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 firstname.lastname@example.org 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
CHF Capital Markets
Cathy Hume, CEO
Phone: (416) 868-1079 ext.231
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.