Rockcliff Begins Drilling at Laguna Gold Property

Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce that a first phase drill program has commenced on the Company's high-grade Laguna Gold Property located in Snow Lake, Manitoba. The Laguna Gold Property hosts the past producing Rex-Laguna Mine that was Manitoba's first and highest-grade gold mine. The 2,500 metre drill program marks the first drill program on the property in over 70 years.

Rockcliff's President & CEO, Ken Lapierre, stated: "A first phase drill program has started on the property. Multiple gold bearing quartz zones south of the former high-grade Laguna gold mine will be the initial focus of attention as well as testing below the old mine workings. We look forward to working with Kinross on this drill program at Laguna to determine the property's gold potential."

See Figure 1 on the following page highlighting Rockcliff's 5 district sized Snow Lake gold properties including the Laguna Gold Property.

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 its 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 18.7 g/t. The Laguna Gold Property includes 28 contiguous mining claims totalling 3,501 hectares covering a minimum 6.0 kilometres of prospective strike length of the Laguna Gold Mine Trend.

The gold mineralization on the Laguna Gold Property is controlled by 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 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 and native gold.

Rockcliff's initial reconnaissance exploration programs in 2016-18 identified 12 surface gold-rich quartz zones with multiple areas of visible gold and surface grab sample assays from trace to over 600 g/t gold. Geophysical programs covering the 6.0-kilometre-long Laguna Gold Mine Trend identified significant potential depth extensions of the known surface gold-rich quartz zones below a thin veneer of overburden cover, to depths of up to 250 metres, the maximum penetration of the IP geophysical survey.

  Figure 1 - Rockcliff's 5 district sized gold properties in the Snow Lake area,    including the Laguna Gold Property. Click image to view larger or link    here.

Figure 1 - Rockcliff's 5 district sized gold properties in the Snow Lake area,
including the Laguna Gold Property. Click image to view larger or link here.

Definitive Option Agreement (DOA) for Laguna and Lucky Jack Gold Properties

The main terms of the DOA, dated July 19, 2018, 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. Kinross is committed in the first and second year to aggregate minimum expenditures totalling $1,250,000. Rockcliff will act as operator.

QP

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

Rockcliff is a well-funded Canadian resource exploration company focused on base metals, gold and royalties in the Snow Lake area of Manitoba. Rockcliff is the largest junior explorer in the Flin Flon-Snow Lake greenstone belt and its extensive portfolio of properties totals over 2,000 square kilometres. It includes 8 of the highest-grade undeveloped base metal deposits and 5 lode-gold properties including the Laguna gold mine, Manitoba's first and highest-grade historic gold mine.

Please access the Company's website at www.rockcliffmetals.com for additional information on Rockcliff's sizeable base metal and gold property portfolio in the Flin Flon-Snow Lake greenstone belt.

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 Commence Drilling at Laguna Gold Property

Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce that a first phase drill program will commence on the Company's high-grade Laguna Gold Property located in Snow Lake, Manitoba. The Laguna Gold Property hosts the past producing Rex-Laguna Mine that was Manitoba's first and highest-grade gold mine. The 2,500 metre drill program marks the first drill program on the property in over 70 years.

Rockcliff's President & CEO, Ken Lapierre, stated: "We look forward to testing the gold potential at the Laguna Gold Property and are excited to be partnered with Kinross on the property. The high-grade gold potential is evident on the property where over 100,000 tonnes grading 18.7 g/t gold was mined mostly during the 1930s.; The drill program will focus south of the former high-grade gold mine where additional quartz veins were discovered this fall carrying visible gold and sulphides. Additionally, these veins are coincident with Induced Polarization (IP) geophysical anomalies that are identified to depths of up to 250 metres."

See Figure 1 on the following page highlighting Rockcliff's 5 district sized Snow Lake gold properties including the Laguna Gold Property.

Laguna Gold Property

The gold mineralization on the Laguna Gold Property is controlled by 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 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 and native gold.

Rockcliff's initial reconnaissance exploration program in 2016-17 identified 7 historical surface high-grade gold-rich quartz zones with multiple areas of visible gold and surface grab sample assays from trace to over 600 g/t gold. Follow-up geophysical programs including airborne magnetics and surface IP surveys covering the 6.0 kilometre long Laguna Gold Mine Trend identified significant potential extensions of the known surface gold-rich quartz zones along strike below a thin veneer of cover. IP anomalies associated at surface with the quartz zones extend to depths of 250 metres, the maximum penetration of the IP survey. The Fall exploration program uncovered numerous additional quartz-rich gold-bearing zones, some with visible gold that will be tested in the first phase drill program.

  Figure 1 - Rockcliff's 5 district sized gold properties in the Snow Lake area, including the Laguna Gold Property.  Click image to view larger or link  here.

Figure 1 - Rockcliff's 5 district sized gold properties in the Snow Lake area, including the Laguna Gold Property. Click image to view larger or link here.

Definitive Option Agreement (DOA) for Laguna and Lucky Jack Gold Properties

The main terms of the DOA, dated July 19, 2018, 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. Kinross is committed in the first and second year to aggregate minimum expenditures totalling $1,250,000. Rockcliff will act as operator.

QP

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

Rockcliff is a well-funded Canadian resource exploration company focused on base metals, gold and royalties in the Snow Lake area of Manitoba. Rockcliff's extensive portfolio of properties totals 169,000 hectares and includes 8 of the highest-grade undeveloped base metal deposits as well as Manitoba's first and highest-grade historic gold mine. Rockcliff's goal is to be known as a Canadian mine finder with ultimate conversion of its projects into cash generating royalties.

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 Identifies Gold Along a 10-Kilometre Long Horizon at the SLG Gold Property, Snow Lake, Manitoba

Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce that geological prospecting has identified the "McLeod Gold Horizon", more than a 10-kilometre long mineralized corridor associated with gold and copper mineralization on the Company"s SLG Gold Property.

President & CEO of Rockcliff, Ken Lapierre commented: "This strategic property hosts multiple historical gold-rich zones along several regional structural fault splays. The McLeod Gold Horizon has never been drill tested, yet hosts numerous historical gold showings. Rockcliff"s grab samples confirmed the presence of high-grade gold and copper mineralization. In 2019, we plan to advance this gold asset with additional surface work in preparation for a drill program focusing on top priority gold targets."

The SLG Gold Property is immediately adjacent to three former gold producers with total production of over 1.4M ounces and a 2,000 tonne per day gold mill facility. The newly identified McLeod Gold Horizon is part of the regional McLeod Road Thrust Fault, a world-class structure known to be associated with the former gold mines on the neighboring property.

Please refer to the plan map (Figure 1) on the following page highlighting locations of gold potential within the SLG Gold Property.

