the discovery, advancement and consolidation of a portfolio of the highest grade, undeveloped metal deposits in the prolific Flin Flon – Snow Lake Greenstone Belt located in central Manitoba. The Company’s current portfolio of projects, totalling in excess of 45,000 hectares, is located in and around the Snow Lake mining camp and hosts the highest grade undeveloped NI 43-101 copper deposits (the gold-rich Talbot copper deposit and the Rail copper deposit), and the highest grade undeveloped historical zinc deposits (the Lon zinc deposit, the Bur zinc deposit, the Morgan zinc deposit and the down dip continuation of the Pen zinc deposit).  The Company’s projects also include Manitoba’s first and highest grade former lode gold producer (Laguna gold property), three additional gold-rich properties (SLG gold property, DSN gold property and Berry Creek gold property), a Net Smelter Royalty (NSR) on the Tower property (the T-1 copper deposit)slated for potential production in 2019 and the near surface MacBride zinc deposit located north of Snow Lake near Leaf Rapids, Manitoba.

Cautionary Note Regarding Forward-Looking Statements: This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.

All statements within, other than statements of historical fact, are to be considered forward looking. Although Rockcliff 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 forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact: 

Rockcliff Copper Corporation
Ken Lapierre, P.Geo
President & CEO
Cell: (647) 678-3879
Off: (416) 644-1752
klapierre@rockcliffcoppercorp.com

CHF Capital Markets
Cathy Hume, CEO
Phone: (416) 868-1079 ext.231
cathy@chfir.com


Rockcliff to Commence Drilling at High Grade Bur Zinc Property

Toronto, ON – September 26, 2017 – Rockcliff Copper Corporation (“Rockcliff“ or the “Company”) (TSX.V: RCU) (FRANKFURT: RO0, WKN: A142TR)  is pleased to announce that a first phase drill program on the Company’s Bur Zinc Property will commence in October. The fully permitted drill program is planned to include between 10 to 15 holes totalling approximately 3,000 metres and will focus on expanding the high grade Volcanogenic Massive Sulphide (VMS) Bur Zinc Deposit located on the Bur Zinc Property.  The Bur Zinc Property is part of the Company’s Manitoba property portfolio and is located approximately 22 kilometres by road from Hudbay Minerals Inc.’s (“Hudbay”, HBM:TSX;NYSE) copper-zinc concentrator centred in the Snow Lake mining camp within the prolific Flin Flon-Snow Lake Greenstone Belt located in central Manitoba.

Rockcliff’s President and CEO Ken Lapierre commented, “The Bur zinc deposit is one of the highest grade undeveloped zinc-rich deposits in the Flin Flon-Snow Lake mining camp within trucking distance to an operating base metal mill facility.  The drilling program is designed to identify additional zinc-rich mineralization along strike and at depth to the existing historical Bur zinc deposit. We are confident that this first phase drill program will be successful in achieving our goal of advancing this high grade zinc asset”.

A report was prepared on the Bur zinc property in 2007. Rockcliff is treating the estimate of mineral resources in the Bur Deposit Report as a “historical estimate” under NI 43-101 and not as a current mineral resource.

Historical Resource, Bur Deposit, Snow Lake, Manitoba

  Notes:    1. CIM definitions were followed for the estimation of mineral resources.   2. Mineral resources are estimated at a zinc equivalent cut-off of 5%.   3. Cut-off grade was based on a zinc price of US$1.15 per pound and a copper price of US$2.35 per pound.   4. Given the tonnage, grade and orientation of the deposit, AMEC considered the Bur Deposit to be reasonably amenable to extraction using underground mining methods.   5. Specific Gravity measurements used to estimate the mineral resource tonnes ranged from 2.64 to 3.74 with an average of 3.16.   6. A minimum mining width of 3 metres was used.   7. Mineral resources are not mineral reserves and do not have demonstrated economic viability.   8. The deposit was documented in a report dated October 1, 2007 and titled “Bur Project, Snow Lake Manitoba, Canada NI 43-101 Technical Report” (the “ Bur Deposit Report ”). The report was prepared for Hudbay by AMEC Americas Limited (AMEC) and was filed on Hudbay’s SEDAR profile on January 31, 2008.

