Goldcliff Resource Corporation announced that it has entered into a loan agreement with George Sanders, President, Chief Executive Officer and a director of the Company for proceeds of CAD 175,000 on October 12, 2022. The interest-free Loan will mature on September 7, 2023. The company has agreed to issue 700,000 common shares of the Company as Bonus Shares to the Lender at a deemed price of CAD 0.05 per Bonus Share.

All Bonus Shares will be subject to a four month hold period from the date of issuance in accordance with applicable securities law. The Loan Agreement and the Bonus Shares are subject to the acceptance of the TSX Venture Exchange.