The SLG Gold Property is part of Rockcliff"s extensive property portfolio within the Snow Lake mining camp, which includes Manitoba"s first and highest-grade former gold mine and some of the highest-grade copper-rich and zinc-rich Volcanogenic Massive Sulphide (VMS) deposits within the prolific Flin Flon–Snow Lake greenstone belt.

SLG GOLD TARGETS

McLeod Gold Horizon: The McLeod Gold Horizon hosts quartz veining and volcanic rocks within and proximal to the regional McLeod Road Thrust Fault. Variable styles of mineralization, including stringer to massive sulphide, and lode gold-bearing quartz veins have been intermittently traced for over 10 kilometres with widths up to 30 metres. Historical grab samples were reported to grade from trace to 2.0 g/t gold and trace to 5.2% copper.

Rockcliff"s rock grab samples yielded from trace to 235.6 g/t gold and from trace to 2.41% copper.

Wolverton and West Wolverton Gold Zones: Historically, multiple quartz veins are associated with rusty, weathered, garnetiferous quartz-feldspar-biotite gneiss. Vein #1 is 305m long and between 3.5m to 10.5m wide. Vein #2 is 1,372m long and averages 0.6m in width. Historic shallow exploration drilling in the 1940s and 1970s intersected values ranging from 1.37 g/t gold over 0.61m to 24.69 g/t gold over 1.04m.

Rockcliff"s rock grab samples yielded quartz vein material grading from trace to 19.58 g/t gold.

Birch Gold Extension: Historical documents indicate shallow drilling gold intercepts inside the property boundary and located 300m east of the former Birch Gold Mine.

  • Zone 3: 8.92 g/t Au across 0.7m (BIR11-06);

  • Zone 5: 6.65 g/t across 0.4m (BIR11-11);

  • Zone 5: 3.82 g/t Au across 3.15m including 6.28g/t across 1.0m (BIR11-12); and

  • Zone 6: 61.83 g/t Au across 0.41m (BIR11-12).

Gold mineralization is associated with arsenopyrite, pyrite and pyrrhotite within moderately to strongly sheared quartz-carbonate flooded zones. The Birch Lake Gold Extension is hosted within the regional Birch Lake Thrust Fault.

  Figure 1 - Plan map illustrating Rockcliff's sample locations, and the historic gold and base metal showings. Click image or link    here    to view larger.

Figure 1 - Plan map illustrating Rockcliff's sample locations, and the historic gold and base metal showings. Click image or link here to view larger.

Laboratory QA/QC

A total of 206 rock grab samples were taken in the field, packaged and shipped directly from Rockcliff"s field office to TSL Laboratories (TSL), Saskatoon, SK. TSL is a Canadian assay laboratory and is accredited under ISO/IEC 17025. Each bagged rock sample was dried, crushed to 70% passing 10 mesh and a 250 gram pulp was pulverized to 95% passing 150 mesh for assaying. A 0.5 g cut was taken from each pulp for base metal analysis (if needed) and leached in a multi acid (total) digestion and then analyzed for copper, lead, zinc and silver by atomic absorption. Gold concentrations were determined by fire assay using a 30 g charge followed by fire assay gravimetric and atomic absorption finish. Samples greater than an upper detection limit (3000 ppb) were reanalyzed using a 1 AT charge. Rockcliff inserted certified blanks and standards in the sample stream to ensure lab integrity.

QP

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. The reader is cautioned that grab samples are selective by nature and may not represent the true grade of the mineralization of the prospect or showing sampled.

About Rockcliff Metals Corporation

Rockcliff is a well-funded Canadian resource exploration company focused on base metals, gold and royalties in the Snow Lake area of Manitoba. Rockcliff"s extensive portfolio of properties totals 169,000 hectares and includes 8 of the highest-grade undeveloped base metal deposits as well as Manitoba"s first and highest-grade historic gold mine. Rockcliff"s goal is to be known as a Canadian mine finder with ultimate conversion of its projects into cash generating royalties.

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 Appoints Neil McMillan as a Director of the Company and Grants Stock Options

Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce the appointment of a well-known mining executive, Mr. Neil McMillan, as a Director of the Company. 

Neil McMillan is best known for his long and illustrious career in Saskatchewan’s multi-billion-dollar mining industry.  As CEO of Claude Resources, he captained the Province’s only gold mining firm to profitability before it was eventually acquired by Silver Standard Inc., now SSR Mining Inc.  Neil served as Chairman of the Board of Directors of Cameco Inc., the world’s largest publicly traded uranium company. Neil also served on the Board of Saskatoon-based diamond mining company Shore Gold Inc., now Star Diamond Corp.

Mr. Ken Lapierre, President and CEO of Rockcliff stated: “The Board of Directors is very pleased to welcome Neil to the Rockcliff team. The Company will greatly benefit from Neil‘s integrity, depth of knowledge and network within the mining industry. Neil will assist the Company on all aspects of its strategic growth plans including marketing Rockcliff to a wider audience. Our Snow Lake assets hold great promise in high-grade base metals, gold and future royalties, and Neil‘s background will be pivotal in unlocking additional significant value for our shareholders.”

Mr. Neil McMillan stated: “I am pleased to join a company with such an experienced and committed board and management team and a terrific portfolio of base and precious metal projects. I hope my background and experience can add materially to the success of the Company.”

The appointment of Mr. McMillan is subject to the approval of the TSX Venture Exchange. The Company also announces the resignation of Gerry McCarvill from the Board of Directors.  The Board of Directors thanks Gerry for his positive and helpful contributions to the Company.

The Company also announces that it has granted 5,050,000 incentive stock options (the “Options”) to certain directors, officers and consultants of the Company. The Options are exercisable at $0.15 per share for a period of 5 years, terminating on October 9, 2023. 

About Rockcliff Metals Corporation

The Company is a well-funded Canadian resource exploration company focused on base metals, gold and royalties in the Snow Lake area of Manitoba. Rockcliff’s extensive portfolio of properties totals 169,000 hectares and includes 8 of the highest-grade undeveloped base metal deposits as well as Manitoba’s first and highest-grade historic gold mine. Rockcliff’s goal is to be known as a Canadian mine finder with ultimate conversion of its projects into cash generating royalties.

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 Metals enters into Sponsorship Agreement with Star Finance GmbH and Retains Integral Wealth Securities Limited to provide Capital Markets Support Services

Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce that it has entered into a Sponsorship Agreement with Star Finance GmbH (“Star Finance”), a Swiss-based company, for European corporate communication services. Star Finance is owned by Michael Adams and has offices in Steinhausen, Switzerland, and Cologne, Germany.