Notes:

1. CIM definitions were followed for the estimation of mineral resources.
2. Mineral resources are estimated at a zinc equivalent cut-off of 5%.
3. Cut-off grade was based on a zinc price of US$1.15 per pound and a copper price of US$2.35 per pound.
4. Given the tonnage, grade and orientation of the deposit, AMEC considered the Bur Deposit to be reasonably amenable to extraction using underground mining methods.
5. Specific Gravity measurements used to estimate the mineral resource tonnes ranged from 2.64 to 3.74 with an average of 3.16.
6. A minimum mining width of 3 metres was used.
7. Mineral resources are not mineral reserves and do not have demonstrated economic viability.
8. The deposit was documented in a report dated October 1, 2007 and titled “Bur Project, Snow Lake Manitoba, Canada NI 43-101 Technical Report” (the “Bur Deposit Report”). The report was prepared for Hudbay by AMEC Americas Limited (AMEC) and was filed on Hudbay’s SEDAR profile on January 31, 2008.

Historical estimates of grade and tonnage given in this press release are viewed as reliable and relevant based on the information and methods used at the time. They were prepared in compliance with resource definitions under NI 43-101 but must be considered only as historic resources as the Bur Deposit Report was prepared for Hudbay in 2007. Neither Rockcliff nor its Qualified Persons have done sufficient work to classify the historic estimate as a current mineral resource under current mineral resource or mineral reserve terminology and are not treating the historic estimate as a current mineral resource. The historic resource should not be relied upon.  Additional work including surface geophysics, drilling and bore hole geophysics will need to be completed to upgrade the historical resource to current.

The Bur zinc deposit is a stratiform, distal, massive sulphide deposit that occurs within a narrow turbidite assemblage of interbedded metagreywacke, metasiltstone and graphitic meta-argillite in a basinal area situated between two granitic intrusions. The northeast striking deposit dips 60-70 degrees northwest, ranges from <0.3m up to 5m thick with a known lateral extent of approximately 4,500 metres.  Historical drilling encountered disseminated, semi-massive and massive sulphide mineralization below overburden to a vertical depth of 950 metres. Mineralization consists of sphalerite, chalcopyrite, pyrrhotite, pyrite, galena and arsenopyrite. The Bur zinc deposit contains up to 20% felsic or cherty nodules consisting of wall rock and late quartz fragments displaying a brecciated texture to the mineralization.  The Bur zinc deposit remains open in all directions.

Rockcliff can earn a 100% interest in the Bur zinc property from Hudbay by spending $3.0M in exploration over a four year period with escalating yearly expenditure requirements.  The first and second year expenditure requirements are $400K and $600K, respectively.  Once the 100% earn-in is complete, Rockcliff may exercise its option to own a 100% interest in the property.  On exercise of the option, Hudbay will receive a 2% Net Smelter Return (NSR) royalty.  Hudbay will then have one year (the buy-back waiting period) to decide whether to buy back 70% of the property by paying Rockcliff a total of $3.0M cash over a three year period.  Hudbay will also pay Rockcliff double the exploration expenditures, if any, incurred by Rockcliff during the buy-back waiting period, capped at $1.5M, if Hudbay elects to exercise its buy-back right. Upon Hudbay exercising its buy-back right, Hudbay’s right to receive the 2% NSR royalty on the property will terminate. Hudbay and Rockcliff will then form a joint venture on a 70/30 (Hudbay/Rockcliff) basis and will be responsible for their respective pro rata share of any further exploration of the property.  If a decision is then made to develop a mine, Hudbay shall contribute on behalf of Rockcliff, the Company’s proportionate share of the expenses associated with developing the mine in the form of a non-interest bearing loan, repayable from operating cash flow in accordance with the terms of the joint venture agreement.

