Northcliff Resources Ltd. (“Northcliff” or the “Company”) (TSX: NCF) announces, further to its June 23, 2022, August 18, 2022 and August 26, 2022 news releases, that it has settled the first tranche of $500,000 plus accrued interest of the 2021 loan by issuing 17,512,503 shares to Todd Sisson (NZ) Limited ("Todd"), a subsidiary of the Todd Corporation, the Company’s largest shareholder.
Todd now holds 120,139,072 shares or a 51.77% interest in Northcliff.