The Company also wishes to announce that it has retained Integral Wealth Securities Limited (“Integral”) to assist in maintaining active and orderly trading in the market for the Company’s securities for a period of at least three months. A trader designated by Integral will endeavour to call a two-sided market; contribute to market liquidity and depth; and maintain activity in the market.

Star Finance is operated by Michael Adams who is an experienced communications professional with more than 15 years of experience assisting Canadian public companies with introductions to investors, primarily in Germany and German-speaking Europe. Among other services, Star Finance owns and operates two established investment-focused financial websites and provides information about investment opportunities to its audience through an e-mail newsletter, websites and various social media channels in the form of written articles as well as video content.

The Sponsorship Agreement provides for the introduction of the Company to Star Finance's audience and subscribers, as well as the distribution of Company news releases through Star Finance's channels and/or the creation and launch of web-based video interviews.

Star Finance has advised the Company that it holds 538,333 shares of the Company and warrants exercisable to purchase an additional 430,000 shares of the Company at an exercise price of $0.15 per share until August 16, 2020. Star Finance has advised that it does not hold any other direct or indirect interest in the Company or its securities, or any right to acquire any such interest.  The arrangement with Star Finance is subject to TSX Venture Exchange (“TSXV”) approval. The arrangement will have a 12-month term, which will commence following receipt of approval by TSXV,  at a cost of $5,000 per month, with certain prepayment discounts possible. Costs associated with the arrangement will be paid from general working capital.

Established in 2003, Integral is a private, independent, IIROC-licenced investment dealer headquartered in Toronto. The firm operates from seven offices, including Vancouver, Calgary and Ottawa. The firm’s capital markets group, Integral Capital Markets, has established capabilities in market making, energy banking and private capital solutions.

About Rockcliff Metals Corporation

The Company is a well funded Canadian resource exploration company focused on exploration and generating cash flow from future royalty payments on its base and precious metal assets located in Snow Lake, Manitoba, Canada.Rockcliff’s extensive portfolio of properties, totalling approximately 169,000 hectares, is located in and around the 100 year old Snow Lake mining camp and hosts the VMS #1 Property, the VMS #2 Property, NI 43-101 compliant resources at the Talbot Copper deposit and the Rail Copper deposit and historical zinc and zinc-copper deposits (the Lon Zinc-Copper deposit, the Bur Zinc-Copper deposit, the Morgan Zinc deposit and the down-dip continuation of the Pen Zinc deposit).The Company’s properties also include Manitoba’s first lode-gold producer (Laguna Gold Property optioned to Kinross), four additional gold-rich properties (the Lucky Jack Gold Property optioned to Kinross, the SLG Gold Property, the DSN Gold Property and the Berry Creek Gold Property), a Net Smelter Royalty on the Tower Property slated for production in 2020 (the Tower Copper deposit) and the MacBride Zinc deposit (optioned to Nevada Zinc Corporation) located 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 Metals Now Largest Landholder in Snow Lake, Manitoba

Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) today announced that it has acquired through map staking a 100% interest in 2 separate land packages and now controls approximately 169,000 hectares making it the largest landholder in the Snow Lake portion of the world-class Flin Flon – Snow Lake greenstone belt (“Belt”).

Rockcliff’s President & CEO Ken Lapierre stated: “The Belt has been home to over 30 base metal mines and 8 gold mines. Having worked there for over 13 years, we felt the time was right to acquire key land positions in an evolving new mining camp south-southeast of Snow Lake. We acquired the VMS #1 Property and the VMS #2 Property for their potential to host significant new high-grade mineral discoveries. With land covering 80 km of collective strike length, we are now in a position of beginning the compilation of all available data and are planning to complete an airborne geophysical survey with the ultimate goal of identifying drill targets. We will also continue to look at strategic opportunities to monetize Rockcliff’s extensive base metal and gold assets and advance our portfolio of high-grade properties in the camp.”

Please review the image on the following page which highlights the strategic location of the VMS #1 Property and the VMS #2 Property.

About the newly acquired VMS #1 Property and VMS #2 Property

The VMS #1 Property and the VMS #2 Property (the “Properties”) host a total of 8 Mineral Exploration Licenses (MEL) totalling over 115,452 hectares and are located in what is termed the Snow Lake South Emerging Mining Camp.  The Properties strategically cover an underexplored area hosting the southeast extension of the world-class and prolific Belt. A minimum of 7 known base metal deposits from 250,000 tonnes up to 6.0 million tonnes in size are located along strike of both Properties and host the same juvenile arc rocks associated with all of the VMS mines and deposits in the Belt.  The Properties are covered by a thin veneer of limestone progressing from nothing up to 100 metres thick in a southward progression. This cover impeeded historic exploration efforts but advances have present geophysical surveys allow a “windowing effect” through the limestone cover so metal bearing targets can be identified.

Rockcliff now controls 100% of the Properties with no outstanding royalties and has unfettered access to explore and discover mineralization within the property limits. Yearly escalating expenditures must be completed and submitted to the Government to maintain the property in good standing. The first year’s exploration commitment is $144,315 to maintain the MEL claims. A winter airborne geophysical program is planned on the Properties in 2019 to define drill targets that warrant follow-up.

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

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

Figure 1: Rockcliff’s VMS #1 Property and VMS #2 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

The Company is a well-funded Canadian resource exploration company focused on exploration and the potential to generate cash flow from future royalty payments on its base and precious metal assets located in Snow Lake, Manitoba, Canada.  Rockcliff’s extensive portfolio of properties, totalling approximately 169,000 hectares, is located in and around the 100-year-old Snow Lake mining camp and hosts the VMS #1 Property, the VMS #2 Property, NI 43-101 compliant resources at the Talbot Copper deposit and the Rail Copper deposit and historical zinc and zinc-copper deposits (the Lon Zinc-Copper deposit, the Bur Zinc-Copper deposit, the Morgan Zinc deposit and the down-dip continuation of the Pen Zinc deposit).  The Company’s properties also include Manitoba’s first lode-gold producer (Laguna Gold Property optioned to Kinross), four additional gold-rich properties (the Lucky Jack Gold Property optioned to Kinross, the SLG Gold Property, the DSN Gold Property and the Berry Creek Gold Property), a Net Smelter Royalty on the Tower Property slated for production in 2020 (the Tower Copper deposit) and the MacBride Zinc deposit (optioned to Nevada Zinc) located 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 Initiates 2018 Exploration at the Laguna and Lucky Jack Gold Properties

Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce the 2018 exploration program has commenced 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”. The Laguna Gold Property, last drilled in 1944, hosts the past producing Rex-Laguna Mine that was Manitoba’s first and highest-grade gold mine.  This new program marks the first systematic exploration in over 100 years.