Ken Lapierre P.Geo., President and CEO of Rockcliff., a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this press release.

About Rockcliff Copper Corporation

Rockcliff is a Canadian resource exploration company focused on the discovery, advancement and consolidation of a portfolio of the highest grade, undeveloped metal deposits in the prolific Flin Flon – Snow Lake Greenstone Belt located in central Manitoba. The Company’s current portfolio of projects, totalling in excess of 45,000 hectares, is located in and around the Snow Lake mining camp and hosts the highest grade undeveloped NI 43-101 copper deposits (the gold-rich Talbot copper deposit and the Rail copper deposit), and the highest grade undeveloped historical zinc deposits (the Lon zinc deposit, the Bur zinc deposit, the Morgan zinc deposit and the down dip continuation of the Pen zinc deposit).  The Company’s projects also include Manitoba’s first and highest grade former lode gold producer (Laguna gold property), two additional gold-rich properties (SLG gold property and DSN gold property), a Net Smelter Royalty (NSR) on the Tower property (the T-1 copper deposit) and the near surface MacBride zinc deposit located north of Snow Lake near Leaf Rapids, Manitoba.

Cautionary Note Regarding Forward-Looking Statements: This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.

All statements within, other than statements of historical fact, are to be considered forward looking. Although Rockcliff 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 forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact: 

Rockcliff Copper Corporation
Ken Lapierre, P.Geo
President & CEO
Cell: (647) 678-3879
Off: (416) 644-1752
klapierre@rockcliffcoppercorp.com

CHF Capital Markets
Cathy Hume, CEO
Phone: (416) 868-1079 ext.231
cathy@chfir.com


Rockcliff’s Geophysical Survey Identifies Gold Targets at the Laguna Gold Property, Snow Lake, Manitoba

Toronto, ON – September 7, 2017 –  Rockcliff Copper Corporation ("Rockcliff" or the "Company") (TSX VENTURE: RCU) (FRANKFURT: RO0) (WKN: A142TR) is pleased to announce that an airborne drone magnetometer survey has been completed at the Company’s high grade Laguna Gold Property, Snow Lake, Manitoba.  The survey has identified the Laguna Gold Mine Trend, a minimum 6 kilometre long, structurally complex geological environment associated with known surface-exposed structurally controlled gold bearing quartz stockwork systems.  The Laguna Gold Property hosts the former high-grade Laguna gold mine, Manitoba’s first and highest grade gold mine and is part of the Company’s Snow Lake Project.  The Snow Lake Project is one of the highest grade precious and base metals property portfolios in North America. The Snow Lake Project is located in the prolific Flin Flon-Snow Lake mining camp which has had over a 100 year history in mining of high grade precious and base metals.

Ken Lapierre President & CEO stated "the airborne drone magnetometer survey successfully identified the Laguna Gold Mine Trend, a six kilometre long by 200 metre wide structurally complex geological trend. The Laguna Gold Mine Trend hosts multiple, surface-exposed, high grade gold-bearing quartz vein stockwork systems which are associated with sub-parallel subsidiary fault splays east of a major regional NE-SW trending thrust fault known as the Crowduck Bay Fault.  The high grade gold bearing quartz vein stockworks are located along high-strain zones on or near the contact with partially exposed folded quartz-feldspar-porphyry intrusions.  The potential for the discovery of additional gold bearing quartz vein stockworks within the Laguna Gold Mine Trend is considered excellent and represents the priority target at the Laguna Gold Property.  Additional surveys including VLF and IP geophysical surveys across the Laguna Gold Mine Trend are nearing completion and results will be released in the coming weeks.”

