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Rockcliff to Commence Winter Drill Program at Tower Property and Grants Stock Options; Large Coincident Magnetometer and EM Anomaly to be Drilled

January 22, 2014

Trading Symbol RCR: TSXV www.rockcliffresources.com TORONTO , Jan. 22, 2014 /CNW/ - Rockcliff Resources Inc. (" Rockcliff ") (TSXV: RCR) is pleased to announce that work permits and geophysical and drill contracts are finalized for a winter drill program to commence shortly on the Tower Property. Rockcliff will initially drill a large coincident magnetometer and EM anomaly untested by previous drilling. The drill program is targeting copper, zinc, gold and silver (VMS) mineralization. A minimum 1,000 meter drill program is planned to begin in early February at the Tower Property. Last year's reconnaissance DPEM (Deep Penetrating Electro Magnetic) survey completed east of the high grade T-1 Copper Deposit outlined a strong electromagnetic response southeast of the deposit and worthy of follow-up exploration. This year's geophysical survey covering the area identified a highly conductive, west dipping, DPEM anomaly with a coincident high magnetic response. The +600m long, north-south trending anomaly is a "priority 1 anomaly" and is very similar in appearance to the geophysical anomaly related to the high grade T-1 Copper Deposit (see below table for the NI 43-101 T-1 Deposit Resource). Prior to drilling, additional geophysics will be completed immediately south of the anomaly where it remains open along strike. A minimum 4 holes will test the anomaly under approximately 100m of limestone cover for its copper, zinc, gold and silver potential. Additional geophysical maps from recent surveys can be found at www.rockcliffresources.com . Outlined below is a National Instrument 43-101 Mineral Resource Statement, T-1 Copper Deposit, Manitoba , completed by Caracle Creek International Consulting Inc. , dated December 2, 2012 : Resource Category Tonnes Cu (%) Zn (%) Ag (g/t) Au (g/t) Contained Pounds-Cu Indicated 1,084,186 3.73 1.05 17.28 0.55 88,968,303 Inferred 1,253,522 2.00 1.02 9.78 0.27 55,154,968 Notes: CIM definitions were followed for the estimation of mineral resources. Mineral resources are estimated at a Cu cut-off of 0.5%. Cut-off grade was based on a copper price of US$3.63 per pound. Given the tonnage, grade and orientation of the deposit, Caracle Creek considers the T-1 Copper Deposit to be reasonably amenable to extraction using underground mining methods. Specific Gravity measurements were taken on a portion of the samples and where actual measurements were not available an average of 3.00 was used. Mineral resources are not mineral reserves and do not have demonstrated economic viability. The report entitled "Independent Technical Report, Tower Property, Grand Rapids, Manitoba " dated January 20, 2013 (the "Tower Deposit Report") was prepared by Zsuzsanna Magyarosi , Julie Selway , Jason Baker and Julie Palich , independent qualified persons under NI 43-101, for Caracle Creek International Consulting Inc. (Caracle Creek). At Tower, Rockcliff exercised the option to earn its 50% interest by spending $2,000,000 on exploration expenditures and paying $90,000 to Pure Nickel Inc. A 50/50 Joint venture has now been formed. Rockcliff can now earn an additional 20% interest in the property by spending an additional $2,000,000 (approximately $1,900,000 of which has been spent to date) in exploration expenditures and paying a total of $60,000 to Pure Nickel ( $30,000 has been paid to date) by March of 2014. Once completed, Rockcliff will control a 70% interest in the property. An underlying 2% NSR on the property is held by Xstrata Nickel, of which half can be purchased for $1,000,000 . Ken Lapierre , P.Geo ., President & CEO of Rockcliff Resources Inc. , is a Qualified Person under the definition of National Instrument 43-101. Mr. Lapierre has reviewed and approved the technical information in this press release. Rockcliff also wishes to announce that an aggregate of 1,325,000 options to purchase common shares of Rockcliff at $0.10 per share for five years have been granted to two (2) executive officers (675,000), four (4) directors (575,000) and one (1) employee (75,000) of Rockcliff. The grants are subject to acceptance by the TSX Venture Exchange . Rockcliff Resources Inc. Rockcliff Resources Inc. is a Canadian resource exploration company focused on discovery and advancement of its high-quality mineral properties at its Snow Lake Project . Rockcliff presently controls the Snow Lake Project in Manitoba , totalling in excess of 400 km 2 . The project includes two VMS high grade copper rich NI43-101 Resources (Rail and T-1 Copper Deposits), one historic VMS copper deposit (Lon), the T-2 Copper Zone (Tower), numerous untested geophysical anomalies and several additional properties with VMS potential (Freebeth, Dickstone North). Rockcliff also owns a zinc-silver rich NI43-101 Resource (Shihan) in Ontario . Forward Looking Statement: Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Rockcliff undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such 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. SOURCE ROCKCLIFF RESOURCES INC.


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Source: Canada Newswire


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