Rockcliff’s President & CEO, Ken Lapierre, stated: “We now have boots on the ground at Laguna and are excited to be partnered with Kinross in a systematic exploration program in preparation for a Fall drill program, which will be the first drilling conducted on the property since 1944.  The first-year work commitment of $750,000 by Kinross will cover the work expenditures until the end of 2018. The Laguna and Lucky Jack Gold properties have excellent potential to host significant and high-grade gold mineralization similar to what was at Rex-Laguna.  We look forward to commencing the first drill program at Laguna and working with Kinross to unlock the properties’ full potential.”

See Figure 1 on the following page highlighting Rockcliff’s 5 district sized Snow Lake gold properties including the Laguna and Lucky Jack Gold Properties.

2018 Exploration Plans at Laguna and Lucky Jack Gold Properties

The exploration plans at the Laguna and Lucky Jack Gold properties will include geological mapping, trenching and sampling as well as ground gravity geophysics and a LIDAR survey.  In 2017, Rockcliff completed a line cut grid along with Induced Polarization (IP) and VLF surveys.  Upon completion of prioritizing targets using information from the current work program and the combined geophysical and LIDAR data sets, a drill program at the Laguna Gold property is planned for the fourth quarter.

Laguna Gold Property

The gold mineralization on the Laguna Gold Property is controlled by 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 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 2016-17 identified 7 historical surface high-grade gold-rich quartz zones with multiple areas of visible gold and surface grab sample assays from trace to over 600 g/t gold.  Follow-up geophysical programs including airborne magnetics and surface IP surveys covering the 6.0 kilometres long Laguna Gold Mine Trend identified significant potential extensions of the known surface gold-rich quartz zones along strike below a thin veneer of cover. IP anomalies associated at surface with the quartz zones extend to depths of 250 metres, the maximum penetration of the IP survey.

  Figure 1 - Rockcliff's 5 district sized gold properties in the Snow Lake area, including Laguna and Lucky Jack. (To view the graphic in its original size, please click    here   )

Figure 1 - Rockcliff's 5 district sized gold properties in the Snow Lake area, including Laguna and Lucky Jack. (To view the graphic in its original size, please click here)

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 magnetic anomalies and that at least 6 magnetic anomalies have been identified within the Lucky Jack Gold Property.

Definitive Option Agreement (DOA) for Laguna and Lucky Jack Gold Properties

The main terms of the DOA 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. Kinross is committed in the first and second year to aggregate minimum expenditures totalling $1,250,000.  Rockcliff will act as operator.

Please access the Company’s website at www.rockcliffmetals.com for additional information on Rockcliff’s sizeable base metal and gold properties in the Flin Flon-Snow Lake greenstone belt.

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 well-funded Canadian resource exploration company focused on exploration and generating cash flow from future royalty payments on its base and precious metal assets located in Snow Lake, Manitoba, Canada.  Rockcliff’s extensive portfolio of properties, totalling approximately 50,000 hectares, is located in and around the 100-year-old Snow Lake mining camp and hosts resources at the Talbot Copper deposit and the Rail Copper deposit and historical zinc and zinc-copper deposits (the Lon Zinc-Copper deposit, the Bur Zinc-Copper deposit, the Morgan Zinc deposit and the down-dip continuation of the Pen Zinc deposit).  The Company’s properties also include Manitoba’s first former lode-gold producer (Laguna Gold Property optioned to Kinross), four additional gold-rich properties (Lucky Jack Gold Property optioned to Kinross, SLG Gold Property, DSN Gold Property and Berry Creek Gold Property), a Net Smelter Royalty on the Tower Property slated for production in 2020 (the Tower Copper deposit) and the MacBride Zinc deposit (optioned to Nevada Zinc) located 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 Closes $1.84 Million Non-Brokered Private Placement

Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) today announced that the Company has closed its non-brokered private placement announced recently in its press release of July 27, 2018.  The Company placed 12,083,885 Flow Through Units (“FTU”) at a price of $0.09 per FTU for gross proceeds of $1,087,549 and 10,839,617 Working Capital Units (“WCU”) at a price of $0.07 per WCU for gross proceeds of $758,773 for total gross proceeds of $1,846,322 (the “Financing”). Red Cloud Klondike Strike Inc. acted as a finder in connection with the Financing.

Rockcliff’s President & CEO Ken Lapierre commented: “We are pleased that the Financing is now complete and includes existing and new shareholders. We thank those who have taken this opportunity to support Rockcliff as we move forward with our high-grade base metal and gold assets in the world class Snow Lake mining camp located in central Manitoba. With this equity raise, the recent cash sale of our Talbot Copper Property option to Norvista Capital and our recently announced option of two of our five high-grade gold properties to Kinross Gold we are now in a strong financial position to continue to strategically advance our base and precious metal assets from many fronts.  We will continue to strategically explore only our highest priority properties and will announce shortly our strategic exploration plan moving forward.  We have demonstrated our ability to monetize assets, raise equity and explore wisely and we will continue to advance our extensive high-grade assets by considering all strategic opportunities with minimal dilution to the Company’s shareholders.” 

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.

Details of the Financing

Each FTU consisted of one (1) common share and one-half of a common share purchase warrant.  Each WCU consisted of one (1) common share and one (1) common share purchase warrant.  Each full warrant entitles the holder to purchase one common share at a price of $0.15 for two years from closing. 

Eligible finders were paid cash fees of $91,173.93 and issued 767,784 FT Broker Warrants and  315,335 WC Broker Warrants. Each FT Broker Warrant entitles the holder to acquire one broker unit at a price of $0.09, with each broker unit consisting of one common share and one-half of a warrant, for a period of two (2) years from closing and each WC Broker Warrant entitles the holder to acquire one (1) WCU at a price of $0.07 for a period of two (2) years from closing.

All securities issued pursuant to the above referenced private placement are subject to a four month hold period expiring on December 17, 2018.

An insider of the Company subscribed for 100,000 WCUs in the Financing. The insider private placement is exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (“MI 61-101”) by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company issued to the insider did not exceed 25% of its market capitalization.

About Rockcliff Metals Corporation

The Company is a well-funded Canadian resource exploration company focused on exploration and generating cash flow from future royalty payments on its base and precious metal assets located in Snow Lake, Manitoba, Canada.  Rockcliff’s extensive portfolio of properties, totalling in excess of 50,000 hectares, is located in and around the 100-year-old Snow Lake mining camp and hosts resources at the Talbot Copper deposit and the Rail Copper deposit and historical zinc and zinc-copper deposits (the Lon Zinc-Copper deposit, the Bur Zinc-Copper deposit, the Morgan Zinc deposit and the down-dip continuation of the Pen Zinc deposit).  The Company’s properties also include Manitoba’s former lode-gold producer (Laguna Gold Property optioned to Kinross Gold), four additional gold-rich properties (SLG Gold Property, DSN Gold Property, Berry Creek Gold Property and Lucky Jack Gold Property optioned to Kinross Gold), a Net Smelter Royalty on the Tower Property slated for production in 2020 (the Tower Copper deposit) and the MacBride Zinc deposit (optioned to Nevada Zinc) located near Leaf Rapids, Manitoba. For more information, please visit http://rockcliffmetals.com/.