About the Laguna Gold Mine, Manitoba’s First and Highest Grade Gold Mine

The Laguna Gold Property hosts the Laguna gold mine, Manitoba’s first and highest grade former gold mine located in the Flin Flon-Snow Lake mining camp. Historical, intermittent gold mining between 1916 and 1939 produced over 60,000 ounces of high grade gold grading approximately 19.0 g/t.  The Laguna gold mine’s infrastructure consists of a reclaimed and covered three compartment vertical shaft to 381 metres and 8 levels totalling over 3 kilometres of underground drift and stope development. The Laguna Gold Property now includes 28 contiguous mining claims totalling 3,501 hectares covering a minimum 6 kilometres of prospective strike length of the Laguna Gold Mine Trend. The Laguna Gold Property is strategically located near an existing 2,150 tonne per day, presently non-operational, gold mill in Snow Lake, Manitoba.

The gold mineralization on the Laguna Gold Property is metallogenically controlled by subsidiary thrust faults attributed to the major regional Crowduck Bay Fault which crosses the entire length of the Laguna Gold Property. The gold-rich quartz veining and stockwork systems along the northwest limb of the Herb Lake Syncline typically occur where the subsidiary faults intersect quartz-feldspar and biotite porphryry stocks that intrude Missi Group sedimentary and volcanic rocks. Quartz, iron carbonate-albite-sericite alteration commonly overprint peak regional metamorphic assemblages within gold bearing vein margins. Mineralization in quartz and surrounding quartz stockwork wall rock consists of pyrite, arsenopyrite, chalcopyrite, sphalerite, galena, pyrrhotite, native gold and telluride.

Pursuant to its option agreement Rockcliff can earn a 100% interest in the Laguna Gold Property. Please refer to the Company’s news release dated September 12, 2016 for specific terms of the option agreement.

State-of-the-Art Airborne Drone Magnetometer Survey

A total of 1,120 kilometres of tightly spaced lines between 25 metre and 50 metre spacing was completed at the Laguna Gold Property by A.I.R. Inc. based in Flin Flon, Manitoba. The low flying Unmanned Aerial Vehicle (UAV) is a state-of-the-art Canadian designed and built helicopter style UAV which slings a potassium magnetic sensor underneath. Helicopters offer many advantages over other kinds of UAVs: Vertical Take-off and Launch, highest aerodynamic efficiency in forward flight as well as the best size vs payload vs flight time available. A GPS guided autopilot coupled with ground elevation data allows it to fly accurate survey lines that hug the terrain. With the implementation of a UAV over conventional ground and airborne surveys, users can now economically fly extremely tightly spaced lines with high density ground sampling distances without the need for line cutting. It is now possible to resolve individual magnetic anomalies that were previously indistinguishable when surveyed using conventional ground and airborne surveys, a perfect solution for structurally controlled gold exploration targets like that at the Laguna Gold Property. Ultimately, magnetic surveys done from a UAV deliver higher quality magnetic data at a decreased cost with a reduced environmental footprint.

About Rockcliff

Rockcliff is a Canadian resource exploration company focused on consolidation of the highest grade unmined precious and base metal mines/deposits in the prolific Flin Flon – Snow Lake greenstone belt specifically centered on Snow Lake, Manitoba. The Company’s Snow Lake Project, totalling in excess of 45,000 collective hectares is located in and around the Snow Lake mining camp.  The Snow Lake Project hosts the highest grade unmined NI 43-101 compliant copper deposits (the gold-rich Talbot copper deposit and the Rail copper deposit) and the highest grade unmined historical zinc deposits (the Lon zinc deposit, the Bur zinc deposit, the Morgan zinc deposit and the down dip continuation of the Pen zinc deposit).  The Snow Lake Project also includes Manitoba’s first and highest grade former Laguna gold mine, the high grade SLG gold property, the high grade DSN gold property and a Net Smelter Royalty (NSR) on the Tower property (the high grade T-1 copper deposit).  Near Leaf Rapids, north of Snow Lake, Rockcliff owns the near surface high grade MacBride zinc deposit.  Additionally, Rockcliff owns a NI 43-101 compliant zinc-silver deposit (the Shihan deposit) in Ontario and a royalty on two gold properties in Colombia, South America.

