Pine Grove Joint Venture Partner Submits Mine Plan of Operations

VANCOUVER, British Columbia, May 23, 2018 (GLOBE NEWSWIRE) — Goldcliff Resource Corporation (“Goldcliff” or “the Company) (TSX.V:GCN) (OTCBB PINKS:GCFFF) is pleased to announce that Pine Grove gold project joint venture partner and operator Lincoln Mining Corporation, (“Lincoln”) has submitted a Mine Plan of Operations (the “PoO”) to the United States Forest Service, Humboldt-Toiyabe National Forest on May 15, 2018. The PoO was compiled by Welsh Hagen Associates of Reno, Nevada and incorporated data and information from a number of consulting companies that are working on the project. Submission of the PoO initiates the National Environmental Policy Act (NEPA), which requires the compilation of an Environmental Impact Statement (EIS), including public comment. The lead agency is the U.S. Forest Service – Bridgeport Ranger District in Bridgeport, California. Lincoln is working closely with its prime environmental contractor, Stantec Consulting Services of Reno, Nevada and the U.S. Forest Service to advance the permitting process as quickly as possible.

A conceptual mining schedule is based on an annual production goal of 1.0 million tons of feed delivered to the crusher. Material will be mined from two open-pits, one on the Wheeler deposit and one on the Wilson deposit. The Wheeler pit will be mined first and will be backfilled with overburden from the Wilson pit. Contract mining will be utilized. Material will be crushed to -3/8 inch, agglomerated, and placed on a conventional leach pad. Pregnant solutions will be collected from the pad and absorbed onto activated carbon in a series of five columns. The carbon will be stripped off site to recover the gold. High-grade feed will be stockpiled and processed on site utilizing a 200 tpd mill with gravity recovery. Historic production and modern drilling support the presence of local high-grade material. Mine life is estimated at 5 years including 1 year of pre-production. Exploration potential to increase gold resources is excellent.

Mr. Paul Saxton, P.Eng., Director of Goldcliff and President of Lincoln and a “qualified person” under National Instrument 43-101, reviewed and approved the scientific and technical information in this news release.

For further information, please contact George W. Sanders, President, at 250-764-8879, toll free at 1-866-769-4802 or email at info@directroyalty.com.

GOLDCLIFF RESOURCE CORPORATION

Per: “George W. Sanders”

George W. Sanders, President

Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or the accuracy of this news release.

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