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 Announces Share Consolidation and Closing of Non-Brokered Private Placement

Toronto, ON – August 15, 2018 – Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) wishes to announce that further to its press release of July 27, 2018, commencing at the open of the market on Thursday, August 16, 2018, the common shares of the Company will trade on a post-consolidation basis on the TSX Venture Exchange on the basis of one (1) post-consolidation common share for each three (3) pre-consolidation common shares (the “Consolidation”). Registered shareholders will receive a letter of transmittal to exchange their original common shares for post-consolidation common shares.  Beneficial shareholders will have their accounts automatically adjusted. All fractions of post-consolidation common shares will be rounded to the next lowest whole number and such fractional common shares will be cancelled.

The new CUSIP number for the Company’s common shares on a post-consolidation basis is 77289R209. The name and trading symbol remain unchanged.

Immediately following the Consolidation, the Company will close its post-consolidated non-brokered private placement. A press release will be issued following completion of the closing providing particulars of the private placement.

About Rockcliff Metals Corporation

The Company is a Canadian resource exploration company focused on exploration and generating cash flow from future royalty payments on its base and precious metal assets located in Snow Lake, Manitoba, Canada.  Rockcliff’s extensive portfolio of properties, totalling in excess of 50,000 hectares, is located in and around the 100-year-old Snow Lake mining camp and hosts NI 43-101 compliant resources at the gold-rich Talbot Copper deposit and the Rail Copper deposit and historical zinc and zinc-copper deposits (the Lon Zinc-Copper deposit, the Bur Zinc-Copper 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 optioned to Kinross Gold), four additional gold-rich properties (SLG Gold Property, DSN Gold Property, Berry Creek Gold Property and Lucky Jack Gold Property optioned to Kinross Gold), a Net Smelter Royalty on the Tower Property slated for production in 2020 (the Tower Copper deposit) and the near-surface high-grade MacBride Zinc deposit (optioned to Nevada Zinc) located near Leaf Rapids, Manitoba. For more information, please visit http://rockcliffmetals.com/.

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 Announces Closing of the Talbot Property Sale, Share Consolidation and $2.4 Million Non-Brokered Private Placement

Toronto, ON – July 27, 2018 – Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce that further to its press release of May 8, 2018, it has received a payment of $150,000 from Norvista Capital Corporation and closed the sale of its interest in the Talbot Option Agreement and the Talbot Property to Norvista Capital. The Talbot property is within the world class Flin Flon-Snow Lake greenstone belt located in central Manitoba, Canada.

The Company is also pleased to announce that it will proceed with a 3 for 1 consolidation of its outstanding capital (the “Consolidation”) and a proposed $2.4 million non-brokered private placement (the “Financing”) of up to 16,000,000 post-Consolidation Flow Through Units (“FTU”) for proceeds of up to $1,440,000 and up to 14,000,000 post-Consolidation Working Capital Units (“WCU”) for proceeds of up to $980,000 (the “WC Offering”).

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 completion of 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 substantial drill programs focused initially on our 100% owned base metal and precious metal properties. With Kinross Gold and Norvista Capital now actively exploring some of our gold and base metal properties at the same time, the remainder of 2018 will be very busy.  We continue to consider all strategic opportunities to monetize and advance our extensive base and precious metal property portfolio in the Snow Lake mining camp with minimal dilution to the Company’s shareholders.”

Consolidation

Further to the approval by the Company’s shareholders obtained on October 19, 2017, the Company will complete a minor 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 53,569,094 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 would be approximately 83,569,094 post-Consolidation common shares.

Financing

After giving effect to the Consolidation, each FTU will be priced at $0.09 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 $0.15 per share for a period of two (2) years from the closing date of the Financing. Each WCU priced at $0.07 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 $0.15 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 7% of the value of WCUs and FTUs sold and up to 7% 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 $0.09, 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 $0.07 for a period of two (2) years from the closing date 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.

Closing

The Consolidation is to be completed and the Financing is expected to close on or before August 16, 2018 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 exploration and generating cash flow from future royalty payments on its base and precious metal assets located in Snow Lake, Manitoba, Canada.  Rockcliff’s extensive portfolio of properties, totalling in excess of 50,000 hectares, is located in and around the 100-year-old Snow Lake mining camp and hosts NI 43-101 compliant resources at the gold-rich Talbot Copper deposit and the Rail Copper deposit and historical zinc and zinc-copper deposits (the Lon Zinc-Copper deposit, the Bur Zinc-Copper 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 near Leaf Rapids, Manitoba. For more information, please visit http://rockcliffmetals.com/.

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 and Kinross to Explore Laguna and Lucky Jack Gold Properties Located in Snow Lake, Manitoba

Toronto, ON – July 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 Definitive Option Agreement (“DOA”) 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”. The Laguna Gold Property, last drilled in 1944, hosts Manitoba’s first and highest-grade former gold mine and will now be the subject of the first systematic exploration program in over 100 years.

Rockcliff’s President & CEO, Ken Lapierre, stated: “We are pleased to have completed the DOA on the Laguna and Lucky Jack Gold Properties with a major global gold miner like Kinross.  The remainder of 2018 will be an active time on these properties as we systematically focus on high priority targets in preparation for drilling.  The Laguna and Lucky Jack Gold properties have excellent potential to host significant and high-grade gold mineralization.   We look forward to advancing these gold properties and working with Kinross to unlock their full potential.”

See Figure 1 on the following page highlighting Rockcliff’s 5 district sized Snow Lake gold properties including the Laguna and Lucky Jack Gold Properties.

DOA for Laguna and Lucky Jack Gold Properties

The main terms of the DOA 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. Kinross is committed in the first and second year to aggregate minimum expenditures totalling $1,250,000.  Rockcliff will act as operator.

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 6.0 kilometres of prospective strike length of the Laguna Gold Mine Trend.

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 2016-17 identified 7 historical surface high-grade gold-rich quartz zones with multiple areas of visible gold and surface grab sample assays from trace to over 600 g/t gold.  Follow-up geophysical programs including airborne magnetics and surface Induced Polarization (IP) surveys covering the 6.0 kilometres long Laguna Gold Mine Trend that identified significant potential extensions of the known surface gold-rich quartz zones along strike below a thin veneer of overburden cover. IP anomalies associated at surface with the quartz zones extend to depths of 250 metres, the maximum penetration of the IP survey.