Ken Lapierre P.Geo., President and CEO of Rockcliff, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this press release.

Please visit our website at www.rockcliffcoppercorp.com for additional information about the Company.

Rockcliff is well funded with approximately CDN$1.7 million in its treasury and no debt.

Cautionary Note Regarding Forward-Looking Statements: This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.

All statements within, other than statements of historical fact, are to be considered forward looking. Although Rockcliff 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 forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact: 

Rockcliff Copper Corporation
Ken Lapierre, P.Geo
President & CEO
Cell: (647) 678-3879
Off: (416) 644-1752
klapierre@rockcliffcoppercorp.com

CHF Capital Markets
Cathy Hume, CEO
Phone: (416) 868-1079 ext.231
cathy@chfir.com


Rockcliff Closes $1.35 Million Non-Brokered Private Placement

Toronto, ON – August 29, 2017 –  Rockcliff Copper Corporation ("Rockcliff" or the "Company") (TSX VENTURE: RCU) (FRANKFURT: RO0) (WKN: A142TR) announced that the Company has closed its non-brokered Offering announced in its press release of August 22, 2017.  The Company placed 22,500,000 units at a price of $0.06 per unit for gross proceeds of $1,350,000 (the “Offering”).

Rockcliff’s President & CEO Ken Lapierre commented, “We are pleased that the oversubscribed financing is now complete and significant funds are available to continue with our exploration efforts on our Snow Lake Project. We will continue to focus on our priority properties specifically the Laguna Gold Property, the Talbot Copper Property and the Bur Zinc Property.  Our project hosts some of the highest grade precious and base metal properties in the Flin Flon-Snow Lake mining camp and we plan to advance these properties through a systematic, scientific approach focussed on geology, geophysics and drilling”.

Each unit priced at $0.06 consisted of one (1) common share and one (1) common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of $0.12 for two years from closing.

Eligible finders were paid cash fees of $ $66,849.98 and 1,114,166 broker warrants. Each broker warrant entitles the holder to acquire one common share of Rockcliff at $0.06 for a period of two years from closing.

All securities issued pursuant to the above referenced private placement are subject to a four month hold period expiring on December 29, 2017.

Insiders of the Company subscribed for 450,000 units of the Offering. The insider purchases are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (“MI 61-101”) by virtue of the exemptions contained in section 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the units issued to the insiders does not exceed 25% of the Company’s market capitalization.

About Rockcliff Copper Corporation

Rockcliff is a Canadian resource exploration company focused on the discovery, advancement and consolidation of the highest grade, unmined metal deposits in the prolific Flin Flon – Snow Lake greenstone belt specifically centered in Snow Lake, Manitoba. The Snow Lake Project, totalling in excess of 45,000 collective hectares, is located in and around the Snow Lake mining camp and hosts the highest grade unmined NI 43-101 copper deposits (the gold-rich Talbot copper deposit and the Rail copper deposit), and the highest grade unmined historical zinc deposits (the Lon zinc deposit, the Bur zinc deposit, the Morgan zinc deposit and the down dip continuation of the Pen zinc deposit).  The Snow Lake Project also includes Manitoba’s first and highest grade former lode gold producer (Laguna gold property), a Net Smelter Royalty (NSR) on the Tower property (the T-1 copper deposit) and the near surface MacBride zinc deposit located north of Snow Lake near Leaf Rapids, Manitoba.

Cautionary Note Regarding Forward-Looking Statements: This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.

All statements within, other than statements of historical fact, are to be considered forward looking. Although Rockcliff 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 forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact: 

Rockcliff Copper Corporation
Ken Lapierre, P.Geo
President & CEO
Cell: (647) 678-3879
Off: (416) 644-1752
klapierre@rockcliffcoppercorp.com

CHF Capital Markets
Cathy Hume, CEO
Phone: (416) 868-1079 ext.231
cathy@chfir.com