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NEWS

NORTHCLIFF ANNOUNCES $4 MILLION FOLLOW-ON PRIVATE PLACEMENT FINANCING

Northcliff Resources Ltd. (“Northcliff” or the “Company”) (TSX: NCF) is pleased to announce that pursuant to the shareholder authorization received at its Extraordinary General Meeting of shareholders (“EGM”) held on December 13, 2016, that it will be seeking to complete the follow-on private placement financing (the “Follow-on Financing”) described in the information circular for the EGM which is filed at www.sedar.com. The Follow-on Financing involves the proposed issuance of up to a total of 36,363,636 Common Shares at a price of $0.11 per Common Share for gross proceeds to the Company of up to $4 million. The Follow-on Financing price is at the same price as the December 2016 private placement financing and is required to complete by March 17, 2017.




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