  Figure 1 - Rockcliff's 5 district sized gold properties in the Snow Lake area, including Laguna and Lucky Jack. (To view the graphic in its original size, please click  here )

Figure 1 - Rockcliff's 5 district sized gold properties in the Snow Lake area, including Laguna and Lucky Jack. (To view the graphic in its original size, please click here)

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 magnetic anomalies and that at least 6 magnetic 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 sizeable base metal and gold properties in the Flin Flon-Snow Lake greenstone belt.

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 exploration and generating cash flow from future royalty payments on its base and precious metal assets located in Snow Lake, Manitoba, Canada.  Rockcliff’s extensive portfolio of properties, totalling in excess of 50,000 hectares, is located in and around the 100-year-old Snow Lake mining camp and hosts NI 43-101 compliant resources at the gold-rich Talbot Copper deposit and the Rail Copper deposit and historical zinc and zinc-copper deposits (the Lon Zinc-Copper deposit, the Bur Zinc-Copper 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 near Leaf Rapids, Manitoba. For more information, please visit http://rockcliffmetals.com/.

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 Identifies Multiple Untested Targets at Its Rail Copper Property

Toronto, ON – July 24, 2018 – Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce that a recently completed down-hole geophysical survey and a review of previous airborne and surface geophysics on the 100% owned Rail Copper Property have identified several significant untested targets along strike and immediately below the Rail Copper deposit. The Rail Copper Property is strategically located within the Snow Lake mining camp in Manitoba, Canada and less than 40 kilometres by road from a fully operational milling facility.  The property is located in the Flin Flon-Snow Lake greenstone belt which is home to over 100 years of mining of base metals (copper and zinc) and gold. The Flin Flon Snow Lake greenstone belt is known as a world class base metal mining camp.

Ken Lapierre, President and CEO of the Company, commented: “Our summer geophysical focus on the Rail Copper Property was to locate additional untested target areas along the 5-kilometre-long Rail Copper horizon. The geophysics clearly demonstrated additional targets that show excellent potential to expand the present resource at the Rail Copper deposit as well as potential new discoveries along strike of the deposit. These untested geophysical targets all have similar signatures as the nearby Rail Copper deposit and will be the focus of a planned future drill program.  Rockcliff will continue to explore its extensive precious and base metal property portfolio while looking for opportunities to partner or monetize some of these properties with the primary goal of creating long-term shareholder value.”

The Rail Copper Property

Rockcliff completed an initial NI 43-101 Compliant Resource on the Rail Copper deposit on December 21, 2010. The report entitled “Mineral Resource Evaluation, Rail Polymetallic Sulphide Deposit, Snow Lake, Manitoba”, dated December 19, 2010 (the “Rail Deposit Report”), was prepared by Sébastien Bernier, M. Sc., P.Geo, and Dominic Chartier, P.Geo., qualified persons under National Instrument 43-101, on behalf of SRK Consulting (Canada) Inc. (“SRK”). The Rail Deposit Report is available for viewing on the SEDAR profile for Rockcliff Resources Inc. (“Rockcliff Resources”), the predecessor of the Company, at www.sedar.com. The Mineral Resource Statement prepared by SRK for the Rail Copper deposit is detailed below.

Table 1: Mineral Resource Statement*, Rail Copper Deposit, Manitoba prepared by SRK Consulting, November 4, 2010

  *Reported at a cut-off of 2% to reflect “the reasonable prospects” of economic extraction using underground mining methods.  Cut-off grade is based on US$3.00 Cu with no revenue from other sources, recovery of 80%. All figures were rounded to reflect the relative accuracy of the estimates. Mineral resources are not mineral reserves and do not have demonstrated economic viability. The Indicated Mineral Resource for the Rail Copper deposit was classified using CIM Definition Standards for Mineral Resources and Mineral Reserves (December 2005) by Sebastian Bernier, P.Geo.(APGO #1847). Reference is made to the press release dated November 4, 2010, issued by Rockcliff Resources.

*Reported at a cut-off of 2% to reflect “the reasonable prospects” of economic extraction using underground mining methods.  Cut-off grade is based on US$3.00 Cu with no revenue from other sources, recovery of 80%. All figures were rounded to reflect the relative accuracy of the estimates. Mineral resources are not mineral reserves and do not have demonstrated economic viability. The Indicated Mineral Resource for the Rail Copper deposit was classified using CIM Definition Standards for Mineral Resources and Mineral Reserves (December 2005) by Sebastian Bernier, P.Geo.(APGO #1847). Reference is made to the press release dated November 4, 2010, issued by Rockcliff Resources.

The Rail Copper Property hosts the Rail Copper deposit which is located within the 5-kilometre-long Rail Copper horizon.

Geophysical evidence (see figure 1 below) suggests at least 3 significant targets within the Rail Copper horizon termed the North Target and the South Target. The Center Target represents the Rail Copper deposit.

  Figure 1: Rail Copper horizon VTEM survey highlighting the Rail Copper deposit and North and South target areas within Rockcliff’s 100% owned Rail Copper Property. (To view the graphic in its original size, please click  here )    

Figure 1: Rail Copper horizon VTEM survey highlighting the Rail Copper deposit and North and South target areas within Rockcliff’s 100% owned Rail Copper Property. (To view the graphic in its original size, please click here)

 

The Rail Copper deposit:

The NI 43-101 compliant resource of the Rail Copper deposit has significant upside potential. The Rail mineralization consists of a single lens of stringers up to massive sulphides of pyrite, pyrrhotite, chalcopyrite and sphalerite. The Rail Copper deposit is within the 5-kilometre-long Rail Copper horizon comprised of a pervasive mineralized highly altered juvenile arc bi-modal rock package typical of the rock assemblages that host all of the deposits and base metal mines in the Flin Flon-Snow Lake greenstone belt. The mineralization of the Rail Copper deposit remains open along strike and at depth where Rockcliff’s surface and bore hole geophysical surveys have identified untested targets to a depth of 1,000 metres immediately below the deposit.

The North Target:

The North Target area represents a high priority area lying approximately 1,000 metres north of the Rail Copper deposit and within the Rail Copper horizon. Geophysically, the target anomaly is characterized by a significant late time airborne VTEM response characteristic of sulphide accumulation and in direct response with a magnetic association. Observations indicate there are multiple close spaced targets over a strike length of 375 metres and the geophysical response pattern is not due to just one isolated target.  One shallow historical drill hole in this area failed to explain the target.

The South Target:

The South Target area represents a high priority target lying approximately 800 metres south of the Rail Copper deposit and within the Rail Copper horizon. Geophysically, the target is characterized by a significant late time VTEM response characteristic of sulphide accumulation and flanked by a large magnetic source. The target strike length is 600 metres long.  One historical shallow hole above 100 metres vertical tested the target and intersected scattered low copper and zinc assays. The target remains virtually untested across its strike length and the fact that a single historical drill hole identified base metal mineralization at shallow depths is encouraging.

QP

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 exploration and generating cash flow from future royalty payments on its base and precious metal assets located in Snow Lake, Manitoba, Canada.  Rockcliff’s extensive portfolio of properties, totalling in excess of 50,000 hectares, is located in and around the 100-year-old Snow Lake mining camp and hosts NI 43-101 compliant resources at the gold-rich Talbot Copper deposit and the Rail Copper deposit and historical zinc and zinc-copper deposits (the Lon Zinc-Copper deposit, the Bur Zinc-Copper 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 near Leaf Rapids, Manitoba. For more information, please visit http://rockcliffmetals.com/.

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 Uncovers Multiple High-Grade Gold Zones at Its Berry Creek Gold Property, Snow Lake, Manitoba

Toronto, ON – July 18, 2018 – Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce the occurrence of several high-grade surface gold zones on its Berry Creek Gold Property in Snow Lake, Manitoba.  The Berry Creek Gold Property (see Figure 1) is strategically located within the Snow Lake mining camp and less than 5 kilometres by road from a 2000 tpd gold mill facility.  It is part of the world-class Flin Flon-Snow Lake greenstone belt which is home to over 100 years of mining of base metals (copper and zinc) and gold.

Ken Lapierre, President and CEO of the Company, commented: “We acquired the Berry Creek Gold Property initially for its low-grade, large tonnage potential and are very pleased to have confirmed that high-grade gold-rich shear zones over appreciable thicknesses are also associated within the host Sneath Lake intrusion.  In light of the high-grade potential uncovered on this property to date, we look forward to advancing this gold asset more aggressively in the coming months.  Results such as this highlight the opportunity for discovery across our sizeable base metal and gold property portfolio within the Flin Flon-Snow Lake greenstone belt.”

The Berry Creek Gold Property

A total of 60 surface grab samples were collected from multiple shear zones over a small area on the northeast part of the property, including 30 from historic trenches and 30 from reconnaissance prospecting.  Visible gold was detected in several locations. 

Chart for web.JPG

See Figure 1 on the following page highlighting Rockcliff’s 5 district sized gold properties in Snow Lake including the Berry Creek Gold Property and the location of the 60 surface grab samples.

Field activities conducted by Rockcliff on the Berry Creek Gold Property confirmed the presence of significant gold mineralization associated with the Sneath Lake intrusion and along a portion of the Berry Creek Fault Zone and its subsidiary fault splays. Within the Berry Creek Gold Property limits, the Sneath Lake intrusion has a strike length of approximately 15 kilometres by up to 4 kilometres wide.  Gold mineralization is associated with quartz-hosted shear zones within the Sneath Lake intrusion and is also hosted in the intrusion itself.  These gold-bearing shear zones occurred over thicknesses ranging from 0.5 metres up to 7.0 metres and were followed intermittently for up to 250 metres along strike. Sulphides commonly include pyrite, arsenopyrite and less commonly pyrrhotite, chalcopyrite, bornite, sphalerite, chrysocolla, malachite, galena and visible gold.

Additional exploration on the Berry Creek Gold Property will look to extend known areas of gold mineralization associated with the Sneath Lake intrusion and determine the significance of the gold mineralization on the Property.

  Figure 1 - Rockcliff's 5 district sized gold properties in the Snow Lake area, including the location of the 60 surface grab samples. (To view the graphic in its original size, please click  here )

Figure 1 - Rockcliff's 5 district sized gold properties in the Snow Lake area, including the location of the 60 surface grab samples. (To view the graphic in its original size, please click here)

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 (completed) 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 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 favor of Rockcliff.  Please see press release dated October 5, 2017 for additional information.

Laboratory QA/QC

Rock samples were taken in the field, packaged and shipped directly from Rockcliff’s field office to TSL Laboratories (TSL), Saskatoon, SK. TSL is a Canadian assay laboratory and is accredited under ISO/IEC 17025. Each bagged rock sample was dried, crushed to 70% passing 10 mesh and a 250 gram pulp was pulverized to 95% passing 150 mesh for assaying. A 0.5 g cut was taken from each pulp for base metal analysis (if needed) and leached in a multi acid (total) digestion and then analyzed for copper, lead, zinc and silver by atomic absorption. Gold concentrations were determined by fire assay using a 30 g charge followed by fire assay gravimetric and atomic absorption finish. Samples greater than an upper detection limit (3000 ppb) were reanalyzed using a 1 AT charge. Rockcliff inserted certified blanks and standards in the sample stream to ensure lab integrity.

QP

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. The reader is cautioned that grab samples are selective by nature and may not represent the true grade of the mineralization of the prospect or showing sampled.

About Rockcliff Metals Corporation

The Company is a Canadian resource exploration company focused on exploration and generating cash flow from future royalty payments on its base and precious metal assets located in Snow Lake, Manitoba, Canada.  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 Resources at the gold-rich Talbot Copper deposit and the Rail Copper deposit and undeveloped historical zinc and zinc-copper deposits (the Lon Zinc-Copper deposit, the Bur Zinc-Copper 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 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 Identifies High Grade Gold at 100% Owned Manitoba Gold Properties and Extends Closing of Non-Brokered Private Placement

Toronto, ON – June 25, 2018 – Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce high grade gold grab sample assay results from its 100% owned DSN Gold Property and Morgan Gold/VMS Property located in Snow Lake, Manitoba.  Both properties are strategically located within the Snow Lake mining camp and within trucking distances to mill facilities.  The Snow Lake mining camp is part of the world class Flin Flon-Snow Lake greenstone belt, home to operating base metal mines and former gold producers.

Ken Lapierre, President and CEO of the Company, commented: “Our summer field season is off to a solid start with promising high grade gold grab sample assay results on two 100% owned gold properties.  Both the DSN Gold Property and the Morgan Gold/VMS Property have only seen limited historical gold exploration even though widespread  gold mineralization exists in quatz veins and sulphide rich host rocks.  We will continue to evaluate the gold potential on these gold properties in the camp and remain optimistic that with more exploration, the true gold potential of both properties will be realized.  Additionally, once our current financing is completed, we will initiate a drill program on our high grade 100% owned Rail Copper Deposit located within trucking distance to a base metal processing facility. The drill program will attempt to expand the present Rail Deposit which is  open in all directions and also discover new base metal mineralization along the prospective 5km long  Rail Copper Trend.  We remain  committed to exploring our extensive property portfolio on a priority basis while looking for opportunities to partner or monetize these properties with the primary goal of creating long term shareholder value.”

DSN Gold Property

Rockcliff’s 100% owned DSN Gold Property is strategically located west of the Snow Lake mining camp. Rockcliff’s eight grab samples at the Corely Lake gold showings assayed from trace  up to 4.9 gpt gold.  Nineteen grab samples at the Lake Vena gold zone returned assays from 0.11 gpt up to 22.63 gpt gold along a surface exposed altered quartz vein for a total distance of 140 metres before the vein becomes covered with overburden.

The DSN Gold Property has seen limited gold exploration although several areas with gold mineralization (Corely Lake and Lake Vena) have been discovered within quartz rich shear zones associated proximal to the Morton Thrust Fault that strikes across the property a distance of over 15 km.  Historical work identified gold mineralization at the Corely Lake gold showings (trace up to 115 gpt gold in quartz veins within fault zones) and the Lake Vena gold zone (trace up to 24 gpt gold) in grab samples, channel samples and small bulk samples.

Additonal work in 2018-19 will focus on the Corely Lake gold showings and the Lake Vena gold zone where surface geophysics, geological mapping and sampling and trenching are planned.

Morgan Gold/VMS Property

Rockcliff’s 100% owned Morgan Gold/VMS Property is strategically located within the Snow Lake mining camp.  Rockcliff’s field work centered on the Finlayson Gold Zone followed at surface in a series of overgrown and water filled historical trenches striking a distance of 250 metres. Rockcliff’s fifeteen grab samples returned assays from 0.04 gpt up to 6.82 gpt gold.

Historical gold exploration on the Finlayson Zone, identified  two shoots of gold bearing quartz veins traced for a strike length of 250 metres. Historical channel sampling in trenches returned assays from trace up to 19.95 gpt gold over 2.3 metres and limited shallow drilling intersected the Finlaysone zone and returned assay results from trace up to 22.6 gpt gold over a 1.7 metres thickness.

Additonal work in 2018-19 will focuss on surface geophysical surveys and additional geological mapping and sampling.

Non-Brokered Financing and Existing Shareholder Financing

The Company also wishes to announce that it will be extending the closing date of its Financing announced on May 10, 2018 to July 20, 2018 and will be extending the Existing Shareholder Offering to coincide with the closing of the Financing. The Existing Shareholder Offering is open to all existing shareholders of the Company resident in Canada as of the record date of May 9, 2018 until the earlier of the closing of the Financing and July 20, 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 Working Capital Units.  Requests should be received by no later than July 18, 2018 so that subscription agreements can be signed and funds can be received by the Company by no later than July 20, 2018. For further particulars relating to the Existing Shareholder Offering and the Financing, see the Company’s press release dated May 10, 2018.

Laboratory QA/QC

Rock samples were taken in the field, packaged and shipped directly from Rockcliff’s field office to TSL Laboratories (TSL), Saskatoon, SK. TSL is a Canadian assay laboratory and is accredited under ISO/IEC 17025. Each bagged rock sample was dried, crushed to 70% passing 10 mesh and a 250g pulp was pulverized to 95% passing 150 mesh for assaying. A 0.5g cut was taken from each pulp for base metal analysis (if needed) and leached in a multi acid (total) digestion and then analyzed for copper, lead, zinc and silver by atomic absorption. Gold concentrations were determined by fire assay using a 30g charge followed by fire assay gravimetric and atomic absorption finish. Samples greater than an upper detection limit (3000 ppb) were reanalyzed using a 1 AT charge. Rockcliff inserted certified blanks and standards in the sample stream to ensure lab integrity.

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. The reader is cautioned that grab samples are selective by nature and may not represent the true grade of the mineralization of the prospect or showing sampled.

About Rockcliff Metals Corporation

The Company is a Canadian resource exploration company focused on exploration and generating cash flow from future royalty payments 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 Updates Exploration Plans for 2018 Summer/Fall at Snow Lake and Engages Red Cloud Klondike Strike Ltd. as Capital Markets Advisor

Toronto, ON – May 31, 2018 – Rockcliff Metals Corporation (“Rockcliff” or the “Company”) (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce it has commenced a summer exploration program focusing on its extensive high grade base metal and gold property portfolio centered in Snow Lake, Manitoba and located within the world class Flin Flon-Snow Lake greenstone belt.  Also, Rockcliff has engaged Red Cloud Klondike Strike Inc. (“Red Cloud”) as a strategic advisor to the Company.  Red Cloud is a capital markets advisory firm dedicated solely to the mining sector and is headquartered in Toronto, Canada.

Mr. Ken Lapierre, President & CEO of Rockcliff Metals Corporation, commented: “We are pleased to retain Red Cloud and their successful team of professionals who have a great understanding of all facets of the exploration and mining industry. Red Cloud’s successful track record in capital funding, M&A activity, marketing and strategic planning will be a great asset to Rockcliff. Rockliff will continue to explore its extensive property portfolio while  looking for opportunities to partner or monetize these properties with the primary goal of creating long term shareholder value.”

Rockcliff’s summer program will focus on:

  • Resource expansion on our 100%-owned flagship NI 43-101 compliant Rail Copper deposit which is open in all directions. The deposit presently hosts 822,000 tonnes grading 3.0% copper, 0.7g/t gold, 0.9% zinc and 9.3g/t silver and an extensive drill program is proposed (please see the report entitled “Mineral Resource Evaluation, Rail Polymetallic Sulphide Deposit, Snow Lake, Manitoba”, dated December 19, 2010, prepared by Sébastien Bernier, M.Sc., P.Geo., and Dominic Chartier, P. Geo. on behalf of SRK Consulting (Canada) Inc. and filed on the SEDAR profile for Rockcliff Resources Inc. on December 20, 2010).

  • Advancement of the Company’s gold properties focusing on the SLG Gold property which is located adjacent to the former 1.4M ounce New Brit gold mine and a 2,000tpd gold mill owned by Hudbay Minerals.

The Company also wishes to announce that it will be extending the closing date of its Existing Shareholder Offering to coincide with the closing of the Financing on or before June 22, 2018. The Existing Shareholder Offering is open to all existing shareholders of the Company resident in Canada as of the record date of May 9, 2018 until the earlier of the closing of the Financing and June 22, 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 Working Capital Units.  Requests should be received by no later than June 18, 2018 so that subscription agreements can be signed and funds can be received by the Company by no later than June 20, 2018. For further particulars relating to the Existing Shareholder Offering and the Financing, see the Company’s press release dated May 10, 2018.

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 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 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)  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